One success metric for the ArbitrumDAO is its ability to embrace an ecosystem of grant programs run by independent organizations who all share the same vision: how to grow the ecosystem of builders and build a better Arbitrum.
To help bootstrap this process, the Arbitrum Foundation will allocate $250,000 USD and support the community to establish alternative frameworks for future grant programs approved by the ArbitrumDAO and as such create a pathway for the creation of multiple GrantDAOs, which can be governed directly by the ArbitrumDAO and operate independently of The Arbitrum Foundation.
We have put forth the motivation below alongside a set of guidelines, but we also encourage the ArbitrumDAO to see this as a stepping stone and it is ultimately up to the DAO to kickstart a long-term initiative to realize it.
A decentralized ecosystem ideally has decentralized funding sources. As part of the ArbitrumDAO’s mission to maximize decentralization and reap the benefits of such resilience, it is essential that there are several, non-dependent avenues for builders and contributors to obtain support and funding.
There are currently several ways for builders and contributors to obtain grants in the Arbitrum ecosystem:
While all of the above grant programs have been approved by the ArbitrumDAO and thus have been established pursuant to a decentralized vote, it should be anticipated that different grant programs will be administered by multiple entities, potentially even competing against one another for the best and most effective approach for administering a grant program as determined by the ArbitrumDAO. Of course, there remains the option for participants to follow the format of Foundation-supported programs, maintaining flexibility for the Arbitrum initiatives that choose to pursue this path.
We wish to take this opportunity to provide any eligible group, who may wish to set up their own Grants DAO, some guidance and recommendations that should be considered alongside best practices that are in the best interest of the ArbitrumDAO.
After all, while the Foundation has an obligation to protect the Foundation and ArbitrumDAO from legal and operational risks in respect to any programs which it administers/supports directly, Grants DAOs selected by the ArbitrumDAO would be entrusted with administering grants directly, subject to basic monitoring and reporting requirements.
This is what we would suggest is included in any Grant DAO proposal:
Additionally, we recommend the following key considerations for any new GrantsDAO:
The Arbitrum Foundation has allocated $250,000 USD to support the ArbitrumDAO community (including teams that are already building on Arbitrum, new groups seeking to contribute to the ArbitrumDAO, ArbitrumDAO delegates etc.) to set up new and independent GrantDAOs. It will be spent on a first-come-first-serve basis by engaging leading full service law firms (as provided by international reputable directories) alongside miscellaneous costs. This initiative should be viewed as a stop-gap until a larger initiative emerges from the ArbitrumDAO.
The funds can be accessed by prospective GrantsDAO applicants if the following conditions are met:
One success metric for the ArbitrumDAO is its ability to embrace an ecosystem of grant programs run by independent organizations who all share the same vision: how to grow the ecosystem of builders and build a better Arbitrum.
To help bootstrap this process, the Arbitrum Foundation will allocate $250,000 USD and support the community to establish alternative frameworks for future grant programs approved by the ArbitrumDAO and as such create a pathway for the creation of multiple GrantDAOs, which can be governed directly by the ArbitrumDAO and operate independently of The Arbitrum Foundation.
We have put forth the motivation below alongside a set of guidelines, but we also encourage the ArbitrumDAO to see this as a stepping stone and it is ultimately up to the DAO to kickstart a long-term initiative to realize it.
A decentralized ecosystem ideally has decentralized funding sources. As part of the ArbitrumDAO’s mission to maximize decentralization and reap the benefits of such resilience, it is essential that there are several, non-dependent avenues for builders and contributors to obtain support and funding.
There are currently several ways for builders and contributors to obtain grants in the Arbitrum ecosystem:
While all of the above grant programs have been approved by the ArbitrumDAO and thus have been established pursuant to a decentralized vote, it should be anticipated that different grant programs will be administered by multiple entities, potentially even competing against one another for the best and most effective approach for administering a grant program as determined by the ArbitrumDAO. Of course, there remains the option for participants to follow the format of Foundation-supported programs, maintaining flexibility for the Arbitrum initiatives that choose to pursue this path.
We wish to take this opportunity to provide any eligible group, who may wish to set up their own Grants DAO, some guidance and recommendations that should be considered alongside best practices that are in the best interest of the ArbitrumDAO.
After all, while the Foundation has an obligation to protect the Foundation and ArbitrumDAO from legal and operational risks in respect to any programs which it administers/supports directly, Grants DAOs selected by the ArbitrumDAO would be entrusted with administering grants directly, subject to basic monitoring and reporting requirements.
