Loomio
Sun 25 Nov 2018 11:08PM

Kickstarting the Unicorn DAC

GG Griff Green Public Seen by 272

Background
- The Unicorn DAC is happening baby!

- Read more about the Unicorn DAC here: https://wiki.giveth.io/dac/Unicorn-DAC/
- There are Giveth unicorns and then there are Giveth Unicorns!
- The on-boarding process to become a Unicorn is INTENSE! There is a hazing, secret society type rituals, a Vote of 2/3 majority with 50% quorum of current Unicorns, and lots of other things outlined in great detail here: https://wiki.giveth.io/policy/Unicorn-onboarding/
- Kay, Griff, Kris, Lorelei, Bowen, Dani, and Lanski have made major moves to becoming Unicorns themselves, they have sponsors and are actively checking the boxes needed to be checked to cap their u.

Tension

Kay and I (Griff) have gone through all the required hazing to become Unicorns up to this point... but there are no Unicorns to vote us in!

Proposal
1. We use this thread to vote on each unicorn as they become eligible to vote. Anyone can vote but the only ones that count are Kay, Griff, Kris, Lorelei, Bowen, Dani, and Lanski.
2. This initial vote requires 50% quorum and 3/4 majority and has a week timelimit. This means at least 4 people need to vote and only one can say no.... if less than 4 of the above people vote during the week or 2 of the above people say no then the unicorn is not able to be one of the first Unicorns. (NOTE This is different then the 2/3 majority that will be required after this first vote)
3. The unicorns being voted on can vote for (or against) themselves
4. Kay and I (Griff) can be voted on immediately, but the rest need to continue thru the process.
5. This proposal needs to be legitimized and ratified with it's own vote during the next gov meeting, if this proposal goes thru, and Kay and myself have 6 yes's then we are Unicorns, otherwise if we have less then 6 yes's we have to wait for the week to run out to see if we get 2 no votes.
6. Once a Unicorn is born, they can start allocating funds. I (Griff) am going to Donate a decent amount in each Unicorns name in the DApp to the Unicorn DAC, and will keep topping it up...

7. A Unicorn Campaign will be made for the $150 weekly milestones (I suggest you make it a video milestone when the new release comes out ;-) )

8. The Delegate of the Unicorn DAC Lorelei will dish out their Donations according to this spreadsheet (I modeled what it would look like): https://docs.google.com/spreadsheets/d/1WrpgSpIxNEs7A043_-ML3HkeUAIMkL2GxOD8nl9YnHU/edit?usp=sharing
9. Bowen and Lorelei will need to be on the look out for Unicorns trying to "refund" the donations that were donated in their name, I think they will be able to get that money out if they want to with this set up.
10. The exchange rate that is used is Sunday of the week
11. The milestones must be picked by the time Lorelei checks the sheet on Monday to count for that week. So if this all passes on Thursday week 0 will be Monday Nov 26-Sunday Dec2, on Monday Dec 3 Lorelei will use the exchange rate on the DApp to fill out the ETH column and delegate for the Unicorns that get their milestones in the spreadsheet in time (remember you do not have to donate every week, but there is no roll over.)

12. If the Milestone has already been funded to completion, Lorelei will not donate to that milestone.
13. Only milestones can be donated to, not campaigns and not DACs
14. Kay has made an Aragon DAO for the Unicorn DAC on Rinkeby and all Unicorn DAC decisions will use this DAO.. eventually this DAO will replace Lorelei as the Unicorn DAC Delegate on the DApp.

Other then those points (which are all up for debate) the Unicorn DAC will go exactly how it was outlined in https://wiki.giveth.io/dac/Unicorn-DAC/

Comment about issues in the thread and we will edit this text until it works

K

Kay
Agree
Mon 26 Nov 2018 12:17PM

He was a Unicorn all along!

JF

Josh Fairhead
Abstain
Tue 27 Nov 2018 3:10PM

Half horse, half narwhal - seems like the guy for the job :p

L

Loie Tue 27 Nov 2018 12:58AM

I don't understand point #9 exactly... how will this vulnerability arise?

GG

Griff Green Tue 27 Nov 2018 3:01AM

When I donate in a Unicorn's name, they have the authority to actually withdraw the funds (I think), it will be really easy for Bowen to see tho, so he should be able to stop it. I will do a test with him ;-)
But the thing is.. who watches BOWEN! Well you, Lorelei, will also be able to see the funds in the Unicorn DAC and can keep watch over the watcher, and everyone else.

PL

Pol Lanski Tue 27 Nov 2018 4:45AM

You mean, if you actually send the money to this person's wallet? You have to trust them to delegate it to milestones and not withdraw it?
If it's that, it shouldn't be a problem at this stage where all are trusted participants, but some hard coded mechanism (liquid democracy modification? Aragon DAO?) should make it more robust and perfect.

GG

Griff Green Tue 27 Nov 2018 3:09PM

so I will donate directly to the Unicorn DAC, but every time you donate you can donate in someone else's name. But funds in DAC's are not locked, so if the delegate of a DAC sends the funds somewhere, the original donor has 3 days to veto right, well beyond that, they can even un-donate and get the money back....

And of course the end goal is an Aragon DAO that can do what we want it to do, this is just a ghetto hack we are doing for convenience... so that when L delegates, all the Unicorns will get an email say where their funds are going and it will be easy for people to see which milestones each Unicorn supported (to make sure they aren't supporting their own beyond the 150.)

But i think we need to play with this for 2 months and then see if we want to change things, then another 2 months... then aragon dao!

PL

Pol Lanski Fri 30 Nov 2018 5:50AM

Gotcha, thanks!

GG

Poll Created Tue 27 Nov 2018 3:03AM

Is this all good? Does this sound like a legit path forward? Closed Fri 30 Nov 2018 3:02AM

Please read each point before voting yes on this ;-D

Results

Results Option % of points Voters
Agree 77.8% 7 GG BS L DA L JE MR
Abstain 22.2% 2 KI JF
Disagree 0.0% 0  
Block 0.0% 0  
Undecided 0% 35 D JA YM Q AS AB PL K AA A R C EAD V DU G J C J R

9 of 44 people have participated (20%)

JF

Josh Fairhead
Abstain
Tue 27 Nov 2018 3:07PM

All seem in good order to me. Only question I'd have is on the 2/3 majority pass, how was the number chosen? I'd speculate that it's possibly from re-inventing orgs; if so I've heard other numbers from related fields (like 4/7) - so just checking its reasoned! Same thing with Quorum though the logic of it being 50% feels more straight forward. (Would 51% turnout be more appropriate?)

DA

Don Adams
Agree
Tue 27 Nov 2018 4:02PM

The Don is with it

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