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Introduced four new proposals (5.5, 5.6, 5.7, 5.8) (#251)
Co-authored-by: Luc <[email protected]>
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| Original file line number | Diff line number | Diff line change |
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| {/** @type {import('@/lib/mdxPageProps').MdxMetaProps} */} | ||
| export const meta = { | ||
| description: 'This specification is the amount requested from the DAO treasury to the Public Goods Multisig to fulfill anticipated budgetary needs through September 2024.', | ||
| emoji: '📖', | ||
| contributors: [ | ||
| 'coltron.eth', | ||
| 'vegayp.eth', | ||
| 'simona.eth' | ||
| ], | ||
| proposal: { | ||
| tally: '48839151689001950442481252711111182244814765601408465024742109276815020082612', | ||
| type: 'executable' | ||
| } | ||
| }; | ||
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| # [EP 5.5] Funding Request: ENS Public Goods Working Group Term 5 (Q1/Q2) | ||
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| ## Abstract | ||
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| The ENS Public Goods Working Group requests funding to **support operations until the September 2024 funding window**. | ||
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| The Public Goods working group funds projects and builders improving the Web3 ecosystems. This funding stream is authorized in [Article III](https://docs.ens.domains/dao/constitution#iii-income-funds-ens-and-other-public-goods) of the ENS DAO Constitution. This funding supports initiatives related to open-source software, tooling, research, and any practical implementations that broadly benefit a wide range of users of Ethereum and Web3. | ||
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| This social proposal is submitted to satisfy the requirements set out in Rule 10.1.1 of the Working Group Rules ([EP 1.8](https://docs.ens.domains/v/governance/governance-proposals/term-1/ep12-working-group-rules)) and further required by [this snapshot proposal in Nov. 2023 modifying steward rules](https://snapshot.org/#/ens.eth/proposal/0x26a5c8dec547837495707e70446d1e7cd874a91f75753c602998f6e70083a266). If this proposal is passed, the funding request will be included in a collective executable proposal put forward by all three Working Groups. | ||
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| ## Specification | ||
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| The balance of the Public Goods multisig at the time of Snapshot contained 147.2k USDC and 33.5 ETH. | ||
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| If passed, this proposal will transfer 450.3k USDC and 21.5 ETH from the DAO wallet to the Public Goods working group to accommodate the proposed budget below. | ||
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| ### Balances (March 2024)* | ||
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| | **USDC** | **ETH** | **ENS** | | ||
| | :------- | :------ | :------ | | ||
| | 147.2k | 33.5k | 200 | | ||
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| *Balances above reflect amounts at time of original proposal at time of Snapshot. Current balance information can be found at [https://enswallets.xyz](https://enswallets.xyz). | ||
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| ### Expected Spend (Through September 2024)* | ||
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| | **Initiative** | **USDC** | **ETH** | | ||
| | :------------------ | :------- | :------ | | ||
| | Large Grants | 387.5k | 0 | | ||
| | Small Grants | 0 | 50 | | ||
| | Bounties | 45k | 0 | | ||
| | Events + Hackathons | 115k | 0 | | ||
| | Discretionary | 50k | 5 | | ||
| | **Total** | **597.5k** | **55** | | ||
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| *Multisig contains 200 ENS that has no planned use. This may be transferred back to the DAO wallet during the term. | ||
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| --- | ||
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| ## Description of Initiatives | ||
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| ### Large Grants | ||
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| Grants up to 50k USDC with applications accepted on a rolling basis throughout the year-long term. Large Grants will resume in Q2. With five grantees completing milestones from last term, the budget includes remaining payouts yet to be disbursed. We plan to add at least two more grantees during Q2 while piloting new grants management software. In the second half of the year, we will run another full-size round supporting up to 10 grantees at a time with a 200k USD total prize pool. | ||
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| ### Small Grants | ||
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| Multiple micro-grants voted on by the community. Small Grants will resume during the first half of the year shortly after ETHDenver. We have added the amount expected to spend through the end of the year with no increase from last term. This is approximately 12.5 ETH per quarter. With market fluctuations, stewards may right-size and lower the amounts distributed during round. | ||
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| ### Events and Hackathons | ||
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| The working group will support Public Goods events and hackathons. Funds have included expenses related to the funding of hackathons, events, and related participation in events (judging, panels, speaking) where necessary. | ||
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| The current earmarked events are: | ||
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| * [ETHGuatemala](https://ethereum.gt/) | ||
| * [EthLatam](https://ethlatam.org/) | ||
| * [ETHGlobal London](https://ethglobal.com/events/london2024) | ||
| * [ETHCanal](https://www.ethcanal.xyz/) | ||
| * [ETHCC](https://ethcc.io/) | ||
| * [ETHGlobal Brussels](https://ethglobal.com/events/brussels) | ||
| * [DAO Tokyo](https://dao-tokyo.xyz/) | ||
| * [ETHGlobal San Francisco](https://ethglobal.com/events/sanfrancisco2024) | ||
| * [ETHGlobal Bangkok](https://ethglobal.com/events/bangkok) | ||
| * [Devcon](https://devcon.org/en/) | ||
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| This list is not guaranteed as several events are still in the planning stages. The PG stewards will continuously assess opportunities to expand the public goods conversation and collaborations. | ||