This is what we would suggest is included in any Grant DAO proposal:
Additionally, we recommend the following key considerations for any new GrantsDAO:
The Arbitrum Foundation has allocated $250,000 USD to support the ArbitrumDAO community (including teams that are already building on Arbitrum, new groups seeking to contribute to the ArbitrumDAO, ArbitrumDAO delegates etc.) to set up new and independent GrantDAOs. It will be spent on a first-come-first-serve basis by engaging leading full service law firms (as provided by international reputable directories) alongside miscellaneous costs. This initiative should be viewed as a stop-gap until a larger initiative emerges from the ArbitrumDAO.
The funds can be accessed by prospective GrantsDAO applicants if the following conditions are met:
So the Grant Dao will effectively act as a VC to provide funding for prejects that wish to develop on arbitrum? Isnt that introducing more opacity and complexity in the decision process for picking projects to support?
The GrantDAO is highly needed .really good to see innovations like this
So the Grant Dao will effectively act as a VC to provide funding for prejects that wish to develop on arbitrum? Isnt that introducing more opacity and complexity in the decision process for picking projects to support?
The GrantDAO is highly needed .really good to see innovations like this
This proposal to change the quorum threshold makes sense for governance agility, but it may also increase the chance of low-participation votes swinging decisions. Would you consider implementing a tiered quorum model depending on the proposal category?
Agree with the idea.
I think we can help with that :smiley: @jengajojo
This proposal to change the quorum threshold makes sense for governance agility, but it may also increase the chance of low-participation votes swinging decisions. Would you consider implementing a tiered quorum model depending on the proposal category?
Agree with the idea.
I think we can help with that :smiley: @jengajojo
Hello, this sounds like a great initiative, I do have the same questions on procedures and deadlines. Is there further information on the one we can refer to?
Also, the smart contracts must be deployed at the time of submitting the proposal?
Hello, this sounds like a great initiative, I do have the same questions on procedures and deadlines. Is there further information on the one we can refer to?
Also, the smart contracts must be deployed at the time of submitting the proposal?
Hi – I’m a representative of Gitcoin and we are excited and encouraged by the GrantsDAO initiative.
Having worked with various grant programs within Arbitrum, we've witnessed first-hand the innovation that defines the pioneering spirit of this ecosystem. As our strategies evolve, we're eager to share our experiences and learnings, especially regarding creating impactful and sustainable community-driven projects.
Hi – I’m a representative of Gitcoin and we are excited and encouraged by the GrantsDAO initiative.
Having worked with various grant programs within Arbitrum, we've witnessed first-hand the innovation that defines the pioneering spirit of this ecosystem. As our strategies evolve, we're eager to share our experiences and learnings, especially regarding creating impactful and sustainable community-driven projects.
We’re really excited about the plurality of programs and offerings that multiple grants DAOs could provide. There’s an opportunity to make the overall Arbitrum grants ecosystem 10x its effectiveness by sharing learnings and uniting these different approaches towards a set of shared, community-driven goals. At Gitcoin, we’re working on a similar approach by refining our essential intents and are enthusiastic about the opportunity to exchange ideas and insights with the Arbitrum community in this process.
In addition, fostering healthy relationships and knowledge sharing among the various GrantsDAOs is vital. The web3 space is still in its nascent stages, and a wealth of collective wisdom can be tapped into. By sharing our challenges, successes, and learnings, we can collectively enhance the efficacy and impact of our initiatives.
With this spirit of collaboration and shared growth, we would welcome the opportunity to ideate with this community and key stakeholders on what a more integrated role for Gitcoin within the Arbitrum GrantsDAO ecosystem could entail. We believe that this approach, combined with our experience in managing community-driven funding models, could add value to the GrantsDAOs initiative.
Our team is enthusiastic about the possibilities of this collaboration and is fully committed to bringing this vision to fruition with you. We look forward to discussing this proposal further and refining our approach in collaboration with the Arbitrum community.
Hi – I’m a representative of Gitcoin and we are excited and encouraged by the GrantsDAO initiative.
Having worked with various grant programs within Arbitrum, we've witnessed first-hand the innovation that defines the pioneering spirit of this ecosystem. As our strategies evolve, we're eager to share our experiences and learnings, especially regarding creating impactful and sustainable community-driven projects.
Hi – I’m a representative of Gitcoin and we are excited and encouraged by the GrantsDAO initiative.
