GM everyone!
As the term of the Season 3 Community Grants Committee is drawing to a close, it is time to start the election process for Season 4, as promised in this Forum post in October 2023.
Season 4 of the Grants Program will continue with its own separate budget. However, compared to the previous season, there will be several updates to the program.
- Committee composition
- Voting rules
Committee composition
The composition of the Grants Committee will be as follows:
- 6 Non-Foundation members
- 3 Foundation members
The increase in the number of members is a result of a couple of driving factors:
- Increased volume of grant applications and workload;
- A need for a continuous and enhanced involvement of the community in the process;
- Enhancing and deepening the skillset that’s on the committee to ensure applications are evaluated by the most qualified people.
An additional member from the Foundation is added to make sure we can continue to support the administrative workload, but the overall Committee composition continues to ensure that community members will outnumber the Foundation members (and in fact, increase the ratio).
Election process:
- There are 6 positions that non-Foundation committee members can fill:
- Technical expert (x2) : an individual with applicable skills in blockchain development, solidity programming, security auditing, tokenomics analysis, and understanding of decentralized protocols and consensus mechanisms.
- DeFi Expert (x1): an individual with a deep understanding of decentralized finance protocols and mechanisms, including yield farming, liquidity provisioning, automated market makers, lending and borrowing and smart contract security. This individual should have hands-on experience with the evaluation of DeFi projects, value proposition, risk assessment, and an ability to predict broad DeFi market trends.
- Ecosystem expert (x1): a member from either the collator community or someone actively building a dApp on the Moonbeam ecosystem and familiar with the dApps, bridges, dexes, lending protocols, games, NFT marketplaces in the Moonbeam ecosystem and capable of identifying gaps.
- Business expert (x2): An individual with applicable skills in evaluating financial performance, market position, competitive advantage, project team composition, and growth potential.
- Anyone interested in participating should create a “Grant Committee Candidacy” post on the Grant Proposals forum, by March 8, 03:00 PM UTC. This includes the 6 existing non-Foundation members.
- The post should use the following format:
- Name: Name of applicant
- Timezone: Timezone applicant resides in normally
- English Language proficiency: English language proficiency (based on the IRL scale)
- Committee Position: The position they’re applying for
- Qualifications: Qualifications and experience applicable for the position they’re applying to
- Background: Moonbeam background and track record
- Code of Conduct: Applicants should affirm that they are in good standing in the community and will commit to upholding the code of conduct.
- Experience: Practical examples of being able to remain an impartial arbitrator
- Motivation: Motivation for applying
- Conflicts of interest: Disclose any potential conflicts of interests they may have that could impact them evaluating certain types of proposals
- Availability: How much time you can commit to the committee (anyone unable to commit a minimum of 10 hours will be automatically disqualified) and whether you have any general restrictions that would get in the way of attending regular meetings.
- Supporting information: Any other supporting information
- Eligible applicants need to match the following three criteria:
- Minimum IRL 3 proficiency in English
- Trust level 1 on the Moonbeam forums
- Capable of spending the minimum of 10 hours per week
- The community will have 1 week to provide feedback on the candidacy posts and ask additional questions of the applicants (March 15, 03:00 PM UTC).
- A weighted snapshot vote will be organized starting March 18 at 05:00 PM UTC and ending on March 25 at 05:00PM UTC.
- The vote will include any eligible candidate that applied for any of the 6 positions.
- The candidate that receives the highest weighted vote for each position will be inaugurated into the Committee.
- The start of the Season 4 Grants Program is 1 April, 2024.
Term
Committee Members will serve until a new election is held. A new election will be held no later than September 31st, 2024.
Compensation
Non-Foundation Community Grants Committee Members will be compensated $2,500.00 monthly for services provided to the committee.