Context

We have just completed the tenure of our first curation committee, during which we were able to observe and extract many useful lessons to improve on future iterations.

The intent of this proposal is to capitalize on these lessons and improve the internal workings of our future curation committees through a series of simple rules.

Proposal

Formation and Succession

• The curation committee shall be iterative, with its tenure, composition and budget to be specified in dedicated committee-formation proposals;

• Nominees must fill a dedicated form making the case for their admission to the committee, and state all potential conflicts of interest;

  • a. failure to do so will implicate in automatic exclusion from the committee and annulment of any previous votes in curatorial decisions;

  • b. only existing members of the DAO are allowed to be nominees.

• Members of the current committee shall choose the participants for the upcoming iteration of the committee from the pool of respondents of the nominations form;

• The composition of the next committee shall be formalized and approved by the community via a token-weighted Snapshot vote, as well as its tenure and budget;

  • a. the tenure shall never exceed 6 months;

  • b. the budget shall never exceed 50% of the yearly curation budget;

  • c. the community can vote to exclude specific nominees from the proposal.

• The formation of the next committee will take place the week after the end of the previous committee's tenure;

  • a. during the formation week, the previous committee will retain its curatorial mandate;

  • b. after that week ends or a new committee is formed (whichever comes first), the previous committee will no longer be able to make curatorial decisions.

• Each committee will have the power to hire and compensate staff (either with $RAW, ETH or USDC), without exceeding a total value of USD 3,000/mo;

  • a. this expense will draw from the yearly compensation budget.

Rules of Engagement

• Elected members are expected to be reasonably active and engage with the curatorial discussions and votes on a daily basis;

• Elected members are expected to present logical and informed arguments for their curatorial decisions and suggestions, ideally agreeing on a general strategy for their acquisitions early on;

• Elected members are expected to make good curatorial decisions by taking into account, among other things, the objective quality of the artworks, the potential for financial appreciation, the social impact and the PR impact of each acquisition;

• Elected members must abstain from voting or influencing decisions in which they have clear conflicts of interest;

  • a. failure to do so will implicate in automatic exclusion from the committee.

• Acquisition decisions must be made with a minimum quorum of 80% of the curation committee via a simple majority vote. In the case of a tie, the acquisition is rejected;

• Disastrous curatorial decisions (e.g. causing major reputational damage and/or very significant financial loss to the DAO) can result in impeachment or further administrative action to those who were supportive, to be decided by the broad community;

• Elected members can choose to impeach another committee member with a unanimous vote, after which they will have to announce it to the community and provide a reasonable explanation;

• All material, non-public information (MNPI) relative to the committee's work must be kept secret so as to prevent front-running;

  • a. failure by any member to follow this rule will result in automatic and permanent exclusion from the committee.

• Acting on top of MNPI to achieve personal gain (insider trading) is absolutely forbidden and will result in instant and permanent exclusion from the committee;

  • a. the community can choose to impose further sanctions such as removal from the DAO's Discord server and other moderated platforms.

• The committee shall work with an internal acquisitions and PR team to schedule and properly announce our acquistions to the general public;

• The commitee is expected to explain the rationale behind their acquisitions to the community in open calls, some time after the acquisitions have been made and announced. It can choose to do so in bulk, and will be required to do so at least once, at the end of its tenure;

• The decisions and acquisition details made by the committee must be logged and made accessible to the community in the end of its tenure.

Closing Remarks

The DAO remains focused in increasing its standard of governance and reassuring token-holders of the value of their membership, and in reinforcing our commitment to futhering art and community through technology.

This proposal will increase the quality of our curatorial process while we work to developed more novel, decentralized curation mechanisms.