By Joshua Tan (Metagovernance Project)
Fund the prize pool for the upcoming Open Web Governance Challenge. This is a follow-up proposal to the approved Metagov <> NEAR partnership, and is related to the upcoming hackathon prize pool funding proposal. It may make sense to consider this proposal in the context of those other proposals.
Main link: challenge portal.
- Lead: Joshua Tan @ Metagovernance Project, Oxford, and Stanford
- Primavera De Filippi @ Metagovernance Project, CNRS, and Harvard
- Miriam Ashton @ Metagovernance Project
- Eugene Leventhal @ CMU
- Ed Saperia @ London College of Political Technologists
- NEAR contact: James Waugh
The governance challenge is an independent track in the 3-week Open Web Community & Creators Hackathon, a collaboration between NEAR, Metagov, Gitcoin, Dystopia Labs, and Createbase. The challenge is composed of (1) a governance hackathon with contents, events, and judging geared toward fostering new experiments with DAOs and blockchain governance and (2) an initial activation week centered around NEAR’s Sputnik DAO technology.
The governance hackathon will feature workshops, lectures, and trained geared toward fostering governance experiments along a range of suggested governance challenge areas co-designed by Metagov, NEAR, and other governance specialists. These challenge areas reflect important governance questions that NEAR is currently facing, from Rainbow Bridge governance to DAO-to-DAO contracts / interop to the management of the Community Fund itself. A preview of the event schedule and the challenge areas is online at the challenge portal.
$5,000 of the prize pool will be dedicated to governance projects, without condition. This accounts for the portion of the anticipated $10k hackathon prize pool open to protocol-agnostic projects (i.e. projects that don’t involve NEAR). This includes projects that address off-chain governance projects that may still be extremely relevant to NEAR (e.g. projects involving Discourse or Telegram).
$15,000 of the prize pool will be dedicated to governance projects submitted to the hackathon that involve a significant usage of NEAR; about $5,000 of the $15,000 will be reserved specifically for projects that directly use Sputnik DAO. All prizes will be allocated and distributed by the Metagov DAO according to criteria determined by Metagov and NEAR. A draft set of criteria is provided at https://metagov.github.io/open-web-challenge. (This is intended to fall under the original 100k NEAR “partners/celebs” portion of the hackathon prize pool.)
The Sputnik DAO activation week will feature events that specifically revolve around Sputnik DAO. It is intended to encourage ALL participants in the Open Web Community & Creators Hackathon (whether or not they intend to participate in the governance hackathon described above) to create a Sputnik DAO as part of their hackathon entry.
$5,000 of the prize pool will be dedicated to the Sputnik DAO activation week, and distributed during that first week. To qualify for a 30 NEAR payout, participants will have to register a Sputnik DAO for their project within the first week of the hackathon, have a council with their team as voting members, and submit a 500-word draft proposal to the Metagov DAO. We believe the initial activation week will be important in creating excitement and momentum for the overall hackathon.
$5,000 - unrestricted governance prize pool
$15,000 - NEAR-specific governance prize pool
$5,000 - Sputnik DAO prize pool
Impact / ROI
As a whole, the challenge will
- Increase adoption of Sputnik DAOs
- Provide feedback and new use-cases for Sputnik DAOs and other DAO technologies on NEAR
- Grow the number of active NEAR users
- Connect NEAR to open web developers and specialists in blockchain/DAO governance
- Bootstrap experiments and research on decentralized governance, especially along challenge areas relevant to NEAR
- Generate and refine additional proposals to the NEAR grants program
- Lead to improvements in the operation of the Community Fund itself
- Provide a template for future hackathons & activations dedicated to DAOs and governance
A prize pool is a critical component of the upcoming challenge. A significant prize pool will directly increase participation, create excitement, and signify to the community NEAR’s commitment to governance.
One poll for Community Council members only and another poll that is open to everyone with trust_level_1 or above. Let us know any feedback!
Voting and quorum* thresholds:
<$2K - 1X Yes - no min quorum
$2-10K - 2X Yes - no min quorum
$10-30K - 3X Yes - min quorum 4 of 7 - 4X members should vote in either direction
Above $30K requires Erik or Illia’s additional approval (Head of NF/Chairman of NFC)
Above $100K requires NEAR Foundation Council approval
*quorum defined as lowest number of member votes needed for the decision to be valid