Executable CGP 16 - Community Leader Incentivization (May, June, and July 2024)

Abstract

This proposed CGP describes the quarterly compensation of Community Leaders for the months of May, June, and July 2024. The Community Leaders of the Connext ecosystem are tasked with providing necessary support functions for the Connext community in an effort to keep community operations running and to monitor the completion of projects and tasks.

This proposal has exceeded the character limit on Snapshot. Please have a look here for the full proposal.

Motivation

After the launch of the governance token of Connext, an updated compensation structure for Community Leaders was proposed here and approved via voting on Snapshot. The proposal included funding of community initiatives for the months of February, March, and April 2024. Along with it, the responsibility of compensating contributors such as moderators and ambassadors as well as funding community initiatives was shifted into the hands of the Connext Community Leader Sub-DAO as a decentralized, community-governed entity in the ecosystem.

Rationale

Community Leaders are Core Contributors to the Connext ecosystem as per the DAO Docs and focus on the areas of community management, education, user support, and marketing. As such, Community Leaders provide essential functionalities for developing and growing the Connext ecosystem. This CGP provides Community Leaders with the funds necessary to help meaningfully grow the Connext ecosystem.

Key Terms

For an overview of the key terminology of this proposal and the mission of the Community Leaders Sub-DAO, please have a look at the original Community Leader Incentivization proposal.

Administrative Changes

The following section provides an overview of important administrative changes that were taken since the last proposal:

• The Community Leader Grraarrgghh is shifting, per his own request, to an advisory role within the Connext ecosystem and will function as an unpaid DAO partner and consultant in the future. In his new role, Grraarrgghh will remain available to the ecosystem as a signer for the Sub-DAO's multisig and other consultative services. The payment stream for Grraarrgghh was ended on April 15th, 2024. Grraarrgghh played a key role in developing the Connext ecosystem and ensuring its high level of security over the past 4 years. The fact that there has been no major security incident in the Connext Discord community since its inception speaks volumes for Grraarrgghh's expertise. The Community Leadership Team thanks Grraarrgghh in the name of the entire Connext DAO and all core contributors for the great level of dedication and his untiring services to the ecosystem throughout the years.
• The payment stream of the Community Leader TommyR8 was temporarily paused because of a planned absence. We thank TommyR8 for maintaining a high level of availability throughout his absence and for helping out despite his paused payment stream.
• The payment streams of the moderators wArz, HHUH, and Ministro del Dolar were increased to adjust for the presently increased workload caused by an increased number of support tickets and price fluctuations.
• We are evaluating the option of providing an incentive bonus to moderators who have shown exemplary dedication and commitment in one quarter.

Objectives

The following provides an overview of the objectives of the Community Leaders for the upcoming quarter:

Maintenance

Ensuring Discord server and ticketing system is continuously monitored 24/7.

• Decrease ticket response time, target: 15 minutes.
• Bi-monthly team availability planning to ensure 24/7 coverage of the Discord community and to reach target ticket response time (see below).
• Evaluate onboarding one new moderator to ensure 24/7 Discord coverage and fast ticket response times.

Maintaining and increasing server security.

• Ensure automatic filtering of bots/scams is working correctly. There’s no direct or easily obtainable measure for this, but we’ll subjectively evaluate it based on proxy indicators such as:
• Percentage of accounts manually banned vs. automatically banned.
• Total scam links that had to be manually deleted.
• Percentage of newly joined accounts automatically banned. .
• Keep number of incidents of members being hacked by scammers pretending to be support staff in Discord at zero. (Scammers need to have been a member of the Discord community).
• Ensure number of security incidents in Discord is zero (no hacks of admin accounts, no fake posts by hacked team members in the announcement channels).

Maintaining fast ticket response times. Target ticket response time: 15 minutes.

Growth

Increasing server activity. Targets:

– Maintain percentage of new members who talk on the server at 10% or higher. – Maintain percentage of new members who visit 3+ channels above the 15% benchmark. – Maintain 1 week retention of new members at 20% or higher. – Maintain message activity of members above 10 posts/member benchmark.

Driving growth of social presences. Targets

– Increase Discord server by 10,000 new members. – Increase Connext Intern X account’s followers by 30% (1.060 new followers). – Create 1 post per week with original content. – Create 1 thread per month with original content.

Driving awareness of Connext. Targets:

– Host 4 community events, for example via X spaces. – Publish 4 new videos via YouTube account of Connext. – Generate a total of 40,000 X impressions via tweets of the Connext Intern account.

Fostering regional connext communities, hosting local workshops and discussions.

Doing 6 AMAs with incentives, in the principal regions with the help of Ambassadors (Possible regions that are of interest: Japan, China, South Korea, Vietnam, Spanish-speaking.)

Ensure ambassadors host 2 community initiatives.

Expanding the resources available in Connext Academy.

– Create 5 new content pages for the Academy. – Ensure academy content is up-to-date.

Overall Costs Q2/2024 (May to July)

Administrators, moderators, and ambassadors will not receive a higher monthly compensation than their agreed monthly compensation.

Important note: At the end of each quarter, unspent tokens will be rolled over to the next quarter. The DAO can also vote to request that unspent tokens be returned. Under no circumstances will unspent tokens be distributed among Community Leaders.

Quarterly Calculation

The ask is that the Connext DAO covers the funding below:

Item	Funding (NEXT)	Description
Base Compensation	172,900	Quarterly base compensation available for CAs & Mods.
Buffer	50,000	Buffer for adjustments based on price fluctuations.
Community Treasury	200,000	Incentivized payment purse for Ambassadorship projects and events.
Community Treasury II	300,000	Updated based on new growth targets
Total Budget	422,900	Total costs
Left Over Tokens	156,302	From Q1
Total Ask	566.598	For Q2

The monthly compensation breaks down to:

• Community Administrators: $400 / week
• Community Moderators: $200 / week
• Community Ambassadors: $200 / week

The team consists of:

• 3 Community Administrators
• 4 Community Moderators
• 2 Ambassadors

Assuming the token price averages at $0.18, this results in the following numbers:

• Community Administrators: 85,700 tokens per quarter.
• Community Moderators: 58,600 tokens per quarter.
• Community Ambassadors: 28,600 tokens per quarter.
• Sum: 172,900 tokens per quarter (fixed compensation)

Fixed compensation will be revisited every month and adjusted as necessary.

Additionally, the Buffer and Community Treasury funds may be used to cover Community Leadership operational expenses (such as software licenses).

Methodology

On the first day of each month, we will calculate the tokens to be distributed, using the average closing price of the token from the previous 7 days, as listed on Coingecko.

Incentives

Tokens not used for the fixed compensation of Community Leaders, specifically the 200,000 tokens in the Community Treasury, will be used to incentivize Ambassadorship projects and events.

Total Ask

This proposal requests a quarterly budget of 422,900 tokens. In Q1/2024, a total of 156,302 tokens were not spent and are rolled over to the next quarter. This reduces the requested amount to a total of 266,598 tokens (= 422,900 - 156,302).

This proposal requests a total quarterly budget of 266.598 tokens for May to July 2024. This proposal requests a total quarterly budget of 566.598 tokens for May to July 2024.

Edit: In light of the rebrand to Everclear, we have reviewed and updated this proposal. Upon reviewing our growth goals for May, June, and July with the foundation and considering the recent rebrand, we've determined to increase the budget to help meet our goals, and have therefore updated the proposal to enable collaborating with localized partners. The new total ask is now 566.598 tokens (previously 266.598).