by 0x0636211443e91468ee3657e1d7faede7059c4843 (nwiz)
This Governance Proposal aims to add a 100 VP requirement for Grant Request submissions.
Grants Program :
The Decentraland DAO possesses a MANA fund that has been set aside to help sponsor and facilitate the continual growth of the Decentraland platform. One avenue used by the DAO to achieve these goals is a Grants Program that was voted in place by the community.
This Grants Program allows any member of the community to request funding to help reimburse their efforts in community building and education, creating 3D content for the world, or implementing new features and improvements to the platform.
Grants can be requested by completing a Proposal form within the DAO. If approved by the community, then the DAO Committee will execute the transfer of funds to the grant beneficiary by means of a one-time transfer, or a vesting contract.
Voting Power is represented as “VP”. MANA, LAND, NAMEs & (𝘴𝘦𝘭𝘦𝘤𝘵) L1 Wearables contribute to your total Voting Power as follows:
- 1 MANA contributes 1 VP
- 1 NAME contributes 100 VP
- 1 LAND parcel contributes 2000 VP
- Wearable rarity ; Uncommon: 1 VP, Rare: 5 VP, Epic: 10 VP, Legendary: 100 VP, Mythic: 1000 VP
Currently, any wallet can request up to $240,000 from the Decentraland DAO with zero investment in the platform. A 100 VP requirement may reduce ‘opportunistic’ Grant Requests, prevent bot submissions and help alleviate voter fatigue.
A 100 VP requirement, same as Pre-Proposal Polls, would be added to Grant Requests.
*100 VP is a roughly $40 investment (current rate), of which could also be acquired through delegation.
A 100 VP requirement would disincentive Grant Requests being submitted by bots or users who have no real stake in Decentraland. Also, it could help encourage participation in the DAO by setting a minimum level of engagement that must be met before a Grant can be requested.
A check will be added to the Governance dApp to validate if the wallet has the required VP in order to submit the proposal. This will be informed to users as - ‘This action requires at least 100 VP. Buy MANA to get VP, or run for delegation.’
A 100 VP requirement for Grant Requests intends to prevent bot submissions and ensure users have some ‘skin in the game’ when requesting money from the Decentraland DAO.