Having worked with various grant programs within Arbitrum, we've witnessed first-hand the innovation that defines the pioneering spirit of this ecosystem. As our strategies evolve, we're eager to share our experiences and learnings, especially regarding creating impactful and sustainable community-driven projects.
We’re really excited about the plurality of programs and offerings that multiple grants DAOs could provide. There’s an opportunity to make the overall Arbitrum grants ecosystem 10x its effectiveness by sharing learnings and uniting these different approaches towards a set of shared, community-driven goals. At Gitcoin, we’re working on a similar approach by refining our essential intents and are enthusiastic about the opportunity to exchange ideas and insights with the Arbitrum community in this process.
In addition, fostering healthy relationships and knowledge sharing among the various GrantsDAOs is vital. The web3 space is still in its nascent stages, and a wealth of collective wisdom can be tapped into. By sharing our challenges, successes, and learnings, we can collectively enhance the efficacy and impact of our initiatives.
With this spirit of collaboration and shared growth, we would welcome the opportunity to ideate with this community and key stakeholders on what a more integrated role for Gitcoin within the Arbitrum GrantsDAO ecosystem could entail. We believe that this approach, combined with our experience in managing community-driven funding models, could add value to the GrantsDAOs initiative.
Our team is enthusiastic about the possibilities of this collaboration and is fully committed to bringing this vision to fruition with you. We look forward to discussing this proposal further and refining our approach in collaboration with the Arbitrum community.
I think the original intention of representative Dao is to better perform his duties, and it is a good proposal to give $ARB appropriate incentives.
hello This is a very nice and timely initiative by the AribitrumDAO. The need for GrantsDAOs will further boost the Arbitrum DAO’s efforts in building an inclusive and propelling Arbitrum Network. However, I need to understand the following very clearly;
I think the original intention of representative Dao is to better perform his duties, and it is a good proposal to give $ARB appropriate incentives.
hello This is a very nice and timely initiative by the AribitrumDAO. The need for GrantsDAOs will further boost the Arbitrum DAO’s efforts in building an inclusive and propelling Arbitrum Network. However, I need to understand the following very clearly;
New to this Forum and coming from a lawyer's perspective, but I believe there will be value accrued to the community in the long-term from two initiatives:
(a) sponsoring projects dedicated to building org structures and legal entity containers which are fit for Web3 environments - a combination of LexDAO and RnDAO working groups including several lawyers/law firms could provide this with a combination of open-source/public goods models and additional services - this type of initiative has been used for the development of model documents for private placement markets for example and is not a new concept; and (b) for a decentralized grant-giving system, you may consider a DAO incubator model with a series of required steps before the project is allowed to apply for a grant, i.e. the YC approach. This would be a self-sustaining system which would also filter proposals and Web3 contributions via an Innovation Labs model.
Keep LexDAO.org in mind as an organization that can help with law as a public good. Not just open source and standardize structures, but also keep it simple, easy and affordable for users. Imagine an app.kali.gg type experience.
LexDAO's lawyer and legal engineer directory will be up soon. We'll have peer review research available soon too.
Keep LexDAO.org in mind as an organization that can help with law as a public good. Not just open source and standardize structures, but also keep it simple, easy and affordable for users. Imagine an app.kali.gg type experience.
LexDAO's lawyer and legal engineer directory will be up soon. We'll have peer review research available soon too.
LexDAO has a grants program. So, assuming LexDAO joins Arbitrum, we could self-reference this a bit where LexDAO offers bounties / grants to the legal community to do the legal work for the various Arbitrum grant programs, including LexDAO, and then public goods productize those solutions.
An innovation here is LexDAO goes beyond a lawyer and legal engineer directory and applies the bounty strategy we use for developers to get work done. Of course this is pending a legal ethics analysis.
Great initiative! I have a couple of questions:
Could someone clarify the expected level of participation and support that a GrantDAO should provide? Beyond financial support, what kind of involvement is a GrantDAO expected to have in the development and progress of the projects it funds?
I'm also curious about the financial arrangement between GrantDAOs and the projects they fund. Specifically, does a GrantDAO take any ownership or equity stake in the projects it supports?
To help bootstrap this process, the Arbitrum Foundation will allocate $250,000 USD and support the community to establish alternative frameworks for future grant programs approved by the ArbitrumDAO
To help bootstrap this process, the Arbitrum Foundation will allocate $250,000 USD and support the community to establish alternative frameworks for future grant programs approved by the ArbitrumDAO
While all of the above grant programs have been approved by the ArbitrumDAO and thus have been established pursuant to a decentralized vote, it should be anticipated that different grant programs will be administered by multiple entities, potentially even competing against one another for the best and most effective approach for administering a grant program as determined by the ArbitrumDAO.
