Funding Referral Fees for Contributors and 103 Alumni

SUMMARY: In order to drive sustainable operations in the DAO, the Funding Referral System will be used to propel Contributors and 103 Alumni to actively bring in more funding opportunities, and to be rewarded for their efforts. Both the Referral and the Fulfillment of the funding opportunities will be rewarded a fee dependent on the amount granted and with corresponding reward percentages in the Reward Matrix (below).

Contributors and 103 Alumni can refer new funding opportunities to the DAO and be eligible for the Referral Fee, while only DAO Contributors are eligible to fulfill the end-to-end process and claim the Fulfillment Team Fee.

DETAILS: Contributors are encouraged to bring funding opportunities to the DAO. There will be a reward for the Contributors who refer opportunities that are not yet in the pipeline for application, and for those who fulfill the grant to approval.

A Tiering system is made to determine the percentage of the Contributors fee that will be given as a reward to bringing funding to the DAO.

103 Alumni are also allowed to refer funding opportunities to the DAO for the Contributor team to work on. Should these opportunities be successfully granted, 103 Alumni are eligible to claim the Referral Fee Rate based on the reference matrix.

The Tier of which the Percentages will apply will be determined by the Funding Amount. The Rates of the Tier with the closest Max Amount that is not over the Funding Amount will be used, while the balance over the Max Amount will apply the rates of the next tier.

Scenario A. Funding Amount of $2,500. Rates to be used will be those of Tier 1 & 2. Contributor Fee = ($1000)(30%) + ($1,500)(10%) = $450. We use $1,500 as it's the spill over of the $2,500 less that $1,000 Scenario B. Funding Amount of $50,000. Rates to be used will be Tier 5. Contributor Fee = ($50,000)(5%) = $2,500. Scenario C. Funding Amount of $300,000. Rates to be used will be Tier 7 & 8. Contributor Fee will be ($250,000)(3%) + ($50,000)*(2%) = $8,500. We use $50,000 as it's the spill over of the $300,000 less $250,000

For easier viewing, see this document: https://docs.google.com/spreadsheets/d/1sLAneRl5WWAV5K8YnlzRw2CH8MYNPEr6rq7ovhFoOh8/edit#gid=0

SCOPE OF WORK PER ROLE

Referral Only - eligible to 103 Alumni and Contributors

• Refer a funding opportunity to the DAO
• Date of referring should be before any sort of submission deadlines + 1 week
• Funding opportunity should not have been in the pipeline of opportunities already being worked on

Fulfillment Team - eligible to Contributors

• Research eligibility requirements for opportunity
• Research process and timelines for opportunity
• Contribute in drafting up of proposal/submission
• Ensure timelines and submissions are met
• Can apply to a person or a team. Split of the fee should be agreed upon by the Fulfillment team

The scope of this proposal covers only the process of bringing funding to the DAO, and excludes the actual fulfillment of what is being proposed in the application, if applicable. The execution of any required work will be done by the necessary Contributors and will be budgeted for accordingly with the funds received.

REFERENCE LINKS: Funding Referral System Matrix: https://docs.google.com/spreadsheets/d/1sLAneRl5WWAV5K8YnlzRw2CH8MYNPEr6rq7ovhFoOh8/edit#gid=0