Bankless DAO

Title: BanklessDAO Season 4 Specification Authors: Rowan, J. Berg, 3DHippy, Above Average Joe, 0xLucas Date: April 8th 2022 Forum proposal: Draft 1

SUMMARY

This proposal introduces a specification for Bankless DAO Season 4. If this proposal passes Snapshot, the following details will fall into place:

• Season 4 will start on Monday, May 2, 2022
• Season 4 will end on Friday, July 29th, 2022
• Formal gap week will be on the week of August 1st, 2022.
• Season 4 will not include a cap on Project and Guild funding, though the Grants Committee will review budgets
• In Season 4, BanklessDAO will start supporting Gelato Vaults BANK/ETH liquidity ERC20 tokens for membership access
• Projects will have access to flexible funding
• Flexible Guild and Project budgets will be subject to increased accountability constraints
• Guild and Project budgets greater than 100,000 BANK will be requested to use KPIs, milestones, and reporting
• Projects funded through the Grants Committee will be subject to increased accountability requirements
• The Governance Solutions Engineering Team (GSET) will have the flexibility to modify the Seasonal Specification throughout the Season
• 11.5M $BANK allocated for the Grants Committee. 7M for inter-season funding and 4.5M for contributor rewards (Please note this is a correction to an error in the specification where it says the allocation for contributors rewards is 4M. However, it is 1.5M each month so the total is 4.5M)
• Grants Committee compensation: 400K BANK
• Ombuds Compensation: 222,000 BANK

SPECIFICATION

You can read the full specification here.