The contributors hereby present the Season 4 (1 April - 30 June 2023) Proposal to 8DAO members.
“Enhance Treasury Economics”
The purpose is to establish a sustainable financial mechanism for 8DAO. We expect the bear market will last for an extended period of time, and a closer look at our costs and cash position is a prudent arrangement. 3 main points:
Focus on cost control and the financial benefits of all DAO initiatives. A positive cash flow mindset.
Explore different capital allocation options. Study the possibility of deploying capital across different options. Capital growth while taking on calculated risks acceptable to the community.
Prioritize new initiatives that can bring in cash flow or liquid assets in the short term.
A new, flatter team structure to replace the old block leader + contributor system. We envision 9 unit leads spearheading the various functions of 8DAO, with other general contributors reporting to them. All unit leads are candidates for the executive committee. We will implement an election process in which all contributors vote (5 votes each, open voting) to select the 5 Executive Committee members. The election takes place once at the beginning of each season.
Handle the following key decision making for 8DAO a. Approve use of treasury funds for all expenses exceeding USDC 1000, within each seasonal budget b. Approve partnerships c. Approve contributors’ commitment hours and compensation d. Select investment committee members
Review and approval of seasonal budget proposal
Ensure Executive Committee members who have the power to make core executive decisions are those who are recognised and voted in by fellow contributors, in terms of their decision making ability, contribution performance, integrity and putting 8DAO interests first.
Meritocratic Progression - Ensure new contributors who perform well have the opportunity to enter the core decision making group, the Executive Committee.
Increase the number of contributors doing peer assessment. Improve accountability
Making the DAO function not reliant on any individual. Reduce key-man risk.
Making the executive structure more flat, with more specific roles focused on leveraging each contributor's core skill set.