Partnership & Mutual Grant with Gitcoin

Title: Partnership & Mutual Grant with Gitcoin Authors: kempsterrrr, dabit3, willblackburn, marc, Erik_Knobl Created Date: December 15, 2021

Summary

This proposal, if passed, would issue 5% of the Developer DAO Governance token (when live) in exchange for 50,000 GTC. The purpose of this alliance is to help ensure that Gitcoin and Developer DAO can work together to coordinate bringing more web2 developers into web3 than ever before through education and events, as well as supporting the creation and distribution of public goods.

Motivation

Developer DAO’s mission is to accelerate the education and impact of a new wave of web3 builders.

For our community to thrive, realise its potential and deliver on this mission, we need to lay the right foundations for growth and have the resources to bootstrap operations and retain a team where needed. Forming partnerships with other DAOs who have a well aligned mission and have been on this journey before will help us tackle these challenges faster than we otherwise would be able to.

Gitcoin’s mission is to build & fund the open web. Their innovations in Quadratic Funding have resulted in funding for over 1,900 open source projects to the tune of ~ $40m and around 300,000 developers actively use their public goods each month to learn, earn, connect and fund what they are doing.

These achievements and ambitions resonate extremely well with ours, and Gitcoin’s substantial experience establishing and growing a DAO are invaluable to us as we embark on a similar journey.

We see this relationship complementing Developer DAO in the following ways:

• Enabling even more developers to have a voice in the future direction of Gitcoin via allocation of their Governance token (GTC) into the Developer DAO treasury.
• Strengthen ties between and improve the shared bandwidth of Gitcoin and Developer DAO teams (Moonshot Coordinator, Austin Griffth, Nader Dabit, Cooper Turley, Preethi Kasireddy, kempsterrrr).
• Collaborating on workshops, events and hackathons with Austrin Griffith and the Moonshot Collective workstream, to further the reach and impact of Gitcoin’s public goods efforts.
• Co-creating prototypes between Moonshot + Developer DAO that play well with the Loot ecosystem vibes / memes.

Specification

The passing of this proposal would transfer 50,000 GTC to 0x7128f5ff32eD07Ce12E6a9deBE32BB40F9884b3C, Developer DAO’s specified Treasury address.

On the launch of Developer DAO’s governance token, a 5% allocation would be transferred to 0xde21F729137C5Af1b01d73aF1dC21eFfa2B8a0d6, Gitcoin’s multisig address for easier delegation / voting.

Use of Funds

To ensure long term alignment, Developer DAO will hold no less than 50% of the tokens received through 2023 and act as a meta-delegate in the Gitcoin ecosystem.

To ensure long term alignment, Gitcoin will hold no less than 50% of the tokens received through 2023 and act as a meta-delegate in the Developer DAO ecosystem.

Benefits

See “Motivation” section above

Drawbacks

5% of our Governance token will be issued to Gitcoin at launch.

Prior Discussion & Forum Vote

Please see prior discussion and our forum vote here.

Vote

Vote For to support the partnership & mutual grant. Vote Against to deny the partnership & mutual grant. There is no necessary quorum for this proposal. A majority For vote passes the proposal.