Takeover BDF3M

Entrepreneur(s)

Proph3t, Nallok

Overview

Today, MetaDAO is not executing as fast as a normal startup would. At the crux of this is that the current proposal process is too slow and costly. We can and will fix that, but in the short-term we need some of MetaDAO's key decisions to be made outside of the proposal process.

This proposal would appoint Proph3t and Nallok to be Benevolent Dictators For 3 Months (BDF3M). Their term would be from the finalization of this proposal to June 30th. At that point, either the futarchy will be able to function autonomously or another proposal will need to be raised.

We are requesting 1015 META and 100,000 USDC to handle 4 months of retroactive compensation (December - March) and 3 months of forward-looking compensation (April - June). So an average of 145 META and $14,000 per month.

Given that this is a critical juncture in MetaDAO's timeline, we believe that this proposal failing would decrease the probability of MetaDAO's success by more than 20%.

OKRs

Execute faster

• Complete 10 issues on GitHub per week

Handle business operations

• Perform retroactive compensation for the months of December, January, February, and March within 1 week of the proposal passing
• Perform operations compensation for April, May, and June
• Oversee the creation of a new kickass landing page

Project

If passed, this proposal would appoint Proph3t and Nallok as interim leaders. The following would fall under their domain:

• Retroactive compensation for all contributions to MetaDAO prior to this proposal
• Managing ongoing business operations, including:
  • Steering the off-chain proposal process, including providing proposal and communication guidelines for proposers and compensating proposers when appropriate
  • Steering MetaDAO-wide project management
  • Handling any expenses or required activities required to operate effectively
  • Improving the security and efficacy of the core futarchy mechanism
  • Providing monthly updates to the MetaDAO community
• Compensation for current contributors, including the incentive-based part

The proposal would also allow Nallok or Proph3t to make exceptional use grants for MetaDAO's code licenses.

For technical reasons, no META nor USDC would come directly from the DAO's treasury. It would instead come from various multisigs.

Although we make no hard commitments, the META would likely be issued in 5-year locked form, as described here.