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[SCP-181] DFC Alternate Expansion & Gk as Initiate Alternate DFC Member

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ShapeShift by
giantkin.eth
on
July 30, 2024, 7:33 PM

Abstract:

To accommodate the expanded responsibilities of the DFC and to manage occasional member absences, we propose adapting our framework to include an alternate member role. This role ensures uninterrupted governance by stepping in as required.

Summary:

This proposal introduces an alternate member role to the DAO Finance Committee (DFC) to ensure governance continuity, outlines a tailored compensation scheme, and specifies procedures for electing or removing an alternate member.

Motivation:

The increasing workload of the DFC, combined with the community’s demand for continuous and robust governance, highlights the necessity for an alternate member who can maintain the effectiveness of our financial governance during regular member absences.

Specification:

Alternate Member Role: Introduce a role for an alternate dfc member who steps in under specific conditions to ensure DFC continuity.

10% Retainer: The alternate member will receive 10% of the base compensation of a regular DFC member, paid monthly, provided they attend at least 50% of the meetings (formalities to verify this presence up to the regular members). This compensates them for staying informed and ready to step in when needed.

Daily Rate: The alternate member will receive an additional 1/30th of the base compensation for each day they are required to replace a regular member. (same as in the proposal)

Funding of Daily Rate: To limit the costs for the DAO, the additional compensation is deducted from the base compensation of the member who has requested or had to be replaced.

Giantkin (Gk) as Initiate Alternate DFC Member:

Gk is the logical choice, as he is stepping down from his DFC member responsibilities but will still be in attendance (partly from other DAO obligations, mostly due to genuine interest). Conditions for Activation:

Steps in when the DFC fails to achieve a quorum. Steps in during predetermined leaves of absence of any DFC member. Procedures for Electing or Removing an Alternate:

Governance Action: Any DAO member can propose a governance action to either remove the current alternate or remove and nominate a new alternate. This ensures community involvement in the selection process. DFC Vote for Removal: The removal of an alternate can be initiated by a majority vote within the DFC. However, the DFC does not have the authority to appoint a new alternate directly. Nomination for New Alternate: Following a removal, the Tokenomics workstream leader will request nominations/recommendations/applications for the alternate role, create a forum post / ideation process that is open to community nomination, ensuring transparency. Benefits:

Operational Continuity: Ensures the DFC maintains operational capacity and efficiency, continuing DFC functions without interruptions. Flexibility and Adaptability: Responds dynamically to planned absences, keeping the decision-making process robust. Additional spend: Though minimal, this would increase the spend weekly of the DFC (although it is important to note that it is still within its allotted budget, since 1 of the 5 members (the Tokenomics workstream leader) does not take compensation for their role on DFC. Drawbacks:

Potential Underutilization: May lead to inefficiencies if the alternate role is seldom utilized. Compensation Limitation: Alternates are compensated a small amount relative to full members, yet are expected to stay informed and attend over 50% of meetings if possible. Vote:

For: Supporting the creation of the alternate role and confirming Gk as the initial alternate.

Against: Opposing the creation of the alternate role.

Warning

Exercise caution when exploring DAO proposals. Proposals can be submitted by any member of the community so there's an inherent risk of encountering scams or deceptive links. Always critically assess the validity of each proposal and its links before taking action.
start
July 30, 2024
7:33 PM
end
August 5, 2024
2:00 PM

Voting type
single-choice
Votes
6,489,284

Final Votes
closed

Yes setup ALT position
6.5M FOX
100%
No, do not setup ALT position
200 FOX
0%