[New Process] Community Payouts

I meant individuals who represent Guilds.

you’re right. I just wanted to share my concerns :smiling_face_with_three_hearts:


Hey @mecsbecs how are you? :slight_smile:
We are having a little issue with Incubadora :grimacing: I already sent an e-mail about it to community@near.foundation

Today I received the e-mail informing the next step to KYC using Onfido. When I clicked the link, it was not my name that appeared there , it was @frnvpr one instead. We are sharing the same IP and we think it might be the ‘problem’.
He KYC’d some days ago due to a Near Fellowship program. I am trying to do it for Incubadora DAO now…

Do you know perhaps how can I solve this?
thanks! :heart_decoration:


Since the 10% drop mostly occur every month after payment, that might be caused by much sales of near after bounty payment and this do affect the projects that were to be funded.

I suggest if the payment can be made in stables and if it should be a must to pay in Near, then I think it’ll be fair if the affected guild can request for around 10% extra payment.

Even if we were to wait till near pumps back, there are some projects that needs to be funded earlier and this will affect the total budget for the month.

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Hi @bgem - some Guilds approach drops in $NEAR value in the way you’ve just outlined, but others - and what we’re advocating for here - check in on the value of $NEAR as they’re going through the payout process, and if it has dropped 10% or more, request an amendment in the payout value on the Astro DAO poll. You can now comment on polls on Astro (as I mention in the Loom walk-through) so the Council will be able to see your request at the time of voting.

Including a 10% buffer into the proposal may be something certain DAO Councils go for or not, you would need to check with them individually and go through their funding guides.


Hey hey :wave:
I have a little mix up with the new payout process. The KYC has failed twice;it rejected the document attached. Prompted use of passport hence the government’s issued ID wasn’t accepted
What can I do ? my passport won’t be ready till a month or more. Would appreciate if anything else would suffice

GM, responded here

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Hey @Purpledots ! Responded to you in the email thread we had going about this.

(Also it looked like you were trying to attach an identification document to your earlier comment here - please don’t share government IDs or any form of ID publicly for your own protection!)

@mecsbecs ,
thank you for your concern
I wouldn’t attach such form publicly, I have now responded to your mail.
Kind regards.

Hello! Knowing that these are always a work in progress, I would live to make a proposal, based on the feedback of the Moderators of the Creatives DAO:

  • If possible, leaving the conversion from $ to N to the responsibilty of NF (to be done ‘as late as possible’ in the payout process) would solve many issues the community is having. Since communities already ask their funds in $, we feel it should be NF the responsible for the conversion.

Thank you and keep up the good work, we know everyone is doing their best to create better processes :pray:


Hi @frnvpr thank you for your comment. I will take this back to NEAR Finance for discussion.


Thank you so much :robot: :man_surfing:

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Hello all, please note that the above post has been EDITED as of today with a key distinction based on this item raised by @frnvpr among others.

NEAR Foundation Finance will perform the conversion from USD to $NEAR before executing payment. The individual proposer and DAO Council members are no longer responsible for ensuring the payout amount is accurately converted to the $NEAR payout value throughout the proposal and poll voting stages.

This also means that it will no longer be appropriate to include a 10% buffer to the payout amount in order to try and offset token volatility.

I also have assurance that the ability to process payouts in nDAI, nUSDO, and nUSDT is also on the immediate horizon for Community payouts, so diversified wrapped and stablecoin payout options will be available at last.

Thank you for your continued suggestions and feedback!


Thank you NF for your quick response to the community experiences! :tada:


Awesome, thank you, this will help the community a lot!


Great news, thanks @mecsbecs !


Kudos to the team for taking most of the community feedback at heart and proffering solutions for the new payout process(es). You’re doing an awesome job, @mecsbecs. Hoping you don’t take your foot off the gas just yet :wink:


An average Nigerian doesn’t think about an international passport, and or a drivers licence first.

What is easy to access is a vote card, and NIN slip (though it has a card version of it with bar code)

Only who has a car thinks of a drivers licence, and who has a sure hope of traveling out of the country thinks about an international passport :grin:.

I don’t know how this is made hence such that an average Nigerian can’t make ground contributions to the NEAR ecosystem that requires funding

Can’t anything be done about this?


Hi @IgbozeIsrael - appreciate your concerns and we are working with the Onfido team to arrive at a sustainable solution but, as you know, we are using another service provider as a stopgap solution for those from Nigeria and India (and other regions as we encounter them) who are unable to pass the KYC offered through Onfido but do have valid government-issued identification.

Open to suggestions from other KYC providers through our ongoing research as well that folks can DM to me or post here!

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