gm gm!
I wanted to start discussing what a DAO reorg might look like, and I’ve outlined some preference below. I’m hopeful this can begin a conversation to move us forward. I’ll be stewarding this proposal, and putting up relevant votes on the Snapshot space for tlBANK holders as necessary rather than use the polling functions here.
I was going to write a longer proposal, but we don’t need any more words at this point; it’s time for action, and the outline serves as a more digestible template for change. I’m excited to get working on the guts of a new org. See you in the comments!
//
NOTES from 5/6/24: after speaking with a few folks (thanks Sam and others!), we would need a custom contract to enact the staking as envisioned in v1 of the proposal. We cannot afford these costs ($50k+ ez), so to start, we’ll need to strike the contractual staking but instead can use social staking via shared Notion page or some other database. Not ideal, but better than not having a nomination process for Stewards and Contributors based on reputation. I made edits in bold or strikethrough.
//
Notes from 5/22/24
I’m going to start dropping polls on the tlBANK Snapshot Space to gauge community sentiment around the ideas below. Once we have some polling data, we’ll come back here to discuss each poll, probably as a separate Proposal.
By way of update, it does appear staking would be an option through Hats Protocol, so I want to keep that option open below and will edit some of the text accordingly.
Cheers frens, and see you on Snapshot. I’ll drop links to the Spaces once the polls are up.
//
Notes from 5/31/34
Nearly 88% of tlBANK holders voted to reorg the DAO
Snapshot (link to vote)
Accordingly, I have put up four new polls to temp check the sentiment of tlBANK holders regarding the substance of the Outline and the process we should take to move forward.
For now, we can work through any questions here, but if this gets too crowded, I’ll make a new proposal for each Snapshot Space where greater discussion is required.
Votes set to go live around 9am PST on May 31:
Snapshot (gov/membership preference)
Snapshot (DAO Council preference)
Snapshot (How Organize Members)
Snapshot (Transition Council)
Mission
- Onboard people
- Highlight DAO space
High-Level Overview
- Need to move away from Bankless branding
- Need new token
- Need permissioned shell
- Content creation
- DAO experimentation
- IRL Vibes
Membership/Org Structure
A. Governance/Membership
- Two token/levels of decision making
- Full Membership (Stewards
Council):
- Soulbound token
- PoH-verification
- Non-monetary, no economic value
- Social consensus of current Stewards
- Need to have X amt of Contributor Token staked to maintain Full Membership
- Stake to nominate new Full Members who hold X number of Contributor Token
++ Requires three (3) Full Members to take for Full Membership
++ Released after X epochs
- Contributor Membership
- Requires staking of one (1) Full Member
- Requires X amt of Contributor Token
- Requires Membership Working Group approval
-
Rage quit function w/ auto treasury triggers for Full Members
-
Links’ idea about PoolTogether-type Treasury (buy membership, earn yield on amt contributed)
II. Structure
DAO council
- 13 members
~ Multisig + 6 at-large Stewards - Makes funding decisions
- Provides seasonal roadmap for DAO
- Dispute resolution
- Weekly public meetings
Guilds
- Stake X amount of Contributor Token to join, never funded, don’t produce anything, merely an association of members
- Based on skill sets
- Open to all
~ Writers
~ Design
~ A/V
~ Marketing
~ Tooling
~ Translators
Trusted Departments
- Only Stewards
~ Infrastructure
~ Security
Operational Departments
- Open to Contributors
~ Treasury
~ Onboarding
++ Contributors
++ Partners
Content Workstreams
- Written Content
- Audio Content
- Social Media
- Community Call
- Translation
- Memetics
- Events
How to Move Forward:
Working Groups
- Branding
~Including new mission etc - Onboarding
~ Includes Membership screening
Transition Council
- Responsible for:
~ Tooling
~ Treasury
~ Constitution revisions
~ 4-month term (aligned to current season length, Council term will end with the conclusion of Season 11 on Aug 19, 2024)
~ How elected?
++ 3rd party nomination + Snapshot ratification of tlBANk holders (need majority), capped at 7
Compensation
- Retro as agreed by DAO for Working Groups
- .1 ETH per month per person for Transition Council
Thanks fren!
Cheers,
Hiro