Round Timeline
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.
Initial Start
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Assign roles for marketing outreach.
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Introduce time and expense tracker. All members should record their time and expenses throughout the round.
Month 1
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Build marketing material to promote awareness to upcoming round.
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Assigned members begin outreach to potential applicants. Application is here.
Month 3
- Review applications and adjust outreach plan as needed.
Month 6
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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.
Month 7
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Create a split contract with the results of the previous 3 votes.
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Submit a vote to the Livepeer treasury to fund the split contract based on the efforts of the DAO.
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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!
Titan