@kyle , thank you so much for taking the time to write this post and bring up this delicate subject. I really appreciate you helping guide conversations (often tough) that help us find our way forward as a DAO.
Thank you to everyone else who weighed in on this subject. Conversations like this are most fruitful when we have a variety of perspectives represented. I resonate with many of your opinions and view this as an opportunity for growth as a DAO.
I agree that the DAO has been very eager to onboard, and that there is (or at least was) room for getting lean. I like the idea of having metrics to help shape our budget. I think this is essential if we want to operate as an effective organization.
Unfortunately, I don’t currently have a better recommendation than the metrics you suggested. However, I propose we create our own custom metrics that are better suited for a protocol sandwich DAO. There are a few things I think we should consider when creating our own custom metrics:
- AFAIK we don’t have a business model, so comparing us to a web2 company that has a (likely extractive) business model feels off to me.
- Our biggest asset, our community, is likely not represented in the business models used to create the metrics you referenced. We definitely need to find a way to account for the value our community provides when creating our metrics.
- Perhaps we can find similar ratios/metrics for community focused/non profit businesses.
I’m looking forward to continuing progress on this conversation because I believe it is foundational to our success.