Formal Proposals for Funding or Governance

  1. Ideation - Share a potential project in #proposals-projects or during a weekly Team call to gather quick feedback.

  2. Proposal Draft - Present a proposal to pitch the with a request for funding and discuss the proposal during the weekly call or on #formal-proposals. For funding requests of more than $5000USD, the use of the Consulting Proposal Form is required. Solicit and receive feedback for 3-days and revise the proposal appropriately prior to finalizing the proposal for voting.

  3. Discussion/Revision - Receive comments in a meeting and in the #formal-proposals channel. If a more detailed discussion is warranted, a call can be scheduled via LettuceMeet. Once revisions are complete, the proposal should be redrafted and posted in the #formal-proposals channel.

    Optional: If uncertain, use emoji polls to gauge community interest and determine if the proposal is ready for voting.

  4. Approval/Voting - The Bankless Consulting Governance Board has to approve all Formal Proposals (per vote during a weekly meeting or through a poll on the Discord channel). Proposals require at least 5 approval votes (of the maximum 9) to pass the Board, with the exception of Governance and Removal votes, which require 6 approval votes (of the maximum 9). Once a Formal Proposal is approved, it is recorded in Notion and passed to Bankless Consulting Treasury if funding is required.

  5. Treasury - Approved proposals that require funding are passed to Treasury.

  6. Initiators form a project Team around any project and submit a proposal via the Google Sheet.

  7. Leader of the specific evaluates the proposal for adherence to Proposal Guidelines (defined by the ) and alignment with the values of BC.

if denies/returns for improvement

                    has a right to lodge a complaint to the GB and get a decision

within 5-days.

if approves

  1.                        presents the proposal to the GB.

    if GB approves

  2. The proposal goes to a public vote on snapshot.org.

    if approve

  3.                       starts working and fulfills the proposal.

    when the submits the completed project, during the next 5-days

  4. GB rates the job according to Completion Standards (defined by the ) and sends its verdict to the Project Team and Treasury Team.

  5.                            of the Treasury Team instructs MultiSig to deliver compensation to

the PT members, divided according to the payment schedule submitted by the PT in the completed presentation of the project.