Greetings Livepeer Community,
We are delighted to present a pre-proposal for the establishment of Video Builder DAO, a Decentralized Autonomous Organization dedicated to supporting individuals and teams who have previously built decentralized web3 video applications and tools that benefit the Livepeer ecosystem. Our proposal outlines the structure, objectives, and benefits of Video Builder DAO’s retroactive grant distribution system.
Video Builder DAO aims to recognize and support the valuable contributions made by builders in the decentralized web3 video space. Through our retroactive grant distribution system, we seek to reward past efforts, foster continued innovation, and strengthen the ecosystem. This pre-proposal outlines the framework for our DAO, including governance, grant distribution process, funding model, community engagement and feedback for improvements.
Video Builder DAO acknowledges the importance of incentivizing builders who have already made significant contributions to the decentralized web3 video ecosystem. We believe in the power of retrospective recognition and aim to provide support that enables further development and advancement in this domain.
The primary objectives of Video Builder DAO’s retroactive grant distribution system include:
Recognizing and rewarding builders for their past contributions to the decentralized web3 video ecosystem.
Encouraging builders to continue their innovative work and further enhance the ecosystem.
Facilitating knowledge sharing and collaboration among builders to collectively push the boundaries of web3 video technology.
Establishing a sustainable and inclusive community that supports ongoing development efforts.
Video Builder DAO will operate as a decentralized and community-governed organization. Key features of our governance structure include:
Token-based voting system to make collective decisions.
Each member of the DAO will be given one (1) DAO ERC-20 token for voting which holds a weight of 1 vote per member.
Clear guidelines for membership.
Eligibility of membership is available to any individual who has completed at least one of the following:
Please provide feedback about eligibility*
- Currently listed as an active Orchestrator
- Listed as one of the following Roles the Official Livepeer Discord:
- Livepeer Core Contributor
- Video Builder
- Mist Team
- Studio Team
Clear guidelines for participation.
Please provide feedback about participation*
We strongly encourage participation, therefore, any member who has abstained from voting on a proposal will have their membership revoked.
In addition, any member may be voted out with the passing of a “Membership Removal” vote.
Regular community forums and discussions.
Our primary form of discussion will happen in the Official Livepeer Forum website and a dedicated Discord Thread.
Transparent governance proposals and voting processes.
- All proposals must be submitted through the Official Video Builder DAO web portal and provide adequate details about the retroactive funding application.
- Any wallet, whether individual or team, may submit a proposal.
- Only token holding members of the DAO will be allowed to vote on a proposal.
- A 50% quorum and a 70% “For” vote must be met before a proposal may be awarded.
Actionable reporting on grant distribution, grantee accountability, and grant effectiveness.
A clear interface will be accessible to evaluate the historic on-chain transactions of the DAO as well as numerical evidence of grant effectiveness by determining the amount of increased network traffic brought in by each proposal.
Video Builder DAO’s retroactive grant distribution process will involve:
Identification of previously built decentralized web3 video applications and tools that have made significant contributions to the ecosystem.
Evaluation of the impact, innovation, and benefit to the community of each project.
Thorough review by a diverse panel of DAO members to ensure fairness and transparency.
Grant recipients selected through a transparent voting process by the DAO community.
The funding for Video Builder DAO will be sourced from the Tier one Livepeer Treasury and will submit an annual budget for replenishing funds into the Video Builder DAO Treasury. The budget will include projections for additional rounds of retroactive funding, use of previous funds and membership or organizational changes.
Video Builder DAO places significant emphasis on community engagement. Our approach includes:
Regular community meetings and a 15 minute dedicated slot about Video Builder DAO during the weekly Water Cooler Chats.
Online forums and communication channels for open discussions and idea sharing.
Collaborative initiatives with other web3 communities and organizations.
The establishment of Video Builder DAO’s retroactive grant distribution system will lead to various benefits, including:
Recognizing and rewarding builders for their past contributions, fostering motivation, and encouraging continued innovation.
Enhancing the decentralized web3 video ecosystem by supporting ongoing development efforts.
Facilitating collaboration and knowledge sharing among builders to collectively push the boundaries of web3 video technology.
Establishing a vibrant and sustainable community that actively supports builders and their projects.
We have devised a comprehensive implementation plan for Video Builder DAO, including:
Establishing the DAO’s technical infrastructure, tokenomics, and governance framework.
All voting and membership tokens contacts will be located on the Arbitrum-One network.
During the first year of development all contracts will be owned by the DAO contract deployer and all Treasury funds will be held by a multisig account. Until we achieve a degree of success that members vote on, we will upgrade the DAO into a full on-chain funding system with automatic payouts from the treasury and remove the need for a multisig account to release funds.
Conducting an extensive review and identification process to select eligible projects for retroactive grants.
Each proposal must include, but not limited to, the following:
- Project start and end date
- Budget of expenses
- Impact of project
- Team size
- Future plans.
Setting up community engagement channels and organizing initial proposals.
Our goal for our live web portal to accept initial proposals will be targeted for October 30, 2023. During the building phase, we will generate feedback from members and create the engagement channels we see fit.
The initial grant application to the Livepeer tier one fund will be submitted once more information is available about the tier one Treasury. Required information about budgeting will include distribution intervals, payment types and feedback from the Livepeer ecosystem.
This section will be formalized in an official budget.
Video Builder DAO’s retroactive grant distribution system aims to recognize and support the valuable contributions of builders who have previously built decentralized web3 video applications and tools. We invite you to further discuss this pre-proposal and explore potential ways to collaborate and contribute to the growth and development of Video Builder DAO.
Thank you for your time and consideration. We look forward to hearing from you.