Authors: 0xLucas#3124, Kouros#2107, Above Average Joe#5427, Grendel#3875, Icedcool#4947, nonsensetwice#3475, montgomery#8177 Date Created: September 25th, 2021

SUMMARY

To compensate members of the Grants Committee for Season 1 and 2

BACKGROUND

In Season 1, contributors across BanklessDAO are being compensated for their work and efforts. However, the Grant Committee members are still not compensated for their input. This proposal seeks to change this, so the GC members are in line with other contributors in the DAO.

MOTIVATION

The members of the Grants Committee carry out their role with extreme respect for the decisions made by the members of the DAO and with a sense of responsibility towards the consequences that the decisions taken may have on the whole DAO both in the immediate present and in the future.

The role therefore includes different types of commitment:

• Study of the projects
• Evaluation of the pros and cons that the rest of the DAO can indicate
• Decision on the submitted proposals

The Grants Committee has then the important task of distributing funds to projects that will have a positive impact in the overall performance of the DAO. It is for this reason that the members of this committee are kept engaged, committed and appropriately compensated to perform their tasks.

SPECIFICATION

The Grants Committee is looking for a compensation of 800,000 BANK for Season 1 and Season 2. This is 400,000 BANK per season and it is calculated as per the table below:

• Grants Committee Review (5 members) at 50,000 BANK = 250,000 BANK
• Grants Committee Leads (2 members) at 75,000 BANK = 150,000 BANK
• Total BANK = 800,000 BANK

Payments

Payment will be distributed at the end of each season in lump sum.

CONCLUSION

During the current Season 1 it was decided to assign a certain amount of BANK tokens to members who covered a role in the guilds or in some projects, while failing to define the same for the Grant Committee. This compensation proposal for the members of the Grants Committee aims to resolve the current lack of assimilation of a committee member to a role played in the DAO.