Steward Council Call #3

Steward council members present:

SCM Missing:

Agenda

• Where are we on budgets and what’s the sentiment going into voting next week:

• dCompass 110 200$ (19k GTC - $5.8/GTC) for Season 14

• MMM 152,912 GTC for Season 14 (9% reduction)

• FDD $486,130 to fund Season 14

• Moonshot Collective Requesting a reduction (from 103.7K to 83.8K GTC)

• DAO Ops For S14, we request $ 989k USD or 179k GTC

  • Q about transparency

• Public Goods Funding 198K GTC as budget for Season 14

• Kernel proposal 96K in GTC for Season 14 (a 36% reduction from our original request of 150K GTC)

• Kudos proposal 6.6k GTC for Season 14 (May-July 2022) from 33.4k GTC

• Open discussion (please add topics)

• Q&A

• Kevin - token at all-time-low, bear market, it’s time to start saying no to things outside the core focus of GTC

  • QF protocol DAO w/o a protocol
  • Recommend voting no
    • Failed goal of shipping to mainnet
    • Outside of focus
  • Doesn’t see dCompass as a priority
  • dCompass & Kernel are outside the core focus

• TJ - voting no to both new proposals due to the unexpected nature of their appearance (showing up shortly before the vote)

• Lefteris - agree with Kevin. Sometimes not sure what that focus is, like the feedback and voters guide. I want to stay in focus, but I understand that I may be too narrow and want to hear other opinions. GTC DAO has been trying to do too much

  • Kevin - over the last year, DAOs that are self assembled but can’t make a decision on what to do in the future. CSDO working group has been assembled to figure out what we want to be when we grow up. Building the machine that builds the machine. Grants 2.0 as a focus. WS leads consensually agreed upon this in their meetings. TLDR; shipping grants 2.0 is the highest order item
    • Kris - Agreed. Don’t care about the bear market, prices fluctuate. Priorities are having a good treasury manager, what do we focus on? What do we fund?
      • Want to prioritize on protocol
      • increase sustainability
      • increase coordination within GTC DAO
    • Kris - Also voting no on the new ones (kernel should have half the budget). Our efforts should be focused on everything that makes us a protocol DAO. We need to prioritize
  • MURAL - https://app.mural.co/t/theready7827/m/theready7827/1651759127362/e725e0a698f03944495507ed206cf5f90bd07428?sender=sam3202
  • Simona - Mural was a means of getting us closer to what our purpose is. Focus isn’t just a problem of GTC, we can do a lot of things but should we? There is purpose in deciding short/medium/long term initiatives. Are we funding initiatives for each workstreams that are relevant to the DAO
    • Is Sybil essential to the core mission?
    • Kudos?
  • Simona - These have informed my choices. Good to see so many WS coming back with an adjusted budget, shows what should be funded right now vs what can wait

• Kyle W - I plan on updating my voters guide more. Supportive of TJ’s perspective of not funding Kudos & Kernel. New proposals are easy no’s, slight concession from MMM is interesting, FDD has been the hardest. FDD has been building in the wrong direction, for multiple seasons. Spent time w/ Joe on Friday, he’s amenable and interested in us shifting gears to focus more on protocols than human review. This is a space that’s new to FDD - Joe has experience with organizing people & events and that shows. Unsure of what’s fair to fund within FDD. Will need to talk to Joe and investigate alternatives to his proposal. Open to any blindspots I might have. How do we retool their budget proposal and what they plan to do in S14. They have reserves, would be okay to take a little bit of time.

  • TJ - Contributor to FDD, will have to abstain. One proposal was to freeze budgets, and skip a generation of budget increases, vote flat budgets this period, and demand these groups present a budget for 3 months from now - gives us 3 months to review vs 3 days.