MIP39c2-SP14: Add Strategic Marcomms Core Unit

MIP39c2-SP14: Add Strategic Marcomms Core Unit

Preamble

MIP39c2-SP#: 14
Author(s):@Kathleen
Contributors: @HBJ, @AdrienDLT, Francesco Alberti, Kaori Sato, @Sahabia, @Jose_Bell
Status: Request For Comment
Date Applied: 2021-06-8
Date Ratified: <yyyy-mm-dd>

Sentence Summary

MIP39c2-SPX adds Core Unit CPM-001

Specification

As part of our commitment to transparency and accountability, a list of documents related to this proposal are available for viewing and commenting in this public folder.

Motivation

MakerDAO has entered its next stage of growth. In six months, DAI circulation has more than quadrupled to 4.7 billion from 1 billion in November 2020. The surge takes place as the stablecoin market expanded exponentially in the past year.

Given the pace of growth in the current market environment, the unit believes it is a crucial time for MakerDAO to increase marketing initiatives to drive growth, maintain thought leadership, and gain market share.

Core Unit Name

Strategic Marcomms Core Unit
CPM-001

Core Unit Mandate

Strong brand strategy and consistency can create immense value for MakerDAO and its ecosystem. The team seeks to increase the visibility of MakerDAO and strengthen its reputation by strategizing, collaborating and coordinating marketing and PR efforts with other core units. In addition, the Strategic Marcomms assumes the responsibility of managing risks associated with MakerDAO’s brand reputation, brand assets (such as the homepage and the official blog), by working with technical operations. The unit has the following mandates:

  • Boost brand recognition and gain reputation by utilizing owned, shared, and earned media, including pitching and arranging media interviews with MakerDAO facilitators and relevant contributors
  • Promote Dai adoption by highlighting its benefits through educational content, case studies, workshops, events, and advertising placement
  • Increase the visibility of MakerDAO by planning and executing marketing programs, campaigns and community activities
  • Collaborate with other units to achieve objectives identified for MakerDAO
  • Strategize and coordinate marketing efforts with other core units to ensure the DAO has a cohesive marketing approach, brand voice and messaging.
  • Inherit and manage all brand assets & owned channels, including MakerDAO’s homepage, official blog, and social media accounts: Twitter, Linkedin, Facebook, and Telegram.
  • Act as PR gatekeeper to filter, coordinate and manage all PR and media requests and activities to protect MakerDAO brand reputation and grow its thought leadership through quality press publications and platforms.
  • Facilitate the use of MakerDAO’s brand assets, such as the official blog, and protect them from any potential security issues by working with techops.
  • Adapt and modify strategy as needed (research, market testing, localization, legal climate change, etc.)

Strategic Marcomms has the following functions:

Target audience

  • Key decision makers & thought leaders in TradFi, Fintechs, regulators, governments, NGOs, VCs, enterprise companies, media, and tertiary institutions
  • Unbanked & underbanked in developing (high growth) markets seeking to access financial services or/and hedge against inflation
  • DeFi enthusiasts, crypto users, and retail investors

Strategy

The Strategic Marcomms Core Unit has synthesized the marketing approach into 3 key strategies to elevate MakerDAO and win.

Strategy 1 - Elevate:

An always-on marketing approach is required to increase brand awareness, and drive top-of-mind brand recall.

The unit plans to execute the plan through leveraging the following:

  • Paid media (paid search, digital advertising, high impact out-of-home media, social media ads, etc.)
  • Events (keynote speakers, event sponsorships)
  • PR (earned media from reputable global and regional press)
  • Industry reports and MakerDAO owned channels (Twitter, LinkedIn, Website, Blog, etc.)

Strategy 2 - Boost:

This strategy looks to highlight and emphasize the ubiquitous effect of the Maker protocol and DAI.

It is done through marketing (including PR amplification) of existing and new use cases and deals in different industries. The team will also look for co-marketing opportunities to create initiatives and programs to demonstrate further DAI adoption and influence across sectors (like Universities, NGOs, Enterprises, SMEs, Governments, Developers, Financial Institutions, fintech, exchanges, investors, e-sports, etc.). The unit will utilize an ambassador program to build engagement and drive relevant local opportunities at appropriate moments/events.

Strategy 3 - Dominate:

These are high-impact initiatives and programs designed to showcase leadership and innovations which generate maximum engagement, word of mouth, and conversation.

The outcome of these initiatives is intended to be newsworthy, disruptive, and ambitious due to MakerDAO and DAI. For instance, it could be:

  • A grant to grow the next generation of DeFi coders powered by MakerDAO
  • Sponsoring a good lower division league sports team and support/bring the team to the championship
  • Collaborate with Shark Tank to create a Shark Tank DAI edition
  • Uplift a population of underbanked & unbanked residents of a town with DAI

Regardless of the initiatives, a longer planning cycle and separate budgeting will need to be set up for maximum success, impact, and traction.

Transparency and Accountability

  1. Transparency - Related documents and up-to-date reports are made available to ensure transparency.
  2. OKRs - The team will adopt Objective Key Results (OKRs) to manage priorities and deliverables. The team will set annual and quarter objectives and key results needed to achieve such objectives. Each contributor then will set their own key results based on the OKRs set by the team.
  3. Weekly Update - Update the community on our progress weekly.

Strategic Marcomms Discord Chat

For those who are interested in learning more about us, join our Discord server for further discussions on marketing and PR.

