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DAO Grants Program - Budgeting System

EnactedGovernance

Proposal Details

Author0xd11a…1f49
PublishedDec 14, 2022 06:08
Voting beginsDec 14, 2022 06:08
Voting endsDec 28, 2022 06:08
Snapshot#f5caddc

Description

The Decentraland DAO has been granted a [10-year vesting contract](https://vesting.decentraland.org/#/0x7a3abf8897f31b56f09c6f69d074a393a905c1ac) worth 222M MANA starting on Feb 19, 2020. The MANA in this contract vests every second, thus gradually increasing the size of the DAO’s fund, at a rate of 1.8M MANA per month. Also, the DAO has its own revenue streams such as marketplace fees and wearable curation fees. This proposal defines a strategy to limit the maximum amount of funds that can be allocated quarterly via the Grant Program.

Voting Power

03M6MRequired to pass12/1412/1712/2112/2412/27
YesNo

7 Comments

daoMar 07, 2023

DAO Grants Program - Budgeting System This proposal has been ENACTED by a DAO Committee Member (0xbfa6d24e6a061e9aea3447163fdfe045177dd40e)

daoDec 28, 2022

DAO Grants Program - Budgeting System This proposal is now in status: PASSED. Voting Results: * Yes 99% 10,663,397 VP (66 votes) * No 1% 4,656 VP (2 votes)

daxDec 14, 2022

ah got it, thank you! :pray:

web3nitDec 14, 2022

![Screenshot 2022-12-14 at 19.02.28|690x251](upload://8QFOi9f8oLYzuHoDWzUkwMSpqDd.png) Dcl-metrics is Platform. [https://docs.google.com/document/d/1gg1unb1niEnGRypScZaUK430I9HAlzGyR8HsTdD4VLM/](https://docs.google.com/document/d/1gg1unb1niEnGRypScZaUK430I9HAlzGyR8HsTdD4VLM/)

daxDec 14, 2022

Could you give an example of the categories using existing grants? just would like to have an idea of what you're thinking for categorization. For example, is dcl-metrics core unit? documentation?

TudamoonDec 14, 2022

[quote="dao, post:1, topic:17104"] Any community member can send a governance proposal to change the overall budget and distribution for the next quarter. Eventually, this could become a binding proposal without the need to go from Poll > Draft > Governance. [/quote] I see this, but I see this being problematic, is there a way to make a new procedure for this?

TudamoonDec 14, 2022

[quote="dao, post:1, topic:17104"] Calculate a total budget per category to spend at the beginning of each Quarter. [/quote] As for procedure, how will this occur? Is this going to have to be a pre-poll, draft-proposal, and final proposal each quarter? Or will this automatically have a poll where people vote? I like this idea, but I am asking for clarification on how this will be done.