Proposal: Allocate 60,000 OSMO from the community pool to a community multisig address to be spent on bootstrapping and managing the Osmosis community support DAO
The DAO will be controlled by a 3-of-5 community multisig. The admins of this multisig will be:
- Michael Barbera (TG @MikeBarb)
- Dennis Kim (TG @SJ_DK)
- Edwin Hartman (TG @DynamicManic)
- Justin M (TG @jm124578)
- Kevin Dizzle (TG @kevindizzle)
Every three months, the DAO will produce a transparency report detailing the use of funds in the previous quarter. The report is expected to state the amount of funds spent in the quarter, and for what purpose they were used. See sample-transparency-report.png included in this gist as an example of what is expected.
Initially, the DAO will assemble a team to manage channels specifically for Osmosis support issues. This team will be responsible for creating and maintaining a Telegram channel specifically for any technical problems or questions that Osmosis users might be having. The DAO will also provide support to Twitter users experiencing difficulty with Osmosis. Furthermore, the DAO will use funds for training new support staff members.
Over time, the DAO will spearhead more community-run initiatives and provide an organized process through which community pool funds can be allocated and dispersed. The DAO will eventually become informal community leadership regarding protocol governance. DAO members can help other community leaders formulate ideas for how to improve Osmosis and collaboratively draft and submit these proposals. In particular, the DAO will assume a leadership role in facilitating regular discussions about updating pool rewards and submitting proposals to this end.
This team will help increase decentralization in Osmosis by putting the community in charge of key operations and distributing OSMO back to community members who help onboard more users through technical support and general education. The DAO will set a precedent not just for Osmosis but the overall DeFi industry. This proposal is the first of its kind among DeFi protocols.
In coming years, the DAO will require additional funds to continue operating. The Osmosis community can allocate new funds to the DAO through future governance proposals.
Hi all,
Thank you @ronnydobbs for taking the time to engage in conversation with everyone. Your explanations so far have already provided clarity.
Osmosis is a wonderful platform, and what's even better is that there are volunteers who are trying to help support and broaden our community. Bravo!
Now, it seems you volunteers have had enough volunteering and would like to be compensated for your efforts. Makes sense.
In regard to Prop # 39, I see two large problems:
I do appreciate your efforts, and therefore would like to explain the above points.
1. The budget outweighs the value added
Simply put, Osmosis launched only a few months ago. It's terrific you all are helping the community in telegram channels, but:
2. There is little-to-no transparency for your plan.
So far you have provided an 8-row workbook screenshot and asked for approx $409,000 USD.
Imagine walking into a board room full of investors and asking them for $400k and providing the screenshot above.
You are essentially doing that now - all of us love Osmosis, some of us have participated in the Telegram group, but most of us are not familiar with you, and it appears as if five random humans are asking for money and promising to spread the hype as much as possible.
It would behoove you and future Osmosis propositions to put together a formal paper with the following structure:
Side note: it would also be nice to have a standard template for proposal texts (for example, a mandatory contact and links section)
Since you are asking to form a DAO (although, it's not really decentralized, so it's more of just asking for money), it's common in the professional world (this includes DeFi) to include a detailed plan, outlining your activities for investors to critique. This ties the amount of money you are asking for with actionable metrics or Key Performance Indicators (KPIs)
I have taken the time and put together an example quarterly report for your proposal. Please have a look now.
You will see in cell D52 that the hourly salary per employee comes out to around $39/hour. From a return on investment standpoint, this means that each employee should bring at least $39 of value to the Osmosis platform per hour.
How do you plan to do this exactly?
By calculating the number of messages in Telegram, Reddit, etc., we can essentially boil down the cost of each user ("Customer Acquisition") such that it becomes clear if we are wasting our time talking about Osmosis, or spending our time building a better Osmosis.
Conclusion
I encourage readers to vote "no"
I hope you don't take offense to how this post is written. I hope it's clear by the time I put into building the spreadsheet that I also care very much about the platform. We simply need to set appropriate standards such that the future becomes brighter.