Very good question @Colin4ward
The proposal suggests that moving forward the budget application process is proactive, whereby groups of members who come together to put forward an idea with the above criteria met can apply for $CODE which is allocated to them ahead of time to create the project.
Unanswered question here on exactly how that works but i’d suggest it’s transferred monthly/seasonly to a pre-defined multi-sig for the project/guild to ensure we’re not just allocating out LOADS of $CODE without any idea if there is follow through
This then proactively incentivises contribution by rewarding members with elevated Governance rights via our non-financial Governance token $CODE. So in the context of being rewarded in elevated Governance rights via $CODE, no members will not be going “at-risk” until after the project like they have been up until now.
That said, given $CODE is a non-financial Governance token and we will not be assigning it any value this does not help members pay any meatspace bills such as their rent.
The proposed solution to this is two fold:
- Supporting teams to apply for grant funding which is then split between contributors and the DAO with the suggested & included in the budget application. This should be the focus of most of the projects we support given out goal is to create public goods and I do not see us having trouble securing grant funding with some energy put into activating the many opportunities available, @drop_knowledge has some passion about helping drive a grants team to help achieve this/support projects and myself and @RyanCoordinator are passionate about helping make this happen ASAP
- Any projects that do generate revenue and apply for funding (i.e. job board, future conferences/events etc.) should include in their proposal how they indented to split any revenue generated with the DAO, this gives members the chance to discuss/debate and decide if they agree/not, or alternatively we set a standard rate. very interested to hear debate on this.
Hope that helps clear up the thinking and gives some answer to the question?