Author(s): Mide, mydefi, neondaemon, PVM, TheRealTuna Status: Proposal Related Discussions:
Across Community Essentials Committee October 2023 Report
Across Community Essentials Committee November 2023 Report
Original forum post on committee formation
Summary: The Community Essentials Committee seeks renewal for the Q1-2024 quarter. This committee has focused on growing and engaging the DAO community through initiatives such as onboarding, events, social media, campaigns and partnerships. We will continue to work towards the goals of the Across DAO and with the foundation we’ve created in this initial first quarter we should be able to make great strides in the growth of the Across DAO. This forum post has been simplified for the renewal and more information about our committee can be found in our original formation proposal linked above.
Motivation: The community Essentials committee achieved a lot in our first quarter and now that we have a quarter behind us we will be even better equipped to assess our achievements and ensure we are doing the best job possible to grow the DAO and give opportunity to the Across community.
Achievements in Q4-2023
Highlights
Committee Responsibilities
Here is an outline of the ongoing responsibilities and roles that each committee member has taken on. They will continue in the same capacity in the next quarter.
Mide
mydefi
neondaemon
PVM
TheRealTuna
Infinity
Smarty
Goals for Q1-2024
Specific Goals and Timeline
| Goal | Timeline | Committee Members |
|---|---|---|
| Management of Across Integrations Bounty Programme | Ongoing | PVM, TheRealTuna, mydefi |
| Discord Management | Ongoing | All |
| Discord Engagement | Increase Activity by end of Q1 2024 | All |
| Twitter Engagement | Increase Activity by end of Q1 2024 | All |
| Implement Wonderverse collaboration for onboarding | End of January 2024 | Mide |
| Complete version 1 of the Across DAO handbook | End of Q1 | neondaemon |
| Publish the CEC notion site | End of Q1 | Mide, Infinity |
| Initiate and complete a creative marketing campaign | End of Q1 | Mide |
| Assist in the formation of the Across Treasury Committee | End of Q1 | TheRealTuna, neondaemon |
Specification & Implementation: Upon approval, our budget will be transferred from the DAO to our Ethereum safe. We will then self manage our compensation and events budget. This proposal will also transfer $10,000 USD worth of ACX tokens to cover the Q4-2023 performance bonus as listed in the Across DAO governance operating manual.
Compensation Compensating solely in protocol tokens poses a risk due to their volatile nature, potentially resulting in individuals being significantly underpaid if token prices rise on the snapshot date and plummet later on. To mitigate this, we recommend future committees utilize a 90-day average derived from Coingecko's closing prices to determine the budget's rate. This average should be calculated on the date the snapshot vote is posted. Specifically, for the Community Essentials Committee's Q1-2024 renewal, leveraging a 90-day average would be opportune considering recent price surges. However, to mitigate treasury costs, a 60-day average will be applied in this instance.
From Across Governance Operating Manual
Upon approval, a committee will receive a base level of rewards in the amount of $10k equivalent in $ACX. This amount is meant to last for a 3-month period. It is up to each committee to determine the distribution of these tokens, the details of which must be included in the snapshot vote. This should include wallet addresses and amounts for each committee member.
At the end of each quarter of service, a committee will be given an additional $10k equivalent in $ACX, except in the case of a committee being removed from service by tokenholders during that quarter, in which case there will be no additional rewards. The distribution of these funds will be determined by the committee members by way of a peer review score.
This is to be paid out by the Across DAO Treasury. We will continue to use our 3 of 5 Gnosis multi-sig to bridge our budget from Ethereum to Optimism and stream compensation via our Llamapay account. Events budget will be paid out on a monthly basis and has been increased from $500 USD per month to $750 USD per month to be awarded to community members. Committee members will split compensation equally, while events manager and front desk operative have a fixed monthly income detailed below. For exceptional work in the Discord server we have increased the monthly compensation for the events manager(from $500 to $600) and the Front desk operative(from $300 to $350) positions. We will also move forward with only 1 front desk operative instead of the 2 listed in our formation proposal.
As previously mentioned we will be using a 60 day average based on the Coingecko closing price historical data. This average will be calculated on the date that we move our renewal vote to snapshot. In future, we will use a 90 day average.
Monthly budget breakdown Across Governance Operating Manual
Committees may manage a small amount of capital to meet the needs of their operational purpose. If applicable, include information about the address that is intended to be used for operational funds. This budget does not include committee compensation. Committees will receive their budgeted funds at the start of each month from the Across DAO Treasury. Whenever possible, this amount should be limited to 1 month of operating expenses at a time.
Monthly Budget Breakdown (unless specified will be paid in ACX tokens)
Monthly Total = $2007
Quarterly Total= $6021
ACX Requested Please note this is an amended proposal as there was a miscalculation made in the previous (now deleted) proposal. Here are the corrected numbers: ACX closing price (02 Jan 24): $0.1446 60 Day average: 0.1204
Bonus Calculation: $10,000 USD / 0.1446 = 69,156 ACX Next Quarter Calculation: $16,021 / 0.1204 = 133,064 ACX Total Budget Request for Snapshot = 202,220 ACX
Rationale Having a dedicated committee focused solely on community building is more effective than ad-hoc efforts or trying to manage it alongside other responsibilities. The CEC in the last 3 months has shown individually and as a team that they can deliver outstanding results as demonstrated above.
Community building initiatives such as exploring collaboration with Wondervese will be at the core of CEC activities. They will continue to innovate introducing new events, games and quizzes. The team’s diverse set of skills and perspectives have enabled them to handle the complex and nuanced work of community management.
The CEC with its mix of backgrounds and roles (marketing, partnerships, moderation, events, education, development etc.) meant that they were able to execute events such as the ACX party. They look forward to implementing the Community Integration Bounty system which will increase engagement as well as bringing rewards to DAO members.
Overall, the CEC will be laser-focused on growing and engaging the Across community. This will drive participation and activity in the DAO, build valuable social capital, and ultimately attract more talent and contributions to the protocol. With robust community support, Across is better positioned to deliver on its ambitious technical roadmap and business objectives.
Potential Downsides
Mitigation of risks