Yam

In this application, we intend to create the YAM Re-Org Silo, as well as apply for a grant for the work we are doing on it in May, 2022.

This Silo aims to build a new framework for the YAM DAO to facilitate better transparency, accountability, and permissionless-ness. It does so by developing a new process by which projects can receive funding. It will clarify the governance process, define and limit the roles of core contributors, and provide an example structure for how funded projects can be run.

Team

The main team consists of current YAM contributors @ross, @designer, and @chilly (chilly working under another grant). Contributions from other participants during the next month’s scope of work who are not mentioned above will be noted and added to next month’s grant proposal.

All 3 of us have been working full time at YAM for the last year. We have been part of, and learned from, prior DAO work on governance, branding, and organization, and seen first hand what has worked and what has not.

Goals and Deliverables

The Goals of this silo is to upgrade the structure of YAM for the better. We have watched as the DAO has struggled to find its purpose and has struggled to retain mindshare and contributors. We believe that the causes of this are multi-faceted, including a lack of vision around the mission of the DAO, a lack of thought and investment in the core organizational infrastructure of the DAO, an inability to enforce accountability, and confusion around management of projects.

Solving these problems is a large task to undertake and measuring success will require long term tracking. The scope of this grant proposal is to design and implement the first stages of this process to show a proof of concept, as well as educate the wider community about the changes that we are making. Over the next few months, we will work on a number of different pieces and projects that will eventually come together to provide an a complete framework of the new model as well as an example of how the DAO can use this model in the future.

We have already been working on this project for the last few months and are now ready to transition our working structure to test out the new model. You can review the prior work done by visiting https://yam.super.site and https://yam-reorg-docs.super.site 1

Working under this silo, we are requesting a grant with the following deliverables that we intend to prepare by early June, 2022 are as follows:

• We will go through the full grant process over the next month. This application is the first step.

• We will further refine the work started in the links above that explains the changes, outlines the process, and provides templates and expectations for creating new grant/silo proposals.

The work done last month focused on the theory and ideological underpinnings of the changes to the DAO. This month we will focus on refining and documenting the governance structure that is required to make the DAO and grants program run smoothly including:

• Specifying and beginning to implement the Gov-Ops Council.

• Documenting the roles for different stakeholders in governance

• Begin producing in-depth documentation for different parts of the governance process as proposed.

• Further formulate and develop the secondary elements that are impacted by governance decisions (Treasury yield distribution, potential governance upgrades, etc)

• This work will be added to the DAO’s living documentation for those who wish to contribute in the future.

Success should be measured by the quality of these documents and their ability to explain the value of the changes that are being made. We expect this documentation to be the foundation for further development and improvement within the DAO.

We plan to finish and publish deliverables by early June, 2022. We expect that they may exist in a semi-finished state and will require additional work in subsequent months. The deliverables are intended to show progress to YAM token holders.

Funding Amount Requested:

Total: $15,875.00, split 70% in USDC and 30% in YAM at the 30-day TWAP price on June 1st. By Contributor:

• Ross - 30 hrs/week = 0.75 * $10,000 full time monthly rate = $7,500
• Designer - 30 hrs/week = 0.75 * $11,166 full time monthly rate = $8,375
• Chillzone - Scope of work will be folded under Yam Design Studio Silo and grant.

Work on this grant has already begun (beginning of May) so these amounts are for work done over the entire month of May, even though this proposal is coming toward the middle.

Further details and discusion in the link below: