Awesome write up @frogmonkee, and great plan set forth.
It’s definitely a good start. We have ideas, we need to make them real and tangible now by putting them on paper and organizing them transparently. Flesh them out.
Health initiatives, don’t forget those too.
Lots of interest, just need more action.
Or need to turn it into a FOH project and inject it into others platforms if there isn’t enough demand here.
Membership perks! I see this as something that will naturally emerge, especially if we have the 30/30/40 split with treasury, budget, and owner.
Excellent post @frogmonkee
These are my thoughts:
Season 0 is where the DAO is born. There are plenty of ideas but the DAO is still evolving, finding its way, finding a shape. Tried a few things that worked so we keep them. Like notion, MetaFactory, NFT auctions, Guilds.
Season 1 will consolidate notion and Metafactory. We need to find more artists to team up with to auction their NFTs splitting profits with us. We will also start new on-chain revenue like probably the merch store, PieDAO, BED index(I hope so)… the onboard project, NFT factory and Auction house I think it will take some time still, but probably we can see some of this come to life by the end of season 1. B2B also has potential and I hope this lifts off.
We will continue our research on governance and as we have more revenue rewarding contributors will be more achievable.
This is great, thank you for writing this. What goes into defining our culture?
Well done and a very important articulation for the DAO. It is so important to provide some direction like this and I love that we balance thes priorities with recognition that the guilds want to do more.
If I read correctly then something like media nodes fits better with season 2, so we can pace that work in parallel but with an eye to deliver in Season 2
Excellent post, concrete. I think a Season 1 plan could drafted and turned into a set of slides to communicate the plan.
Do we have a Season 1 working group?
If we can use BANK as collateral on UMA, we could mint KPI options that anybody can buy and therefore generate on-chain revenue for the treasury as well as reward individuals who help grow the Bankless DAO.
This is an awesome post @frogmonkee! We should carve out a good chunk of time to discuss initial Season 1 planning tomorrow on the community call.
Some initial thoughts:
I agree with Ryan that we should have a working group/squad that takes point on organizing Season 1. This would be identifying and vetting the seasonal projects, establishing clear KPIs for the season, ensuring that there’s a squad behind each project capable to execute on it, helping each project identify clear KPIs and deliverables, the revenue split between each project squad and the DAO (if applicable), and ensuring that there’s sufficient communication and consensus across all mediums on the Season (like setting up Snapshot votes and a Season 1 announcement post!). Essentially I see this squad acting as the liaison between the DAO and the contributors looking to participate in the Season.
Second, I think there’s been some awesome projects and contributors (like yourself!) that have stepped up. I think a nice add for each Season is to setup a Grants Program to allocate funding towards certain projects & contributors. (i.e. giving a seed allocation to Onboard if there’s meaningful development, allocate BANK to a handful of core contributors, or funding the meme competition which I’ve seen a good amount of discussion on).
Generally The Grants Program would be responsible for funding the BANK to certain projects over the course of the season if they need it (read Aave’s model). Every season, the community votes on the proper allocation for the Grants committee during this season.
As per usual, the Grants Commitee would be ran by a working group/squad that’s responsible for allocating the funding for the season at their discretion. I’d also be more than happy to volunteer to be on this committee.
I also do like the idea of a KPI option that is connected to on-chain revenue for the Season. Would be interested in exploring this further.
Correct. But if anyone thinks we should prioritize it, definitely bring that up somewhere.
Excellent post too Lucas.
I’d also want to volunteer for the Grants committee for the season.
Great post per usual @frogmonkee !!!
I’m going to share with the Analytics guild as we’re figuring out our own role - wrt to front/back of house, how we play a support role, but also embrace some more expansive visions.
I tend to agree, start mid-June go through to mid-August, and try to build wins and momentum with the Onboard project in addition to the very important goals around Governance and Revenue.
While I’m a big fan of cash flow, DeFi and ANKless DAO are still early and expecting to be generating strong income in Season 1 sounds like you could be setting up for a fall. I would say “Understanding how we can generate income” is a better goal for Season 1.
Of these, I think B2B / consulting is potentially the most interesting. As a relative outsider, I see a great deal of enthusiasm, thinking and talent in this DAO. That is a very valuable and unappreciated resource.
We will very quickly develop structures, analytics, working relationships and shared tools that make a DAO work. In doing so I expect to see accounts, analytics, git books, forums, code of conduct, blogs, newsletters, an understanding of tokenomics and all that essential stuff.
There are many new protocols that are just a couple of devs who have a token and a million and 1 things to do. Bankless DAO can support these protocols (without enforcing them) - deep dive and write blogs, set up dune analytics, act as community mods, give then a brand makeover and style book, translate docs, set up the git book, run the first community call. - These things will be second nature for Bankless DAO members, but there is a learning curve, and protocols will issue bounties/grants for such support.
Or we can look larger, Uniswap, AAVE, and Rari have grants programmes, apply for them as the DAO.
This uses our community to generate income for the DAO from a wide range of other protocols / DAOs. Then we pay your community in BANK. You diversify your treasury and build your network.
This is a side effect of this idea, some of our members will discover that they are drawn to other DAO’s, possibly inticed by individual rewards (aka poaching talent) and they end up focusing their talent outside BanklessDAO.
I don’t see this as a problem as we need to replace them. Actually, I think it’s an opportunity, it means that our community members are developing into core contributors within other DAO’s. We also get an awesome network across DeFi.
I see Bankless DAO as being a natural place for new people to come and get their first taste of being part of a DAO. I don’t think it should be their last.
Another way to think of it is that Bankless DAO contribution becomes an apprenticeship for core contributors in other DAO’s or a university where people learn, develop and then move on to build with others.
These are some really good points. Thank you for posting!
I suppose I’m an outsider and I see the talent and energy, and I want to see it unleashed on defi.
An analogy to consider: A university research team has two products:
- publications etc that answer government / research council / industry questions
- a steady stream of PhD’s who graduate and go into the wide world.
You could argue that the second is the most valuable, but harder to quantify/monetise.
Could Bankless DAO’s most valuable product be the people who leave it to build with others? That could be a fantastic outcome for the Bankless vision, but monetising it is a challenge.
Am I saying that bankless is not DeFi, it’s more of a knowledge/education economy/institution?
Really interesting perspective @OverAnalyser - thank you for posting! Need to chew on this for a bit
Thanks Lucas, It’s amazing what ideas come to mind when you should be heading to bed.
Imagine a youtube video with the following script:
"Hi I’m Dave, a core contributor at Bankless DAO, I’ve just spent an hour in a video call with Borimir from White Tower Finance “One does simply…” , during the call I tried to establish his real identity by a combination of:
Jpegs and screen capture of his passport and drivers licence.
Onchain signatures from the deployers address,
On- and off-chain test transfers between our accounts (coinbase accounts using emails).
Message exchange via facebook and linked in.
I have recorded and backed up this call.
As a result, of this call I am confident that either I know Borimir’s identity, or he has access to nation state-level counterfeiting. "
As a DeFIi user, or other protocol contributor, how useful would it be to see that video tweeted by Bankless DAO / White Tower Finance?
I think it would be a great tool for Devs who want to be pseudo anonymous for personal security reasons.
Crypto should be trustless, but it takes time for any project to become fully decentralised.
It’s a service that only a few groups could provide as they would need the trust of everyone.
I think we could do that. Could we monetize it?
- The Devs may pay, but pre token, they may not have the funds.
- Maybe we get some vested tokens at launch?
- Larger DAO’s / VC’s may sponsor the service.
Moving to #archive
Please reply if you’d like to keep it open