Gitcoin

This is an AMENDED renewal proposal for the Fraud Detection & Defense workstream requesting budgetary funds for Season 14 (1 May 2022 through 31 July 2022). [Last amendment made Thursday, May 26th. Discussion period ends and proposal will be moved to snapshot on Tuesday, May 31st.

FDD is looking for the community to decide on funding and at what level. This proposal is a request to fund Season 14 (S14) and replenish its reserves for S15 (60 days calculated as ⅔ the approved Season 14 budget. Amounts listed below on each option are the season 14 budget request without reserves).

HOW VOTING WILL WORK

Select the option that you think FDD should be funded based on the initiatives below. A vote for option 1 would count towards each lower funding option until one is selected.

For example

option 1 has 1 million votes (Not enough) option 2 has 1 million votes (Counted as 2 million votes including option 1 - still not enough) option 3 has 1.5 million votes (Counted as 3.5 million votes including 1 & 2 - This passes) option 4 has 2.5 million votes (Enough to pass on its own, but the higher level is passed)

VOTING OPTIONS

OPTION 1 - Fund FDD request $390,000 season 14 budget (40% reduction from original request)

OPTION 2 - Fund FDD $330,000 and signal they should not perform a discovery 4 of a sybil detection / Passport DAO (49% reduction from original request)

OPTION 3 - Fund FDD $200,000 to continue round operations but not support innovation or round to round improvements. (69% reduction from Season 13)

OPTION 4 - Do Not Fund FDD (100% reduction from Season 13)

OPTION 5 - Abstain

TLDR

We have participated in governance and lowered our budget request to provide a lean FDD working to make grants 2.0 transition a success. The full funding request includes the original 40% reduction requested. We encourage stewards to fully fund FDD with option 1.

Option 1 & 2 are fundamental differences on the timing or need to launch a sybil detection DAO that focuses on Passport adoption and utility. Ideally, GitcoinDAO would own 20-50% stake and have a 10% aqueduct commitment.

Option 3 is a vote against the current team or roadmap for FDD. It is a signal that you do not believe funds are or will be used effectively, but know that GR14 requires some level of fraud detection & defense work.

Option 4 is a vote against FDD existing.

High Level Budget Breakdown

Season 14 Budget Total = $x*

PLUS Season 15 Reserves = (x*1.6777)

Total Needed = $x + (x*1.6777)

MINUS Current Reserves = TBD* (110k GTC or approximately $254k)

Total GTC Amount requested at this time = TBD*

*The total will be adjusted based on the current market value at the time this proposal is moved to Tally. The vote will be to send $USD value in GTC at the current spot price when moved to Tally or the 20 day moving average (whichever is lower).