Dear Bankless Nation 🏴,
A big thank you to everyone who joined Monday’s Governance Call featuring guest David Ehrlichman, co-founder of HATS. David shared valuable insights on membership levels, role requirements, and strategies for better organizing our community as we continue our transition. If you missed it, you can listen to the recording to catch up on all the details and get an idea of what our future could be shaping into.
There are currently three active proposals on the Forum that need your input. The first proposal focuses on funding community newsletters through the end of the year, the second seeks feedback on funding new initiatives, and the third addresses retroactive funding for Optimism intentions campaigns. These proposals were the discussions in this week’s Community Call and will serve as the foundation for this publication’s editorial. How can we best align our community priorities, especially regarding retroactive rewards and future funding requests?
Things are progressing, with the major topic currently discussed being the community’s membership structure. As the new iteration of the DAO takes shape, we urge you to keep showing up and contributing. Take some time off this weekend, refresh, and let's keep building next week.
Contributors: Lucent, Tonytad, Angelspeaks, Boluwatife, Kornekt, WinVerse
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🏃♀️ Catch up: Listen to this week's Community Call recording.
Proposals in Discussion
Navigating DAO Priorities: Balancing Retroactive Rewards and Future Funding
Author: Boluwatife
Transition is in full swing and official changes are in the process of execution around the DAO. Keeping in line with these changes, there are new forum posts that discuss progress around some unsolved issues and sentiments regarding moving forward with funding.
Optimism "Intentions" Campaign Retroactive Funding - Multisig Distribution
This particular topic has been a bone of contention for quite some time now between the multisig and some projects that participated in the Optimism Intentions campaign under the umbrella of BanklessDAO. Initially, there was an agreement between all the projects that participated in the campaign, where retroactive funding would only be released if the laid down requirements were met. The campaign has long ended and the funding was sent to the BanklessDAO multisig after proper alignment and clarification. The multisig in response to that decided to distribute funds based on the DAO's governance structure. Due to this, funds were not distributed by default and some projects did not receive their respective retroactive funding. The multisig claimed that this was because members did not see any clear contributions to the intentions campaign in particular and while they do not have the adequate resources to vet all deliverables adequately, they believe they do not align with the campaign or fulfill their requirements. Plus, they believe that contributors have been adequately compensated for their efforts in the form of BANK or Optimism’s RPGF.
Members from the affected projects have come forward to say that the requirements were actually fulfilled and that the previously made agreement should be honored. This has led to some back and forth with the multisig eventually putting up a forum post to address the lack of clarity. Do view it here, and also drop your comments. They would be highly appreciated.
Fund DAO Newsletters Till End of Year
This proposal was put up to request funding for the work done by the newsletter team for the Weekly Rollup and the Layer 2 Review newsletter. This proposal contains a budget and full breakdown regarding compensation for contributors. So far, the sentiment has been to fund the Weekly Rollup as it is more aligned with the DAO and helps with its transition but with certain conditions. The community would love to hear your opinion on this. Head over here to view the post and put down your thoughts.
Should We Be Funding New Initiatives Now?
TheThriller, a member of the DAO, put up a Forum post to get sentiment regarding funding new initiatives. When the restructuring process started, the plan was to halt funding till the process was complete, with exceptions to small value-aligned groups of contributors that fit into the transition.
During the community call, most members agreed that the sentiment has not changed, but if there is a project that thinks they have what it takes to receive funding by being value-aligned, it can be brought forward and if it passes necessary requirements, it will make it to Snapshot for the community to decide. However, projects that might get funding right now are those directly contributing to the transition.
That will be all for this week folks. Do check out the community’s Forum, share your thoughts, join meetings, and participate in discussions. Your opinion is highly appreciated.
Have a beautiful weekend.
Thanks, Bold!
