Title: Guest Pass to L1 Scholarship
Date: August 25, 2023
Affiliations: Grants Committee; Governance, Treasury, Ops
- Guest Pass needs to be revised
- a guard needs to be placed for influential members to the DAO, that have been unable to earn their L1 status
- a scholarship can be placed as that guard.
- this guard can be used in the form of a tlBANK nft membership
In the [TEMP CHECK - Guest Pass V2] (TEMP CHECK - Guest Pass V2), a theme has emerged regarding a need for a scholarship program due to the difficulty for some members to earn their L1 membership. This temperature check serves as a potential solution to that problem. The DAO would create a scholarship for qualified members to earn an L1 Membership in the form of tlBANK 40,000 NFT locked for 1 year.
I realize via the TEMP CHECK - Guest Pass V2 conversation we are in a runway problem with respect to the sustainability of the DAO. We’ve spent 2 years with Lifetime Guest Pass capability, which has lessened the value of BANK. There are members who have run into issues with trying to earn enough BANK while being able to pay their bills, but still want to continue to contribute to the DAO as a proper member.
These members that have now run into the issue of keeping their L1 status, have typically held L2 status at one point, but have had to relinquish their L2 Status ue to those financial issues. I believe that in order to enact a more constrained guest pass that will be more successful, and less detrimental to members who have their values aligned with the dao, we need to present a financial avenue to help members along.
We want to have a process where an genuinely active member of the DAO can obtain this L1 Scholarship. We can do so by following some buffer steps.
Set up a Committee to review applications (or use Grants Committee, if the committee is interested. I would say these members could either be L2 Members, Grants Committe, Multi Sig, or just nice, friendly people
Set up a Scholarship Fund for 10 members for the beginning season. This will be in tlBANK (this can serve as a guardrail for members to not just use the BANK for financial incentive). That cost will be 400,000 BANK. This will either be in a different multi sig, or perhaps Grants could just earmark the funding out of the project fund
Set up an Application structure. This would essentially need to have the members give a heartfelt, thoughtful application, with supporting documents that will be provided as proof for members that are deserving as L1 members.
(I would forsee a need to have multiple L2 Members Support this applicant (like who seconds the applicant). )
Set up the mechanism to lock up the bank, and award the scholarship recipients the tlBANK nft
Test the process of the scholarship.
You should eventually see less of an outflow of bank. This is because the worry of not having to deal with trying get to L1, and not having to deal with renewing your Guest Pass. On a psychological level. We can see greater productivity due to less stress.
- Gather Feedback from Folks, and amend process as follows
- Gain Consensus
- If consensus is achieved, move to proposal.
- If consensus is not achieved, gather feedback.
- REJECT (with comments)
- ABSTAIN (with comments)