[Discussion] Radicle Ecosystem Growth Fund

👩‍⚖️ Governance ⚡ Proposal Drafts
3

Hey, this looks awesome!

I don’t see anything that is a hard blocker for me on this.

Just dropping some ideas to improve it moving into a formal review.

Mainly around 3 topics: compensation, technical implementation, and scope

Committee compensation

2 questions / points here.

  1. How will Radicle Core members be compensated for their work on this committee? What incentive does a Core Member have to take on this added responsibility?

  2. Interesting non-core incentive model

Non-radicle core members will be compensated with $2000 per month for their position on the committee. This will be paid out in $RAD based on the average price over a 60 days period prior to the launch of the GrowthDAO.

This will be an interesting experiment as it contrasts with the Grants Program.

I think it’s worth playing out the mental math here…

The current 60-day moving average is $8.45 (source: https://www.coingecko.com/en/coins/radicle/historical_data/usd?start_date=2021-12-08&end_date=2022-02-08#panel)

This means non-core members will be paid roughly 240 RAD per month for 6 months.

With 4 non-core members (Dimitar, Nadia, Richard, Shah), this will amount to 5,760 RAD over 6 months (4 contributors * 240 RAD/month * 6 months). This 5,760 RAD is an upper bound limit on what will be paid out.

Pros

  • Low overhead in terms of managing this contributor budget; very much “Set it and forget it”
  • Nice upside if the price goes up

Cons

  • There is no way to control if the price goes downward (hopefully it doesn’t). But it might be worth keeping an eye on this if that does happen.

Overall, I like that this contrasts with the Grant Program and it’d be nice to share notes at some point on how well we think one works over the other.

Technical Implementation

You might find the code from the Grants proposal useful.

I’d add similar code as in the “Actions” section to the Formal Review as it helps solidify what is actually going to be implemented. We took a long time to write this out for the original Grants proposal and I think that slowed us down.

Scope

Here is the current scope:

  1. Growth contributors
  2. Hackathon/event sponsorships
  3. Content/media channel sponsorships
  4. Educational content sponsorships
  5. Product driven growth development
  6. Gas reimbursements

I can already see places where I might want to offload/transfer some of the incoming Grants work to your committee. As an example, this education-based application as well as this education-based application.

Again, not a blocker, but definitely worth chatting about this in detail. I think it will help us with the following:

  1. Clear / intelligible channels for anyone in the ecosystem that wants to work with us; lowers confusion
  2. If we draw clear lines, we can get laser focused on building specific expertise across different subDAOs. This will help us become domain experts, rather than jack-of-all-trades-and-master-of-none :slight_smile:
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