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DAO Grants Program - New Vesting Contract

PassedDraft

Proposal Details

Author0xd11a…1f49
PublishedDec 06, 2022 21:29
Voting beginsDec 06, 2022 21:29
Voting endsDec 13, 2022 21:29
Snapshot#bd8584e

Description

The DAO is currently using a _linear vesting_ contract to pay grantees. This proposal aims to replace the current second-by-second schedule with a regular 30-day payment scheme. The new vesting contract should also allow the DAO to preemptively pause the vesting contract, to later decide to resume it or revoke it.

Voting Power

00.5M1MRequired to pass12/0712/0912/1012/1212/13
YesNo

5 Comments

yemelDec 14, 2022

[quote="Doug-NFTWorld, post:4, topic:16988"] Why bi-weekly instead of weekly? The current vesting structure allows me to pay freelancers as needed on my grant. Having to wait 2 weeks in between vesting periods would slow things down. [/quote] The proposal calls for payments every 30 days. You should budget your proposal accordantly. Maybe you are talking about the option to start the project the 1st or the 15th. That was a contribution from a community member: ![Screen Shot 2022-12-13 at 9.21.07 PM|403x500](upload://9SKIY937goDlgVh3Ep8Ry1AlCWo.png)

daoDec 13, 2022

DAO Grants Program - New Vesting Contract This proposal is now in status: PASSED. Voting Results: * Yes 97% 5,574,766 VP (44 votes) * No 3% 231,734 VP (1 votes)

Doug-NFTWorldDec 08, 2022

Why bi-weekly instead of weekly? The current vesting structure allows me to pay freelancers as needed on my grant. Having to wait 2 weeks in between vesting periods would slow things down. I'd vote yes on this if it were amended for weekly vesting instead of bi-weekly vesting.

EibrielDec 08, 2022

Looks great, more flexibility to the Committee, and less stress to the grantees.

yemelDec 06, 2022

I want to thank all contributors for the the comments and feedback shared on the previous post. https://forum.decentraland.org/t/draft-restructuring-the-grants-program/16810