Decentralize Grant System with Bounties

by 0xd4f1cab694c4424c4796549edbb9b489789f4df5 (TudaMoon)

Overview

This proposal outlines the transition from the current grant system to a bounty-based system, aiming to enhance efficiency and community engagement in achieving project milestones. This would make the goals community driven. Then as a community everyone can work on achieving the goals one milestone at a time. The best part, everyone gets paid upon completion of a milestone and everyone has the same opportunity to complete it.

Stage 1: Proposal Submission and Bounty Creation

• Purpose: Initiate projects with clearly defined objectives and structured paths to completion.
• Details:
  • Proposals must include:
    • Goals: The final outcome expected from the project.
    • Milestones: Specific tasks required to achieve the goal, with associated costs and deadlines for each (up to 3 months total).
    • Technical Requirements: Detailed specifications for each milestone to ensure clarity and feasibility.

Role of Technical Auditor

• Function: Works in conjunction with the Grant Support Squad to evaluate the technical sufficiency of milestone submissions.
• Process:
  • Reviews submissions against the milestone's technical requirements.
  • Advises the Grant Support Squad on whether submissions meet the set standards.

Bounty Completion and Rewarding

• Participation: Open to all. Each participant or team can tackle the specified milestones.
• Reward System:
  • Bounties are paid only upon successful completion and approval of a milestone.
  • If multiple submissions are received by the deadline, the most suitable one, as determined by the Technical Auditor and Grant Support Squad, is chosen.
  • If the deadline is missed, the bounty is awarded to the first team that completes the milestone adequately.

Note: This bounty system replaces the old grant system. It is designed to ensure that contributions are not only timely but also meet the expected quality standards, fostering a competitive yet collaborative environment.

Enacted

If this proposal is passed, it would update to a bounty based system where all can participate. It would also create a new position for the DAO called Technical Auditor which would work with the Grant Support Squad. All the details above will be enacted.

• 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