[NDC Funding Request] Creatives DAO | May 2023

[williamx]

Hi @satojandro & @cloudmex-alan, I’d love to incorporate your questions to this reply since some of them can be answered at the same:

@cloudmex-alan

Is this a report or a request? As it is mentioned as the second, but the current post is looking to fund past proposals. In case this is a report, can we find the metrics, KPI’s, OKR’s and/or achievements during the period?

@satojandro

Does this mean that none of the proposals approved in April or May have been paid by the NEAR Foundation directly (as per old arrangement) and all those payouts are pending?

This is a funding request we made for April and May for Creatives DAO treasury from the NDC community treasury (CDAO Treasury from now) . I agree that the request should have been put up earlier so it doesn’t look like a retro-active proposal. Due to the complexity of the process in this transition period, we needed more communication than normal waiting for the standardized funding procedure of the NDC.

=> For community’s April proposals, the funding process for some DAOs via NF has some delay. To ensure the smooth transition, we still ask from the community treasury in full (with exact number). We’ll work internally to report back which proposal got funding from NF and which got covered by CDAO treasury before proceed with the next proposal.

=> For community’s May proposals, every approved proposal will be covered by CDAO treasury, we expect to complete the transition from NF funding to NDC funding by this one proposal.

Since CDAO funding scheme is on a quarterly basis, we expect to report back KPIs for community funding only after collecting report from DAO members. Besides that, report for other items: Marketing & outreach/team report will be delivered every month.

@satojandro

Also, I have several questions about RC DAO, some about the overlap in funding (M DAO is already paying for these proposals), but also about the retroactive nature of the request: we know already what proposals came in through RC DAO for the month of April and approved ones are already getting paid by M DAO.

The funding allocated to RC-DAO through this proposal will be exclusively used for their future proposals within the scope of their own charter, separate from MDAO’s management. We will ensure that the proposals approved by MDAO in April do not receive duplicate funding from the amount requested in this proposal. However, I agree that the process to help RC-DAO goes live needs more communication.

@cloudmex-alan

• Based on past, the funding can be big or small, but is hard to know without metrics.

Please refer to Creatives DAO Charter to learn more about the metrics.

@cloudmex-alan

What happened with past proposals and why were not payed on time? 1. If people bootstrapped (thanks) in some way without funds, where they able to reach their goals on time and with quality? 2. Compromising funds without having those can be risky, reputation of the ecosystem can be affected if this causes a delay in timelines.

The issue arose because CDAO did not handle its treasury previously. Funding was facilitated by NF, and we relied on their assistance to distribute funds. This problem will be resolved when CDAO’s treasury becomes active. We have completed all the necessary preparations (legal and operational) to facilitate this change. The funding experience will surely be improved