Agree with the idea. This approach may set a great precedent on how decentralised structuring in Grants can be scaled to involve more participants
multiple GrantDAOs is an exhilarating leap forward for the Arbitrum ecosystem! This bold move not only fuels the community's power to support a wide array of innovative projects but also perfectly captures the spirit of decentralization that Arbitrum stands for. Totally onboard!
Thanks for the clarification, so what it means is that, at the moment the chance is not yet open for grantees to begin the submission of their GrantsDAO application as the Proposers for the GrantsDAO have not concluded on the structure yet?
This is a very good and timely initiative by the AribitrumDAO. The need for GrantsDAOs will further boost the AribtirumDAO's efforts in building an inclusive and propelling Arbitrum Network. However, i need to understand the following very clearly;
Yes i agree totally in need
New to this Forum and coming from a lawyer's perspective, but I believe there will be value accrued to the community in the long-term from two initiatives:
(a) sponsoring projects dedicated to building org structures and legal entity containers which are fit for Web3 environments - a combination of LexDAO and RnDAO working groups including several lawyers/law firms could provide this with a combination of open-source/public goods models and additional services - this type of initiative has been used for the development of model documents for private placement markets for example and is not a new concept; and (b) for a decentralized grant-giving system, you may consider a DAO incubator model with a series of required steps before the project is allowed to apply for a grant, i.e. the YC approach. This would be a self-sustaining system which would also filter proposals and Web3 contributions via an Innovation Labs model.
Keep LexDAO.org in mind as an organization that can help with law as a public good. Not just open source and standardize structures, but also keep it simple, easy and affordable for users. Imagine an app.kali.gg type experience.
LexDAO's lawyer and legal engineer directory will be up soon. We'll have peer review research available soon too.
Keep LexDAO.org in mind as an organization that can help with law as a public good. Not just open source and standardize structures, but also keep it simple, easy and affordable for users. Imagine an app.kali.gg type experience.
LexDAO's lawyer and legal engineer directory will be up soon. We'll have peer review research available soon too.
LexDAO has a grants program. So, assuming LexDAO joins Arbitrum, we could self-reference this a bit where LexDAO offers bounties / grants to the legal community to do the legal work for the various Arbitrum grant programs, including LexDAO, and then public goods productize those solutions.
An innovation here is LexDAO goes beyond a lawyer and legal engineer directory and applies the bounty strategy we use for developers to get work done. Of course this is pending a legal ethics analysis.
Great initiative! I have a couple of questions:
Could someone clarify the expected level of participation and support that a GrantDAO should provide? Beyond financial support, what kind of involvement is a GrantDAO expected to have in the development and progress of the projects it funds?
I'm also curious about the financial arrangement between GrantDAOs and the projects they fund. Specifically, does a GrantDAO take any ownership or equity stake in the projects it supports?
To help bootstrap this process, the Arbitrum Foundation will allocate $250,000 USD and support the community to establish alternative frameworks for future grant programs approved by the ArbitrumDAO
To help bootstrap this process, the Arbitrum Foundation will allocate $250,000 USD and support the community to establish alternative frameworks for future grant programs approved by the ArbitrumDAO
While all of the above grant programs have been approved by the ArbitrumDAO and thus have been established pursuant to a decentralized vote, it should be anticipated that different grant programs will be administered by multiple entities, potentially even competing against one another for the best and most effective approach for administering a grant program as determined by the ArbitrumDAO.
Agree with the idea. This approach may set a great precedent on how decentralised structuring in Grants can be scaled to involve more participants
multiple GrantDAOs is an exhilarating leap forward for the Arbitrum ecosystem! This bold move not only fuels the community's power to support a wide array of innovative projects but also perfectly captures the spirit of decentralization that Arbitrum stands for. Totally onboard!
Thanks for the clarification, so what it means is that, at the moment the chance is not yet open for grantees to begin the submission of their GrantsDAO application as the Proposers for the GrantsDAO have not concluded on the structure yet?
