OP Grant Application - Initial Setup and Guidance of the ParaTrooper Contributor structure - Burns

Project Name Discord - Burns#2854

Grant Proposal Proposal is to appoint Burns to a compensated position for the initial setup and guidance of the ParaTrooper Contributor structure and ParaSwap’s OP funded Grants Program.

PSP-IPΔ25 approved the ParaTrooper Contributor structure. This structure requires substantial setup and coordination in order to create a sustainable system. This proposal elects Burns to assist the DAO by setting up initial infrastructure and guide the initial phase. This proposal covers an initial 3 month duration which includes:

1. Champion the ParaTrooper contributor structure

• Setup: defining communication processes, initial onboarding, and setup tooling. Identify and establish other processes as necessary.
• Recurring: chair weekly ParaTrooper calls, assist inter-DAO coordination, manage Coordinape circle, conduct monthly contributor temp checks, complete on/offboarding.

2. Setup and manage the DAO budget

• Define ongoing DAO costs and monitor burn rate. Specifically, create budget proposals posted for community vote that ensure the DAO will have a sustainable treasury to operate and grow for 48 months (product market fit generally needs to occur in 2 yrs to avoid burnout but we’ve seen standard crypto cycle being 4 yrs so it is prudent to ensure sufficient runway for this eventuality).

3. Steward the ParaSwap OP Funded Grants Program

• As part of the approved PSP-IPΔ25 - Deployment of PSP to Optimism 2, a grant selection process was introduced to distribute PSP and OP to further integrations with ParaSwap and Optimism. This is funded through an approved grant from Optimism for 450,000 OP with 50% dedicated to new dApp and app developers that integrate ParaSwap into their swaps and interact directly with the Optimism ecosystem. Engagement for grant applications has been low, stewardship of this grant program would include researching and proposing solutions to improve applicant numbers and suitability for funding.

Deliverables:

• Develop initial DAO Documentation (Code of Conduct , contributor nomination framework, onboarding/offboarding)
• Setup DAO notion page and coordinate with ParaTroopers to maintain (will require subscription funding from a ParaSwap entity) Setup Coordinape circle on behalf of ParaSwap DAO
• Develop and maintain DAO budget in collaboration with the community and associated proposals
• Grants program development
• Monthly report on deliverables progress

Grant Category Social Escrow Research. Uses that are directly related to improving the experience in Optimism of either the ParaSwap protocol or the DAO.

A dedicated, contributor-run DAO can champion the introduction of sePSP2, iterating through the trial period in order to create the best possible implementation of Social Escrow. The ParaTroopers are key to improving the ParaSwap protocol and by extension, the Optimism Ecosystem.

Optimism Alignment ParaSwap is incentivizing growth within the Optimism ecosystem by encouraging integrations and developments within this L2 using grants. The development of a grants program to focus on funding suitable projects is a major component of this proposal with the intended outcome of moving DAO activities towards Optimism.

ParaSwap Alignment Expanding ParaSwap DAO is critical to champion the success and adoption of sePSP2.0. The approved pathway for this is the addition of GovCo and the ParaTroopers which requires the setup of processes/docs and some initial guidance.

Amount of OP + PSP requested Requested funding is: 4,500 USD in OP + 500 USD in PSP per month for 3 months for a total of 13,500 USD in OP + 1,500 USD in PSP with all PSP to be locked in to sePSP2 each month paired with my own ETH, minimizing sell pressure.

As seen from these duties, this appointment is a major commitment of time which I estimate at 26-28 hrs per week. The requested funds have been kept moderate to respect the early stage of the ParaSwap DAO.

This is to be paid out by the ParaSwap multisig upon receipt of a monthly progress report within 7 days of the end of each month (or 30 day period depending when snapshot vote is passed).

Wallet Address for payment and to lock sePSP2: 0x1D528Dfb8Dbb1496EDA0492dc77dC4dDBd91583D

Success Metrics

• Onboard 5+ ParaTroopers
• Each ParaTrooper is adding 3+ quality adds to the project (eg. Governance proposal, marketing material, -technical support etc). ParaTroopers will review and confirm all developed materials through Coordinape circle contributions.
• At least 1 ParaTrooper is providing critical feedback to every Governance Forum post
• Coordinape Circle is funded and maintained
• DAO runway is established and approved
• 5+ Grant proposals posted per month
• Monthly reports submitted promptly detailing important deliverables progress

Other Ecosystem Roles / Background Balancer Grants Co-lead and Baller in Balancer DAO. ParaSwap is an integrator of Balancer. 10yrs experience as a project manager Degree qualified mechanical engineer

Voting Options

1. For the appointment of Burns as per this Proposal
2. Against
3. Abstain