1. Bidding & Tender process
More details on the Bidding and Tendering process can be found here. It is worth highlighting the text below indicates the Bidding and Tendering process stands as separate from the grants program and different from the grants program in a number of structural ways.
2. Need for financial services
Decentraland DAO has already expressed a strong desire through governance for Financial Reporting. This proposal should allow that need to be met and which we believe will help support the sustainability and success of Decentraland DAO.
3. Value for money
This proposal would represent only a small fraction of total spend at Decentraland - yet upon implementation will offer the DAO the largest and most stable revenue stream to fund ongoing operations.
We believe the Decentraland Community finds itself at a crucial juncture. While the DAO has grown significantly and continues to flourish, several formidable challenges have raised concerns within the community. These include:
- Monthly expenses surpassing income
- Lack of diversity and strength of DAOs income streams
- Lack of robust financial reporting, planning and long term budgeting
- Challenges around the efficacy of the grants program and spending.
- Sell pressure on MANA and significant DAO dependance on the token.
Together, the following challenges create a significant risk to the long-term sustainability of Decentraland DAO. Without an immediate course change, continuing down the current road could jeopardise the financial future of the DAO. We believe by addressing these challenges now, the DAO can secure its financial future and enhance its long term impact, prosperity, and success.