Love this!
Considering 200M NEAR is quite a large amount, perhaps we should experiment with a variety of Ecosystem Treasury DAOs, in order to understand the different models and collectively decide what works best. I’d say that is already happening on the Sputnik DAO platform ~ so far, about 131K NEAR has been distributed as a result of 891 successful proposals going through 58 DAOs (23 councils have approved more than 5 payouts). Details: https://stats.sputnik.fund
Also, we have multiple DAO frameworks in our ecosystem, including Sputnik, Catalyst (akin to Moloch on Ethereum), and potentially others. How might we choose an optimal design for this Ecosystem Treasury DAO? Ultimately, who will decide what our validators must decide?
Of course, I understand the need to keep it simple and focus on this root DAO of DAOs. Establishing a legitimate process for transparent decision making at the highest level would facilitate progress toward responsibly decentralizing the NEAR Community Fund.
Eventually, might be worth pluralizing each categorical “sub DAO” that receives allocations. For example, we could have many interconnected Marketing DAOs with unique names, goals, members, configurations, and projects. These would probably emerge from the official Marketing DAO, similar to how Creative DAOs like NxM operate as beneficiaries of the Creatives DAO. Smaller amounts requested by these particular DAOs would mean less risk and more granular accountability for the overall Ecosystem Treasury DAO(s).
As we move forward in exploring the possibilities, I’m hoping to use a v1 Sputnik DAO for gauging opinions / feelings about off-chain proposal discussions and technical implementations. For that purpose, there is a new DAO here:
https://www.sputnik.fund/#/dao/join.sputnikdao.near
Everyone is welcome to submit a “New Member” proposal to join the council and vote in polls. Anyone may submit a reasonable “Payout” proposal in order to see what people think. Below is a guide for participation ~ help us experiment with governance of DAOs, by DAOs, for DAOs!
Click To View Guide
Join Sputnik DAO
Step 1: Navigate to Join.SputnikDAO.near
Step 2: Click “Create New Proposal”
Step 3: Select “NewCouncil” Proposal Type
Step 4: Input Account ID and Proposal Description
Step 5: Link To Your Forum Post
Step 6: Allow Transfer of 0.1 NEAR
This bond (deposit) will be returned if your proposal is approved.
Step 7: Notify Council Members
Telegram: Contact @sputnik_DAO
Submit a Proposal
Follow the steps above to create a poll. However, instead of a “NewCouncil” proposal type, choose “Payout” in step 3, like this:
Feel free to request a bit of NEAR for your time and effort. However, keep in mind, council members are less likely to vote if you ask for more than 1 NEAR.
The proposal description should be a YES / NO question for the council. Please try to phrase it carefully, so there is minimal confusion.
v2 Sputnik DAOs have a better polling feature, and this might be a very temporary experiment. However, I hope it can be a fun way to learn about contributing to NEAR governance.
Thanks for your attention! I’d appreciate any feedback 