[Announcement] NDC Grassroots DAOs and direct funding process for February 2024

[Dacha]

Grassroots DAOs funding process for February 2024

Funding focus for Grassroots DAOs:

P-1 Widening Adoption of NEAR, Outreach to New Audiences (Referral systems for the ecosystem, Demonstration of NEAR to non-blockchain communities: Education of the local communities, creators, influencers ; Activation of the protocol daily usage through gamification mechanics (for example, leaderboards)) - Continuous outreach to new audiences is the source of new community members and ideas. That’s why we believe this priority is a cornerstone for the NDC. There are many initiatives that fall into this category and we intentionally do not want to limit what is possible.

To evaluate the results, please use the following metrics that will be used for tracking individual initiatives’ performance by DAO.

All the metrics must be attributable to the relevant project/initiative through on-chain activity and off-chain reporting, ensuring GDPR compliance and preserving privacy:

1. Accounts retention after 1/2/4/8 weeks — the percentage of accounts who continue interacting on the chain over a given time period (higher is better).
2. Account acquisition cost — budget divided by the number of accounts interacting through the funded initiative (lower is better).
3. Median number of dApps used by P95 accounts retained for 1+ week (higher is better).
4. Number of accounts retained for 1+ week using at least three dApps (higher is better)
5. Social engagement score — some compound metric of the number of posts, likes, and followers/views in social media produced by the users.

Funding process:

You can find a comprehensive guide here:

Near Digital Collective Grassroots DAOs, projects, individual contributors funding, onboarding and operations guide v1

Near Digital Collective Grassroots DAOs, projects, individual contributors funding, onboarding and operations guide v1. The guide can be amended by House of Merit or NDC Voting Body. Welcome to the Grassroots DAOs, projects, and Individual Contributors Funding Guide. Whether you are part of a Decentralized Autonomous Organization (DAO), managing a grassroots project, or an individual contributor, this guide is meant to help clarify how funding works within the Near Digital Collective (NDC) ecos…

TL;DR

1. Forum Posting (2nd-7th):

   • Applicants submit proposals on the NEAR Governance Forum within suitable Grassroots categories (For example, Gaming DAO, Aurora DAO, etc. Community - NEAR Forum ) between the 2nd and 7th of January.

   • Applicants should use the form for their requests: Appendix 1 “Near Digital Collective application form Near Digital Collective Grassroots DAOs, projects, individual contributors funding, onboarding and operations guide v1

2. GDAO Governance Members’ Review (8th-12th):

   • GDAO governance members thoroughly assess proposals on the forum between the 8th and 12th of January.

3. GDAO Governance Members’ Feedback (8th-12th):

   • Members actively provide feedback and make decisions on proposal support or rejection, publicly posted on the forum between the 8th and 12th of January.

4. Proposal Decision:

   • A proposal passes or is rejected based on a minimum threshold aligned with 51% of votes from GDAO governance members.

5. Proposal Approved/Rejected:

   • A proposal receiving 51% or more positive feedback is marked as approved [Approved]. Rejected proposals can be revised and resubmitted in the next month.

6. Closing Proposals:

   • GDAO governance members can close [Closed] proposals for various reasons. Please request to provide feedback from particular DAO governance members.

7. Budget Compilation and Submission (12th-13th):

   • GDAO governance members compile the final NDC budget and submit funding requests to the House of Merit. KYC/KYB processes for approved applicants begin.

8. HOM Review and Voting (13th-17th):

   • House of Merit members review and vote on funding requests, providing feedback to Grassroots DAOs and applicants.

9. CoA Review and Voting (17th-23rd):

   • Council of Advisors reviews and votes on funding requests. Once approved, Grassroots DAOs initiate a transfer to NDC Trust. * Currently, HoM and CoA are considering changes to speed up the step. You can find the draft here: MEMO - Google Docs

10. NDC Trustees Transaction:

    • NDC Trustees execute the transaction if expenses align with the Trust’s objectives.

11. Post-Transfer Execution:

    • Payments are disbursed to Grassroots DAO wallets and then to approved applicants who completed KYC/KYB. KYC/KYB procedures are determined by the House of Merit.

