TLDR
This proposal is to continue funding the operations working group (originally funded here original proposal (see use of funds report 1 here ). The first working group experiment has been a huge success, which has allowed us to move quickly as a group, fund workers, give contributors small tips, as well as feel empowered with direct governance over funds.
Details
These funds will be added to the Rarible Dao Protocol Operations Working Group and will be used to fund all operating efforts. Our current treasury is down to ~$25k and are proactively seeking additional funding. Active members of the marketing WG include Eric, Noah, Mark, and Sarmad. All members have voting power WG, newly run on gnosis safe and parcel.
Eric Arsenault will act as the representative for this group, and ensure funds move to the DAO wallet address.
Payments will be made bi-weekly or monthly (as needed) to the following Ethereum address:
0xc9044DaabF32659aF9E6ecc58C7247f3Ec7d9C2f
Individuals who are paid by this working group will consider themselves independent contractors and will report taxes accordingly. Forms W8-BEN and W9 will be filled out accordingly before funds get distributed to them when appropriate. Eric and Noah will be responsible for collecting these forms.
Funding amount, and use of funds
See below for September Use of Funds:
So far we have used funds to set up our notion and discord - both essential communication tools for our DAO. We funded several hackathons. We also compensated Mark and Noah for their efforts in onboarding new members, desiging the onboarding flow, writing the DAO Notion, processing payments to workers, allocating Rari to developers, and reporting.
We are asking for an additional $50K equivalent in RARI as funding for the working group. These funds will be used to:
- Pay current workers for their contributions to onboarding, reporting, treasury management, and overall efficiency
- Hire new ops related roles as neccessary
- Fund any additional subscriptions managing documentation, email, and other important business tools
- Fund travel and working related expenses
- Continue to sponsor hackathon events
- We expect these funds will last a number of months (>3)
Accountability
The working group will be completely transparent around how funds are used, and provide reports at the end of each month outlining expenses. Reporting for September will be issed at next community call October 7th, 2021.
Members of the working group will continue attending community calls and will participate in governance processes.
Why should Rarible DAO fund this?
We need to keep pushing forward with the execution of a decentralized ecosystem. Ensuring that the rarible protocol continues to grow, be accountable, and operate efficiently is essential for our success.