TDP 33: Community subDAO Creation and Funding

This request is to propose the creation of an mStable Community subDAO and seek ongoing funding for mStable community initiatives including the Metanaut Coordinape circle, payment of DAO Signers from the community, payment of Discord Moderators, providing MTA for tipping in Discord, and running events and giveaways for the broader mStable community.

As mStable continues to decentralize and prioritizes building a strong and engaged community, there is a need to be able to reward community members for their contributions to the mStable ecosystem.

Use of Funds

Requesting funding of a maximum 27,500 MTA per quarter at the beginning of each quarter, starting in Q1 2022. This amount has been calculated based on the following estimated spending:

• Compensating 3 community signers across the ProtocolDAO & TreasuryDAO: 12,000 MTA (1,000 USD worth of MTA per signer per month, based on current MTA price of 0.75 USD as minimum)
• Coordinape: 7,500 MTA (Max 2,500 MTA per epoch with 3 epochs per quarter)
• Moderator Payments: 6,000 MTA (500 USD worth of MTA per moderator per month, based on current MTA price of 0.75 USD as minimum)
• Contests and giveaways: 1,500 MTA per quarter
• Tipbot: 500 MTA per quarter

Community subDAO structure

Proposed initial structure is a 2/3 Gnosis Safe with the following signers:

• Penguin (mStable Lord of the Discord) 0xA5DfE92D76590d169d6A622E35E223a07627A2b3

• Derrick (mStable Growth & Partnerships) 0x9E0F8D06E68Af898E584C4054474124B092277Dc

• Cam Soulsby (mStable Operations) 0x524269E900ca6ebe2FC57d719995c8D167F8b260

Given the smaller amounts of MTA that will be disbursed by this subDAO, Gnosis Safes will be created on both Ethereum L1 and Polygon PoS. Funds will be bridged and distributed on Polygon unless L1 payments are specifically required.

Links

• RFC: Proposed Community subDAO Creation & Funding
• Proposal: TDP 33: Community subDAO Creation and Funding
• Discussion: TDP 33: Community subDAO Creation and Funding

Should the Community SubDAO be established as outlined?