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Financial Reporting for Decentraland Grant Projects

PassedGovernance

Proposal Details

Author0x2ae9…5a9d
PublishedOct 25, 2023 13:28
Voting beginsOct 25, 2023 13:28
Voting endsNov 08, 2023 13:28
Snapshot#f547f7d

Description

The Decentraland DAO grants program, initiated in 2020, has made significant investments, allocating approximately 12 million dollars in funds to various projects. To ensure that these resources are utilized optimally and in alignment with our collective goals, it is imperative to evaluate the impact and effectiveness of our grants. Monthly financial reporting is a foundational step toward achieving this goal.

4 Comments

daoNov 08, 2023

Financial Reporting for Decentraland Grant Projects This proposal is now in status: PASSED. Voting Results: * Yes 99% 9,178,733 VP (101 votes) * No 0% 0 VP (0 votes) * Abstain 1% 1,456 VP (1 votes)

TheGoldGuyNov 03, 2023

I endorse this; it's greatly needed.

CheddarQuesoNov 01, 2023

Thank you.. yes, I agree.. we should be closely inspecting each individual grant budget and all categories collectively to determine where our money is going and where it is most effective. It's unfathomable that we are 2 years and 12mil deep in a grant project with multiple squads and comittees and talking about hiring financial advisors, diversifying, and safeguarding measures... yet lack basic monthly accountability, budgeting and expense analysis. We have the horse chasing the wagon. Safeguarding our treasury starts with knowing where our money is being spent and exactly what we are buying with it. I believe the community, despite all the weekly meetings we have, has really no clue even what happened to 80% of all grant projects funded... most of which have produced very little to benefit Decentraland or the DAO.

DedHeadJOct 25, 2023

Hi Cheddar, thank you for following through and bringing this to the Governance stage. I would have preferred that language was included to cover those Grantees who have been revoked and will still receive funds after the fact, like Biennale. They should also be required to provide reporting and I am not sure there is any language indicating they must also follow through. Not sure if it matters though, once they receive funds, they can just skip town anyway. Either way, this is absolutely a step in the right direction.