Author: Pepperoni Jo3 (r3gen)
Reviewers: @cryptoharry @patb
Summary
We propose the move to a “Seasonal” model at Inverse Finance to support improved financial planning, accountability and transparency. We propose that Season 1 planning begin on April 1st, with Season 1 running through until September 31st.
Background
Since Inverse Finance’s launch in 2020, the organisation has operated on a loosely quarterly planning and proposal process for Working Groups.
Whilst broadly effective, the approach has created some points of friction:
- Difficulty maintaining clear financial insights on the costs, spend and runway
- Difficult for the community to assess the relative impact and cost of different business functions.
- Reduced clarity for new and existing WGs on timelines and how best navigate a budgeting and proposal process
- Lower levels of cohesive organisational planning for medium-long term strategy.
- Challenges in articulating and uniting the Inverse Finance community around a clear vision for the future.
Season 1 Launch
Season’s are increasingly used by many leading DAOs, including Optimism, Forefront, and Bankless.
Seasons @ Inverse Finance
- Inverse Finance detethers from the traditional Quarterly financial model and chooses a more flexible cadence for planning, delivery and reflection. We are recommending a 6 month Season.
- Every Season starts with 2+ planning workshops aimed at bringing together the core team to discuss and lay out a cohesive vision for what they want the organisation to achieve. The outputs of this can then be socialised and discussed with the community.
- Seasonal planning will identify the critical decision points and topics we need to resolve to execute on a successful medium-long term plan
- Financial Reports will be published to inform holistic and WG specific planning. In collaboration with the TWG, r3gen aims to publish the following financial reports: financial status report, runway analysis and revenue projections.
- Working Groups will clearly articulate a proposal detailing their responsibilities, projects and objectives over the next 6-months.
- Season “half time” provides an opportunity for the organisation to reflect on what’s worked and provide more detailed updates to the community
[source doc]
Timeline
The following indicative timeline is provided to give the Inverse Finance community a sense of how we see Season 1 progressing.
| Item | Date |
|---|---|
| Season Launch Temperature check | Thursday, 16th March |
| Financial Status Reports | Wednesday, 29th March |
| Seasonal planning workshop #1 | Wednesday, 6th April |
| Seasonal planning workshop #2 | Wednesday, 13th April |
| Season 1 Budget & Proposal Process proposed and passes governance | Wednesday, 13th April |
| All Work Group Proposals pass through governance | Thursday, 28th April |
Next steps
This forum post does not instigate any on-chain actions and was intended to serve as an update and temperature check on our Season 1 approach.
We would appreciate and value the Inverse Finance community expressing their feelings and perspective in the comments below