(28 MARCH 2022) Please see the updated proposal here.
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Summary
The mandate for the Phonon DAO Bootstrapping Group expires on April 10, 2022. The DAO needs a governance structure to facilitate decision making, prioritize DAO efforts, and manage operations after this date. This proposal recommends and outlines the creation of a Phonon DAO Council that would allow the DAO to execute its mission. Following a consensus gathering poll (vote below), this proposal would be voted on via Snapshot. At this time, we are also seeking your feedback on position titles.
Motivation
A few of the key challenges facing DAOs are a lack of operational and strategic focus, as well as community visibility into DAO operations as they become more robust and impactful.
The organizational structure suggested below solves for these challenges by:
- Creating three classes of DAO operatives: Community Directors*, DAO Directors* and Working Group Leads
- Recommending that a DAO Council be developed, which will consist of Community Directors*, DAO Directors* and Working Group Leads. The Council would meet monthly to provide the community (via Community Directors* and observers) with an understanding of how the DAO is progressing on its community-approved strategic plan.
- From a high-level responsibility perspective:
- Community Directors* provide oversight and input on the proposed DAO strategic plan and budget.
- DAO Directors* are responsible for developing the overall DAO strategic plan proposal, key objectives, presenting the plan to the community for approval and ensuring the community-approved plan is executed (with the support of Working Group Leads).
- Working Group Leads have operational responsibility for implementing projects outlined in the community-approved strategic plan, requesting, managing and dispersing budgets, developing sub-Working Groups (as necessary), etc.
- This structure will:
- Ensure that the DAO is focusing on achieving key community-mandated strategic objectives on an annual and semi-annual basis.
- Ensure Working Group activities are aligned around key community-approved strategic objectives and projects that are being implemented are on-strategy and accountable to the community.
- Provide for continuity of personnel so that knowledge and experience is not lost as Working Group Leads cycle in and out of their positions.
- Guarantee community accountability and visibility.
Phonon DAO Governance Structure
The Phonon DAO will be governed by a DAO Council, which shall be comprised of members elected by the DAO at-large. The DAO Council will consist of three types of positions, whose organization structure and position descriptions are described in Figure 1 and Table 1.
Figure 1: Phonon DAO Council Organizational Structure
Table 1 - Phonon DAO Council Organizational Structure
Organizational Layer |
DAO Entity Type (Number) |
Duties/Focus |
Layer 1 (Top Layer) |
Community Directors* (3) |
Compensation: Compensated position (stipend of $750/month in PHONON). |
Layer 2 |
DAO Directors* (2) |
|
Layer 3 |
DAO Working Group Leads (4) |
Compensation: Total compensation will be determined by the DAO, based on compensation ranges submitted by nominees. Nominees are considered independent contractors and are responsible for covering their own insurance, taxes, etc. |
Mandates
Council members derive operational and strategic powers via community-provided Mandates, which extend over a predetermined term. A term is a six months, and there are two terms per year:
- Starting in 2023, Council terms officially begin on January 1 and run until the start of the second annual term (six months later).
- Once this operational framework is approved by the DAO, there will be one term that starts upon first elections and ends on December 31, 2022.
- The second annual term starts on July 1 and runs until the start of the first term the following year.
- For the first two terms under this governance structure, the Product and Operations and Governance working groups will include an Agent who is a representative of GridPlus, to facilitate product development and operations
A DAO member may only hold one DAO Council position at a time. There is no limit to the amount of mandates a DAO member may serve, provided they are elected.
Budget and Strategic Plan Proposal Process
To request operational funds, the DAO Council will collaborate to submit a formal proposal (gov.phonon.network) for DAO vote via snapshot, which shall be held within the first 30 days of a term (each “Funding Window”).
- Before being voted on, the proposed budget must be submitted on the forum for discussion and feedback for at least 7 days.
- In the case of an emergency, where Working Group funds are needed by a Working Group outside of a Funding Window, a formal proposal may be submitted at any time by a Working Group Lead, with prior consultation and collaboration with one or more DAO and Community Directors to request additional funds from the DAO.
Compensation Adjustment Process
Approved compensation can be adjusted (up or down) via consultation with Community Directors and DAO Directors. All adjustments are subject to review by the DAO.
Ability to Relinquish Position
Any Council member may step down from their position after providing a 30-day notice. The rest of the Council shall decide to run a special election for the open position(s), or leave the position(s) open until regularly scheduled elections.
