Bankless DAO

Author: @daolexa Squad: Grants Committee

SUMMARY:

In view of the recent changes and the extended duration of the season, the Grants Committee is seeking additional funding to cover contributors’ compensation related to the tasks that will be undertaken by the Committee members. We are asking to approve additional weekly funding for the Grants Committee members.

BACKGROUND:

The mandate of the Grants Committee (as stated in the Constitution):

The Grants Committee is required to be transparent and communicative with the DAO, such as access to Committee meetings and an opportunity to voice opinions and feedback. Seasonal funding is distributed to Guilds and Departments paid from DAO Multisig, and Projects are paid from GC Multisig after the funding approval has been granted. Before new seasons begin, all previously funded guilds, departments and projects must submit a funding proposal to the forum for the Grants Committee to review. Funding proposals that pass the Grants Committee review process are packaged together in a single seasonal budget Snapshot vote. Organizational units seeking funding over the course of a season will be directed to the Grants Committee upon successfully passing their Forum proposal. The Grants Committee is responsible to evaluate these requests and has the liberty to accept or reject these requests for funds. Organizational units seeking funding over the course of a season will be directed to the Grants Committee upon successfully passing their Forum proposal. The Grants Committee is responsible to evaluate these requests and has the liberty to accept or reject these requests for funds. During the last weeks of Season 7, the Committee had to address internal matters and underwent a change in its membership. As a result, the request for additional funding was not considered a priority at that time.

GOALS FOR SEASON 8:

The Grants Committee acknowledges the previous communication and other issues that have arisen between the Committee and other Guilds. Therefore, we are fully dedicated to finding solutions and improving communication with Guilds and projects. Additionally, we aim to establish streamlined processes that will enhance the efficiency of our work and funding procedures.

Moving forward, the GC will maintain its weekly meetings with projects every Friday at 1 PM UTC. We will also keep the DAO updated on any internal changes and modifications to our processes.

FUNDING REQUEST:

Additional funding requested is:

Each member: 3,846 $BANK/week Leads: 6,250 $BANK/week