Inverse Finance Community Working Group Budget Summary
1st June - 25th June 2022
The Community Working Group led by @Nakamomo has created natural entry points for new visitors and contributors since its inception three months ago. CWG has maintained a cadence of calls throughout the week and now take on the role of Governance Steward to further governance awareness and general liveness within Inverse Finance DAO. Continued funding of CWG is important as community retention makes a critical difference during prolonged market downturns, keeping our valued contributors in-house and fostering an uplifting DAO culture.
Accomplishments
- The weekly Community calls has been an important meeting place both for informing the community about the latest goings-on, but also as a place to ask questions and iron out misconceptions. Several people have chosen the community calls or the poker table as the place to break the ice and have a chat with team members for the first time. Among them was @CMeth who is now making a name for himself as a new contributor to TWG.
- The Weekly Orientation calls similarly have been the first touch point for two categories of users who all found what they were looking for. The first being new entrants into the cryptocurrency space who need basic information, and the other being DeFi natives that I can inform and send on to the appropriate working group such as investors looking for an OTC deal or large CVX holders looking for INV in exchange for their gauge votes.
- Weekly poker games. The poker sessions keep being a great social melting pot with an uplifting atmosphere.
- Me and 0xMT started Braintrust interviews on every other Tuesday where we invite core contributors to have a birds-eye discussion of overarching topics relevant to Inverse Finance DAO, the topic of the first session being the Ethereum merge.
- Discord moderation has gone well despite a couple of bot storms. Thank you Donuts and @karm for your vigilance. Karm and I also updated the topic and role structure in Discord.
- I have updated and overhauled the Docs to be more beginner friendly and up to date with our current product offering.
- Inverse Merch will be available to buy from degen.supply on Thursday, 30th of June.
- Moderated and participated in Twitter spaces events
- I began what is to be a living document outlining our contributor guidelines and guiding principles. Thanks to @0xMT for input in its early form.
CWG Spend
CWG has spent a total of 18,112 DOLA as of 25th of June 2022.
| Line Item | DOLA in April | May | June | TOT |
|---|---|---|---|---|
| Moderation/Support | 2,000 | 2,000 | ||
| Gaming Prizes | 300 | 200 | 250 | |
| Comp | 8,056 | 4,946 | ||
| Design | 360 | |||
| Total DOLA | 8,716 | 7,146 | 2,250 | 18,112 |
The Community Working Group was proposed by Nakamomo and formed on a 3 month experimental basis on Mar 29th, 2022. More detailed updates can be found in previous forum posts but after discussions among core contributors, the original CWG responsibilities have since expanded to:
- Governance stewardship. Leading calls discussing new proposals, field community input, and assisting in the proposal editing process. Bring better overall community visibility and interaction to new governance proposals.
- Initial on-boarding of new contributors
- Compensation. Developed a new onboarding process and contributor guidelines relating to ad hoc compensation.
- Community calls and activities (Orientation calls, Gaming, Braintrust Interviews)
- Merchandise
- Promotional NFT’s
- Docs updates
- Discord moderation
- Telegram moderation
I propose that we continue to fund the CWG for an additional 180 days, refreshing the budget allowance every 3 months. I will be posting a proposal on Governor Mills to adjust the CWG multisig DOLA allowances to match another 3 months:
| Description | Estimated 3 Month Costs |
|---|---|
| Moderation/Support | 6,000 |
| Ad-hoc Contributions to CWG | 3,000 |
| Job Adverts | 1,000 |
| Gaming Prizes | 1,000 |
| 3 Month Total | 11,000 DOLA |
Finally, a big thanks to @patb and all core contributors. You are a joy to work with!