Summary

Forefront must continue to build a strong culture of transparency and community ownership, and changes in Seasons and major treasury spending is a significant part of that. We have embarked upon our second season, and to continue to uphold these values and grow as an organization we must ensure that the community approves the Season 2 budget proposal. The following proposal is a high-level breakdown of the season, its objectives, and the requested budget. A comprehensive breakdown of Forefront Season 2 may be found here. If the proposal does not pass, the core team will facilitate feedback collection to make necessary changes.

If approved, this will be retroactively applied as the proposed Season 2 starting date is March 14, 2022.

Motivation

Seasons

A season is a bounded period of time where the Forefront community can align on projects and experiments that help us achieve our broader mission.

While the grand vision for Forefront’s long-term future may differ for different community members, seasons allow us to build consensus around what high-level steps we are taking over a fixed period of time.

Season 2’s Primary Objectives

• Develop an intentional "A-Z" Onboarding Program that activates and delights Contributors and Community Members.
• Build out a Web3 media engine focused on research, deep storytelling, and curation for social tokenized communities, their development, their philosophy, and their use-cases.
• Develop a collaborative product strategy to support social tokenized communities and solve key ecosystem problems (think DAO Terminal, FF Staking, etc…).

Specifications

Season 2 will retroactively begin on March 14th; Season 2 will end on July 14; Aggregate USDC budget is proposed to be: $64,400; Aggregate $FF budget proposed is: 300,000 $FF.

Cost

The following funds are requested for Season 2. Contributor allocations will be a mix of USDC and $FF, depending upon role. The proposed budget allows us to maintain our 18-month USDC expenditure runway.

USDC Contributors: Max of $14,400; FF Contributors: Max of 250,000 $FF; USDC Ecosystem Development: $50,000 $FF Seasonal Projects: 50,000 $FF

At a token price of 1 $FF = 1.3 USDC this would equate to approximately 4.4% of the Treasuries $FF.

Contributor Allocation

The bulk of the proposed budget is allocated towards compensating high impact contributors. Forefront will seek to onboard ~20 contributors in the following capacities during Season 2:

• Pioneers: Forefront is the Contributor’s sole work focus.
• Oracles: Forefront is the Contributor’s primary, or top 2, work focus.
• Alchemists: Forefront is a Contributor’s "part-time" commitment.
• Voyagers: Forefront is a low-priority commitment for the Contributor.

Initial Working Groups

The aforementioned contributors will initially contribute to the following working groups:

• Onboarding (DAO Contributor & Community)
• Web3 Creator Residency
• Community Programming
• FF Journal & Museum
• FF Daily
• FF Newsletter & Wrapped
• $SOCIAL
• Metagovernance & D2D
• FF Product Labs

Governance

Any member of Forefront holding at least 100 $FF may submit a proposal for funding from the Seasonal Projects budget. The full governance framework is described here.

Conclusion

Forefront is seeking to build its “base layer” of high commitment contributors that position the DAO to realize its ambitious goals and objectives. This proposal provides the necessary funding to take this important first step.

Quorum

Quorum: Minimum 5% of all currently circulating $FF (excluding treasury tokens) or 43119.2 $FF must participate for the proposal to pass. Passing Threshold: 65% or more of voting members must vote YES for the proposal to pass.

Vote

Yes - Vote YES to approve Forefront season 2 budget approval No - Vote NO to reject Forefront season 2 budget approval

Value. Culture. Community