Authors
- PBJ
- Nir.eth
- Lædybug
Glossary
YUP Treasury = The treasury of the Yup DAO, managed at treasury.yup.eth
Coordinape = Tool for recognizing and rewarding DAO contributors https://coordinape.com/
DAO Quests = Platform for discovering and taking on DAO tasks
Summary
Coordinape and DAO quests serve as our main channels for DAO members to participate and receive compensation for their contributions.
DAO quests allow community members to assign themselves roles/tasks that suit their expertise and/or interest and receive a YUP bounty for completion. Whereas Coordinape allows them to share what they've contributed every month (or epoch), and then allocate points to those they believe deserve recognition and rewards.
So far, the team has established how many rewards each channel should receive. In order to move forward with these tools, we must come to a consensus as a DAO on how much of Yup's DAO treasury should be dedicated to these channels.
Currently, the Treasury receives 5% of daily YUP emissions via the Yup protocol, summing to ~139,460 YUP monthly.
All YUP in the treasury that's not allocated to DAO quests and Coordinape will be held until the DAO decides where the remaining funds should go.
Communication
- Discussion: https://forum.yup.io/t/allocating-treasury-funds-to-coordinape-and-dao-quests/362/2
- Discord: https://discord.gg/vz2XDT2W5B
Quorum and Governance Notes
Minimum Quorum: More than 2% of circulating, non-treasury YUP must participate for a proposal to pass.
Ranked-choice voting
We'll be using Ranked-choice voting for this proposal. Each voter may select and rank any number of choices. Results are calculated by the instant-runoff counting method, meaning if your first choice isn't supported, your second will be your vote, and so on. More here.
Proposal
Come to a consensus on how much of Yup's Treasury Funds should be allocated to Coordinape and DAO Quests
In order to accommodate for growth and variability across time, we will implement a flexible-budget plan that sets a max-per-month limit for DAO Quests rather than a steadfast number.
How many rewards should be allocated to Coordinape (C) and DAO Quests (Q)?
Off-Chain Vote
C: 15k (~10%), Q: 45k (~32%)
875.54 2.7%
C: 20k (~14%), Q: 45k (~32%)
7.86K 24.5%
C: 15k (~10%), Q: 40k (~28%)
0 0%
C: 20k (~14%), Q: 40k (~28%)
503.23 1.6%
C: 25k (~18%), Q: 50k (~36%)
19.48K 60.9%
C: 10k (~7%), Q: 35k (~25%)
0 0%
C: 15k (~10%), Q: 30k (~21%)
3.29K 10.3%
C: 2k (~1%), Q: 5k (~4%)
0 0%
Timeline
Dec 03, 2021Proposal created
Dec 03, 2021Proposal vote started
Dec 17, 2021Proposal vote ended
Oct 26, 2023Proposal updated