As of Jan 2022, we invite all NEAR Community members to join the various Community DAOs as Council Members. We welcome active community contributors aligned with the community values and vision to actively participate in the decision-making process on all matters related to our Community development and engagement. To achieve this, we will implement Astro DAO as a governance tool, allowing Council Members to assess proposals to the Community Fund. The rewards, however, will not be distributed by the DAOs but by the NF Operations team directly to the payee based on the vote results and the completion of the new KYC process.
The proposed DAOs structure is specific to the following DAOs:
- Community DAO
- Ecosystem Development DAO
- Marketing DAO
- Creatives DAO
Among the next steps: Open Call for candidates to the Operating and Executive Council Pools, Vet candidates for the pool, develop a council rotation system and finalize the DAO governance guidelines.
The proposed structure will increase Community engagement, transparency, and direct participation from the Community on Proposals and Payouts. It is important to note that this structure meets the required level of compliance for the NF and Council members.
Moreover, the structure allows the Community members and NF Community team to leverage the functionalities of the DAO as a powerful governance tool. The DAOs will not be used to disburse funds but to make decisions on Community Proposals. [Link to DAOs Verticals]
Each DAO will have 9 Council Members. Initially, there will be a maximum of 3 NF team members (⅓) in each DAO. The ultimate goal is for NF team members to remove themselves from all DAOs Council after the second quarter in 2022.
DAO Council members will be drawn from a pool of vetted candidates (criteria for vetting needs to be defined and published publicly) and rotated every three months (there must 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.
We propose two pools with a minimum of 20 candidates in each cool.
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 (TBD) for the time and effort. (rewards in accordance with the activity of the DAO)
- Source acceptable proposals: (that are ‘passed’ by a majority of Executive Council Members)
- Develop the guidelines for proposal submission
- Develop guidelines for reporting
- Review proposals
- Offer recommendations to the Executive Council
- Incentivized the Community to submit high-quality proposals
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)
The implementation plan is as follow:
1- Publish proposal in the Forum by Dec 10
2- Collect feedback from community members, clarify questions
3- Organize an AMA
4- Produce an iteration of the draft and publish the final proposal
5- Complete the guidelines for Council members
6- Open Call for candidates to the Operating Council Pool
7- Open Call for candidates to the Executive Council Pool
8- Form the Pools of vetted candidates
9- Develop a rotational System for council members
10- Community DAOs new structure live as of Jan 3, 2022
Essential Points for discussion/determine working groups
- Guidelines for Council Members
- Selection of candidates for both Pools
- Council Rotating System
- Governance pilot period
- Success metrics (Quantitative and Qualitative )
- DAO Council open syncs
As this proposed structure is still in draft mode, we welcome your feedback and any improvements we should consider to create a reliable, effective, and efficient governance system.