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Limit Fund Appropriation to Grant Proposals

PassedDraft

Proposal Details

Author0x76fb…7cb0
PublishedSep 28, 2022 08:02
Voting beginsSep 28, 2022 08:02
Voting endsOct 05, 2022 08:02
Snapshot#4748f2d

Description

This proposal calls for limiting fund appropriation from the Decentraland DAO to the established [Grants Framework](https://governance.decentraland.org/proposal/?id=b265e3e0-bcb0-11eb-a871-a927ffd81f49). - This framework comprises six (6) grant tiers, ranging from $1,500 USD in MANA to $240,000 USD in stable coin, with increasing voting power thresholds for each successive grant tier. Grants over $60,000 USD (Tiers 4-6) are distributed via a six (6) month vesting contract, with a one (1) month cliff period.

Voting Power

00.5M1MRequired to pass09/2809/3010/0110/0310/05
YesNo

3 Comments

daoOct 05, 2022

Limit Fund Appropriation to Grant Proposals This proposal is now in status: PASSED. Voting Results: * Yes 97% 2,574,353 VP (63 votes) * No 3% 82,155 VP (2 votes)

HPrivakosOct 01, 2022

[quote="esteban, post:2, topic:15649"] The binding governance proposals require more (or the same) voting power than the grants. [/quote] Currently, binding governance proposals needs 6M VP while 240k USD grants require 8M VP. I think it's good to prevent grants through binding proposals, but we need clear rules on how funds can be used through binding proposals. How do you differentiate 50k going to Blender versus 50k going to DG. Some initiatives might require funding from the DAO quicker than a grants (within a couple weeks rather than 6 months through grants). Fundings like the one DG got should not happens anymore IMO, but it's hard to put a clear and hard limit on what should and should not be allowed.

estebanSep 30, 2022

Thank you @Matimio for raising this concern! I think the DG vote was a complicated issue. I have the upmost respect for the team, but I also think the use of the funds was sub-optimal. On the other hand, I was in full agreement with the Blender support initiative -- I don't think the creators use any other 3D CAD software to build wearables for our platform... I think this restriction is unnecessary, so I voted no on it. The binding governance proposals require more (or the same) voting power than the grants. I do believe we need to act to continuously adapt to the circumstances as our DAO evolves, including: - Seriously analyzing some sort of quadratic voting mechanism (which requires something like Proof of Humanity or the privacy-respecting [HumanBound](https://humanbound.xyz/) tokens) - Increase the required VP to approve grants and/or governance proposals - Mechanisms to prevent corruptions and bribes in the different squads/working groups (unfortunately I don't have ideas for how to do this!) Even though I'm against this proposal, I completely support the decision if it passes. Thank you again for such a well written exposition of the case!