Kickstarting the Unicorn DAC

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

Jeff Emmett

Tue 27 Nov 2018 5:43PM

Sounds like fun!

Kris is

Wed 28 Nov 2018 8:04PM

see comment in thread.

Griff Green Tue 27 Nov 2018 3:13PM

re: 2/3, 50%... had to pick something... sounded nice, and was probably inspired sadly by the US Congress on the 2/3rds required for impeachment.
I hope that the Unicorns will change these numbers once there a decent herd has formed

Pol Lanski Wed 28 Nov 2018 6:50AM

To me it does sound a legit path forward, but I think you need to clarify... a legit path forward for the Unicorn DAC? A legit path forward to Giveth as a whole? In that second case, it's early to decide as we don't know how it's going to work.

Loie Wed 28 Nov 2018 7:25PM

In my eyes the question is of a legit path fwd for the Unicorn DAC. for Giveth as a whole would be way too early to determine! That's why we are experimenting. Some may have ✨Big Dreams™️🚀🏆✨for the Unicorn DAC but thus far it can only be a pilot program 😉🧐☝️

Kris is Wed 28 Nov 2018 8:02PM

I think it's safe enough to try as an experiment.

I think however the risk arises that
1) some people (without bad intentions) will create extra milestones for work others deem covered by their reg rewards and others will not create/fund extra milestones for work (done by them OR others) that should actually be paid extra (bcs they fear the above or bcs they're simply too busy to outline all of this). And there is no one who can judge well if people are rewarded appropriately. Money is tough, sensitive; complicated, bcs unfortunately there's no abundance just yet.
2) This will add a whole other layer of complexity for a) the outside world to understand what we do (already tough) and b) administration for us.

My ideal scenario stays: a correct salary based on the roles you fulfill and this system only for people who are non-reg rewarders. I know this has been voted on already, so just putting this here as a thought for possible future improvement of the experiment.

Griff Green Thu 29 Nov 2018 2:15PM

Both/and, this is an open system, putting money into this experiment is not changing the role that Campaigns fill. Each Campaign has to get donations and manage them appropriately, this will be a boost on top of that.

The big thing here will be adding DAI to the dapp and then making the weekly milestone something we do at the beginning of the week instead of the end, so that a campaign can reep the benefit of Unicorn DAC support without making the recipient delay in their payment.
Also, the milestone upgrade will be huge as well, so that the reviewer piece is optional

Pol Lanski Fri 30 Nov 2018 5:58AM

I see what you are writing and I agree. In addittion I would add that I think this is also for Reg Rewards people and money: imagine you want to do something / go somewhere / print that one thing / spend money on that stuff. You wouldn't be paying it outside of your reg rewards, right? So you create a milestone for it and see if the rest agree with you on doing it this way - funding it!

Poll Created Tue 4 Dec 2018 8:52PM

Kris Should be a Unicorn Closed Thu 6 Dec 2018 6:02PM

As of today, Kris has completed all steps of becoming a Unicorn... except this one! Let's vote!
Kay, Griff, Dani, Bowen, Lanski, Kris ~ I'm looking at you!!

See points 1-5 in the thread for any questions about the parameters of this vote.