FDD Workstream Season 13 Budget Proposal
Workstream Mandate: Defend Gitcoin (Grants, DAO, & future products) from threats to its legitimacy, credible neutrality, and sustainability.
FDD is requesting $879,000 (93,500 GTC*) to fund Season 13 (S13) and replenish its reserves for S14.
High Level Budget Breakdown
Season 13 Budget Total = $596,295 = 63.5k GTC ($9.40/GTC*)
PLUS Season 14 Reserves = $596,295
Total Needed = $1,192,590
MNUS Current Reserves = $313,000
Total Amount requested at this time = $879,590 =93,500 GTC ($9.40/GTC*)
*Prices last updated 2/9/22
The GTC total will be adjusted based on the current market value at the time this proposal is moved to Snapshot and to Tally. The vote will be to send $879,590 in GTC at the current price when moved to Tally or the 20 day moving average (whichever is lower).
FDD Season 13 (Q1) 2022 Budget
TL;DR
Season 12 Financials
- FDD made approximately $70k via good treasury management in S12
- $40k over budget was intentional as we spent ½ of what we gained in treasury management efficiency. Total Season 12 (Q4) spend was $440,000.
- Bi-weekly payments were made to contributors in a transparent manner.
Season 12 Accomplishments
- Sybil attack rate jumped from around 6% of total contributions in GR11 to 26% in GR12 and FDD flagged 114,000 of them
- The anti-sybil ml pipeline had a 140% flagging efficiency rate meaning we detected 140% of what human evaluators alone would have detected.
- Increased human evaluations completed to over 6,000 - a 320% increase!
- Built GIA software, tested on disputes, ran data analysis, and will be using it for all grant reviews in GR13. (This is better than comments on a notion page ie. previous system)
- GIA test had 53 participants - A huge decentralization compared to 5-10 hired evaluators
- Specifications made for a decentralized appeals system using Celeste or Kleros
Detailed Season 12 Review: State of FDD - Season 12 Review
Season 13 Financials
- Season 13 is $155k increase = 34% budget increase
Season 13 Round Deliverables
- We currently have 18 outcomes for the next 90 days. Each outcome has 3 measurable key results that will determine if we achieved the outcome.
- Ground Control (Operations)
-
90% of decisions for mid-season budget changes and new proposals will go through our FDD Operating System rather than just Disruption Joe
- Disruption Joe will participate in our “source council” rather than having a workstream lead salary
- Long term metric goals will be set to define the health of our initiatives
-
- Sybil Defenders
- GitcoinDAO will run the end to end operational processes of the anti-sybil ml pipeline reducing our dependence on Blockscience
- A simulation software will be developed to let us better anticipate attacks and possibly increase training opportunities for the ml models
- A human evaluations app built for effective training, improved inter-reviewer reliability at a lower cost per evaluation, and continuous data insights
- Work will continue on our long term vision A Community Based Roadmap for Sybil Detection Across Web 3
- We will gain soft commitments and technical requirements from 3 partners to a sybil data sharing network built with a web 3 ethos & ethics
- Grants Investigation Agency (GIA)
- We are using the GIA tool built last round to review the estimated 7-800 new grant applications that come in.
- Our goals include increasing the number of reviewers per grant, lower the cost per review, and define a mechanism design that will allow us to open up the review process to anyone via staking of GTC
- Building the decentralized appeals integration and testing it
- Reviewing and updating ALL of the grant eligibility policy documentation
This budget was reviewed by many stakeholders including the FDD Multisig Oversight Council, other workstream leads, and some Gitcoin Holdings team members. One question that came up multiple times was “If you had to slash $x from your budget, do you know what you would cut?” The answer is yes. However, it wouldn’t be to the benefit of Gitcoin. We could operationally function at half this budget for GR13, but we wouldn’t be doing anything to build scalability into our tech or our processes.
Seeing the total donations increase round over round (S11 = $1.61m / 16.6 users to S12 = $3.2m / 27.2k users) at 50 - 100%, an increase of 34% to our budget seems justified. Especially considering the rate at which the sybil attacks are increasing (300-400%) and the complexity added to the grant eligibility process via side rounds.
