NEAR Digital Collective - Community Proposal to the NEAR Foundation

NEAR Digital Collective - Community Proposal to the NEAR Foundation

Following the NDC call for action on August 26, 2022, to create a NEAR Digital Collective (NDC), the community has successfully formed itself into a functioning Community Working Group (CWG) and has identified the key milestones required to set up the NDC, its structure and governance framework.

The CWD will focus on the following areas, each split into the following sub-groups:

  1. NEAR Constitution
  2. Governance Framework & Proposal Process
  3. Technical Governance Development Plan
  4. Legal Framework
  5. Community Engagement Guidelines

NDC’s Purpose

  • Develop a new Governance System Constitution that will help the NEAR Community manage the Community’s NEAR Treasury.

  • Establish a structure that allows the NEAR Community to manage the treasury allocation and fund the structure.

  • Transfer control and decision-making from a centralized entity to a distributed network of NEAR Community participants.

  • Enable decentralization on all levels of operations within the NEAR ecosystem :

  1. Political / Management
  2. Administrative/ Operational
  3. Fiscal / Economic

This structure will enable the community to reach its true decentralization goals for the NEAR Ecosystem.

How the Community Proposes to Establish NDC

The proposal is to establish a multidisciplinary working group which will conduct further research into the governance process, voting turnout, and voting power to get a view of the community’s engagement and ability to drive the NEAR decentralization.

  1. Community Constitution

To enable a more efficient way of governing, the NEAR Community will establish its Governance System Constitution, which will define and include the responsibilities of all stakeholders:

  • Fundamental Rules
  • The Common Vision
  • Guaranteed Basic Rights and General Protections for the Community Participants
  • Protection of the Community Participants from Internal Takeovers and External Attacks
  1. Vision/Manifesto

Define the shared beliefs of the NEAR Community, the goal the organization is trying to reach, and the values which the NEAR Community intends to uphold.

Principles of values: ecosystem first, openness, pragmatism over perfection, make it feel simple, grow constantly.

Principles of good governance: ​​accountability, transparency, fairness, responsibility, and sustainability (economic, environmental and technical).

The Community has already delivered the 1st version of the Manifesto.

  1. Governance Proposal Process

This will define all actors and processes involved in the governance of the NEAR Community, detailing thoroughly the steps, responsibilities, and requirements linked to a proposal from its inception to its implementation and enforcement:

  • Participation Rules, Enforcement and Execution Rules, and a Dispute Resolution Mechanism.
  • Updated Conceptualisation of what governance is, to collect all considerations about effective and legitimate governance mechanisms and topics to be covered.
  • On-chain vs. Off-chain Governance Mechanisms (define mechanisms that distribute tasks and obligations, patterns of interaction, structural holes, diffusion of information, clusters and groups within a network, cooperation and conflict among actors, effects that the emergence of new actors, as well as the disappearance of existing actors, has on a network)

Budget

In order to empower the community to set up the governance structure, NDC is requesting a grant of 130’000’000 NEAR from the NEAR Foundation. To meet the short-term expenses of setting up NDC, an additional 1% in stables is being requested.

Prerequisites to Funding

Prior to becoming the recipient of the grant, the NDC will need to be set up with an appropriate structure and level of Governance.

  1. NEAR Constitution

A First Proposal of the Governance System Constitution must be publicly published and presented for further comment, engagement, and discussion by the NEAR Community. The creation and ratification of shared values and basic rights for all community members will become NEAR ecosystem’s north star.

Preamble

The Community has already delivered a 1st version of the Preamble.

Values:

  • Openness

  • Privacy

  • Decentralization

  • Sustainability

  • Fairness

  • Public good focus - commons

  • Code of conduct/things that won’t be tolerated

  • Establish the checks and balances for NDC’s branches:

    • Proposed branches:
      • House of Merit (HOM)
      • House of Stake (HOS)
      • House of Operations (HOO)
      • A Judiciary Branch (Court)
      • Any other branch that is deemed necessary to the proper functioning of NDC
  • Powers & responsibilities of HOM, HOS, HOO & Court

    • Define the balance of power between each of the branches
    • Ensure a separation of powers between all functions
  1. Governance Framework & Proposal Process

A mandated decision process for proposed voting mechanisms & procedures

  • Voting mechanism & thresholds

  • Balance of power infrastructure

    • Voting Mechanisms & Thresholds
    • Veto & Appointment Powers
    • Dispute Resolution: Function & Role of Court
    • Prevention of Capture & Control
    • Treasury Management
  • Treasury Management Infrastructure

  • Perform the Appropriate Testing of the Governance Structure

Maintain a research group on governance troubleshootings and improvement possibilities to ensure proper decentralization evolution and permanent NEAR Community active involvement. The research group should be constituted of a team of NEAR technical and non-technical experts.