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| ### Discretionary | ||
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| The funds in this initiative are reserved for additional grant opportunities and expenses that arise during the term. Spending on this initiative is at the discretion of the working group stewards. |
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| {/** @type {import('@/lib/mdxPageProps').MdxMetaProps} */} | ||
| export const meta = { | ||
| description: 'This EP authorises metagov to withdraw 30 ETH from the endowment each month for fees, and reimburses metagov for 43.54 ETH in fees already incurred.', | ||
| emoji: '📖', | ||
| contributors: [ | ||
| 'nick.eth' | ||
| ], | ||
| proposal: { | ||
| tally: '45720656345448826187222659689199787286494046921153399380076959662321080408931', | ||
| type: 'executable' | ||
| } | ||
| }; | ||
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| # [EP 5.6] [Executable] Enable Self-Funding for the Endowment | ||
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| Authorizes metagov to withdraw 30 ETH from the endowment each month for fees, and reimburses metagov for 43.54 ETH in fees already incurred. | ||
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| ## Abstract | ||
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| This proposal outlines a strategic shift allowing the Endowment to autonomously finance its operations. Specifically, it grants the Metagov stewards the authority to withdraw up to 30 ETH monthly from the Endowment, designated for payments to karpatkey and [@steakhouse](https://discuss.ens.domains/u/steakhouse) for their services in managing the Endowment. This initiative provides the stewards with a direct allowance for these expenses, eliminating the need for these costs to be continually factored into their requests for DAO budget allocations. | ||
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| Additionally, this proposal seeks to reimburse the [Metagov Safe](https://etherscan.io/address/0x91c32893216dE3eA0a55ABb9851f581d4503d39b) for the payments made to karpatkey and Steakhouse Financial during 2024, covering the service fees for [January](https://etherscan.io/tx/0x4ef4b34d397e6ce1fbe1fbe3e94340dcf02d590fc9d93c7107a76282beb201c6) and [February](https://etherscan.io/tx/0xdd631a42ccc3762e285276043926c52b86dedbc70fa34dddd611585a38534a89), which total 43.54 ETH. | ||
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| ## Motivation | ||
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| Since the initiation of the Endowment through the execution of the [first tranche](https://discuss.ens.domains/t/ep3-4-executable-fund-the-endowment-first-tranche/16277#specification-3), payments to karpatkey and Steakhouse Financial for their services have been categorized as operational expenditures. These costs were funded through the Metagov Safe, necessitating routine funding requests from the Meta-Governance Working Group to the DAO. | ||
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| To simplify and enhance the financial autonomy of the Endowment, we propose granting a monthly allowance of up to 30 ETH to the Metagov Safe by leveraging the Spending Limits feature available on Safe. | ||
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| This measure allows Metagov stewards to settle Endowment fees directly from funds within the Endowment itself, thus eliminating the regular necessity to refill the Metagov Safe. Should the allowance cap be reached, further withdrawals will be paused until the commencement of the next 30-day cycle. This adjustment eradicates the need for frequent funding operations, paving the way for the Endowment's sustained self-sufficiency. | ||
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| The monthly cap of 30 ETH has been carefully chosen to align with the Endowment's scale and historical fee structure, ensuring it suffices to cover monthly expenses. Should there be a need to revise this limit to better suit future requirements, adjustments can be facilitated through the submission of a new proposal. | ||
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| Finally, to ensure the strategic shift is applied retroactively from the outset of 2024, this proposal requests that the Endowment reimburse the Metagov Safe for expenses incurred through payments to karpatkey and Steakhouse Financial. This reimbursement, aimed at covering the service fees for January and February 2024, amounts to a total of 43.54 ETH. | ||
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| ## Specification | ||
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| The following payload will be executed by the DAO Wallet to create the mentioned allowance and refund: | ||
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| ```plaintext | ||
| Calldata: | ||
| 0x6a76120200000000000000000000000040a2accbd92bca938b02010e17a5b8929b49130d0000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000014000000000000000000000000000000000000000000000000000000000000000010000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000003c000000000000000000000000000000000000000000000000000000000000002448d80ff0a000000000000000000000000000000000000000000000000000000000000002000000000000000000000000000000000000000000000000000000000000001eb004f2083f5fbede34c2714affb3105539775f7fe6400000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000024610b5925000000000000000000000000cfbfac74c26f8647cbdb8c5caf80bb5b32e4313400cfbfac74c26f8647cbdb8c5caf80bb5b32e4313400000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000024e71bdf4100000000000000000000000091c32893216de3ea0a55abb9851f581d4503d39b00cfbfac74c26f8647cbdb8c5caf80bb5b32e43134000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000a4beaeb38800000000000000000000000091c32893216de3ea0a55abb9851f581d4503d39b00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000a8c00000000000000000000000000000000000000000000000000000000001b33acd000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000041000000000000000000000000fe89cc7abb2c4183683ab71653c4cdc9b02d44b700000000000000000000000000000000000000000000000000000000000000000100000000000000000000000000000000000000000000000000000000000000 | ||
| Target: | ||
| 0x4f2083f5fbede34c2714affb3105539775f7fe64 | ||
| Value: | ||
| 0 | ||
| Calldata: | ||
| 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 | ||
| Target: | ||
| 0x4f2083f5fbede34c2714affb3105539775f7fe64 | ||
| Value: | ||
| 0 | ||
| ``` |
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