Milestone Report
Full details here: FDD Season 13 Budget Request Details
Season 13 Top Level OKRs
Sybil Defenders - Legitimacy
Gitcoin OKR: Decentralization
FDD Objective: Build a community driven anti-sybil pipeline
KR 1: # of contributors to the open-source feature engineering pipeline during season x
KR 2: (Cost / Human Evaluation) goes down while maintaining inter-reviewer reliability
KR 3: # of ecosystem data partners
Grants Investigation Agency - Credible Neutrality
Gitcoin OKR: Scalability
FDD Objective: Increase participation, transparency, and legitimacy in Grant Eligibility process
KR 1: Average reviewers per grant
KR 2: Total number of reviewers during season x
KR 3: Grant time to activation during review period
Ground Control - Sustainability
Gitcoin OKR: Decentralization
FDD Objective: Be able to measure FDD health & increase the score
KR 1: Contributor satisfaction metric go up
KR 2: GIA execution score go up
KR 3: Sybil Defense execution score go up
Each of these top level OKRs has a mandate steward driving FDD to achieve them along with 2 of our multisig oversight group who are assigned as their designated Subject Matter Expert Zone (SME Zone). The top level OKRs provide semi-constant metrics we can use to see FDD progress over the course of 12-18 months.
We ran almost 15 hours of strategy workshops to determine which outcomes we needed to achieve during Season 13 to achieve consistent results on our top level OKRs. (Some of which still need to be baselined during S13)
Outcome owners then selected their Key Results to indicate success over the next 90 days for each chosen outcome. This process was part of our new FDD Operating System (FDD OS) which will allow us to create hierarchies of work while removing hierarchies of people.
Financials
Season 12 Funds Spent to Date
$416,613 as of 2/1/22. There is one more weekly epoch left to pay contributors meaning our total spend for the defense portion of the Q4 budget proposal will be $40-45k over budget. This is a conscious decision made by the workstream to use part of the earnings from strong treasury management to start new initiatives, improve a few ongoing ones, and fund the transition to the FDD-OS v1.0 governance model.
Funds Carried Over From Season 12
$313k will be carried over from Season 12. This includes $278k in reserves plus $35k in treasury management gains.
Budget Increase From Season 12 to Season 13
FDD will have spent $440k on defense in Season 12. The Season 13 ask is for $595k which is a $150k (34%) increase.
Current Contributors
FDD had 8 full time contributors going into Season 12. After spinning out other workstreams, we now have 6. With our effort to pay a base to all source council members for FDD, we will be at 9 FT for Season 13.
Format Below: Name (Outcomes owned)
Workstream Lead
Disruption Joe (Payments / FDD OS / ASOP Transfer / SDW Discovery)
Mandate Stewards
Ground Control (Ops): SirLupinWatson (Contributor Experience / Human Evaluations)
Sybil Defense: Omnianalytics: (Data Analysis / Community Model / Trust Bonus Update)
Grants Investigation Agency: David Dyor (Policy / Appeals)
Source Council
Includes all above plus all squad drivers (outcome owners)
Nollied (Data Storage Layer/Matrix/GIA Development)
Kishorditya (Mandate Delivery)
Waka (Contributor CAP Table Modeling)
Zer8 (GIA Reviews)
BFA (GIA Rewards)
The average Source Council member will make $90,000 USD annually as a combination of:
- $500 Base (Flat amount paid weekly)
- $500 Coordinape ($500/ SC member distributed via Coordinape)
- $100 Participation (Show up for Weekly Update / Report Payments on Time)
- $250 For each outcome owned
- $250 Mandate Steward Bonus
- $500 Workstream Lead Bonus
- 10% SC Bonus paid quarterly based on OKR completion
In our modeling, the top 3 earners would make an annual income of $150k, $120k, and $109k as workstream lead and mandate stewards with 2 or 3 outcomes owned. The bottom three who only own one outcome each would earn $49k, $57k, and $58k.
This is highly aligned with their levels of participation and skills needed for their various positions within the workstream.
Contributors
FDD had 61 total contributors in Season 12. 20 are currently “trial” contributors. The first season a contributor participates is their trial season. During their trial season, they are not able to make proposals to the source council.
FDD will not be hiring on a “full time” or “part time” basis during season 13. Our source council could all be considered full time. Regular contributors range from 1-4 hours per quarter up to 30+ hours per week.
Notable Achievements
A full review of Season 12 Accomplishments can be found here: State of FDD - Season 12 Review
Table of Contents:
Direction - Objectives & Key Results
- Sybil Defenders
- Grants Investigation Agency
- Ground Control
Financials
- FDD Q4 2021 (Season 12) Budget
- Current Holdings
- Value Provided
Decentralization
- Decision Making with FDD-OS v1.0
- Source Council
- Roles
- Positions
- Phasing Out the Stream Lead Role
Season 12 Accomplishments
- Anti-Sybil
- Policy
- Research
- Operations
- User Support
- Evolution
Proposal Body
High Level Budget Breakdown
Season 13 Budget Total = $596,295 = 63.5k GTC ($9.40/GTC*)
PLUS Season 14 Reserves = $596,295
Total Needed = $1,192,590
MNUS Current Reserves = $313,000
Total Amount requested at this time = $879,590 =93,500 GTC ($9.40/GTC*)
*Prices last updated 2/9/22
The GTC total will be adjusted based on the current market value at the time this proposal is moved to Snapshot and to Tally. The vote will be to send $879,590 in GTC at the current price when moved to Tally or the 20 day moving average (whichever is lower).
