[QUESTION] Council Payouts for Verticals - standardize or not?

hello all,

One question the community should address is the Council Payouts for the various DAO Verticals in the ecosystem.

Moving forward, should they be standardized, or should each Vertical DAO manage it’s own internal rewards?

From the moment DAO Verticals exist as a kind of Curator System for proposals, but the funds are given directly from NF, should invoices from Council Members be standardized?

Right now, there is a big discrepancy between Creatives DAO and Marketing DAO, for example.

Creatives DAO rewards it’s Council Members with 1000$, and will decrease that value to 600$ from February on, because the number of council members will increase.

Marketing DAO has been working with a rate of 400N and is decreasing that number to 250N, from January on.

That is a difference of several hundred %.

If differences are supposed to exist, for example because of the amount of $ that is managed, should there be tiers for the rewards, or any other system?

There is also the question of demanding the community to ask in $, but allowing DAO Vertical council members to ask in N, which might create some discomfort in the community.

Would love to hear the community on this, so we better organize, moving forward. As member of the Creatives DAO council, currently in the process of onboarding 5 more council members, imo this issue should be addressed so that it’s clear for all those involved and the community at large.

Thanks

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Yes, agree with you. During working with new Marketing DAO guide, I have found significant difference between Creatives DAO councils rewards $500-$1000 and Marketing DAO (~ $4000 since January)

I propose increase rewards for Creatives DAO councils to $4000 since January 2022.

@grace @jlwaugh @David_NEAR

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Hey hey, gm!

I think the notion behind the lack of standardisation falls to the fact that the DAOs and verticals are, for the most part, independent.

This prepares each of them for the future of NEAR, one where there is no NEAR Foundation or centralised entity offering any guidance in this regard.

However, would love to the community’s views on this!

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Hey @David_NEAR

yup, agree that is the road forward.
I raise only a couple of points:

  • If NF is, at least for the next few months, the source of tokens for the Verticals (I am assuming neither Vertical has it’s own source of revenue), will there be rules for accessing these tokens?
  • If a Vertical is giving out to community projects, let’s say, 70-100k in $ every month, would it be reasonable to get paid 35-55k in $ (basically getting paid 1 $ for every 2$ given out) to do so?

Not demanding answers, just curious about what the community feels should be the guiding foundations of Verticals.

I’m OK with total independence (even if illusory, because funds are still coming from NF), just trying to get a feel for what others think, in order to inform the Creatives DAO council decisions about council payouts.

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There are limits to funding, though they are not written publicly atm AFAIK. Maybe this should change.

I guess this really depends since the position of Councilors in verticals is not limited to distributing funds.

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Ok! Thanks for your input :slight_smile: The Creatives DAO council will discuss how to move forward.

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Hello friend,

There’s a few things I’d like to note:

  • Each DAO is and should be independent in the same way that each Guild in independent and each project (dApp) is independent that received a Grant, even if they all receive funding from the NEAR Foundation in one way or another.
  • To the extent that there are comparisons, they should be to inform each DAOs/groups ultimate decision making. We should be extremely careful in seeking standardisation, one DAO should not be ‘dragging’ the other one in either direction.
  • This bit may be controversial, but very relevant: each DAO also has unique characteristics. Namely, anyone can be a creative (subjective art form) and for most creatives, NFTs and blockchain represent many orders of magnitude more income than the alternative. The opposite thing is true for Marketing: a more specific (professional) skillset is required, most markets would be taking a [significant] pay cut to join a DAO and there is little stability or career progression. We are working hard at expanding our Council, while Creatives is flourishing.
  • The size of the Council definitely matters. Being able to spread the workload among more people is relevant to how much time and responsibility is required of each. ATM Marketing DAO has several NF staff (full time wages, minimal time commitment) and only two remunerated community members (third one joined recently, remuneration TBD). I would expect that as the size on Council expands, the overall budget for the DAO adapts in a reasonable way.

Overall, the balance that we have to strike is one of attracting and retaining the best, while deterring people from wanting to join a DAO just for the money. DAOs a a fundamental part of the ecosystem, they are increasingly imbued with more power and funds, and we gotta ensure they are able to scale in a sustainable way.

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Thank you all for your input, a lot to think about!

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