[BIP-22] Fund Balancer Grants for Q3

Please see Balancer's forum for the full text - https://forum.balancer.fi/t/bip-22-fund-balancer-grants-for-q3/3350

Length of Engagement and Budget breakdown

This budget contains all costs for the full operations of the Balancer Grants DAO for the period July 1st, 2022 till September 31st, 2022

At the end of this cycle (September 31st), any unallocated resources will be sent back to the Balancer Treasury or kept to offset the next epoch budget request. A new proposal for the next cycle will be submitted at the end of this cycle.

Due to the inconsistent nature of grants and the associated workload, grants team members will self-assess their level of contribution against defined Tiers each month to determine their compensation which is reviewed by the grants co-leads and committee.

Tiers are:

Committee Lead / Major Contribution - $5,000 USD - as per Low Contributor, significant administration of grants docs, prepare and present monthly reports/community calls, wave round up, grantee announcements, budget preparation and SP proposals..

High Level Contributor - $3,500 USD - as per Low Contributor plus mentor 5+ low assistance grantees or 3+ high assistance grantees.

Medium Level Contributor - $2,500 USD - as per Low Contributor plus mentor 2-3 low assistance grantees or 1-2 high assistance grantees.

Low Level Contributor - $1,250 USD - contribute to weekly grants meeting, follow up call for 1-2 grant applications, mentor at least 1 grantee with low level assistance required (generally self-sufficient grantee with no major coordination with BLabs).

Name	Amount in BAL/USD	Description
Q3 Grants	100k BAL ($400k USD @ $4.00 USD/BAL)	To be rewarded to grantees based on milestones following the full Grants review process. For sub $5k USD contributions a light review process will be utilized.
2 Grant co-lead	$5k x 2 x 3 = $30k USDC	The Grants Lead role is split between 2 co-leads. Roles takes ownership of the establishment and operations of the Balancer Grant processes. The co-leads are responsible for coordinating with Committee Members, scheduling and hosting meetings, maintaining Medium and Notion pages and leading the post grants report.
4 committee members	$2.5k average x 4 x 3 months = $30k USDC	Commit to supporting & reviewing up to 10 hours a week and mentoring up to 5 hours a week
Other Program Expenses	1500 BAL	Any other program expenses that may be required for the smooth execution of the grants program. This may include (but is not limited to) to design, media, PR, research, legal, gas fees or any other specialized functions outside the skillset of the committee
Total Budget request for quarter	101,500 BAL + $60k USDC

Service Provider Pledge

The Grant DAO service provider agrees to operate under the existing Balancer DAO’s Code of Conduct, as listed here https://www.notion.so/balancergrants/Code-of-Conduct-fef15e2ed1f5453f8bd56f338c70bb88

The Grant DAO service also pledges to be held accountable by the Balancer Token Holder in accordance with the Balancer DAO Accountability Guidelines https://www.notion.so/balancergrants/Accountability-Guidelines-229d93372403415688f8d3dc4cb964b1. This will include the Grant’s Committee:

• Holding an open community call monthly and keeping a recording available for 3 months
• Developing a monthly report detailing key objective progress which is posted to the Balancer Forum
• Attending the internal monthly DAO meeting (mandatory attendance by a least 1 representative)

ETH Address to Receive Funds

Based on this proposal being votes in, the Grants Committee would request the total budget allocation be sent to:

0xE2c91f3409Ad6d8cE3a2E2eb330790398CB23597

This address is the Grant’s DAO primary multisig.