by 0x858343382132b9ab46c857a7d52fdbafc039f784 (Zino)
Linked Draft Proposal
Refine Grant Categories and percentage of budget (Stage B)
Summary
The Grants Support Squad, with support of the Decentraland community, is considering changes to the budget distribution within the Grants Program. The goal is to reallocate funds based on community feedback and the historical usage of categories.
Abstract
According to the Poll Proposal to improve the DAO Grants Program that passed, and the Binding Governance Proposal which defined the current categories, we are moving forward with Stage B from the poll mentioned.
Motivation
We are presenting a draft proposal of budget distribution, that takes into account the community feedback to reduce the percentage of allocation of budget from less used categories along with the increase of budget in categories that were used the most.
To come to these percentages, we have analyzed the history of grants funded, which shows where the funds were allocated per Quarter, year, category, team/group requesting the fund, and which of those had concerns. We have also used as reference the amount of DAI allocated per category, taking the Q1- 2024 ($2,058,595) into account. We propose the following:
- Platform: 50% ($1,029,297.50)
- Core Unit: 15% ($308,789.25)
- In-world building (ex in-world content): 15% ($308,789.25)
- Community Experiences: 10% ($205,859.50)
- Social Media: 4% ($82,343.80)
- Sponsorship: 2% ($ 41,171.90)
- Accelerator: 2% ($ 41,171.90)
- Documentation: 2% ($ 41,171.90)
Specification
For more context, to propose this draft we considered the feedback gathered from the mentioned poll , the governance proposal that passed to create the category Community Experiences, the rejected draft regarding the budget distribution in which the community expressed the need for platform category to have the higher percentage of the budget, and the Revocations Committee recommendations.
Impacts
The proposed changes in the budget will have the following impact:
- A more efficient use of the budget based on historical community needs and requests
- A focused investment in the improvement of Decentraland platform
- Reduction of budget from unused categories towards the allocation of the ones that will contribute to enhancing community engagement.
Implementation Pathways
- The Grant Support Squad will update the DAO Documentation, following the specifications of this Governance Proposal.
- The Governance Squad will add the New Category - community experience- into the GovAPP, inside the Request a Grant section.
- The DAO Committee will calculate the new Budget for implementation in Q2 2024, considering the new distribution.
Conclusion
Allocating fewer funds to categories less used, allows the allocation the budget based on the community needs, avoiding abolishing categories completely. Category budget distribution helps maintain clarity about project requirements for the community of grantees to comply with the expected impact.