This is a very good and timely initiative by the AribitrumDAO. The need for GrantsDAOs will further boost the AribtirumDAO's efforts in building an inclusive and propelling Arbitrum Network. However, i need to understand the following very clearly;
Yes i agree totally in need
We support this initiative for Arbitrum Grants DAO to have multiple grants program running at the same time to improve the quality of capital allocation and invite more diversity to the type of programs run and the domains they are run for. For any teams looking to propose a grants program, we would love to collaborate with them and identify areas of collaboration to maximise the impact of the grants program. More specifically around grants tooling, proposer sourcing, reporting and analytics and community involvement.
https://forum.arbitrum.foundation/t/support-to-establish-grantsdaos/19908/8?u=arbitrum
Hey @Griff , the $250,000 will be allocated by the Foundation for DAO-approved grant programs, and will be for legal-related work (as provided by the post) alongside miscellaneous costs to set up GrantsDAOs. It does not include the overhead for executing on the grants program - the GrantsDAO team will still have to go to the DAO Treasury to request for funds to run their grants program as part of their main proposal.
https://forum.arbitrum.foundation/t/support-to-establish-grantsdaos/19908/8?u=arbitrum
Hey @Griff , the $250,000 will be allocated by the Foundation for DAO-approved grant programs, and will be for legal-related work (as provided by the post) alongside miscellaneous costs to set up GrantsDAOs. It does not include the overhead for executing on the grants program - the GrantsDAO team will still have to go to the DAO Treasury to request for funds to run their grants program as part of their main proposal.
https://forum.arbitrum.foundation/t/support-to-establish-grantsdaos/19908/9?u=arbitrum
Hey @Maltiba , the ‘Proposals’ section on the forum can be used for new GrantsDAO applications. To be explicitly clear, the US$250,000 allocated by the Foundation is only for legal-related work (as provided by the post) alongside miscellaneous costs to set up approved GrantsDAOs. It does not include the overhead for executing on the grants program - the GrantsDAO team will still have to go to the DAO Treasury via a non-constitutional proposal to request funds to run their grants program.
If the Grant Program is already live and is only looking to apply to this initiative for support on legal and miscellaneous fees in setting up a GrantsDAO, then the team can also post on the ‘Proposals’ section of the forum via an informational, non-constitutional proposal that would subsequently go onto a temperature check on Snapshot.
There are no requirements per se on the composition of the GrantsDAO. That said, as a best practice, we would highly recommend for there to be at least 3 members in the GrantsDAO, so that they can be signers to a ⅔ multi-sig address that will receive funding from the DAO Treasury contingent on DAO approval.
There is no definite range as to the amount that can be requested for the GrantsDAO. That said, it is important to clarify that the US$250,000 allocated by the Foundation is only for legal-related work (as provided by the post) alongside miscellaneous costs to set up approved GrantsDAOs. It does not include the overhead for executing on the grants program - the GrantsDAO team will still have to go to the DAO Treasury to request funds to run their grants program. We highly recommend that potential GrantsDAOs reference previous DAO grant program proposals (e.g. Questbook, Pluralistic grants program) as a template for their own proposal.
The range of activities ultimately depends on the expertise of the GrantsDAO.
https://forum.arbitrum.foundation/t/support-to-establish-grantsdaos/19908/10?u=arbitrum
Hi @NathanVDH , for existing grant programs and new GrantsDAOs (1st question), as well as for changes for current grant distributors (3rd question), there are no policies set in place at the moment across the DAO, and it is possible for an ecosystem of grant programs to emerge, with new GrantsDAOs forming. It is entirely up to the DAO as to whether grant programs should overlap or not. The Foundation is putting together the framework and funds to support the effort, and how each program decides to interact with the other and the wider ecosystem is completely up to the teams, and the wider DAO to decide.
On organizational structure (2nd question), there isn’t a visual just yet. The closest thing we have at the moment is the Arbitrum Grants page, which shows all the different grants programs in one page. Perhaps, this is something that the different grants teams can come together to discuss and create. The Grants Ecosystem at the moment is a flat structure and there are no hierarchies from one grant program to another in the DAO - all are free to apply to any program, and there are no policies nor rules which state which programs are better suited than others.