FDD Season 13 (Q1) 2022 Budget
Multisig Address & Keyholders
Gnosis Safe address: 0xD4567069C5a1c1fc8261d8Ff5C0B1d98f069Cf47
Workstream MultiSig is a Gnosis Safe 4/7 setup with the following keyholders who act as board members or oversight to the actions of this stream. Each multisig keyholder has a responsibility to work with a mandate steward leading our top level goals in their “Subject Matter Expert Zone”. (Many are skilled in multiple zones but are only assigned to one to ensure their ability to keep up with the dynamic changes and help guide our work.)
- Disruption Joe (Workstream Lead)
- Operations / Collaborative Design / Mechanism Design / Growth
- Former Gitcoin Holdings Grants Ops - First to leave company for DAO
- Michael Zargham (Ops)
- ML / Fraud Detection / Ethics / Systems Design
- Gitcoin Steward / Blockscience CEO / cadCAD
- Angela Kreitenweis/Conectopia (Ops) -
- Mechanism Design / DAO Comp / Research / Policy
- Gitcoin Steward / Token Engineering Academy
- Trueblocks (Sybil)
- Data Analytics / On-chain data / Commons Management
- Gitcoin Steward / Trueblocks LLC
- Armand Brunelle (Sybil)
- ML / Software Development / Contributor Experience
- Gitcoin Steward / FDD Contributor, Mandate Steward, Source Council
- Bob Jiang (Grants)
- Scrum/Agile / Chinese Ecosystem / Customer Support
- Gitcoin Steward / Former FDD / Gitcoin User Support Lead / ENS Steward
- Annika Lewis (Grants)
- Venture Capital / Operations / Strategy
- PGF Workstream Leadership / Grants Program Lead
All multisig keyholders are represented by their LLC and are not personally connected or liable for actions of the FDD or GitcoinDAO.
All keyholders are confirmed as committed to the responsibilities outlined in the FDD-WG Multisig Keyholder Responsibilities 1 document.
This budget request as per established norms for FDD budget requests is set to double our estimated quarterly budget for defensive measures to ensure that this workstream can properly function without issue in the instance of delayed votes, market downturns, & political issues.
In Conclusion: From Disruption Joe
FDD has been in the process of progressively decentralizing itself while learning to balance efficiency and decentralization. Our new FDD Operating System allows us to continue removing authority given (top-down) to authority recognized (bottom-up). Our model is built to follow core principles of subsidiarity and parpolity.
FDD is a single customer entity with the mandate of defending Gitcoin from threats to its legitimacy, credible neutrality, and sustainability. We are working hard to not only defend Gitcoin, but to do so in a way that what we build is modular, composable, and extendable to the rest of the DAO and web 3. The structure we are built on should be sustainable as long as its output is positive-sum.
As the FDD workstream lead, I intend to continue this role as a participant after releasing my workstream lead rights to our source council and the processes of the FDD OS over the next 2-3 quarters. I intend to leave FDD with a structure that will efficiently produce its intended outcomes and adapt to changing circumstances. Most importantly it will dissipate when it is no longer needed just as my leadership role will dissipate when our structure is sustainable.
Web 2 and all of human history was built on a finite amount of resources which could represent value. This perverted the incentives causing people to create collective entities (corporations / governments / institutions) which exist for a purpose when they are created, but would turn parasitic when that purpose was no longer needed. They would continue to exist for the sake of existing with embedded growth obligations causing the good-natured individuals to turn a blind eye to the dystopia their collective decisions would cause.
We now have infinite scarcity to represent the values we truly care about. It is now more profitable to cooperate than to compete. Therefore, the incentives guiding Gitcoin to a solarpunk future include us investing in our values and moving our investments as our needs change.
When an entity no longer has a purpose, it no longer needs to exist because the composable structure DAOs are building IS the future of work. Individuals no longer need to turn a blind eye to the parasitic or cancerous nature of their employer. They will simply exit. This will happen either gracefully or tragically, but it will happen.
I hope that my role in FDD will be an example of the former. I hope to model this transition in the near future and continue to serve the greater purpose of Gitcoin - To build and fund the public good