[New Process] Community Payouts

[EDITED 2022-04-05T04:00:00Z]

Hello NEAR Community,

We are delighted to let the Community know that we have our new confirmed payout process.

Some elements will be familiar if you had the opportunity to read the earlier post indicating these changes to come but if not, here it is again with links so you can dig into the necessary identity checks and verification that are now key to this new process.

As of January 21, 2022, no payouts can be issued without an identity verification having been completed as outlined below.

Please follow closely and be sure to bookmark this post for future reference, as certain steps will need to be repeated each time you are looking to request funds:

  1. Continue to post your [Proposal] in the appropriate category on the Governance Forum based on the content of the proposal and the affiliated Guild. For clarified information on how we’re encouraging Guilds to self-identify and apply for funding based on a new tiering structure, see Guilds’ Tiering System.

  2. After the proposal has received sufficient offline discussion on the Forum i.e. there are no more comments on the post to be addressed and the community has had time to respond to the contents of the proposal and receive clarification, the proposal receives implicit community approval.

    • Please refer to the Marketing DAO and Creatives DAO funding guides for more information on their approval processes as their approval needs to be explicitly granted by the respective DAO Council on the Forum before a poll is posted on Astro DAO to have the proposal move to a full council vote.
    • for the former Ecosystem Development DAO: see updated instructions here.
    • This discussion and engagement on the Forum is key to this entire process, so please share your thoughts positively and respectfully.
  3. To get the payout process started, the Guild Leader, DAO, or Community representative (‘representative’) must complete a Google Form requesting your personal information, and your acknowledgment and agreement to the new Guilds Terms & Conditions and NEAR’s Privacy Policy. This step is required every time you are posting a payout request.

  4. Following this, you will be emailed with a prompt to complete a ‘Know Your Customer’ (KYC) identity verification. KYCs are common in the traditional banking sector and with cryptocurrency platforms and exchanges such as Crypto[dot]com and Binance for AML compliance. Our service provider for the KYC - until the decentralized solution SYNAPS or something like it is available - is Onfido and a piece of formal ID and photo will be required. Check which kind of documents are supported by region here.

  5. Denomination of the Proposal’s payout amount if the individual wishes to be paid in $NEAR continues to be in (USD), and the payout amount in USD and target wallet should be clarified on the Astro DAO poll either in the description or in the new comments feature. The representative will then receive an email to a ‘Reward Agreement’ [template here] confirming the token amount and requesting the representative’s signature.

    • EDIT: there is no longer any need to show the $NEAR token conversion from USD on the poll and DAO councils are not required to update the payout value as the token price dips or rises.
    • EDIT: the option now exists for payouts in equivalent USD $5K or less to be made in stable coin! The following coins can be accepted as of 2022-04-05T04:00:00Z: nDAI, nUSDC, nUSDO, and nUSDT.
    • therefore individuals can now either request their payout in stable coin OR USD, which will be converted to $NEAR when NEAR Finance is executing on payment.
    • Any proposals requesting USD $20K or higher will be encouraged to apply to the NF Funding for a grant.
  6. After the above paperwork has been completed, the KYC verification has been passed, and the outcome of the Astro DAO poll is favourable, NEAR Foundation Finance will execute on the approved payment. EDIT: The NEAR Finance team will convert the USD payout amount to the equivalent amount in $NEAR when the payout is being issued.

    • The funds will be sent to the personal NEAR wallet address provided in the Google Form and it is up to the Guild or project representative to ensure these funds are transferred to the appropriate DAO.

Please give a MAXIMUM of 2 weeks for your payout to be processed, especially for the first payout instance under this new process.

For a better visualization of the whole process, check out this Loom video:


Note: this Loom was recorded before the Ecosystem Development DAO was retired.

Thank you for your patience and expect a smoother, more stream-lined version of what has been detailed here before the year is out!

