After careful consideration of all the feedback by our community members to the originally proposed structure for Community-driven DAOs, we recommend the following next steps:
A Swiss Association will be established to govern and manage the treasury of the Ecosystem Development DAO and the Marketing DAO. These two DAOs will transition from having NEAR Foundation staff on the Council to Community-driven DAOs by the end of March 2022. The offer will also be extended to the Creatives DAO to form a Swiss Association with the Community Team’s support.
We may proceed with the council size of 9 members as initially proposed:
- To offset any unforeseen vulnerability towards our stakeholders and to safeguard the best interests of our community, it is recommended that [a] the approval threshold for proposals be raised to 7 out of 9 council members or [b] we start with a majority of council members from NEAR Foundation (5/9) and gradually increase the number of community members, which will be facilitated by a corresponding decrease in NEAR Foundation members from DAO Councils.
- The aforementioned approach also addresses the Governance Pilot we are aiming to test through this decentralization exercise by giving everyone a chance to learn by participation and growing together with the ultimate goal being NEAR Foundation members removing themselves from DAO Councils after Q2, 2022
- We must strive for Council Diversity
Decisions on all proposals should be reached within a reasonable time, as common practice and taking into account various factors, such as the availability of council members during a given timeframe, time taken to review and have discussions on proposals and contingencies, we recommend 1 week.
It is recommended that the vetting criteria for DAO Council candidates be as follows:
- Minimum time spent participating in the community and/or on-chain governance (DAO) experience should be not less than 3 months.
- It is expected that the candidates are well aware of the NEAR Ecosystem values and are knowledgeable about the NEAR Ecosystem’s Projects, Guilds and Ecosystem Participants
- KYC (Know Your Council) requirements for everyone putting forth their candidature to such councils, in order to safeguard all stakeholders from malicious actors and to perform due diligence, which should ideally include: no room for absolute anonymity, fulfilling the due standard KYC procedures.
[Please note that we are committed to preserving individual privacy. The KYC process is facilitated by leading KYC providers and any use of personal data adheres to GDPR standards. DAO Council Members are key in facilitating the distribution of the NEAR Community Fund, as such, there is no room for anonymity in its current format.]
DAO Council Members’ Expectations & Responsibilities
- DAO Councils should adhere to our Community Guidelines and help fellow ecosystem members stay on track by using vigilance, discretion and empathy.
Council members will be accountable to the Community and in that regard, the following parameters are recommended to assess Council members’ performance individually and the Council’s collective performance during a tenure:
- Level of engagement i.e., participation in public discussions on the Forum; DAO votes; number of proposals reviewed (benchmark to be determined by respective DAO Councils);
- Satisfactory attendance on regular Council meetings (cadence to be determined by respective DAO Councils);
- Active participation in and/or coordination of Town Halls, AMAs, etc.
- Timely review and decision on proposals.
Keeping in accordance with our values of providing equal participation opportunities to everyone, it is recommended that DAO Councils should be rotated every three months. For individual Council members, there should ideally be at least a 3-month gap between two tenures across Community DAOs. This approach offers more opportunities for community members to serve as Council Members.
If a Council member is found guilty of violating the Community Guidelines, the Community may, by way of proposing it to the DAO Council, vote to remove the individual Council member.
New Council members will be drawn routinely from two pools of vetted candidates and we suggest two pools with a suggested number of 20 candidates in each pool:
Operating Council Pool
The mission of the Operating Council is to develop best practices for proposal creation and responsible for reviewing all proposals within an agreed timeframe.
All Operating Council members get a monthly reward in NEAR (to be proposed by the respective DAO Councils) for their time and effort.
- Source proposals (that are ‘passed’ by a majority of Executive Council Members)
- Develop guidelines for proposal submission
- Develop guidelines for reporting
- Review proposals and reports
- Offer recommendations to the Executive Council
- Encourage the Community to submit high-quality proposals
Executive Council Pool
The mission of the Executive Council is to follow a process to discuss and vote on proposals.
Proposals may include Guild’s monthly proposals for their work and Community governance proposals.
- Deliberate and Vote on Proposals to be funded
- Deliberate and Vote Community best practices
- Deliberate and Vote on proposals from the Operating Council (community best practices, guilds classifications, rewards, and incentives)
Open Call for the above positions will be announced on the 10th of February, 2022 along with relevant additional information