Hi everyone, here are the final updates on this proposal, before we go for the voting!
Firstly, apologies for the delay, as I was away from work for a couple of weeks due to my medical treatment and it took some time to schedule all the calls with the domain allocator applicants.
Please find the updates as below:
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Domain Allocators
Thanks to the tweet from @rleshner we had 20+ applications for the domain allocator roles. Post a thorough evaluation, the following domain allocators have been chosen as below.
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Domain: New protocol ideas and dapps, Miscellaneous
- Allocator: allthecolors (@allthecolors )
- Details
- Domain: Security Analysis Tools & Security Bounties
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Domain: Developer Tooling
- Allocator: Madhavan, Questbook’s CEO (Pro-bono basis)
- Details
- P.S: Madhavan is operating as an interim Domain Allocator for “Developer Tooling” since we did not find any qualified applicant yet. This role is still open for applications.
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Domain: Multichain Strategy
- Allocator : Bobby Bola from Stablenode ( @Bobbay_StableNode)
- Details
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Domain: New protocol ideas and dapps, Miscellaneous
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Domains
The finalized domains for the grants program are as follows, as per the voting results:
- New protocol ideas and dapps
- Security Analysis Tools & Security Bounties
- Developer Tooling
- Multichain Strategy
Though “Risk Parameters Updates Research” has been one of the top-5 voted domains from the community, we will not have it as one of the domains. Post the conversation with @pauljlei, Protocol Program Manager at Gauntlet as part of Domain Allocator interviews, we have decided not to have “Risk parameter update research” as one of the domains, since the team is already serving the DAO, conducting research on Risk Parameters and managing market risk for Compound.
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Changes in the Committee Org Structure:
As mentioned by @adam here and as per the guidelines of the compound labs team, the organization structure of the grants program had to be changed. The onus is now on the program manager to communicate regarding the approved projects to the community and the lab’s team through bi-weekly community developer calls and regular communication over discord.
So there will be a Grants SAFE, with 3/5 multi-sig, between the program manager and the 4 domain allocators. We will then have 4 SAFEs for each of the domains with a 2/2 between the program manager and the specific domain allocator.
Grants SAFE is where all the initial funds flow from the treasury for the grants program. This SAFE holds funds related to operational costs, committee compensation, and the grants budget initially. The domain level SAFEs will have funds only for the disbursal to the approved applications
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Budget and Committee Compensation:
There are a couple of updates from the previously discussed compensation here:
- The number of domains and domain allocators is reduced to 4 from the initially proposed 5.
- Compound Labs cannot take up a paid role.
Therefore the updated grant budget is $1.2M with $300K for each domain.
The updated committee compensation is $200K for 4 Domain Allocators and one Program manager.
P.S: Madhavan from Questbook will be operating on a pro-bono basis as an interim domain allocator for “Developer Tooling”, till we find another qualified domain allocator.
Thank you,
Harsha