[Guide] How to submit a funding proposal to the Marketing DAO
[UPDATE] Ecosystem Development DAO Vertical
Community Team Updates: The Week Ahead (Week of 24th January)
The Next Stage of DAO Verticals
[Approved] Jan 2022 - Budget for blockchain/events interactions V1 - QualDAO - TheClanGuild
[Approved] YouTube Channel/Content creation and maintenance - December 2021 and the next months
[Approved] Social promotional machinery for near mixtape
[Approved] muti DAO January Social Media / Marketing Support
[ Approved] C1 Guild November Social Media Management
[Approved] Social Medias Management and Marketing Projects The Clan January
[Approved] Near German Community January 2022
[Approved] Blockchain Club of Uganda New Year Event and Social Media Budget
[Approved]Near Social (NS) DAO for November 2021 social media promotion,blog budget for Near Social guide
[APPROVED] Kin DAO Creative Funding - March 2022
[APPROVED] CUDO DAO March Funding Request
Guilds Survey Q4 '21 Results
[APPROVED] VR DAO March Funding Request
[Application] Near Venezuela -> Tiering System
[Approved] January 2022 Social Media Marketing Budget for KalakendraDAO
[Closed] NEAR Stars Guild :star: next international month influencers cycle
[ Approved] C1 Guild November Social Media Management
[APPROVED] Onboarding of university teachers in association with university authorities
[APPROVED] Onboarding Campaign for Crypto-Music Enthusiasts in Victoria Island Lagos
[APPROVED] onboarding 50 music producers and artist from my social media leverage and a road side awareness
[CLOSED BOUNTY] Throw Your Tag - Graffiti Dao Competition 2
[Approved] YouTube Channel/Content creation and maintenance - December 2021 and the next months
[Approved] RU Community Guild (Media Partnerships & Influencers) February 2022 + Binance Promo Campaign
[Approved] YouTube Channel/Content creation and maintenance - December 2021 and the next months
[APPROVED] The Penmanship Guild February Funding
[Inqury - Resolved] Steps to follow
[APPROVED] VanDAO Monthly Funding - February 2022
[Approved] NEAR MEME DAILY [December] Month Report
[Approved] NEAR x Mintbase x Judas party on Feb 10th
[APPROVED] CUDO DAO February budget overview
[APPROVED] AfroStar Guild February Project Funding
[APPROVED] February Budget for the Graffiti DAO
[APPROVED] Monthly Budget muti DAO February
[Approved] NEAR x Mintbase x Judas party on Feb 10th
[APPROVED] VR DAO February Funding Request
[APPROVED] BeatDAO Funding Request for February 2022
[APPROVED] Incubadora DAO February budget overview
[GUIDE] New proposal & payout process in the Creatives DAO
[APPROVED] KIL DAO FEBRUARY 2022 Funding Request
[APPROVED] Spiritual DAO Budget funding for February
[Approved] MotionDAO February 2022: How like a Kernel
[Approved] MV traders of Near
[Approved] - Gambiarra-dao - GAMBIARRA MARKETING 02/2022
[APPROVED] fra-DAO - February budget overview
[REPORT] Creatives DAO Moderator Role - ted.iv
[APPROVED] MintbaseDAO February
[APPROVED] HypeDAO Budget Proposal Feb '22
[APPROVED] Kin DAO - February 2022
[APPROVED] Gambiarra DAO Funding for February 2022
[REPORT] February 2022 Monthly Report - Incubadora DAO
[APPROVED] BeatDAO Budget for March 22
[Approved] JANUARY 2022 Argentina Guild members Marketing budget
[APPROVED] C1 budget For February
[APPROVED] Metaverse DAO Funding for February, 2022
[APPROVED] NXM DAO - February 2022
[Approved]Near Social (NS) DAO for November 2021 social media promotion,blog budget for Near Social guide
[APPROVED] syzygy guild funding for February 2022
[Approved] Proposal For Starting A Near Sports Engagement and Education Initiative [featuring Near Football Viewing Centre and The Near Amateur League]
[APPROVED] DJ DAO Funding - February 2022
[Approved] Jan 2022 - Budget for blockchain/events interactions V1 - QualDAO - TheClanGuild
[Approved] Global youtube promotion on near protocol and near ecosystem - feb 2022
[APPROVED] KalakendraDAO - February 2022
[APPROVED] Demonstra DAO - February Budget Overview
[APPROVED] Monthly Budget INA DAO February
[Approved] 9ja musical talent hunt/activation
[APPROVED] MintbaseDAO March
[APPROVED] Garden Collective march fund request - creatives dao
[APPROVED] Funding Proposal for Philosophers DAO – June 2022
[APPROVED] muti DAO/Guild monthly budget March
[APPROVED] VanDAO Monthly Funding - March 2022
[APPROVED] EFAM DAO March Funding Proposal
[APPROVED] Marma J Foundation - monthly budget March 2022
[APPROVED] AfroStar Guild March budget
[CLOSED BOUNTY] Create Visual Instagram Posts For Our Feed
[APPROVED] Primordia DAO Funding - March 2022
[APPROVED] Children of The DAO APRIL Activities
[APPROVED] Spiritual DAO Monthly funding request - april 2022
