Yam

TLDR:

• Startup Yam Silo - Yambassadors
• Allocate 80k towards first grant
• Nominate Snake as Yam’s first Yambassador.
• Delegate 500 UMA to Snake to participate in UMA governance/ DVM.

Silo Mission: As the Yam treasury grows both in value and assets, some of the assets may hold governance/voting/ staking rights. Yambassadors will be a silo that focuses on standardizing how Yammers participate in the governance of those protocols.

Grant Milestones:

• Create a proposal contract that allows governance to interact with UMA’s DesignatedVotingFactory and create a new DesignatedVoting contract with governance as owner and me as the initial ambassador. Transfer 500 UMA from treasury to the voting contract.
• Have the core/infrastructure team review the contract.
• Deploy proposal contract on Ethereum.
• Propose the contract to on-chain governance, queue and execute.
• Participate in at least 1 UMA optimistic oracle vote or dispute.
• Write a report on said vote and the implications if any to the DAO.
• Propose governance call to return UMA tokens back to the treasury.

For more details follow the discussion in the forum post below.