Related Documents

Core Unit Budget MIP
Core Unit Facilitator MIP

11 Likes

We appreciate the community members who have given us feedback. We look forward to sharing with you our plan tomorrow during the Core Unit Launch Pod Session.
Thank you @ElProgreso @mkrorbkr @Tosh9.0 @prose11 @Davidutro @seth @PaperImperium @juan @wouter @Nadia @g_dip @SebVentures @AstronautThis

12 Likes

Here’s our presentation on MakerDAO’s brand values and our strategy.

5 Likes

For anyone looking at the proposal, if you would like to practice your Spanish I invite you to connect to DeFi Latam 2nd Meetup, where Mariano Conti @nanexcool, Nadia Alvarez @Nadia, and me @Jose_Bell (team member of the Strategic Marcomms Core Unit that sent this proposal) will be talking about DAOs and The DAO hack that happened 5 years ago.

Para quien este revisando la propuesta, los invito a conectarse al segundo evento de DeFi Latam, en el cual Mariano Conti @nanexcool , Nadia Alvarez @Nadia, y yo @Jose_Bell (miembro del equipo Strategic Marcomms Core Unit que envió esta propuesta) estaremos charlando acerca de DAOs y el hack a The DAO ocurrido hace 5 años.

7:00 PM (GMT-3)

11 Likes

Great Jose!!! :fire::fire::fire:

Excellent Jose!!! It was great

Awesome Jose :sunglasses:

All, here’s a highlight of changes that are made for the revised proposal:

  • Improved transparency by making the following documents available to the community in a shared drive.
    • Introduction
    • Strategy
    • Target Audience and Markets
    • Roadmap
    • Budget
    • Team
    • FAQ
    • Hiring
  • Removed Moonshot Fund from the proposal
  • Reduced budget by 16% to 3.98 million DAI.

Please note that in the budget proposal, up to 1.46 million DAI under the Marketing tab (Column C, D, E, H, I, and L) will be returned if it’s unused.

4 Likes

Hi everyone, we have updated our roadmap/action plan. It provides a scope of work that goes into our unit. Keep in mind this is a working document as the team needs to remain agile and prioritize as needed.

3 Likes

Hi everyone,

I’m Guy Brandon, formerly of the Maker Foundation, unemployed as of 5:30pm on 30 June :slight_smile:

I wanted to introduce myself here as I’m part of the proposed SMCU but have held back from posting much on the forum while I’ve been in the Foundation.

I’m based in the UK and have been a freelance writer for almost 20 years. I’ve spent the last 7+ years working on communications and marketing in the crypto world, full time since 2017. I started freelancing for the Maker Foundation in January 2020, writing content for the blog, and later joined the Marcomms team more formally alongside Kathleen and others.

If the SMCU is voted in later this month I’ll be creating content of all kinds, looking at SEO, and hopefully working directly with different clients to bring them on board with MakerDAO and help to promote their new use cases for Dai and the Maker Protocol. I’m particularly keen to collaborate with other CUs and commercial entities within MakerDAO to share their achievements, news, and projects.

See you around the forum,

Guy

10 Likes

Excellent news, I love to see the high human tanleto that will conform this UC, in which I will be able to participate. Totally proud to represent and sweat this shirt!

1 Like

Hi everyone, we are formally submitting this proposal for the July cycle.

All the work and time spent on planning this proposal is driven by our belief in Maker’s potential to transform the financial system. Such dedication is shown by the work that has gone into the proposal, which in my humble (and biased) opinion, is unmatched. :slight_smile:

We want to thank the community for your input and support. For those who provided constructive suggestions, you have helped make our proposal a much stronger one. As for those who clashed on our differences, I am glad we can find some common ground.

We understand the Governance community faces various challenges, such as risks related to the transition and cost control, to name a few. With puzzle pieces falling into place, we are committed to evolving with the community. I look forward to the future and what we can achieve together.

Thank you @ElProgreso @wouter @juan @g_dip @PaperImperium @mkrorbkr @Tosh9.0 @prose11 @Davidutro @seth @Nadia @SebVentures @AstronautThis @purrfection @Aaron_Bartsch @swakya @ejbarraza

17 Likes

Great!!! may it all turn out positively!!! Godspeed

2 Likes

I think you did a good job incorporating the community’s feedback. The moonshot fund wasn’t a bad idea in theory, but it required a lot of trust. IMO this new proposal allows the DAO to incrementally work towards bigger marketing deployments without front-loading the budget. Good luck to you guys!

6 Likes

To fulfill that potential, Maker will require strong messaging to build audience, advocates, and public appreciation. Best of luck, and I look forward to working with you.

4 Likes

Approved!! :smiley_cat:

Congratulations on showing resilience Marcomms Core Unit! Best of luck and I hope the Maker Community agrees that a Marcom unit is long over due. Looking for forward to seeing our MKR holders vote y’all in!

5 Likes

I think that there’s really nothing more to do now than to wait for the votes, which I hope will bring a positive result for you and I hope you can start working as soon as possible.
Good luck!

ps
If the F1 car sponsorship comes up later, make sure that FuturoCoin is not already listed as a sponsor that year… :upside_down_face:

6 Likes

Super cool write-up on Community ≠ Marketing–by Patrick Woods:

5 Likes

Thanks for sharing @ElProgreso!

Indeed, community building brings enormous value to a brand. I like how the author highlights the difference between value capture vs value creation and why community building or “Go-To-Community” is essential.

When measuring success, gauging value captured is straightforward, whereas assessing progress in value creation can be challenging. That’s because it requires not only a well-thought-through, consistent approach but also a shared understanding of its importance by all stakeholders.

3 Likes

We came back cooler than ever :sunglasses:

1 Like