MIP40c3-SP#: 29 Author(s): Payton Rose (@prose11) Contributors: @LongForWisdom Tags: core-unit, cu-gov-001, budget, dai-budget Status: Formal Submission Date Applied: 2021-08-11 Date Ratified: - - -
MIP40c3-SP29 adds the budget for Core Unit GOV-001: GovAlpha for October 2021 through March 2022.
MIP40c3-SPX adds the budget for Core Unit GOV-001: GovAlpha for October 2021 through March 2022. We are requesting a 6-month budget allocation of 538,400 DAI or 89,733.33 DAI streamed per month.
We are proposing this Core Unit Budget modification because GovAlpha requires an operating budget to fulfill its mandate. We have switched to proposing a 6-month budget due to the quick turnaround with proposing new 3-month budgets and our experience running the GovAlpha Core Unit thus far.
As stated in our last budget request:
Subsequent to the launch of delegation, we plan to continue to organize and deliver improvements and integration of delegate functionality into the voting portal.
With Delegation officially online, our focus has shifted toward improving the process for all parties involved. GovAlpha has worked closely with the DUX Incubation Unit to get the Delegation UI launched and is impressed by the quality of work from the team.
We aim to add more features to the portal through this collaboration in the coming quarters. We also play to work with the Content Production and Governance Communications Core Units for communication channels with the delegates.
Going forward, as the DAO itself scales we expect our delegation efforts to follow suit. We expect the amount of MKR delegated to increase as custody platforms integrate with the delegation contracts. As the amount of MKR delegated increases, so will the influence of the delegates. We will need to manage this transition as Governance power shifts towards known delegates and away from anonymous MKR Holders.
As the DAO grows and governance decisions become more meaningful and impactful, Governance must continue both smoothly and effectively.
In this budget cycle, we intend to spend more resources finding different tools to help improve the Community Governance experience. We plan to find new plugins to implement in the forum as well as iterate on public GovAlpha resources.
We’d also like to expand our coverage of MIPs such that MIP Editors are available to give meaningful feedback to MIP authors at all points of the submission process.
We intend to use some of our funding as noted below for “Governance Mechanism Hardening,” namely obtaining a Game Theory Audit on our current Governance mechanisms. This information will be useful to the DAO at large, but should also help guide us for the exploration of new mechanisms in Q1 next year.
Vote participation remains a pressing concern of GovAlpha. We noted in July some of the struggles and resulting Governance decisions that were made due to low voter engagement. While we plan to focus heavily on voter delegation in Q4 of this year, we are aware that there is no guarantee that delegation will solve all participation issues.
To that end, we intend to spend a decent amount of time confronting any remaining participation concerns after Vote Delegation is fully established. Our experience and observations in Q4 will guide this focus further, and we believe this is another goal worthy of collaboration with other Core Units.
Depending on the results of our Game Theory Audit and research on Governance Robustness, we plan to spend on implementing fixes and improvements suggested by our Q4 evaluations.
This is primarily noted in our line item for “Misc. Dev Work” in our detailed budget. We expect some of this to be spent on designing custom Discourse Plug-Ins and note the potential for use on testing new ways for Community Governance to vote and reach consensus.
The GovAlpha Team will consist of at least the following members for the next two quarters.
@blimpa - Full Time - MIP Editor
@Elihu - Part Time Contributor
@Gala - Part Time PM / Operations
@Sebix - Part Time Contributor
@AstronautThis - Part Time Contributor
@Patrick_J - Part Time Contributor
@ultraschuppi - Part Time Contributor (pending Core Unit application)
There is no change to this section compared to the previous quarter
Remuneration for Facilitators of GovAlpha will be an annual salary paid monthly. The size of the annual salary will begin at a base rate that is equal for all facilitators and is then modified based on the level of the individual facilitator’s time commitment and experience.
The multiplier for partial commitment is higher than one might initially expect given the hours contributed compared to a full-time commitment. This is because facilitators with a partial commitment have the same requirements to be available in emergency situations and take an equal share of responsibility when fulfilling the GovAlpha mandate.
|Base Pay||120,000 DAI|
|Commitment - Partial||0.80x||Part Time commitment, 20 hours per week minimum.|
|Commitment - Full||1.00x||Full Time commitment, 35 hours a week minimum.|
|Experience - Limited||0.65x||New to the role, would not be able to fulfill responsibilities alone.|
|Experience - Moderate||1.00x||Confident in the role, capable of fulfilling critical responsibilities alone.|
|Experience - Experienced||1.50x||Experienced in the role, capable of fulfilling all responsibilities alone.|
|Partial Commitment||Full Commitment|
|Experience - Limited||62,400 DAI||78,000 DAI|
|Experience - Moderate||96,000 DAI||120,000 DAI|
|Experience - Experienced||144,000 DAI||180,000 DAI|
|Core Unit Facilitators (2)||132,000 DAI|
|Other Personnel (2.4 FTE)||88,000 DAI|
|SourceCred Payouts||156,000 DAI|
|SourceCred Customization/Support||12,000 DAI|
|SourceCred Tithe||7,800 DAI|
|DaiStats Support||3,000 DAI|
|CatFlip Equivalent Development||30,000 DAI|
|DAI Backing Support||2,500 DAI|
|MIPs Portal||15,000 DAI|
|Forum Customization||10,000 DAI|
|Governance Mechanism Hardening||12,000 DAI|
|Misc. Development Work||10,000 DAI|
|Payroll Software||100 DAI|
|Contingency Buffer||30,000 DAI|
The full budget can be found here.
CatFlip Equivalent Development
This new line item is intended to provide a parameter-focused frontend for the community. Part of the intention is to build redundancy in relevant Governance UIs, with the main goal to have a functioning portal featuring the current settings of parameters controlled by Governance.
We have contracted the same team (dSpot) that created the MIPs Portal. We are impressed by the rate and overall product in that project and look forward to delivering more value to the community through this relationship.
Setting up a Snapshot instance has been a goal of GovAlpha for some time. As we get closer to achieving that goal we decided to budget some funds for iterating on the instance.
This could range from UI commissions to dev work on the voting strategies, but we felt it was an important request to ensure we can use the tooling to the greatest effect.
We were more conservative in our budget forecasts for this proposal, partly noted by our Contingency Buffer being far lower than in previous proposals. This reflects both an awareness of the current revenue of the DAO being lower than our previous proposals as well as an acknowledgment that we have not been spending as much as requested so far.
While our allocations are more measured in this proposal, we do not expect this to restrict our operations in the slightest. For greater insight into our spending effectiveness please see our Quarterly Report for Q2 and in particular our Spending Conclusions.
As in-person events once again become a regular occurrence, we wish to budget explicitly for any travel expenses that may arise in the next few months. A missed opportunity to attend ETHCC gave a window into the estimated costs for these events, resulting in an increase to our quarterly allocation from the last budget.
GovAlpha has set up a Governance-owned multi-signature wallet that will be used to administer the funds allocated to fulfilling the GovAlpha mandate. The details of this multi-sig wallet are as follows:
GovAlpha is proposing a streamed payment for these two-quarters of expenses. This proposal comes to a streamed amount of 89,733.33 DAI per month.
If DssVest or another protocol-approved method for streaming DAI is not in place, transfers should be included in the first executive of the month. In the event of the first executive of the month failing to pass successfully, transfers should be included in the next available executive vote.
Payout Dates (if no streaming is available)
Month of October - 89,734 DAI
Month of November - 89,733 DAI
Month of December - 89,733 DAI
Month of January - 89,734 DAI
Month of February - 89,733 DAI
Month of March - 89,733 DAI