Phase 1 introduced the concept of defining a budget framework according to which the DAO members can come up with ideas and proposal request for budget. This budget framework is set based on a longer term thinking of what are the main buckets that need to be funded to serve the DAO strategy and mission.
It was clear that beyond agreeing to the soft consensus of how the DAO wants to allocate it’s budget, there is also a need to have a process to facilitate how a distributed organization can gain a holistic picture of the funding opportunities, and make an educated and calculated decision when voting for or against a proposal , based on the understanding of the trade-offs and longer term priorities and not just based on evaluating if a single proposal meets the DAO goals.
The ultimate goal is to have a system built in Alchemy that allows this capabilities, but as we saw in the recent DAO debt discussions, there is an urgent need to improve the current reality and so the purpose of this proposal is to suggest a budgeting process that will help voters gain this holistics view of budget needs and funding availability, before actually voting on-chain.
This process should be included in the DAO header using the coming signaling scheme.
The expectation is that if this proposal will pass, everyone will adopt and act accordingly, but clearly this is not perfect and members can still technically bypass this process, raise proposal and vote for proposals that do not play by this process. Even if they don’t, at least this tool allows to have a holistic view and what is the Debt / funds left based on the proposals quo, so will be an improvement to the current status quo.
The Proposal - a Cycle based budgeting and voting framework
Each month, a full month cycle of collecting ideas, discussing, proposing and voting is taking place.
The idea is that unlike today, these cycles help put an order and provide the DAO members a rhythm, a pace for when is the time to raise new ideas, when discussions take place, and when voting occurs.
This transparency will provide more time for discussion, allow people to plan ahead availability to participate in those discussions, and be ready to vote when the time comes
Phase 1 - Reset - Funding is hitting Genesis. New Tab is created with the overall available budget input. If Budget framework has changed, a new % split of funds is updated in that sheet
Phase 2 - Proposal submission phase - Proposal are added to a google sheets list, there all pending proposals are being aggregated in the submission phase. this phase allows the DAO to have a holistic view of the overall funding opportunities it has, and make an educated decision not only on the quality of a proposal, but also on it’s importance against other proposals , and against the treasury status and fund availability. This phase allow time for discussion, deliberation and editing of proposals
Phase 3 - Proposal submission in Alchemy
Phase 4 - Voting phase - Voters have the ability to see the full picture of what are the proposals standing, and vote not only based on if a single proposal is valid or not, but what we don’t fund if we upvote it
Phase 5 - Summary - When voting is completed and proposal are approved at the end of each month, The spreadsheet is updated with passed proposals only so we have also history of what was eventually voted
To support the above process, I have created this Gsheet, that should be used by the DAO to operationalize this process:
This is an invitation for comments, suggestions and discussion on this proposal. The plan is to raise this proposal during January 2020, so if there is an agreement to use this method, we can implement it for the month of Feb’2020.