We would like to address some points related to our proposal that may have caused confusion or misunderstanding.
The DAO Grants Program has existed for nearly two years. During this time, we recognize that the community had concerns about fund allocation, expenditure transparency, and the return on investment (ROI) of funded projects. Thanks to our task forceās dedicated efforts, we have provided the community with valuable insights and objective information.
Here are some key highlights of our work:
Allocated Funds: Since creating the Grants Program, the DAO has allocated $12,639,888 to grants.
Recovered Funds: We successfully recovered $448,949 from projects that did not fulfill their promises, either through recommendations to the Revocations Committee, refunds initiated by the grantee, or direct revocations through the old process that the DAO has. This ensures responsible fund management and accountability.
Grants Finished: We walked through with more than 145 grantees, representing $8,977,404 of the allocated funds, allowing the DAO to gather valuable insights from each projectās journey. Also, under the New Grants Framework (2023), we implemented the question requiring impact metrics that were delivered on their proposals, and now the DAO can measure the projectsā ROI for the first time.
Active Grants: Currently, there are 33 active grants totaling $2,474,104. These grants will conclude between November 2023 and August 2024. The Grant Support Squad will closely monitor these projects, identifying any concerns or assisting in addressing blockers. This oversight is a responsible use of DAO resources, accounting for just 3.8% ($94,250 funds we request) of the allocated funds of the active grants or 0.75% of the total funds allocated.
Itās important to note that the task forceās efforts not only cost the DAO $301,800 but also led to the recovery of $448,949, effectively costing the DAO nothing. Additionally, the investment in the Grant Support Squad, at 3.8% of the allocated funds of the active grants, is a prudent measure to safeguard the DAO Treasury and ensure project success.
Regarding the comments of @InJesterr @MetaTrekkers @serena . Thank you for your input. There is a conflict of interest in your votes as your grants were revoked or paused, based on solid objective arguments and determined by the Revocations Committee. We understand your frustration, and we hope you can be constructive in your comments and questions. For the ones posted, you have been read by our team, and weāll respond accordingly.
Kind regards.