We support this initiative for Arbitrum Grants DAO to have multiple grants program running at the same time to improve the quality of capital allocation and invite more diversity to the type of programs run and the domains they are run for. For any teams looking to propose a grants program, we would love to collaborate with them and identify areas of collaboration to maximise the impact of the grants program. More specifically around grants tooling, proposer sourcing, reporting and analytics and community involvement.
https://forum.arbitrum.foundation/t/support-to-establish-grantsdaos/19908/8?u=arbitrum
Hey @Griff , the $250,000 will be allocated by the Foundation for DAO-approved grant programs, and will be for legal-related work (as provided by the post) alongside miscellaneous costs to set up GrantsDAOs. It does not include the overhead for executing on the grants program - the GrantsDAO team will still have to go to the DAO Treasury to request for funds to run their grants program as part of their main proposal.
https://forum.arbitrum.foundation/t/support-to-establish-grantsdaos/19908/8?u=arbitrum
Hey @Griff , the $250,000 will be allocated by the Foundation for DAO-approved grant programs, and will be for legal-related work (as provided by the post) alongside miscellaneous costs to set up GrantsDAOs. It does not include the overhead for executing on the grants program - the GrantsDAO team will still have to go to the DAO Treasury to request for funds to run their grants program as part of their main proposal.
https://forum.arbitrum.foundation/t/support-to-establish-grantsdaos/19908/9?u=arbitrum
Hey @Maltiba , the ‘Proposals’ section on the forum can be used for new GrantsDAO applications. To be explicitly clear, the US$250,000 allocated by the Foundation is only for legal-related work (as provided by the post) alongside miscellaneous costs to set up approved GrantsDAOs. It does not include the overhead for executing on the grants program - the GrantsDAO team will still have to go to the DAO Treasury via a non-constitutional proposal to request funds to run their grants program.
If the Grant Program is already live and is only looking to apply to this initiative for support on legal and miscellaneous fees in setting up a GrantsDAO, then the team can also post on the ‘Proposals’ section of the forum via an informational, non-constitutional proposal that would subsequently go onto a temperature check on Snapshot.
There are no requirements per se on the composition of the GrantsDAO. That said, as a best practice, we would highly recommend for there to be at least 3 members in the GrantsDAO, so that they can be signers to a ⅔ multi-sig address that will receive funding from the DAO Treasury contingent on DAO approval.
There is no definite range as to the amount that can be requested for the GrantsDAO. That said, it is important to clarify that the US$250,000 allocated by the Foundation is only for legal-related work (as provided by the post) alongside miscellaneous costs to set up approved GrantsDAOs. It does not include the overhead for executing on the grants program - the GrantsDAO team will still have to go to the DAO Treasury to request funds to run their grants program. We highly recommend that potential GrantsDAOs reference previous DAO grant program proposals (e.g. Questbook, Pluralistic grants program) as a template for their own proposal.
The range of activities ultimately depends on the expertise of the GrantsDAO.
https://forum.arbitrum.foundation/t/support-to-establish-grantsdaos/19908/10?u=arbitrum
Hi @NathanVDH , for existing grant programs and new GrantsDAOs (1st question), as well as for changes for current grant distributors (3rd question), there are no policies set in place at the moment across the DAO, and it is possible for an ecosystem of grant programs to emerge, with new GrantsDAOs forming. It is entirely up to the DAO as to whether grant programs should overlap or not. The Foundation is putting together the framework and funds to support the effort, and how each program decides to interact with the other and the wider ecosystem is completely up to the teams, and the wider DAO to decide.
On organizational structure (2nd question), there isn’t a visual just yet. The closest thing we have at the moment is the Arbitrum Grants page, which shows all the different grants programs in one page. Perhaps, this is something that the different grants teams can come together to discuss and create. The Grants Ecosystem at the moment is a flat structure and there are no hierarchies from one grant program to another in the DAO - all are free to apply to any program, and there are no policies nor rules which state which programs are better suited than others.
This is an underrated forum post.
This is an underrated forum post.
I'm fully on board with the Grant DAO initiative proposed by the Arbitrum Foundation. It's a crucial step towards fostering a decentralized funding ecosystem that empowers builders and contributors within the Arbitrum community. The commitment of $250,000 from the Foundation speaks volumes about our dedication to nurturing a diverse and resilient community. Count me in for supporting and actively participating in this initiative.
This is amazing!
o help bootstrap this process, the Arbitrum Foundation will allocate $250,000 USD and support the community to establish alternative frameworks for future grant programs approved by the ArbitrumDAO and as such create a pathway for the creation of multiple GrantDAOs, which can be governed directly by the ArbitrumDAO and operate independently of The Arbitrum Foundation.
This is amazing!
o help bootstrap this process, the Arbitrum Foundation will allocate $250,000 USD and support the community to establish alternative frameworks for future grant programs approved by the ArbitrumDAO and as such create a pathway for the creation of multiple GrantDAOs, which can be governed directly by the ArbitrumDAO and operate independently of The Arbitrum Foundation.