Important Notes:

• NDC is not responsible for losses due to Near price changes. Delays may occur beyond NDC procedures and due to force majeure events.
• Requesting funds cannot exist in the allocated budget for each subcategory NDC budget final - Google Sheets with and reduced in NDC interim period. Starting of the v1 NDC governance framework [interim period]

Suggested funding hardcaps for each DAO:

1. She is Near up to $25000
2. Near Research Collective up to $6500
3. Onboarding DAO up to $25000
4. Build DAO up to $30000
5. Aurora DAO up to $43000
6. Gaming DAO up to $53000
7. Degens DAO up to $20000
8. Marketing DAO up to $35000
9. Globe DAO up to $55000
10. NFT DAO up to $20000
11. CDAO V1 onboarding proposal is pending

The direct funding process for February 2024

Funding focus:

P-1 Widening Adoption of NEAR, Outreach to New Audiences (Referral systems for the ecosystem, Demonstration of NEAR to non-blockchain communities: Education of the local communities, creators, influencers ; Activation of the protocol daily usage through gamification mechanics (for example, leaderboards)) - Continuous outreach to new audiences is the source of new community members and ideas. That’s why we believe this priority is a cornerstone for the NDC. There are many initiatives that fall into this category and we intentionally do not want to limit what is possible.

To evaluate the results, please use the following metrics that will be used for tracking individual initiatives’ performance by DAO.

All the metrics must be attributable to the relevant project/initiative through on-chain activity and off-chain reporting, ensuring GDPR compliance and preserving privacy:

1. Accounts retention after 1/2/4/8 weeks — the percentage of accounts who continue interacting on the chain over a given time period (higher is better).
2. Account acquisition cost — budget divided by the number of accounts interacting through the funded initiative (lower is better).
3. Median number of dApps used by P95 accounts retained for 1+ week (higher is better).
4. Number of accounts retained for 1+ week using at least three dApps (higher is better)
5. Social engagement score — some compound metric of the number of posts, likes, and followers/views in social media produced by the users.

Funding process:

You can find a comprehensive guide here:

Near Digital Collective Grassroots DAOs, projects, individual contributors funding, onboarding and operations guide v1

Near Digital Collective Grassroots DAOs, projects, individual contributors funding, onboarding and operations guide v1. The guide can be amended by House of Merit or NDC Voting Body. Welcome to the Grassroots DAOs, projects, and Individual Contributors Funding Guide. Whether you are part of a Decentralized Autonomous Organization (DAO), managing a grassroots project, or an individual contributor, this guide is meant to help clarify how funding works within the Near Digital Collective (NDC) ecos…

TL;DR

1. Proposal Submission:

   • Submit project proposals on the NEAR Governance Forum in the NDC Category (NEAR Digital Collective - NEAR Forum) between the 2nd and 7th of January.

   • Please use this form for your requests: Appendix 1 “Near Digital Collective application form”Near Digital Collective Grassroots DAOs, projects, individual contributors funding, onboarding and operations guide v1

   • Please include the subcategory code:
     HOM-004P-1-1-1 , HOM-004P-1-1-2 , HOM-004P-1-1-3, HOM-004P-1-1-4 or HOM-004P-1-1-5 You can find descriptions of each other here: NDC budget final - Google Sheets

2. House of Merit Review:

   • Between the 8th and 13th, House of Merit members review and provide feedback on the proposals.

3. Decision Process:

   • Proposals must secure at 8 of House of Merit votes for approval or rejection.

4. Approval/Rejection:

   • Approved proposals are labeled [Approved], while rejected ones are labeled [Rejected].
   • Rejected proposals can be revised and resubmitted in the next the month.

5. Final Budget Compilation:

   • On the 13th-14th, House of Merit compiles a final budget based on approved proposals for NDC Trust funding request.

6. Review and Voting:

   • From the 14th-21st, CoA members review and vote on-chain for funding requests. Currently, HoM and CoA are considering changes to speed up the step. You can find the draft here: MEMO - Google Docs

7. Approval and Transaction:

   • Once CoA approves, House of Merit initiates funds transfer from NDC Trust to the individual project wallet. KYC/KYB must by passed by the individual project before the request.

8. NDC Trustees Transaction:

   • NDC Trustees execute the transaction if expenses align with the Trust’s objectives.

Important Notes:

• NDC is not responsible for losses due to Near price changes. Delays may occur beyond NDC procedures and due to force majeure events.
• Requesting funds cannot exist in the allocated budget for each subcategory NDC budget final - Google Sheets with and reduced in NDC interim period. Starting of the v1 NDC governance framework [interim period]

Appendix 1: “List of legit Grassroots DAO wallets to receive funding from NDC Trust”

1. She is Near

• she-is-near.sputnik-dao.near

2. Near Research Collective

• research-collective.sputnik-dao.near

3. Onboarding DAO

• onboarddao.sputnik-dao.near

4. Build DAO

• build.sputnik-dao.near

5. Aurora DAO

• ac_dao.near

6. Gaming DAO

• gaming-dao.sputnik-dao.near

7. Degens DAO

• ndc-degens.sputnik-dao.near

8. Marketing DAO

• marketing.sputnik-dao.near

9. Globe DAO

• nearglobedao.sputnik-dao.near

10. NFT DAO

• nearnftwg.sputnik-dao.near