What if DXdao allocated a small amount of targeted slush funds to a handful of community members (“Initiators”). These Initiators would have sole discretion to spend these funds on whatever they choose over the next two months towards seeking value creation to DXdao. At conclusion, each Initiator would provide a report with the details and results from funds spent. The community would vote on the performances of each Initiator to determine who the best spender of funds was. The winner receives additional funds to spend the next two month period and the other Initiators are replaced by new people, and the competition starts again.
- An experiment
- Fast moving
- Leveraging competition
- Seeking optimization
- A learning experience
- Identifies change makers
Underlying belief to test: Really good Initiators that can act very quickly on their own choice can be very impactful to a larger, slower-moving decentralized collective.
Evaluation of Experiment: At the end of the two month period, we will judge how the Initiators performed and how the experiment went overall. What did DXdao get out of it?
Details to implement:
- Seek out 5 Initiators from the DXdao community. Ideally, there is a diverse mix. For example, a core contributor, a core community member, a core product user, a core partner or a mix.
- We could gather up all those who want to be Round 1 Initiators and then randomly select 5 from the bunch.
- Execute on-chain proposal to send each Initiator $2,000 xDai from xDXdao.
Total cost to DXdao is $10,000
My guess is that most of the money would be spent via bounty-like tasks. Getting more people paid by DXdao funds will likely attract some of those people into the ecosystem.
I think this experiment could also help us discover new innovative ways to drive value to DXdao.
This initiative helps overcome one problem-child of DAOs - small, smart ideas lose steam quickly and often because they are not worth putting through the “DAO process”. InitiativeDAO solves this.
We have also thought about a few different ways to structure this initiative, but I believe this structure would be the most interesting to watch.
Would love to hear any thoughts, suggestions or improvements.