This is very very exciting and I think it has never been done before in any DAO. Arbitrum really cares about decentralization on every level!
A decentralized ecosystem ideally has decentralized funding sources. As part of the ArbitrumDAO’s mission to maximize decentralization and reap the benefits of such resilience, it is essential that there are several, non-dependent avenues for builders and contributors to obtain support and funding.
There are currently several ways for builders and contributors to obtain grants in the Arbitrum ecosystem:
While all of the above grant programs have been approved by the ArbitrumDAO and thus have been established pursuant to a decentralized vote, it should be anticipated that different grant programs will be administered by multiple entities, potentially even competing against one another for the best and most effective approach for administering a grant program as determined by the ArbitrumDAO. Of course, there remains the option for participants to follow the format of Foundation-supported programs, maintaining flexibility for the Arbitrum initiatives that choose to pursue this path.
I feel this is a great move for growing the grant ecosystem in the Arbitrum DAO, we all know that sometimes competition is hidden under "collaboration" and the fact that Arbitrum is aware of the possibility of the grant programs competing sends a very healthy signal to the overall community :smiley:
The fact that some grant programs will compete is actually pozitive sum for Arbitrum DAO and ecosystem as a whole
The structure is indeed very helpful for anyone that wishes to create a GrantDAO. Can't wait to see how this proposals goes and grows :blue_heart: As a serial granteur I can't wait :smiley:
I agree totally with this
Hey Sov,
This could be a great opportunity for Gitcoin program's to take independence from Plurality Labs. Here is how this might work.
Hey Sov,
This could be a great opportunity for Gitcoin program's to take independence from Plurality Labs. Here is how this might work.
The legal funds are available to someone who has a proposal for funding already passed or in the works. Gitcoin could make a proposal to deliver 2 million ARB in grants funding. 1 milion for Arbitrum ecosystem specific rounds. 1 million to support the OSS and Eth Infra rounds. Gitcoin could agree to run this vital rounds on Arbitrum creating sequencer fees.
This would then allow Gitcoin to access the grant funding for alll legal work needed to establish a grant giving DAO that could payout Gitcoin rounds.
There is plenty more to discuss, I'm sure. Hopefully this gets us moving directionally.
summoning @cattin cause you have some ideas around this. Seems to me the "GrantsDao" needs are similar to what the Kali platform offers.
It may make sense to push this to LexDAO potentially to run point on this initiative and essentially deliver a white glove version of the Kali offering that fits specifically to the needs of Arbitrum. I may be a little rusty on legal frameworks as I haven't been on the cutting edge of this stuff for a year, but it seems like potentially a Master:Series relationship may fit this, but idk I'm not a lawyer I just pretend to be one on the internet.
I'm fully on board with the Grant DAO initiative proposed by the Arbitrum Foundation. It's a crucial step towards fostering a decentralized funding ecosystem that empowers builders and contributors within the Arbitrum community. The commitment of $250,000 from the Foundation speaks volumes about our dedication to nurturing a diverse and resilient community. Count me in for supporting and actively participating in this initiative.
This is amazing!
o help bootstrap this process, the Arbitrum Foundation will allocate $250,000 USD and support the community to establish alternative frameworks for future grant programs approved by the ArbitrumDAO and as such create a pathway for the creation of multiple GrantDAOs, which can be governed directly by the ArbitrumDAO and operate independently of The Arbitrum Foundation.
This is amazing!
o help bootstrap this process, the Arbitrum Foundation will allocate $250,000 USD and support the community to establish alternative frameworks for future grant programs approved by the ArbitrumDAO and as such create a pathway for the creation of multiple GrantDAOs, which can be governed directly by the ArbitrumDAO and operate independently of The Arbitrum Foundation.
This is very very exciting and I think it has never been done before in any DAO. Arbitrum really cares about decentralization on every level!
A decentralized ecosystem ideally has decentralized funding sources. As part of the ArbitrumDAO’s mission to maximize decentralization and reap the benefits of such resilience, it is essential that there are several, non-dependent avenues for builders and contributors to obtain support and funding.
There are currently several ways for builders and contributors to obtain grants in the Arbitrum ecosystem:
While all of the above grant programs have been approved by the ArbitrumDAO and thus have been established pursuant to a decentralized vote, it should be anticipated that different grant programs will be administered by multiple entities, potentially even competing against one another for the best and most effective approach for administering a grant program as determined by the ArbitrumDAO. Of course, there remains the option for participants to follow the format of Foundation-supported programs, maintaining flexibility for the Arbitrum initiatives that choose to pursue this path.