[APPROVED] Demonstra DAO - March Budget Overview for Creatives DAO
[APPROVED] 3XR May funding proposal 2022
[GUIDE] Proposal & Payout process for Creatives DAO
[APPROVED] syzygy guild monthly proposal for March 2022
[APPROVED] Arroz Criativo monthly budget for March, 2022
[Update] New Community Payout Process - still in progress
[CONCLUDED] Gambiarra DAO Funding for March 2022
[APPROVED] Starting Near Book Clubs In Tertiary Institutions
[APPROVED] Nomadelabel DAO March Funding Request
[APPROVED] NXM DAO - March 2022
[APPROVED] Changa Records DAO May Funds
[APPROVED] KIL DAO MAY 2022 Funding Request
[APPROVED] METAVERSE DAO Funding Proposal for March, 2022
[APPROVED] C1 budget for March
[APPROVED] DJ DAO Funding - March 2022
[APPROVED] - GAMBIARRA DAO funding for May 2022
[APPROVED] Writer's Guild Funding Proposal for March, 2022
[APPROVED] Monthly funding Goa DAO - March 2022
[APPROVED] Dandelions and Honeybees DAO - March 2022
[Approved] Monthly Budget INA DAO for May
[APPROVED] fra-DAO - overview- March 2022 budget
[APPROVED] First Children of The DAO Budget Request - March
[APPROVAL] 55SP Dao - May Budget Overview for Creative DAO
[APPROVED] Spiritual DAO budget funding for March 2022
[APPROVED] March Budget for INA DAO
[Approved] Demonstra DAO - May Budget Overview for Creatives DAO
[APPROVED] fra-DAO - overview - May 2022 budget
[APPROVED] REGGAEDAO monthly activities FUND MARCH 2022
[APPROVED] Filipino Artist Guild Budget Overview for March
[APPROVED] Comics DAO MAY 2022
[Approved] Kil dao march 2022 funding request
[Approved] FOR NEAR DANCE AMBASSADOR (NDA) February 2022
[Approved] university initiative Near meetup ( adjusted)
[APPROVED] The Clan March Funding Request
[Approved] NEAR Community Talks: Exploring The Plurality of the Digital
[Approved] Public onboarding on the physical event EAT(Encounter of Art And Technology), Nomade Label DAO in São Paulo
[APPROVED] DoiDoi DAO May Funding Request
[Approved] CUDO DAO MAY Funding Request
[APPROVED] VR DAO May Funding Request
[APPROVED] Monthly funding D-LAYER (United Belarus DAO) - May 2022
[Approved] VanDAO Monthly Funding - May 2022
[Approved] NEAR German February/March 2022
[APPROVED] Dance DAO's Funding Proposal For The Month Of May
[APPROVED] Family DAO Artisan Project MAY Budget
[Approved] NEAR Vadodara - FP22 NFT Workshop
[APPROVED] Near x Art Dao (Funding request for May 2022)
[Approved] budget Requested February of Persian
[ Approved] C1 Guild November Social Media Management
[Approved] Increasing number of wallets/users in Goa, India and eventually in Indian Metro Cities
[APPROVED] Budget - LENS DAO - May 2022
[Approved] Demonstra DAO - April Budget Overview for Creatives DAO
[APPROVED] VR DAO April Funding Request
[Approved] CUDO DAO APRIL Funding Request
[APPROVED] Culinary DAO Funding For The Month Of April, 2022
[APPROVED] Monthly funding GoaDAO - April 2022
[APPROVED] YOUNG FRESH CREATIVE DAO ( May 2022) Funding Request Overview
[Approved] Garden Collective DAO Monthly Budget Request for April 2022
[Approved] Graffiti Dao April Funding Proposal
[Weekly reports] Marketing DAO council Dacha
[APPROVED] The Kin DAO I Creatives Funding I May 2022
[APPROVED] VanDAO Monthly Funding - April 2022
[APPROVED] Changa Records DAO April Funds
[APPROVED] AfroStar Guild April Budget
[APPROVED] 55SP Dao - April Budget Overview for Creative DAO
[APPROVED] BeatDAO Budget | April 2022
[APPROVED] Budget muti DAO April
[Approved] Datality Grant proposal 03/24/2022
[APPROVED] Incubadora DAO April budget overview
[APPROVED] Artivist DAO: Funding request for April 2022
Community Team Monthly Report - March 2022
[APPROVED] Onenone Creative Funding April 2022
[APPROVED] Writer’s Guild Funding Proposal for April, 2022
[Approved] Monthly funding GoaDAO - May 2022
[APPROVED] DAOrecords DAO Funding - April 2022
[APPROVED] Dandelions and Honeybees DAO Multi-Project Funding Request, April 2022
[APPROVED] Young fresh creative dao: (funding request for april 2022)
[Approved] Marma J Foundation Budget Request April
[APPROVED] Primordia DAO Funding - April 2022
[APPROVED] onboarding dao [april-2022]
[APROVED] KIL DAO April 2022 Funding Request
[APPROVED] monthly budget - LENS DAO - April 2022
[APPROVED] fra-DAO - overview- April 2022 budget
[APPROVED] Kin DAO - Creative Funding - April 22
[Approved] The Auction DAO - April 2022
[Approved] Golden Blue DAO Budget April
[Approved] The Auction DAO - April 2022
[APPROVED] June budget. Black Cat Cinema DAO
[CONCLUDED] Gambiarra DAO Funding for APRIL 2022
[APPROVED] NXM DAO Funding Proposal - April 2022
[APPROVED] Monthly Budget INA DAO April
[Approved] (Grafitti Dao Funding Proposal For May 2022)
[APPROVED] Nomadelabel DAO April Funding Request
