[Temperature Check] Council Payments

Proposal Discussion
1

[Temperature Check] Council Payments

The Grant Council’s 6 month term has concluded and will be followed by the conclusion of the Liquidity Council’s term. The DAO should now determine the next course of action for these entities.

Background

As the Blockswap DAO continues to decentralize, empowering community members is a clear path forward for growth. With active members, it will be easier for the DAO to move forward. Encouraging positive behavior should be a priority for all DAO members. In this way, those taking a passive role can encourage the rewards of those taking an active role through distributions of the BSN token.

Payment

BSN distributions should be seen as the community signaling what is healthy and beneficial for the DAO. As this is the first round of council distributions this is a good time to reassess any changes to the council’s operations. Although all payments are there, it could be more beneficial to audit each member’s contributions for alignment and engagement. This will bring verifiability and transparency to the council’s work.

Current Council members should put up proposals on Snapshot briefly outlining their contributions to each council and their desired BSN allocation. If approved the council can distribute from their respective SAFE multisig wallet.

Initial Proposals

Term End

  • Grant Council - December 6, 2023
  • Liquidity Council - February 6, 2024

Max Payouts

  • Grant Council - 3,000,000 BSN allotted for all council members (4 members total)
  • Liquidity Council - 500,000 BSN per person + up to 75k per action (6 members total)

Items to include in the snapshot vote

  • Council they are on
  • List of contributions w/ links when appropriate
  • Description of work
  • Total BSN they would like to receive
  • If they would like to continue being on the council or not

Deadline for Proposals

  • One month after the completion of the term.

Future payouts after the initial period should be reviewed similarly with council members sharing what they have done with the community for them to approve distributions. Members may also find it helpful to put up a temperature check before a Snapshot vote to determine community feedback.

Continuity

To maintain continuity, members with accepted proposals for payment stating a desire to continue sitting on the council should be able to maintain their position. This will keep the community engaged and up to date with who is sitting on the councils. It also confirms the alignment between the work of the council members and BSN distributions.

3 Likes
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There has been little to no activity at all. No measurable results that can be seen. The basic task of keeping the protocol operating normally to draw in users is not done. Example, the LST Optimizer is a great feature and BSN farming is a great incentive to draw in users yet it has ended with no update on continuation. Isn’t this a form of liquidity incentive?

I am glad some folks raised their hands. Better than none I guess. We need some real good folks behind this and I am happy to vote to pay any amount.

2 Likes
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Agree 100% @Cryptolife.

I believe we need each Council to set priorities, key objectives for each quarter, and assign members to focus on each objective. I plan to work on priorities for the Grants Council and to share once we’ve met as a team.

Please reach out if you’re on or interested to be on the Grants Council.

It’s time to hunt new community participants and to get all the support we can from the current community to grow ahead of the next bull market and growing demand for trustless Ethereum infrastructure. LFG

4 Likes