First, awesome job @frogmonkee! Always appreciate your initiative. Second, I’m beyond stoked with how Season 1 has gone so far–great work to all the contributors. I think we’ve ironed out a lot of operational stuff and I’m very excited to carry this momentum into Season 2.
Some thoughts:
Season 2 Allocation
I’m generally in favor of increasing the seasonal BANK allocation. However, I’m conscious of two things:
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Seasons are a fixed amount of time and there’s only so much we can distribute within that period, meaning there’s some degree of diminishing returns on the amount we distribute. Over the long run, the goal should be distributing less and less BANK every season (as we should be generating more & more value over time). Just worth noting
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Going off the temp check and looking solely at the grants committee funding proposed (15M), it looks like we’d be on track for around ~21M BANK for Season 2 when factoring in projects and guilds. This is roughly 2% of the total supply in 3 months. We’re in the early stages and I agree that we should want to stimulate growth, but my concern here is around the liquidity issue and ensuring that we can support 21M BANK entering circulation----especially when a good amount will likely fall into the hands of full time contributors. With that, we should just make sure we have an agreed-upon game plan for liquidity if we substantially increase the Seasonal budget (even if it’s just do nothing!!).
Coordinape + Full Time Compensation
I don’t think we’re completely at the point where we can distribute non-BANK assets to full-time contributors just yet (getting very close though). Therefore we’re probably stuck with BANK-only for Season 2.
With that, there’s 2 Coordinape rounds that I think we should target: a seasonal one for all DAO members and another recurring one for Level 2/Contributors. The latter helps the full-time compensation issue as virtually anyone that’s “working full time” (or close to it) on the DAO has earned that tag. Don’t think this is the perfect solution, but it would be a step in the right direction! I’d propose we do these on a monthly basis (just fyi that we’re around ~60 contributors right now).
This + seasonal projects + grants + bounties + guild roles should be sufficient earning opportunities for any active members.
In terms of Guest Passes, this could easily fall under the Grants Committee to distribute as “scholarships” to those individuals that are going above and beyond. For reference, they could give out ~10 per season (350K BANK budget), putting it squarely into their normal grant allocations.
Side note: This is the framework for how I’m starting to understand distribution categories:
- Seasonal Projects: >500K BANK
- Grants: 50K-499K BANK
- Bounties: <50k BANK
Seasonal Funding
There’s an avenue where we could mitigate the overhead for seasonal project funding requests (and let them focus on building over the next few weeks instead of paperwork!!).
This would be a multi-choice, pre-season Snapshot vote featuring a shortlist of core DAO projects (elected by the GC?). Projects would earn a pro-rata % of the “Seasonal Projects” pool based on total percentage of BANK voted towards them.
I.e. There’s a list of 10 core DAO projects and everyone can vote for 3. Let’s say Bankless Academy leads the poll with 55% of BANK voted and therefore receives 55% of the Seasonal Projects pool. Worth noting that these projects could also go to the GC during the season if they were underfunded.
Just an alternative on how we could minimize overhead for projects as we enter the end-of-season sprint 
Final Outcome
All said and done, here’s the high-level budget I’ve put together after factoring in the core Season 2 goals and all the thoughts above (went with 20M BANK just so we had even numbers)
Note 1: LM can be rolled into Core Projects or GC depending on outcome
Note 2: Coordinape Monthly is 2M BANK / 3 months = 666K BANK per month
Let me know what you guys think. May have overlooked some stuff so feel free to call me out if there’s anything that doesn’t make sense or there’s a better solution!
Stoked for the next Season - let’s get it 