Purpose

• Be stewards of the DAO treasury
• Ensure that funds are allocated according to the best interests of the DAO
• Set funding priorities for each season and socialize applications to meet these priorities
• Hold projects accountable to their KPIs and targets

Mandate

• Help projects achieve their goals by funding the right infrastructure and optimising the way existing projects and guilds are funded
• Identify discrepancies between project deliverables and costs with an ultimate goal of maximising returns for the DAO for the least possible token emission

links’ thoughts

• Kouros has stated that Grants Committee was originally started as a way to avoid having to go to Snapshot for every single funding request (i.e. only mid-season funding)
• Currently: Grants Committee effectively manages ALL funding at BanklessDAO. Seasonal funding is “approved” by Grants to go to Snapshot, where the ultimate decision is made
  • there is some fuzziness here - if grants is responsible for all funding, what is BanklessDAO Multisig responsible for?
• Personally, I feel that the Grants Committee should be responsible for encouraging effective contribution via token distribution
  • encouraging means that we aren’t forcing or guaranteeing - i.e. it’s not just a dollars and cents thing

Ap0ll0517 thoughts