by 0x247e0896706bb09245549e476257a0a1129db418 (LordLike)
This is a proposal for a committee of subject matter experts responsible for DAO financial management, which will include treasury diversification, MANA valuation analysis, monitoring of protocol expenses and treasury assets, and DAO financial model and strategy.
According to the outcome and report of this passed grant, it has been suggested that the DAO form a Finance Committee.
The committee will be responsible for analyzing all aspects of the DAO’s financial management, including treasury diversification, MANA valuation analysis, monitoring of protocol expenses and treasury assets, and developing a financial strategy for the DAO.
The purpose of this committee is to provide a clear picture of the DAO’s financial strength and ability to meet its obligations. To achieve this, the committee may need to gather and analyze various financial data, such as financial statements, budgets, and other reports.
Having a detailed financial model would benefit Decentraland as it would serve as a reference for operating decisions, such as revenue, expenses etc. This committee is crucial to driving forward important strategic initiatives, such as treasury diversification, data and analytics transparency, and expense reporting and management.
The tasks of the finance committee may include:
Treasury diversification to ensure that the DAO has enough stablecoins to fund operations in the event of a MANA price drop
Providing a financial model and strategy, and making relevant recommendations to the DAO
Providing reports on DAO’s financial performance, including platform financial statistics, treasury performance, expenses details, and implications on the long-term financial forecast
Maintaining, evaluating, and updating a living business operating model and financial projections to inform and drive strategic decision-making, such as expense management, treasury diversification, token swaps, and organic growth initiatives
Leading conversations and negotiations in financial transactions engaged in by the DAO, such as grants and token swaps
Approving and periodically reviewing the DAO’s annual budget and ensuring that funds are being expended for their intended purpose
Leading efforts and serving as the team liaison with the community regarding treasury management and diversification and risk management
Conducting ad-hoc financial analysis at the request of committees, squads, and the community to assist in financial decision-making
Conducting a financial audit at the request of committees, squads, and the community
Monitoring financial risk exposures and taking steps to control them, and flagging potential financial problems.
This proposal aims to provide a starting point for the community to come together and reach consensus on the need for this committee, its name, structure and exact responsibilities.
Yes: DAO should have a Finance Committee.
No: Leave as is.
- Invalid question/options
Vote on this proposal on the Decentraland DAO