[S14 Proposal] dCompass budget request

[owocki]

@Huxwell

If you vote “no”, the dCompass Workstream won’t be funded or supported by the Gitcoin DAO … no mutual grant agreement would be created.

Did I read this right? dCompass will be renegging on the previously offered governance rights if this proposal is not funded? (see below)

@Huxwell

Yes Gitcoin DAO should have a say in the governance of the dCompass DAO. Gitcoin is the biggest funder so far and it makes sense if it’s one of the main governing entity of the dCompass DAO.

I’m open to negotiate regarding the amount but we can offer 2 seats in our council, which is currently a 3/5 multisig that we can update to be 5/8 so by owning 2 seats, Gitcoin DAO would have 25% of the governance rights.

If Gitcoin DAO continues to fund us (through GTC or any other token), we’re open to make a mutual grant agreement to make a swap between GTC and the DCOMP token for a maximum of 5% of our total supply.

@Huxwell

Sorry it was a clumsy statement coming from this post, in the context of a failure, why would Gitcoin even bother for a mutual grant ?

Are you saying that dCompass has no funding options other than GitcoinDAO?

I believe that we shouldn’t be investing in teams that won’t invest in themselves. If dCompass isn’t going to continue without funding from GitcoinDAO, that’s a pretty negative signal to me.

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Disclaimer: This post is for informative purposes only and is not financial advice. This post reflects my personal views, not a decision or commitment by Gitcoin governance. Forward-looking items in it are targets, not commitments. The information in these posts is subject to change as we continue learning. This post may contain estimates, may contain errors, and is provided on a best-effort basis. DYOR, do not make any financial decisions based on these posts.