[AGIP20] Creating the DAO Treasury Taask Force

Author: Dr Wagmi#6629 GotchiID: 16635 Quorum requirement: 20% (9M) Vote duration: 7 days XP Reward: 20 XP for each Aavegotchi in the voter’s wallet Discourse Thread: https://dao.aavegotchi.com/t/establish-the-dao-treasury-taask-force/2460

We propose the creation of the DAO Treasury Taask Force (DTF). This committee will initially be composed of 8 members with reassessment of membership by the DAO within 6 months.

As of 12/07/2021, the DAO Treasury (https://aavegotchi.com/treasury) boasts nearly ~$11,408,400 worth of DAI and GHST. In its initial form, the committee will form proposals for consideration by the DAO which will subsequently be voted on and, if passed, enacted.

Proposed Mission Statement The Aavegotchi DAO Treasury Taask Force is a dynamic committee assigned with making DAO treasury management proposals to the community and DAO for consideration. The initial mission and goals of the committee will be: 1) Grow and optimize the DAO treasury with an emphasis on safety, security and transparency; 2) Partner with Pixelcraft to assist in developing and identifying tools and infrastructure for ongoing DAO Treasury management; and 3) Foster and encourage growth of the overall Aavegotchi community by increasing awareness, actively promoting adoption, and maintaining current user engagement.

Initial Funding After lengthy discussions with the task force, the community, and with coderdan, the DTF would like to request an initial 50,000 GHST budget. The 50,000 GHST budget would be transferred from the DAO Treasury to the 8 multi-signature Gnosis Safe. This budget will greatly expand the flexibility of the DAO in incentivizing and rewarding engaged community members, developers, creatives, and overall contributors. This budget will never be used to reward members of the DTF. The DTF’s core main initiative will be to form a proposal for overall use of the DAO Treasury by investing some of the $10 million DAI/GHST in yield bearing opportunities. With effective deployment of the DAO Treasury, even modest returns would more than pay for the DTF budget request. The DTF will ensure comprehensive accounting and provide community facing documentation to ensure transparency. Some potential uses for the budget include the following:

Reward community engagement and aarcade play Reward game developers and designers Reward community application developers Reward and acknowledge community art contributions Reward, acknowledge and grow content creators and general marketing efforts Expand Aavegotchi and GHST’s opportunities for decentralized financial applications

The DTF is developing a structured plan and multiple potential pilot projects to best utilize these funds. We will work to develop tools to allow maximum transparency into the budget use. Expenses within this 50,000 GHST budget would not require a DAO approval in order to maximize nimble use of the funds. Any further budget requests beyond the initial 50,000 GHST would require a DAO vote.

The initial 8 members of the DTF BowtiedNerd Mori letsgobankless Addison Deucehearts BackfireCapital Swappi Dr Wagmi

We appreciate the Aavegotchi community’s support and look forward to our first proposal.

Option 1: Yes, with 50k GHST budget Option 2: Yes, without 50k GHST budget Option 3: No, do not create the DTF