Status: Proposed Author(s): @gregdocter, @DarkForestCapital, @pepperoni_joe Created: 14th September 2021 Discussion to: https://gov.indexcoop.com/t/iip-85-temporary-funding-council-decision-making/2668 Quorum: 109,047 [2,180,940*0.05]

This proposal has been abbreviated in order to comply with the snapshot word limit. To read the full proposal, please refer to 'Discussion to' above.

Simple Summary

‌This is a proposal to temporarily grant the Funding Council clear decision making responsibility on Q4 Working Group proposals. Importantly, it also puts forward a framework by which those decisions will be made.

The desired outcome is a community-validated process for approving Working Group proposals for Q4-2021.

This delegation of responsibility will expire at the end of Q4-21 (December 31, 2021) or upon the creation of a replacement decision making responsibility via the Index 2.0 process, whichever comes first.

Abstract

If this proposal is implemented: The Funding Council will have more clear responsibility to follow a decision making process when reviewing and approving Working Groups for Q4. The proposed process is detailed below.

Expiration: This delegation of decision making responsibility will expire at the end of Q4-21 (December 31, 2021) or upon the creation of a replacement decision making responsibility via the Index 2.0 process, whichever comes first.

No other changes are being proposed: The Funding Council will continue to review proposals, insist on consistency across proposals, ask sharp questions in the forums on behalf of the Coop, process & distribute payments on a monthly basis, and will have to request a Grant #5 in order to process Working Group Contributor Payments, among its other responsibilities.

Motivation

Working Groups Context [Background] The Funding Council (formerly Treasury Committee) exists via quarterly IIPs. See: Grant #4, Grant #3, Grant #2, Genesis Grant.

The Working Group structure is a Funding Council construct put into existence on March 9, 2021 via Laying the rails for Working Groups (WG) v1 . It was slightly modified via Working Groups v1.1. Those posts communicate the process by which Working Groups are created (“how are they created”).

Index 2.0 [Context] The Coop is currently in the midst of change via the Index 2.0 process.

Based on sentiment expressed in the “Future of Finance” workshop and elsewhere, it seems clear that the nature of the Funding Council will change in the next couple of months. The exact changes are not yet known and will not be implemented in time to ensure that Working Group Leaders have clarity needed to plan & operate in Q4-2021.

As such, we are seeking an interim solution that ensures operations continue while also respecting and supporting the Index 2.0 process.

Problem Statement(s) Given the-above context, the current state of approving Working Groups is inadequate because:

• Index 2.0 conversations have made clear that the status quo is unsatisfactory. As such, the Funding Council wants to more clearly act on behalf of the community.
• There is no clear framework for how the Funding Council decides to approve a Working Group.
• The Index Coop lacks a clear process by which Working Groups are approved for Q4-2021.

Specification

Overview

‌This IIP will solve those problems by

• Providing a clear decision making process
• Seeking community buy-in on this interim solution
• Until expiration, more clearly granting Funding Council members the responsibility to enact that decision making process on behalf of the Coop

Proposed Decision Making Process

A final poll posted in the forums will ultimately be used to determine approval.

Here is the proposed process

Proposals and feedback [No change] Working Group Proposals are posted to the forums. Steps 1-3 (post, FC assesses, any updates made) ensues, as specified in Working Groups v1.1.

“Final Vote” Poll Once the Working Group Proposer is ready, they will update the forum post with a “Final Vote” poll.

This poll must be created according the following guidelines

• Single Choice: FOR / AGAINST
• Anonymous voting (that is, do not check “show who voted”)
• Automatically close poll: 3 days after posting.
• Show Results: Only after voting
• Limit voting to: Trust Level 1

Announcements

• The Final Vote must be announced by the author as a reply to the original post
• This announcement should make clear this is the “Final Vote.”

Odds/ends

• Only one “Final Vote” poll may be posted
• Working Group proposers are certainly welcome to use “temperature check” polls prior to this step.

Passing Thresholds

• 20 or more voters must participate
• 80% or more must vote FOR

If passing thresholds are not met

• The Funding Council will not include the proposed Working Group’s requested budget as part of the Grant #5 requests.
• If the Working Group still wishes to seek funding they can nonetheless propose themselves via IIP to receive funding directly from the Community Treasury.

This process will be utilized by the Funding Council for all Working Group proposals until expiration at the end of Q4-21 (December 31, 2021) or upon the creation of a replacement decision making responsibility via the Index 2.0 process, whichever comes first.

Copyright

Copyright and related rights waived via CC0.