@mannyornothing thanks for submitting this, glad to see it in. I know this isn’t clear in the handbook at the min so I apologise and will work on this asap, but please can we get this updated to Budget Application Template - happy to help.
A few comments on the proposal:
- Applaud the move back to success based rewards in pursuit of sustainability for the team/DAO
- Good to see experimentation with income/packages etc.
- Who is performing the roles so members have some visibility
- Are you able to provide any more specific OKRs and performance against last budgets OKRs? (I know you’re waiting on me for financials, these will be share today before the coordination call, happy to help with this as I authored these with the team last quarter and many apply to me)
- Love the idea of a “Dry power fund” and think this is something we should implement at the DAO level too. Curious of thinking that lead to these elements of the proposal.
- There is no mention of request for community CODE rewards in this proposal as there were in the last one. Is that intentional? Does Labs want to reward community members in CODE when they participate in the activities run by labs? Here is a dashboard of community rewards last 2 quarters that is almost finished. Given the plan to create a Foundation budget maybe some of this is better living there (i.e. Praise), though imagine DevNTell rewards for example probably better living here. NOTE - I was intending to ship a pretty sizeable asking for community rewards (inc. increase in Praise) in foundation/governance budget. View being need to get more code to more folks - Labs did a good job of this last quarter but think we can do better!
- In labs previous budget Labs contributors were rewarded in CODE using the following formula -
(USD Reward for month / hourly rate of $50) * 15- given success based nature of the model hard to predict but sharing for consideration. If you have a revenue target that can be added to the OKRs (be a good thing to see, makes sense to conservative imo) then maybe that figure can be used to request a larger CODE rewards pool for contributors and if it’s not used can be rolled over/returned to the DAO, if it’s under more can be requested in next budget to make up the difference. imo labs contributors deserve strong Governance incentives from their work.
Labs did a good job last 2 quarters of providing value to members, engage partners and providing opportunity to the DAO. Keen to support moving this forward so love to get clarity on the above and let me know if I can support in anyway.