OrangeDAO

This proposal contains several tables. To view the tables, please open the Google doc: https://docs.google.com/document/d/16qt6V3fM_WrZzcXUcSPWp9zJJsrKCl6OuyRjcnYQFHU/edit#heading=h.ddfcrao9n93f

Goal: Provide 500,000 $ORANGE to LFG team for developing the platform, and create a pool of 1,000,000 $ORANGE for future contributors (largely after season 0) that hit specific KPI targets

Single Point of Contact: chumbalaya#5565

Sponsors: chumbalaya#5565 🐬 praful.eth 🐶 🍊#9096 voska#6015 chingularity#8979

Description: The LFG app is a fantasy investment game that allows Orange DAO members to place fantasy bets on startups. This game rewards successful investors with a reputation score and provides a signal to our sister fund (Orange Fund) to optimize dealflow.

LFG allows players to bet on pre-YC startups ahead of each YC batch, where each batch corresponds to a season within the game and Orange DAO more broadly. These bets are made with the $LFG token - 100 of which can be claimed by any YC gem holder each season. Once a startup has verified they have been accepted to YC, this bet is considered successful

Benefits: LFG will not only build engagement within the DAO and provide signal to Orange Fund, but it will also serve as a platform OrangeDAO can spin off to other DAOs as we build out Orange Pro

Success Metrics: KPIs before proposal: LFG contributors not rewarded for efforts LFG MVP live No KPI pools set up for LFG KPIs after proposal: LFG contributors rewarded for efforts KPI pools set up for future improvement to LFG Success Confidence: (If this proposal was executed 100 times, how many times will it meet its goal?) 90%

Duration: Start: Season 0 End: Season 3 (at which point KPI pools should be updated)

Team On Core vs. Contributor vs. Reviewer: split is 70/25/5 of total reward for the category, then evenly split among members

Stage Core Contributor/Reviewer Split Deliverables Initial Ideation

chingularity, huh.eth, iamdonho, oparrott.eth Eliam.eth, jomessi, krel.eth, voska 1/10 10/14/21 Call Notes 10/21/21 Call Notes 10/31/21 Call Notes Product Spec & Design voska, chingularity, krel.eth Ax, Abhilash Inumella#0203, huh.eth, cryptpalsingh 4/10 Product Spec Tech Spec Design Front-end Development chums.sol Coop, hittingkeys, edward, mrmemes.eth 2/10 Site Github Back-end Development mrmemes.eth Lebek, sayangel 2/10 LFGToken Contract LFGGame Contract LFGStartup Contract LFGRecommendation Contract Github Project Management Chingularity, voska

1/10 Discord Proposal chums.sol, voska

1,000 $ORANGE (500 ea) Proposal

Additional improvements / KPIs Goals that promote app usage Goals that improve the app Goals that improve smart contract

Goal Deadline $ORANGE How distributed? 1 Leaderboard view __ Turn the “Browse Startups” into the “Leaderboard” view. See Figma for more details Season 1 deploy 1,000 Confirmed in #lfg-game via PR 2 Improve registering UI/ UX — Currently the right side of the page does nothing (it may be removed). It should do something (e.g., render a link to the NFT for the registered startup) Season 1 deploy 1,000 Confirmed in #lfg-game via PR 3 “My Bets” view — Shows a user’s bets, see Figma for more details Season 1 deploy 1,000 Confirmed in #lfg-game via PR 4 Fix in-season front end bugs Duration of each season 0 - 3 Priority: Low - 100 Medium - 200 High - 500 Critical - 1000 ½ Member(s) who finds bug and gets issue accepted ½ Member(s) who fixes bug and gets PR accepted — Scope determined by core team. Very high bar for critical (e.g., app is broken & fix is difficult & getting back online is time sensitive) 5 Updating front end with new features Season 3 Impact: Low - 100 Medium - 250 High - 1000 Member(s) who updates contract and gets PR accepted — Scope determined by core team 6 Fix in-season contract bugs Duration of each season Priority: Low - 100 Medium - 200 High - 500 Critical - 1000 ½ Member(s) who finds bug and gets issue accepted ½ Member(s) who fixes bug and gets PR accepted — Scope determined by core team. Very high bar for critical (e.g., app is broken & fix is difficult & getting back online is time sensitive) 7 Updating contract with new features Indefinitely Impact: Low - 100 Medium - 500 High - 1000 Member(s) who updates contract and gets PR accepted — Scope determined by core team. 8 First better on the first ~20 startups Season 1-3 start Each player: 100 Validated using data in LFGStartup 9 First 10 players to bet all their LFG Season 1-3 Each player: 100 Validated using data in LFGGame 10 First 10 players to claim their LFG Season 1-3 Each player: 100 Validated using data in LFGGame 11 Building and executing growth initiatives Seasons 0 - 3 Impact Low - 250 Medium - 500 High - 1000 Member(s) who build & execute growth initiative — Scope determined by core team & TreCom 12 Season winners Beginning each season, seasons 1-4 1st: 2500 2nd: 1000 3rd: 500 Validated using data in LFGGame

Note that the Dework board for LFG can be found here (Orange gem required). Contact chums.sol or mrmemes.eth for access. Some specific tasks are left here as we migrate over dework to avoid any data loss

Tokens Requested: (Treasury control) $ORANGE Total: 1.5M For team: 501K For KPI rewards: 1M (250k tokens allocated for each season 0-3, unclaimed tokens are not rolled over to the next season budget) $ETH Total: 0.05 For Expenses: 0.05 $MATIC Total: 10 For Relayer Wallet $USD for software Vercel hosting - $40/mo * 5 mo (Feb - end of Season 0) = $200

Token Distribution: (Sponsors’ control) Calculating individual payouts: spreadsheet available here $ORANGE for proposal Chums.sol - 500 Voska - 500 $ORANGE for project Abhilash 3,724 Ax 3,724 chingularity 82,309 chums.sol 78,212 coop 9,311 Cryptpalsingh 3,724 edward 5,587 eliam.eth 931 hittingkeys 9,311 huh.eth 24,581 iamdonho 10,615 jomessi 931 krel.eth 53,073 lebek 27,933 mrmemes.eth 87,523 oparott.eth 10,615 sayangel 5,587 voska 82,309

$ETH Pay for swap fees: 0:05. If less, will be returned to DAO.

RISKS: (Open to All Members) chums.sol Strong investment signal from players won’t be statistically significant for some number of seasons, limiting near term mission to help Orange Fund

COUNTERPOINTS: (Open to All Members) chums.sol We have other missions for this software - e.g., DAO engagement, productizing for other DAOs - that can be our core focus while we gather data in early seasons

ADMIN: FOR TREASURY: Transactions Upon Passing: Send 10 $ORANGE From: 0xXXXXXXXXXXXXXXXX (Treasury Gnosis Multisig) To: 0xXXXXXXXXXXXXXXXX ([Name1]’s wallet) Send 0.05 $ETH From: 0xXXXXXXXXXXXXXXXX (Treasury Gnosis Multisig) To: 0xXXXXXXXXXXXXXXXX ([Name1]’s wallet)