The pilot season of the SFC (season 0) has ended and, as we prepare to enter the new one, it’s a good time to reflect on the past 4 months. The SFC was established via the first proposal voted on Snapshot and the subsequent on-chain vote to send the funds in the multisig wallet:
The structure proposed a 1.5% of the DAO’s treasury (90.000 STANDARD tokens) to be allocated seasonally to the SFC to boost the growth of the Stakeborg DAO ecosystem by giving grants towards individual projects, guilds, subDAOs and contributor payments. The SFC sees fit to continue with the same proposed budget into the next season.
To date, the SFC funded 2 of 3 proposals requiring financial resources, namely the D2D partnership with DomainDAO established by Ostanescu via Snapshot and the Ambassador’s Program, kickstarted by Endi via Snapshot.
- The DomainDAO partnership proposal aims at securing a .dao domain for our DAO (stakeborg.dao) as well as raising awareness of us.
- The Ambassadors Program brought forward influential leaders that act on behalf of StakeborgDAO at meetings, on social media and generally in the outside world.
Given recent overall DAO activity dropping significantly, the required time for operating the SFC is hard to estimate. For this reason, we believe that, until the space picks up the pace and StakeborgDAO does too, the committee shall not be compensated in tokens for their activity.
As initially proposed, the team is formed of 1 lead and 6 reviewers controlling a 4/7 multisig. Moving forward, the SFC believes that this setup is ideal all the while there is a (needed) change in committee members as follows:
- Lead: Vlad
- Mihnea - will be stepping down
- Bogdan Gheorghe
- Alex Tudorache
- RaluW - will be stepping down
Given continuous involvement in the DAO, the SFC proposes MTK to fill in Mihnea’s place. We see a need for increased presence and involvement of the community in internal initiatives as well as a fresh, different perspective on the SFC operations. Thus, we’ve focused on the need of decentralization mentioned in the first SFC proposal.
The other place (RaluW’s) is therefore open for the taking through a public election on the Forum in the comments. For community members and the SFC to take notice of your application, please use the comment section below and answer the following questions:
- What’s your past and current involvement in StakeborgDAO?
- What are your skills and/or experience recommending you for this position?
- Why do you think you’re a good fit for this position?
During this season, the SFC observed both internal and external behavior towards proposals and strongly believes that the SFC should be a guiding body and not become a bottleneck for proposals. There needs to be a clearer purpose for the committee and, the way we see it is for the SFC to be a more passive entity, expressing its view on proposals with concrete arguments and letting the community decide what’s best, given its input.
In this way, the SFC allows community members to express their votes all the while providing a general sentiment backed by reason.
Another issue raised by current conditions is that of the STANDARD tokens held by the multisig. As the initial SFC proposal states, the SFC will return the said tokens back to the treasury, only to enact another on-chain vote and get back the full sum for the season (90.000 STANDARD). However, due to the state of the space and the work SFC has done during its preseason, there have hardly been any expenditures and, as such, the sum is almost intact (88,499.27 STANDARD at the moment of writing). One way of avoiding this is to keep the funds as they are and continue using them for the season to come (accounting for the 1500 STANDARD shortage).
Via this proposal we ask DAO members to discuss and vote on the following matters:
- Introducing compensation or not
- MTK as a new member of the committee, replacing Mihnea
- Keeping the STANDARD tokens in the multisig over returning them