Title: Proposal to Rescind the Snapshot Vote for the S10 GC Election
Editors: 0xZFi, Icedcool
Date: Feb 3, 2024
The Season 10 Grants Committee (GC) Election Snapshot Vote is live, in accordance with the responsibilities and authorities of the GC, per the bDAO Constitution. While there are a number of reasons this may not be the best course of action for bDAO, two are of particular concern:
The future of the DAO’s brand, structure, and contributors are uncertain. As a result of recent community discussions, there may be some big changes coming to the DAO in the near future, both in terms of structure and operation.
Only one of the Season 9 GC members will remain and none of the Season 10 applicants have GC experience.
Moving forward with the Season 10 GC election is a requirement of the current GC, per the bDAO Constitution, but it is a governance action that assumes the DAO is functioning without issue, which is not currently the case.
Completing the current election does not serve the best interests of the DAO in the current circumstances and could be a significant liability until the DAO has a better idea for the future.
In November of 2023, Bankless HQ (BHQ) was the target of criticism on X due to the conflation of membership and overlap between BHQ and bDAO, when DAO units sought funding via Arbitrum grants. This resulted in a desire for BHQ to establish some form of brand clarity between the two organizations.
While initial steps have been taken to establish this clarity between the two organizations via a governance post, the details of any arrangement have yet to be completed. These details will determine the future of the DAO, both in terms of operations and structure.
Historically, per the bDAO Constitution, the GC is tasked with “vetting all funding proposals and ensuring funded organizational units provide ongoing transparency.” Per the Constitution, this is the only bDAO unit tasked with evaluation of funded organizational units, in any respect.
Currently, there is no organizational unit with the mandate to evaluate appropriate or legitimate brand usage. In the absence of any such unit defined and tasked with this responsibility, day-to-day operations of the DAO lack sufficient clarity to continue, and the GC can no longer fulfill its purpose with the necessary legitimacy or alignment with the Constitution.
The GC rescinds the current Snapshot election.
The DAO establishes a new status quo, subject to the details of any brand clarity agreements and processes established between bDAO and BHQ.
Existing DAO units may seek funding directly from the bDAO multisig for day-to-day operations provided these operations don’t contribute to any real or perceived brand or organizational conflation between bDAO and BHQ.
An election for the future GC (with the same or different mandate) is held once new parameters and processes for organizational and brand distinction are established.
Consensus on whether or not the existing GC S10 election Snapshot vote should continue. This has impacts on bDAO funding mechanisms, which can be clarified through future governance proposals aligned with aspects of organization and brand clarity with BHQ.
Whatever your vote, please feel free to share your thoughts in the comments below. Input beyond what is collected through the poll is both meaningful and valuable.