[Approved] FEMINU DAO - Monthly Financing / April 22
[Approved] April 2022 Content & Infographic Production - Near Insider Guild
[Approved] GoaDAO April 2022 Social Media and Marketing activities funding
[Approved] Filipino Artist Guild Budget Overview for April
[APPROVED] april 2022 funding request for syzygy guild
[APPROVED] EFAM DAO - Funding Request April 2022
[APPROVED] GRUTA DAO - April 2022 - Funding Request
[APPROVED] Blaqk Stereo Dao April Budget
[CONCLUID] First Call for Proposals for Funding/ APRIL - OCTÓPODE DAO
[Approved] Attending a Blockchain Conference/April music competition with onboarding by 9jaMUSICAL
[APPROVED] MintbaseDAO funding April 2022
[Approved] C1 budget for April
[APPROVED] NxM DAO Funding Proposal - Jun 2022
[Approved] AfroStar Guild MAY Projects
[APPROVED] Budget Request Chidren of the Dao - June 2022
[Approved] Marma J DAO budget request May
[Approved] Garden Collective DAO - June Funding Request
[APPROVED] Dandelions and Honeybees DAO Full Funding Request, May 2022
[APPROVED] HypeDAO Funding Request Budget May 2022
[APPROVED] DAOrecords DAO Funding - May 2022
[APPROVED] Writer’s Guild Funding Proposal for May, 2022
[Approved] Primordia DAO I Creative Funding I May 2022
[APPROVED] Second Founding FEMINU DAO - May 22
[APPROVED] May Budget. Black Cat Cinema DAO
[APPROVED] Onenone Creative Funding May 2022
[APPROVED] criatura&beri dao - may 22
[APPROVED] reggaedao MAY 2022
[APPROVED] NxM DAO Funding Proposal - May 2022
[APPROVED] ZON-Verse DAO - Funding Proposal for MAY
[APPROVED] Jazz Dao May Budget
[APPROVED] Children of The DAO MAY 2022 Budget
[APPROVED] METAVERSE DAO Monthly Funding Request - May/2022
[APPROVED] CAPITAL GUILD First Funding request for the month of MAY
[APPROVED] TulumCoin DAO - Funding proposal for the month of MAY
[Approved] DJ DAO Funding - MAY 2022
[APPROVED] Filipino Artists Guild Funding Request - MAY 2022 - Overview
[Approved] Arroz Criativo budget for May/22
[Approved] NEAR NFT Week May Funding Request
[Approved] Golden Blue DAO May Budget
[APPROVED] Nomade Label Dao May Founding Request
[APPROVED] **May 2022 Funding Proposal for Philosophers DAO**
[Approved] Rebelwise DAO - May-2022
[APPROVED] May 2022 funding proposal for Spiritual DAO
[APPROVED] 9INES DAO Funding Request, May 2022
[APPROVED] KalakendraDAO - May 2022
[Approved] Global Youtube promotion on near protocol and near ecosystem - March - April 2022
[APPROVED] KIL DAO June Funding Request
[APPROVED] The Kin DAO I Creative Funding I June 2022
[APPROVED] EFAM DAO May 2022 Funding Proposal ~ Culinary Arts
[APPROVED] MotionDAO May2022: Roots, Branches and a Rhizome
[APPROVED] MotionDAOJune 2022: Fractals of Embodied Care
[APPROVED] Reggae is Bigga Than Music DAO Funding, May2022
[APPROVED] Funding Proposal for Metaverse DAO – June 2022
[Approved] Jazz Dao June Budget
[APPROVED] onenone | Creative Funding | June 2022
[APPROVED] 3XR-DAO Monthly Proposal - JUNE
[APPROVED] 55SP DAO - June Budget Overview
[APPROVED] Family DAO ARTISANS budget June
[APPROVED] solicitation for funding/ june - octópode dao
[APPROVED] DAOrecords Budget | June 2022
[Approved] Marma J Foundation June Budget
[Approved] VanDAO Monthly Funding - June 2022
[Approved]Graffiti Dao June 2022 Budget Overview
[Approved] CUDO DAO JUNE Funding Request
[Approved] Demonstra DAO - June Budget Overview for Creatives DAO
[Approved] Primordia DAO I Creative Funding I June 2022
[Approved] AfroStar Guild JUNE Budget
[Approved] DJ DAO Funding - JUNE 2022
[APPROVED] KalakendraDAO June 2022
[APPROVED] Changa Records DAO June Funds
[APPROVED] efam dao- february 2022
[Closed] NEAR Stars Guild :star: next international month influencers cycle
[Approved] Garden Collective DAO - May Funding Request
[PROPOSAL] The Clan February Activities
[APPROVED] MotionDAO April 2022 Request: Growing layers, connecting dots and difficult conversations
[APPROVED] Incubadora DAO March budget overview
[Approved] 9ja musical talent hunt/activation
[APPROVED] Mãe Solteira Records DAO April's funding request
[Approved] Proposal For Starting A Near Sports Engagement and Education Initiative [featuring Near Football Viewing Centre and The Near Amateur League]
[APPROVED] The Penmanship Guild April Funding *UPDATE*
[APPROVED] METAVERSE DAO Monthly funding request - april 2022
[Approved] NEAR x Mintbase x Judas party on Feb 10th
[APPROVED] Fanstroke DAO Funding - April
[APPROVED] Tamago & Tama Island DAO - Monthly Budget Request for May 2022
[Weekly reports] Marketing DAO council Dacha
[Approved] VR-DAO December - January Marketing Budget Request
[APPROVED] NEAR Design Guild Funding for JAN 2022
[Approved] PH Guild December 2021 Initiative
[Approved] PH Guild November 2021 Initiative

