Grassroots DAOs and direct requests funding process for activities taking place up to the last day of Congress’ mandate, which is June 16th, 2024
Funding process for Grassroots DAOs
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, and 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. Many initiatives 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 by DAO for tracking individual initiatives’ performance.
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:
- Accounts retention after 1/2/4/8 weeks — the percentage of accounts who continue interacting on the chain over a given period (higher is better).
- Account acquisition cost — budget divided by the number of accounts interacting through the funded initiative (lower is better).
- Median number of dApps used by P95 accounts retained for 1+ week (higher is better).
- Number of accounts retained for 1+ week using at least three dApps (higher is better)
- Social engagement score — some compound metric of the number of posts, likes, and followers/views in social media produced by the users.
How to get funding?
Step 1. Proposal Posting (May 1st- 7th)
- Applicants should submit proposals on the NDC BOS page or the Near Governance forum within suitable Grassroots DAOs categories between the 1st and 7th of May
- Applicants should use the form for their proposals: Form - Google Docs
Step 2. GDAO Governance Members’ Review (May 8th-12th)
- GDAO governance members thoroughly assess proposals on the NDC BOS page between the 8th and 12th of May
Step 3. GDAO Governance Members’ Feedback (May 8th-12th)
- Members actively provide feedback and make decisions on proposal support or rejection, publicly posted on NDC BOS page or the governance forum between the 8th and 12th of May
Step 4. GDAO Governance Members’ Decision
- A proposal passes or is rejected based on a minimum threshold aligned with 51% of votes from GDAO governance members.
Step 5. Proposal Approved/Rejected
- A proposal receiving 51% or more positive feedback is marked as approved. Rejected proposals can be revised and resubmitted.
- GDAO governance members can close proposals for various reasons. Please request to provide feedback from particular DAO governance members.
Step 6. Budget Compilation and Submission (May 12th-15th)
- May 15th is the last day to send your requests to HoM
- GDAO governance members compile the final NDC budget and submit funding requests to the House of Merit together with report for previous funding round. KYC/KYB processes for approved applicants begin.
Step 7. HOM Review and Voting (May 15th-20th)
- House of Merit members review and vote on funding requests, providing feedback to Grassroots DAOs and applicants. The House of Merit’s point of contact provides necessary feedback to Grassroots DAOs.
Step 8. In Case of successful Approval by HOM
- HOM forwards the request to CoA for on-chain voting.
Step 9. CoA review
- CoA reviews and votes on-chain.
- If CoA is not creating a proposal to veto within one business day after the approval from HoM, money transfers can be executed;
- If CoA is creating a proposal to veto, then CoA members have five business days to vote on this, and money transfers are not allowed until the voting results or five business days (which would mean expiration and rejection of the veto proposal).
Step 10. KYC and NDC Trustees review and execution
Once CoA approves, House of Merit initiates funds transfer from NDC Trust to the individual project wallet. Before the request, the individual project must pass KYC/KYB. DAO should meet NDC KYC/KYB requirements. Please contact KYC/B lead Andreas (tg handle @AndreasAltamirano) for help.
- NDC Trustees execute the transaction if expenses align with the Trust’s objectives.
Step 11. Post-Transfer Execution:
- Payments are disbursed to Grassroots DAO wallets and then to approved applicants who completed KYC/KYB for NDC
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.
House of Merit direct funding process for June 2024 for activities taking place up to the last day of Congress’ mandate, which is June 16th, 2024
How to get funding?
Step 1. Proposal Submission
- Please submit proposals via
NDC BOS page, select “ House of Merit.” Please use this, - or fill out the form ClickUp Forms
- or submit your proposal on the Near Governance forum on this topic: HoM direct requests - NEAR Forum
- The last day for submissions - May 15th
Step 2. House of Merit Review
- Once the proposal is received, House of Merit members review it and provide feedback.
Step 3. Decision Process
- Proposals must secure 8 House of Merit votes for approval or rejection.
Step 4. Approval/Rejection
- Approved proposals are labeled [Approved], while rejected ones are labeled [Rejected].
- Rejected proposals can be revised and resubmitted.
Step 5. Review and Voting by CoA
- HOM forwards approved proposals to CoA for on-chain voting (veto).
- CoA reviews and votes on-chain.
- If CoA is not creating a proposal to veto within one business day after the approval from HoM, money transfers can be executed;
- If CoA is creating a proposal to veto, then CoA members have five business days to vote on this, and money transfers are not allowed until the results of the voting or five business days (which would mean expiration and rejection of the veto proposal).
- The House of Merit point of contact is in charge of providing information about the approved proposals to COA within one day once they have been approved.
Step 6. Approval and Transaction
- Once CoA approves, House of Merit point of contact initiates funds transfer from NDC Trust to the individual project wallet. KYC/KYB for NDC must by passed by the individual project before the request. Please keep in touch with KYC/B lead Andreas (tg handle @AndreasAltamirano) to get help.
Step 7. 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.
List of legit Grassroots DAO wallets to receive funding from NDC Trust:
- Near Research Collective
- research-collective.sputnik-dao.near
- Onboarding DAO
- onboarddao.sputnik-dao.near
- Build DAO
- build.sputnik-dao.near
- She is Near
- she-is-near.sputnik-dao.near
- Aurora Community DAO
- ac-dao.sputnik-dao.near
- Gaming DAO
- gaming-dao.sputnik-dao.near
- Degens DAO
- ndc-degens.sputnik-dao.near
- Marketing DAO
- marketing.sputnik-dao.near
- Globe DAO
- nearglobedao.sputnik-dao.near
- NFT DAO
- nearnftwg.sputnik-dao.near
- Africa DAO
- near-africa-community-dao.sputnik-dao.near
- Service DAO
- service-dao.sputnik-dao.near
- Freelance DAO
- freelancerdao.sputnik-dao.near