  1. Technical Governance Development Plan

Mandate decision for technical software development of the proposed voting mechanisms procedures. On-chain practical implementation of the governance framework.

  • Determine how HOM membership is represented on-chain (e.g. non-transferable NFTs?)
  • Voting Mechanisms/Infrastructure
  • SSI/DIDs
  • Privacy Components, Including ZK and Gating
  • Financial Infrastructure
  • Custody of Fungible/Non-Fungible Assets (including hot/cold wallets)
  • On-Ramps/Off-Ramps
  • NFT infrastructure
  • Function calls
  • Interoperability Tools
  • KYC/KYB

Complete the appropriate security audits in line with the size of the funds to be posted to the structure.

  1. Legal Framework

Create a suitable legal framework and legal wrapper for the maintenance of the governance structure and the operational purpose.

  • Determine Legal Structure

    • Series of sub-DAOs
    • Structure & Jurisdiction
  • Determine Appointment/Removal parameters for HOM, HOO & Court

    • Term limits
    • Process for Rotation/Re-Election
    • Dismissal Parameters
  • Proposal for initial HOO structure

    • Identify & start recruitment for key HOO roles
  • Confirm Mechanism & Recognition for members of HOM

Define:

  • External Advisors Budget (legal, tax etc)
  • Remuneration for certain NDC members (approved by community, reviewed regularly, subject to performance review etc)
  1. Community Engagement Guidelines

Standards to encourage positive, sustainable community behavior and interaction consistent with the values of the NEAR Constitution.

  • Community Terms and Conditions
  • Dispute resolution process
  • Code of Conduct
  1. Testing & Rolling out

Conduct a NEAR Community vote to accept the Governance System Constitution and Framework and approve the proposed structure.

20 Likes

Hi @blaze, thank you for submitted this proposal.

Please break down the numbers and details of this budget.

This is way way ambious to bring this much amount of NEAR/funding into an Initiative that hasn’t defined everything yet.

No team was proper built. No plan was proper finalise.

In my personal point of views: an Intiative that rushing into actions without proper datas/plans would just 95% die young/burn out.

My suggestion: Let’s work on more details, more ideas at group-working space in NEARCON then later on we can finalise this Initiative.

11 Likes

Thanks for this clarifying point. The grant request identifies stipulations that must be met before the NDC would receive funding:

  1. NEAR Constitution
  2. Governance Framework & Proposal Process
  3. Technical Governance Development Plan
  4. Legal Framework
  5. Community Engagement Guildlines

The purpose of forming the workgroups is to identify: milestones, budgets, timelines, and teams. These objectives will need to be identified and met before funding would be released from the treasury.

3 Likes

Amazing organization @blaze !
NDC need an design thinking proccess too, to understanding Mission, Value, Voice, Archetips…
I’m studing too much governance, and Very exciting in this amazing proccess!
@bailey12 have a Nice vision and experience, i love the podcast !
Thanks for all

3 Likes

@Tistu, look here how many interesting subjects to think in respect to web3 governance in this post. This other one is a draft from the preamble of the constitution that the groups have built for now: NEAR Digital Collective (NDC) Preamble - DRAFT

Tistu is a lawyer and a governance researcher I called here to help us think about these deep topics. Thank you, @blaze, for putting problems in a clear and organize systematization.

1 Like

@thephilosopher, thank you very much for invinting me to participate on such an unique occasion. It is very important to debate and establish the principles and goals that should inspire and guide the activities, behavior and decisions taken by people and organizations in web3 environment. We all must realize that web3 tends indeed to be gradually more relevant in human society, so that thinking about basic constitucional rules appears to be necessary to provide security, peace and predictability to the members of the community.

2 Likes

Please feel free to join on Discord or Telegram:

Discord: https://bit.ly/3d870KO
Telegram: https://bit.ly/3qALykQ

2 Likes

Thank you, @blaze, for the invite! :smiley:
I think I will join telegram.
I cannot handle discord anymore.

Very thought out. Dependent on how large the teams will be within the proposed houses, I would recommend a Sterring committee with one individual representing each house on share collaborations/initiatives for future execution, etc. That way, you would eliminate scheduling conflicts along with any possible working silos.

1 Like