Below are the steps and estimated timeline to complete for a Round of retroactive grant funding.
It also provide some information on how voting works and what to expect as members of the DAO.
This is a guideline only and can be changed as the members see fit.
Assign roles for marketing outreach.
Introduce time and expense tracker. All members should record their time and expenses throughout the round.
Build marketing material to promote awareness to upcoming round.
Assigned members begin outreach to potential applicants. Application is here.
- Review applications and adjust outreach plan as needed.
Run a weighted vote to determine the LID members deserving of funds based on their contribution.
Example: Titan contributed 10hrs and $400 in expenses, Chase contributed 20hrs of outreach and Papa Bear knows the founder of a large app the uses Livepeer and helped them through the application process. Members may weigh these contributions as 33.3% each as they would be considered potentially equal contributions. (each member will decide for themselves)
Run a weighted vote to determine how much of the round will be distributed to LID members.
Example: 10% of the round will be distributed to members.
Run a weighted vote to determine the impact of each project that has applied for the round.
Example: 20 total applicants where each will receive a percentage of the remaining 90% of the funds.
Create a split contract with the results of the previous 3 votes.
Submit a vote to the Livepeer treasury to fund the split contract based on the efforts of the DAO.
If vote passes, call smart contract to pay all recipients. If vote fails, gather feedback, adjust and try again.
Below is a flowchart of the funding model.
If you have any comments or improvements please leave them below.
Thanks for being in the DAO!