Thanks @mecsbecs for putting this together and for clarification on the new processes! As payouts will be done in Near for now, how would a recipient of funds be able to claim a loss, as it’s understood now if the price of NEAR drops below 10% of what it was when a project was funded a request could be made to compensate so all project funding under that request is paid in full without a loss. Curious to see how that would look and if there’s any advice you could offer (for example the inclusion of a 10% buffer to the funding request maybe?)



Awesome. Thank you. This helps a lot, and keep it organized.

Thank you for the work.

Councils, please check this out ot understand how the new system works.
@whoiscavenaghi @brunoqual @tesfon @frado


It’s a good step towards actualisation of clarity and transparency. I applaud your efforts :clap::clap::clap:


Thank you this will help In a positive way and looking forward to see how to get familiar with new payment system

1 Like

Great news. Glad to see how the forum becomes a pivotal platform for open transparent discussions and approvals instead of the obsolete system of closed calls.

Thank You very much @mecsbecs . It’s what community members expected from NF


Last time we sent proposals there was a delay of 24 days.

Now because of the changes, are you suggesting we wait any longer?
Can you somehow resolve these issues more quickly?

Some events and agreements need a certain amount of financial flow.

Onfido is a bad service, as IDO showed on Aurora.

Why can’t funds be transferred immediately to the DAO?

I’m not against KYC and the rest, but I am against unnecessary bureaucracy.

We can debate and send letters all we want, but we need a better process than the one described here.

How will working the process of tying the amount to USD on NEAR.
Consuls take a very long time to vote and you can get an amount much less than you need, how will this issue be handled?


If there’s a loss in value in $NEAR between the time when the proposal is initially made on the Forum and the Google Form and KYC have been completed, there is an opportunity for reassessment of the payout value on the Astro DAO poll being voted upon by the relevant DAO Council [while this side paperwork is being completed].

