by 0x858343382132b9ab46c857a7d52fdbafc039f784 (Zino)
This proposal aims to create the structure and guidelines for the New Committee who decides when to revoke grants, to function effectively.
The New Committee will have the sole responsibility to order the revocation of a Grant provided by the Decentraland DAO.
This New Committee is important to decentralize the decision-making process of deciding which grants should be revoked, to take care of the DAO treasury. If this draft proposal passes, the path to revocations would be the following:
- The Grant Support Squad recommends the New Committee to review a case when the grantee doesn’t comply with the terms and conditions and the Grant Framework.
- The New Committee of 5 members will study each case and would have the opportunity to request extra information regarding the case presented, and has the responsibility to provide a resolution to the community, either to revoke a grant or not to revoke a grant.
- If a grant should be revoked, the DAO committee will execute the revocation
During the 5 months that the Grants Support Squad has been active, we got to know the grantees on video calls, spent time with them, listened to their needs, provided support in various forms, and have seen successful grants.
Walking through those 58 grants that finished ($3.5M USD) before the Grant Support Squad existed, we detected that 17 grants had some concerns regarding what they had first stated in their proposal and the finished projects. This represents 1,3M USD. Almost 50% of the funds provided.
In the current active grants, we found cases where they were not able to complete the project that the community had voted on, and some other projects that were delayed on the proposed roadmap. The difficulty in these cases is that the contracts of these grants were still vesting, without clarity if they were able to complete their grants successfully.
For that reason we recommended the DAO Committee (who has the ability to stop the vesting contracts using the contract action “revoke”), to execute the only technical mechanism that the DAO has to make sure those vesting contracts were stopped, as a preventive action. As soon as the grantee delivered according to their proposed roadmap, the DAO Committee also took the commitment to create a new vesting contract for the funds remaining.
The Grant Support Squad has started to work on the improvement of the Grants Program, particularly finding tools to mitigate the negative impact that a revocation has on the grantees.
This New Committee proposal would give an opportunity to the grantees to argue during the “revocation process”. This would mitigate the “centralized power” of the DAO Committee to judge the case, and execute the decision.
The New Committee is constituted by 5 members and 2 substitutes. The committee must be able to act immediately in case of a revocation request and each committee member will be compensated with 200 USD in MANA per case.
There will be a 6 month temporary Committee, until the Grant Support Squad opens a call for the DAO to select their representatives. This committee selected is expected to be in office for twelve (12) months and could be re-elected only for one consecutive period.
The Grant Support Squad is proposing the first temporary members to be:
Gino Cingolani: Product Lead DAO governance App.
Nathalie Nuñez: Member of the DAO Facilitation Squad.
Nacho Mazzara: Engineer Manager Decentraland Foundation.
Dax: Decentraland DAO Backend Developer.
Mattimus: Software Engineer - DAO Committee.
Substitutes: They will be summoned when a New Committee member is involved in a conflict of interest or if a committee member is unavailable to join a case.
Yemel Yardi: Software Engineer - DAO Committee.
Nikki Fuego: 3D Artist and Game Maker for Decentraland DAO
The New Committee Committee starts to act when:
There is a formal request through a form.
The Grant Support Squad will request the grantee to respond within four (4) days, to the concerns raised.
After that, The Grant Support Squad will send, in the course of following four (4) days, the arguments for the New Committee to evaluate the case. This triggers a preventive revocation, later to be executed by the DAO committee.
After that, the New Committee will have six (6) days to discuss the case among the 5 members.
During the period of six (6) days, the New Committee has the ability to request further information to the Grant Support Squad or the Grantee about the case presented, not exceeding 30 days.
After that, the Grant Revocation Committee has five (5) days to publish the final resolution.
Conflicts of interest
Any member of the New Committee should be prevented from participating in a case when:
They have participated in the Grant as advisors, paid members of the team, or if they are beneficiaries of the Grant.
The grantee under review is recognized to be a relative, close friend or public enemy from the committee member.
The committee member has a commercial relationship with the grantee.
Before starting the revocation process, the committee member is involved in the process to be removed from the New Committee.
They have received “gifts” from the grantee within the period of the grant, including the grant’s proposal voting period.
The New Committee will reach the final decision by simple majority.
The resolution should be clear and public. This contains the committee’s arguments on why the grant should/should not be revoked.
The Final decision will be notified in the Grant’s proposal page as a comment, in the grant’s dedicated discord channel and the DAO Newsletter.
With this draft proposal we aim to gather feedback and inputs from the community regarding this proposed framework with the objective of creating a final governance proposal that includes the vision and needs of our grantees and the community.
Please feel free to add any comments and suggestions into this document.