As per the Genesis Budget Management proposal, Genesis agreed to 4 key budgetary buckets
- Product and Tech ( 70% funding ~ $28k)
- Research ( 10% funding ~ $4k)
- Ecosystem ( 15% funding ~ $6k)
- Other ( 5% funding ~ $2k)
But the Actual Budget in Nov was:
- Product and Tech ( 59% funding ~ $23.2k)
- Signal Scheme “Curation of the DAO Header”
- dOrg Recurring Proposal - November (2/6)
- Research ( 6.5% funding ~ $2.6k)
- DAO Legal blog posts proposal
- Extra work: DAO Landscape research
- Ecosystem ( 44% funding ~ $17.5k)
- DAO Meetup in Barcelona (Nov 2019)
- !! Create alternative onboarding methods !!
- DAO #Blockathon China Funding Request
- Completion Reward Proposal: Onboarding Onboarding Report
- Bootstrap Funding for the FestDAO
- Funding for Felipe’s FestDAO extra efforts
While the Ecosystem bucket includes activities such as brand awareness, Explaining the concept of DAOs, help onboard developers,on boarding documentation, education, marketing, developer events. In practice we have spent the 20% of Nov funding just on FestDAO. Then, over-run the Ecosystem budget by another 24% ~$9k in funding other DAO meetup and the on-boarding guide work.
Firstly, it is important that Genesis community respect the ‘soft-governance’ proposal passed earlier and in order to catch up with the DAO debt if we have to be selective on proposal then we should down-vote the upcoming fest DAO funding rather than the dev work (Alchemy Moon).
Secondly, it is important to understand that a lot of Dev proposals by default are of higher cost given the time commitment and expertise required and the value offered by work i.e. an app once developed will be used for months by various users vs an event. It is also necessary to note that while it is easy to split Ecosystem proposals by asking funding for each meetup individually, it might not make sense to the same for various development work eg. Once Mark starts working on Alchemy Moon it is all or nothing … A half finished app won’t provide any value.
Lastly, I want to bring attention to the requirement for having reputation cap. In Alchemy Moon proposal we saw how 13 votes (which had some members with pretty high rep) were about able to switch the result against the other 20.