In step 5 as outlined here:

When the payout amount is being “doubly confirmed” in the comments now possible on Astro DAO polls, the proposer/payee can request a re-evaluated amount if there has been a drop in value of 10% or more. The Council members themselves may even draw attention to a reassessment but it is up to the proposer to flag if the need arises.

Adjusting payout values when there has been more than a 10% drop in $NEAR value has been something we haven’t previously codified [although the general idea has been discussed here] but has been ongoing practice on a case-by-case basis. Within this new process there is now, hopefully, a clearer opportunity for a final value check-in to happen before the Reward Agreement is signed and the payout sent to wallet.

Proactive anticipation of potential fluctuation in price by including minor buffers within the initial payout proposal is something that has been done within the Community without complaint (to my knowledge) from the Council members in question, but this should be up to the respective DAO Council reviewing the proposal to weigh in on.

Thanks for raising this @vandal!

1 Like

Hello @Vladislav_vl25 - thank you for your questions and I understand your frustrations with delays and blockers within our payout processes. Your continued patience as we work toward a smoother process across all of the NEAR Foundation payout channels is greatly appreciated.

Changes in process - especially when approached strategically and in a coordinated effort across multiple NF teams and the Community, as we’ve been trying to do - unfortunately do take time. Our legal counsel has advised that this is the best flow for now without incurring additional legal complications by transferring funds directly to DAOs (at this time). As we’ve been required to act without further delay, this process is the compromise we’ve reached until we can publish a smoother, more stream-lined payout process, which has dependencies on the development of better, consolidated tooling for our use.

Regarding the item about tying funding amounts to USD, please see my response above.

The estimated duration of this new process as described above is 2 weeks and we hope to, once we all get the hang of things, exceed expectations by making it even briefer with practice and everyone’s cooperation.


What you think about Onfido?

This service is flawed, it was on IDO Aurora.

Do you know what it problem is? I’ll explain.
You can’t pass KYC to countries like Russia or Ukraine and still some countries.
You can only pass KYC if will you use a VPN.

Using such a service can put participants in different categories (not all people use VPNs, not all VPNs are safe).
I would say that the service would add some variant of discrimination and I think it’s important to state that.


Also, I can’t understand how this will work with the Guilds’ Tiering System.
If the Guild tier 1 needs $20k, and you specify that the maximum is $15k. :man_shrugging:
And then how will the quarterly payments look like, will I have to confirm each transaction for 10k of these payments?

We need clear deadlines for consuls and voting.
If the consuls are inactive, as they were in the end of last year and early this year, can you replace them?

I just want to explain that we don’t need more consultants or advisors to work, we have to give those who work well - work quietly.
We need a clear and elaborated strategy with specific timelines.


HI @Vladislav_vl25 - I personally was unaware Onfido presented difficulties for unsanctioned nations (so not sanctioned nations such as the Democratic People’s Republic of Korea or the Islamic Republic of Iran) and so we are now discussing this internally with our FLO colleagues who have helped to set this up.
Thank you for flagging this and I’ll hope to have an answer for you soon.

With regards to how this process jives with the Guilds Tiering system, you will note
Tier 1 Guilds are eligible for maximum USD $15K for their main payout, while the payout ceiling listed here is USD $20K is to account for all payouts done through official Community funding channels, which does include the Guilds Tiering and other potential programs or projects. It’s always good to have some buffers just in case so there is space for new initiatives to develop, and so the USD $5K difference in these figures is intentional.

Yes, for every USD $10K given, a new Reward Agreement will need to be signed as part of the final step in the payout process. We are starting off fresh with everyone for the first payout under this process - so the Reward Agreement signature is needed from everyone in this first instance - but then another agreement won’t need to be signed until following transactions equal USD $10K cumulatively or there is one USD$10K+ transaction.

It would be great to have your input in the ongoing conversation here Community-driven DAOs: Proposed Structure for Community Fund DAOs as of Jan 2022 - #49 by INFINITY if you’re up for it! These are some great views on how we can be building a better approach overall to payout reviews and empowering active DAO councils with engaged community members.


Implementing KYC is a great idea.


Of course. Respecting everyone’s opinion, we must find the best solution to create a comfortable path for both participants and consuls.

And I have another question, if the guild have public people working for the NEAR, do they have to go through KYC if the NEAR has their data.


I can make the proposal for example and the beneficiary will be Vadim as the leader of the guild.