Purpose: The first section of this post outlines the process for the DAO to discuss new ideas and implement new projects. The second section begins to outline questions that will be compiled to create a standard project framework for future submissions.
There are two key objectives with this discourse:
- Come to a consensus on the process of proposing a new project
- Start a discussion on what should be addressed in future project proposals
Process
The following section provides an overview of the three primary steps involved in submitting a new project for the DAO. It starts with an overview of the steps and then explores each step in more detail along with its associated risks.
The core steps are as follows:
- Discuss in Discord
- Draft a project proposal
- Submit to Discourse for a vote
Discuss in Discord
Overview
Members can initially use the “projects” channel in Discord to informally propose a project and get instant feedback from others. This is meant to be a more casual channel to explore ideas in a collaborative way where members can get feedback and iterate on their proposals.
Risks
The core risk with this first step is the lack of engagement on Discord with many inactive members. As the membership base continues to grow it becomes difficult to keep everyone engaged. The primary goal of this step is to get feedback and collaborate around a specific project. So the big question, related to overall community engagement, is to iterate on how we can get as much feedback and insight from members as possible during this step.
Draft a project proposal
Overview
Once a member proposes a project and gets sufficient feedback from the members they should then move on to drafting up a formal project proposal. This is the step in which the member proposing the project takes ownership and pitches it to the members after incorporating feedback from the initial Discord discussion.
Risks
The first risk with this step is the current lack of a clear outline/ structure in the proposal format. This makes it more difficult for voting members to effectively assess the project proposal and allows for persuasive writing/ bias to creep into each proposal. The example below outlines a proposal from Luis to incubate the RAW DAO. While it is written in nice detail, it still raises several unanswered questions. Having a clear structure for project proposals will allow the member owning the project to put more thought into things like timeline, resources needed, how it benefits the DAO, etc,. In addition to this, it will also make it easier for voting members to understand and analyze the project proposal allowing for a more informed vote.
The second risk is related to the member proposing the project. There is a clear free-rider problem where one or two people in charge of the project will end up doing the majority of the work while many passive members benefit. It’s a misalignment of incentives for those that have to do most of the heavy lifting. One possible way to mitigate this is to enable increase ownership for the project leader either by giving them a title or potential token stake (while allowing the DAO to maintain a healthy amount) in the new project they are owning.
Submit to Discourse for a vote
Overview
This final step is to submit the project proposal for a vote on Discourse. This is where we expect final comments/ feedback to take place and is often where active members voice their final thoughts before voting on the project.
Risks
The first risk here is oftentimes there isn’t a clear next step outlined or it’s not even clear what the members are voting on. Having a project proposal structure will mitigate this.
The second risk is related to the lack of overall engagement from members where many don’t vote. If a member who doesn’t vote either has strong opinions against the project or conversely has a core competency they can add to the project this results in a clear opportunity loss. This can be mitigated in two ways 1) allow a 72 hour voting time frame 2) continue with other initiatives like the admissions process to membership or a weekly call to build stronger relationships and interactions among members.
Questions to Consider in Proposal
- How does the project align with the DAO’s mission?
- If it doesn’t align with the mission, how does it further the brand value of the core DAO and benefit members?
- Is there a high opportunity cost for the DAO?
- What are the main OKRs for this project?
- Are there any conflicts of interest from the proposer?
- Outline resources (capital, time, people) from the DAO needed to drive the project to completion
- Outline next steps and timeline to complete next steps