FTW-IP2: Create a 5k pool of funding for DAO initiatives for Q2

DESCRIPTION: I propose that we create a small pool of funding to be allocated to the DAO for funding initiatives in Q2.

BACKGROUND: Up until now, all funding and finances have been handled and allocated by the core team with the long-term vision in mind. At one point we created a small marketing multi-sig with $5k on it and had DAO members like @manuets, @Vic (VLK), @hanabi, and others on the multi-sig to try and drive community initiatives.

This initiative was a little too early, and we lacked a proper proposal and discussion system. Some bits of work towards marketing, like articles were done with this pool of funding, but the initiative never really took on a life of it's own. Now that we have a proper forum for testing discussion and proposals, I suggest that we start using it with another $5k of DAO funds.

RATIONALE I think it is important that the DAO 'member community' starts to become responsible for managing more of the day to day financial decisions and that the decentralisation process is kicked off in a serious manner I think allocating a significant chunk of our current funds will help to engage and motivate the community in our financial situation and operational details I think that it will help to facilitate more transparency and engagement with governance and the legal entity that up until now have been largely only managed by the founders We are preparing our annual report, and need to prepare an Annual General Meeting for members (AGM). The process of handing over to a multi-sig and any other details around this and the governance could be handled and discussed thoroughly in the annual general meeting At present there are only two formal members of the legal entity (Ben and I). We would like to expand the membership and board to include some of the engaged OGs, and starting the process of decentralization is a good way to start identifying gaps in our current governance set-up, and involving certain individuals more deeply in the nitty gritty aspects of FTW's legal entity, responsibilities etc.

IMPLICATIONS Requires a $3k allocation from the DAO treasury to a DAO managed multi-sig wallet Requires an additional $2k once our treasury is back above 20k CHF Requires some input from @BenH and @baz on how this transfer is accounted for in finance tools May require a brief legal input from our lawyers on legal accountability etc. but should be straightforward

RISKS $3k represents about 20% of our current treasury Our treasury is limited and some is required for core team salary and operational costs (community lead, lawyers, accountants etc.). If we don't make further sales, this could impact our cashflow / liquidity. Lack of participation. This happened the last time we attempted this. Admittedly the community is much larger and more engaged now, but there is always the risk that people don’t actively use the pool

MITIGATION Treasury risk: Reduced the proposed amount from $5k to $3k, automatically extend to $5k once treasury is back above $20k. Participation: Develop a communication plan to encourage contributors to propose idea. We might want to do a sort of call for proposals or think of two key areas / topics where we want to focus on in Q2

RESOURCES / SETUP Administrator from the community to push this initiative with members 5 community members willing to be on the multi-sig 3/5 signers required to approve any given transaction All signers need to be properly identified to the DAO to be eligible for being added, and have shared their personal ID with the founders for basic KYC compliance reasons

NEXT STEPS Nominate an administrator of the 5k (outside of the core team), whose responsibility it is to encourage people to propose ideas and make use of these funds Self-nomination of multi-sig signers Have the community elect who the signers should be (1 member, 1 vote) Set-up a multi-sig with 5 members of the community as signers Develop a communication plan to encourage contributors to propose idea. We might want to do a sort of call for proposals or think of two key areas / topics where we want to focus on in Q2

MEASURE OF SUCCESS Receive at least 5 community-led proposals in Q2 (not from founders) Make use of 80% of the funds in Q2 on proposals from the community Seeing proposals and comments from less involved or newer DAO members Generate engagement and leads from potential new members via referrals and increased member NPS