Create new Grant Revocation Category for DAO

by 0xd4f1cab694c4424c4796549edbb9b489789f4df5 (TudaMoon)

Problem

Currently, a grant is passed in 1 round of voting by the DAO. However, if the DAO wants to revoke the grant, it takes 3 rounds of voting through the governance system.

Solution

Revocation Category

Create a category specific for the DAO to revoke grants. This category would require only 1 round of voting to revoke a grant. Once a grant is revoked by the DAO, the grant cannot be reinstated. The author of the proposal to revoke must include a detailed reasoning and evidence.

Category Requirements

Voting Period: 168 hours (7 days). Quorem: 4 Million VP Submission Threshold: 1,000 VP

Repetitive Submissions

One proposal to revoke a specific grant can only be submitted successfully once per 30 days. This amount of attempts to revoke criteria is only applies to this process and does NOT effect the Grant Support Squad or Revocation Committee process. The revocation proposal CANNOT be submitted by it's own grantee or team member of the grant. If the proposal does not meet Quorem, it does not count as a successful submission to revoke and therefore can be submitted again.

Passed Revocations

If the Grant Revocation is successfully passed, it would immediately pause the vesting contract. The Grantee would be deemed ineligible for re-applying for a similar grant in the future. The grantee can apply for a new grant that is different in nature in the future as it does NOT forbid all grants from that grantee.

Denied Revocations

If the Grant Revocation proposal successfully meets quorem, but fails to pass the proposal. The grant would continue as usual. No Grant Revocation proposal for that specific grant can be made for another 30 days. The grantee, however cannot use this process as an excuse for shortfalls on their project updates.

Funds given to Grantee

Funds that are already given out to the grantee, cannot be recovered by the DAO. However, the DAO can require payments to be distributed to non-grant participants.

For example, if the grant says they plan to reward a prize of $1000 to the winner of a tournament which is specified in the original grant. The grantee must use any funds recieved to pay for the winner of that tournament. All funds that are not for the grantee and are for users of Decentraland get first priority of payment.

If the grantee fails to pay the non-grantee participants after being revoked, they shall be banned from all Discords, Forums and Decentraland related events where possible. If the grantee pays the non-grantee participants, then their bans will be lifted and they will be allowed to return. In the unusual circumstance where the DAO pays the funds to the non-grantee participants of the grant on behalf of the grant, the grantee of that grant must instead pay the DAO back in order for bans to be lifted.

Additional Clarifications

This does NOT remove power from the Grant Support Squad or Revocations Committee. This simply gives an alternate option or process for the DAO to revoke grants in a decentralized form.

Enactment

If passed, this would create a new process and new voting category for the DAO to be able to revoke grants in a decentralized manner.

• For
• Against
• Invalid question/options

This proposal is summarized due to technical limitations. To view it complete and vote on it, visit the DCL DAO Governance dApp