Removal of Council Member
Any DAO Council Member may be removed from duty via the following process:
- Performance review and recommendation by the DAO Council; a vote would take place to remove an individual; a majority vote is required to move the vote for removal to the community.
- Post the recommendation for removal to the forum for community discussion and review (RFC).
- After the recommendation is approved informally by the community, a two-thirds supermajority snapshot vote of the DAO, with a quorum of 10%+ of PHONON (from circulating supply).
- Upon removal of a DAO Council Member, the rest of the Council shall decide to run a special election for the open position(s), or leave the position open until regularly scheduled elections.
Dissolution of the DAO Council
The DAO Council may be dissolved via the following process:
- The community shall post the recommendation for dissolution to the forum for community discussion and review (RFC).
- After the recommendation is approved informally by the community, a two-thirds supermajority snapshot vote of the DAO, with a quorum of 10%+ of PHONON (from circulating supply).
- Upon dissolution of the DAO Council, the community shall organize new elections per this governance framework or provide a new process for governance.
Election Process
- Discourse posts will be created for DAO members to nominate themselves:
- Community Director Nomination Thread
- DAO Director Thread
- Economics Working Group Lead Thread
- Product Working Group Lead Thread
- Operations and Governance Working Group Lead Thread
- Communications Working Group Lead Thread
- After 7 days, the application period closes. If there are not enough candidates to fill the positions, applications will remain open until enough applications are received.
- New Discourse posts will be created for voting. Voting will last for 7 days. DAO members will be allowed to vote for 3 Community Director candidates, 2 DAO Director candidates, and 1 Working Group Lead candidate for each of the four working groups.
- The candidates with the most votes are submitted to the DAO for approval via a snapshot vote, voting lasts for 7 days and quorum is 10%+ of PHONON (from circulating supply).
- If the vote passes, the new DAO Council members are elected.
- If the vote fails, the DAO Council will accept any feedback and start the election process again. Anyone is free to reuse an existing application, and the existing DAO Council shall stay in place until the new Council members are elected.
Application
Applicants will need to answer these prompts to nominate themselves. These questions are subject to change by the DAO Council at any time.
Community Directors
- Discord Handle
- Summary Experience in DeFi/DAOs
- Reason for applying
- Describe your involvement thus far in the Phonon DAO
- Qualifications - What will you bring to the DAO as a Community Director?
- Confirmation that the applicant can commit the time required for the position; Other projects they are working on
- Anything else you would like to share?
DAO Directors
- Discord Handle
- Summary Experience in DeFi/DAOs
- Reason for applying
- Involvement thus far in the Phonon DAO
- Qualifications - What will you bring to the DAO as a DAO Director?
- Minimum accepted compensation
- Confirmation that the applicant can commit the time required for the position; Other projects they are working on; time they can commit to the position weekly
- Other experience, perspectives and insights that would enable the individual to satisfactorily serve as DAO director
Working Group Leads
- Discord Handle
- Summary Experience in DeFi/DAOs
- Desired Working Group Lead position (Product, Economics, Communications, etc.)
- Reason for applying
- Involvement thus far in the Phonon DAO
- Minimum accepted compensation
- Summaries of specific projects and initiatives they would like to lead/implement during their term: Provide project descriptions, resources required, time frame for completion and other details
- Qualifications - What will you bring to the DAO as a Working Group Lead?
- Other experience, perspectives and insights that would enable the individual to satisfactorily serve as Working Group Lead
- Confirmation that the applicant can commit the time required for the position; Other projects they are working on; time they can commit to the position weekly
Next Steps
- Approve this governance structure via Snapshot vote
- Elect a new DAO Council
Layer 1 and Layer 2 Position Titles
The PDBG has not reached consensus on the use of the title “Director.” Argument for is that it is a professional title that is common to outsiders. Argument against is that it could imply legal responsibilities (à la Board of Directors). Possibilities include:
- Community Director, DAO Director, Working Group Lead
- Community Leader, DAO Leader, Working Group Lead
- Community Head, DAO Manager, Working Group Lead
- Something else you propose in the comments
- I approve of the proposal, and I like “Director”
- I approve of the proposal, and I like “Leader”
- I approve of the proposal, and I like “Head” and “Manager”
- I approve of the proposal, but I suggested new titles below
- I approve of the proposal, and I do not care what the title is
- I like the idea, but would like to tweak it before approving (provide feedback below)
- I disapprove of this proposal
0 voters
This poll will stay open for 7 days.