I feel this is a great move for growing the grant ecosystem in the Arbitrum DAO, we all know that sometimes competition is hidden under "collaboration" and the fact that Arbitrum is aware of the possibility of the grant programs competing sends a very healthy signal to the overall community :smiley:
The fact that some grant programs will compete is actually pozitive sum for Arbitrum DAO and ecosystem as a whole
The structure is indeed very helpful for anyone that wishes to create a GrantDAO. Can't wait to see how this proposals goes and grows :blue_heart: As a serial granteur I can't wait :smiley:
I agree totally with this
Hey Sov,
This could be a great opportunity for Gitcoin program's to take independence from Plurality Labs. Here is how this might work.
Hey Sov,
This could be a great opportunity for Gitcoin program's to take independence from Plurality Labs. Here is how this might work.
The legal funds are available to someone who has a proposal for funding already passed or in the works. Gitcoin could make a proposal to deliver 2 million ARB in grants funding. 1 milion for Arbitrum ecosystem specific rounds. 1 million to support the OSS and Eth Infra rounds. Gitcoin could agree to run this vital rounds on Arbitrum creating sequencer fees.
This would then allow Gitcoin to access the grant funding for alll legal work needed to establish a grant giving DAO that could payout Gitcoin rounds.
There is plenty more to discuss, I'm sure. Hopefully this gets us moving directionally.
summoning @cattin cause you have some ideas around this. Seems to me the "GrantsDao" needs are similar to what the Kali platform offers.
It may make sense to push this to LexDAO potentially to run point on this initiative and essentially deliver a white glove version of the Kali offering that fits specifically to the needs of Arbitrum. I may be a little rusty on legal frameworks as I haven't been on the cutting edge of this stuff for a year, but it seems like potentially a Master:Series relationship may fit this, but idk I'm not a lawyer I just pretend to be one on the internet.
Thanks for sharing these details about the GrantDAO initiative – it's really exciting to see ArbitrumDAO pushing for a more decentralized ecosystem. I've got a couple of thoughts and questions, though:
I don't understand exactly, is the $250k the amount being distributed by the DAO?
Does that include the overhead of executing on the grants program?
Or is it all overhead for designing and executing on the grants program and the amount to be distributed will be allocated later?
tnorm is right this absolutely is an underrated forum post
Hi everyone,
In agreement with the GrantsDAO - will definitely have to come down to proper structuring, adequate checks & balances together with internal operational & organisational mechanics that ensure efficiency & transparency.
Hi everyone,
In agreement with the GrantsDAO - will definitely have to come down to proper structuring, adequate checks & balances together with internal operational & organisational mechanics that ensure efficiency & transparency.
At Axis Advisory, we're currently working on a Report detailing how the ArbitrumDAO can establish a Cayman Islands Trust via on-chain governance with the underlying governance mechanisms as established by the ArbitrumDAO Constitution being interoperable with the Trust's legal mechanics (The Trust Deed).
We look forward to sharing this Report following the new year & hope that it provides the ArbitrumDAO with some much needed clarity re. legal structuring.
Kind regards, Joseph Axis Advisory
We do need a GrantDAO.
Thanks for sharing these details about the GrantDAO initiative – it's really exciting to see ArbitrumDAO pushing for a more decentralized ecosystem. I've got a couple of thoughts and questions, though:
I don't understand exactly, is the $250k the amount being distributed by the DAO?
Does that include the overhead of executing on the grants program?
Or is it all overhead for designing and executing on the grants program and the amount to be distributed will be allocated later?
tnorm is right this absolutely is an underrated forum post
Hi everyone,
In agreement with the GrantsDAO - will definitely have to come down to proper structuring, adequate checks & balances together with internal operational & organisational mechanics that ensure efficiency & transparency.
Hi everyone,
In agreement with the GrantsDAO - will definitely have to come down to proper structuring, adequate checks & balances together with internal operational & organisational mechanics that ensure efficiency & transparency.
At Axis Advisory, we're currently working on a Report detailing how the ArbitrumDAO can establish a Cayman Islands Trust via on-chain governance with the underlying governance mechanisms as established by the ArbitrumDAO Constitution being interoperable with the Trust's legal mechanics (The Trust Deed).
We look forward to sharing this Report following the new year & hope that it provides the ArbitrumDAO with some much needed clarity re. legal structuring.
Kind regards, Joseph Axis Advisory
We do need a GrantDAO.
