View discussion from the last stage of the proposal here. (provide a link)
This proposal suggested reducing the CODE requirement to join discord to be inline with the minimum level of rewards issued as per the 15 CODE/hour model - 15.
The current requirement of 400 CODE to join the server presents both economic and practical barriers.
- Members: for members joining the DAO, the current price of CODE as per coingecko is 0.116106 which means it cost 400 X 0.116106 = $46.4424 to join discord. Given the CODE token is only available on DeFi exchanges, there are significant gas costs associated with performing on-chain swaps that increase this cost significantly.
- DAO: With the current 400 code level, it is expensive (in Governance tokens) for the DAO to welcome a high-volume of members into discord.
By reducing the CODE amount we can reduce the economic barrier for non-members looking to join and also reduce the cost to the DAO of rewarding participants sufficiently for them to join the discord (i.e those who submit to hackathons).
We can also make the CODE token “go further” in-terms of rewarding contributors in access to discord.
The high-level goal here is to have more builders in the DAO and thus a bigger impact on our mission to “Accelerate the Education and Impact of a new wave of web3 builders”
We proposed reducing thus requirement to 15 CODE.
This brings access to discord inline with the minimum rewards issued by the DAO for participation in our community under the 15 CODE/hour model.
Putting these changes into effect is simple:
- Reduce the CODE requirement on guild.xyz/dd from 400 to 15
- Update all docs and materials around the DAO to show this change.
Given this is a significant reduction and therefore largely an experiment as well as the fact the CODE price on the open market will move over time, we further propose a Quarterly temp check vote in Governance to get the community’s perspective on if this threshold should be re-evaluated.
- Reduces the barrier to entry, making it easier to join the DAO than previously has been the case - this could, in theory, result in more folk joining who are less “invested” in the DAO
- Might be perceived as unfair on Members who have previously joined at the higher rate