passion.eth

Rarible DAO Working Group Proposal

Voting ended over 4 years agoSucceeded

Link to the Forum Post: https://gov.rarible.com/t/rarible-dao-working-group/15833

TLDR

This is a proposal which aims to empower the community of builders working on Rarible DAO.

There is currently a large disconnect between the builders working on Rarible DAO and the Rarible Protocol, and the RARI tokenholders. For the most part, very few RARI holders are involved in the community building efforts, and don’t have the best understanding of where the community needs to deploy capital in order to be most effective and grow.

This proposal aims to create a working group, with its own treasury that is can allocate as it sees fit. This working group will itself be a DAO, initially using the DAOstack (alchemy.daostack.io 4) platform. DAOs on Alchemy are reputation based, and as members contribute to the community, they will be able to earn reputation in the DAO.

This proposal also aims to combine two previous forum posts for working group funding: https://gov.rarible.com/t/proposal-funding-to-pay-for-tools-to-support-dao-working-groups/15308/3 3 and https://gov.rarible.com/t/dev-working-group-proposal/15295 1.

See Phase 1 Image: https://gov.rarible.com/uploads/default/original/2X/3/341d8e0ddabc0989c17aaea151d5dfe485403285.jpeg

Working Group Focus

The main areas of focus for the working group will include:

Communications
DAO Operations
Developers and Developer Relations

Each of these areas has different objectives, that over the course of the next few months, will be further refined. The work-in-progress objectives for Communications and Ops can be seen here 1 and here respectfully.

In addition, the overall objectives of the DAO are a work in progress (we’ve just completed the 3rd in a series of 3 sessions on the topic), which will further inform goals and objectives of the different working group areas.

Each of these areas will hopefully, with this funding, be able to further refine and clarify their objectives which should all ultimately tie to our overall objectives at the protocol level (driving adoption of the protocol being a key one). Mapping out these objectives will be one of the deliverables complete as part of this working group, in addition to providing a report of the expenses.

Working Group Details

Voting power in the working group will include the following people:
- Eric Arsenault, Mark, Max, Elliot, Cooper, Zack, Isaac, Luis, Brody, Skogard, Ali, Jeff, Harry (among others!)
- It will also include key members of the rarible.com 1 team, like Alex and Ethan
Funds will NOT be used to pay individuals who have existing proposals.
We will place a constraint on the DAO of 30 members. Once we reach 30 members, the working group will divide into two groups of 15 member (or multiple smaller groups).
This is an experiment in structuring our DAO. There is a lot to learn, and may not be the long term structure of the DAO.
This working group (as well as others that might emerge), may become good candidates for delegation once this feature is live on the protocol.

See Phase 2 Image: https://gov.rarible.com/uploads/default/optimized/2X/4/4462ac9eac1c1c70700d21535ed61d99756faa94_2_432x1000.jpeg

Eric Arsenault will act as the representative for this group, and ensure funds move to the DAO wallet address.

A one time payment will be made to the following Ethereum address: 0xc9044DaabF32659aF9E6ecc58C7247f3Ec7d9C2f

Individuals who are paid by this working group will consider themselves independent contractors and will report taxes accordingly. Forms W8-BEN and W9 will be filled out accordingly before funds get distributed to them when appropriate. Eric will be responsible for collecting these forms.

Funding amount, and use of funds

We are requesting a $50K equivalent in RARI as an initial amount of funding for the working group. These funds will be used to:

Pay workers for their contributions
Pay for tools (like a Notion subscription) or software services

This will include a wide range of things, from developers offering support to other developers, to supporting community builders in our discord.

Accountability

The working group will be completely transparent around how funds are used, and provide reports at the end of each month outlining expenses.

Members of the working group will continue attending community calls and will participate in governance processes.

Why should Rarible DAO fund this?

The current group of DAOists have very little empowerment (most, if not all, are not RARI whales!). Also, for the most part, large RARI holders have no idea what is happening at the DAO level. This funding will help bridge this gap, by giving a working group more autonomy, to move more quickly, and make quicker decisions for the benefit of Rarible DAO and the protocol.

If this experiment is successful, we will ask for further funding to continue the initiative, which should help grow out the ecosystem.