PIP-43 - Decentralized governance - End of trial period - Reviewed ParaTroopers grant
On behalf of Chab, Dseeker, Xut & I.
Abstract
The trial period gave the most active members of the DAO an opportunity to get involved in a more structured way.
A first summary of activities can be found here.
The purpose of this proposal is to extend the ParaTroopers (PT) structure of paid contributors for a period of 3 months from the beginning of Epoch 11, while making a number of changes to improve it.
Itâs worth noting that the ParaTroopers, who were active participants in the DAO before the trial period, continued their support service to the community once the trial period and remuneration were over.
Goals & review
The problems
- Self-assigned roles: no specific organisation of who does what, who validates what. This led to a lot of discussion and sharing, but on several points without going all the way because of a lack of consensus.
- Payment Structure: The Coordinape payment structure, which lets ParaTroopers rate each otherâs rewards, as well as the presence of a bonus if the $PSP rewards were staked.
It was difficult to rate colleagues without a clear view of their activity, the factor was too subjective and unclear, and there was a lot of work to take into account the bonus and the calculation of rewards (even though all the PTs had staked their rewards at each period).
New structure
Create three distinct groups within the ParaTroopers, each with a specific area, activity and budget:
- Tech
- Governance
- Publicity
The tech group will have @Xutyr and @bach working as tech support like they currently do. Providing support to people wishing to join ParaSwap is a pillar of its growth.
The governance group is made up of @albist, whose main role will be to provide non-technical support on the discord, as well as specific support in relation to the creation of governance proposals. This group will be vigilant on the governance forum to ensure compliance with DAO rules.
A secondary role will be to come up with ideas to help the DAO develop.
The publicity working group shall be responsible for communicating the ideas, development and activities of the DAO and promotion of the protocol and its token. This group shall achieve this through the production of the monthly recap, periodic articles and Twitter (X) threads. @Dseeker will lead the group but will need the support of a skilled graphics designer/writer to be efficient.
Trooper organisation
- Onboarding and Offboarding of members:
Onboarding is kept internal of the ParaTroopers.
Previous involvement in the life of the DAO is greatly appreciated.
To onboard new members, applicants shall write a pitch on the appropriate governance forum part following the application framework. The application (pitch) shall be reviewed by Troopers and put to vote. The group being applied for must be clearly stated in the application. Subject to vacancy of seat(s) or need for more hands in any working group, a simple majority vote shall be needed for the applicant to be accepted.
The motivation for the vote will be published publicly on the forum.
- Offboarding
A member can be offboarded if any of the following occurs:
i. Direct request from the member.
ii. Failure to fulfil working group objectives twice. The first time shall be a warning strike.
iii. Failure to adhere to the code of conduct of the DAO.
For this 3-month period, as the budget is limited, offboarding will be managed internally by ParaTroopers.
If the initiative bears fruit and is extended over a longer period, offboarding may also be requested via a proposal from a member of the DAO (vote on the forum or on Snapshot to be defined if necessary).
Offboarded members shall thereafter be removed from relevant channels and be stripped of all privileges and responsibilities of ParaTroopers.
Payment
To remove a non-essential charge from the DAOâs multisig and to avoid unnecessary costs, the proposal requires payment to be fully made on two safe multisig wallet (1 per network), where the signatories will be 2 ParaTroopers and 2 members of the core team (0xytocin + 1 to be validated) with a 3/4 rule.
Safe will be setup with signers and communicated in the forum before any payment.
Safe for optimism and Arbitrum: 0xd6ABD29a331eDB915D0eE8597Df50D453F98c7c5
The multisigs will be used to create a streaming setup to send linearly the rewards to the Troopers.
The details are:
- A fixed amount of $500 per Trooper per epoch (no more bonuses)
- A 50/50 $ARB / $PSP split payment (to allow the ParaTrooper to use part of his rewards without creating selling pressure, $ARB on Arbitrum Network, $PSP on Optimism network)
Transition Period
While all the Troopers represented in this new proposal have continued to support the community after the end of the trial period, we felt it was important to include a request for compensation for the two âtechâ ParaTroopers for the transition period (from Epoch 7 to Epoch 10 inclusive).
An additional amount of $4000 is requested for the 2 ParaTroopers with the same conditions as the overall payment.
Budget for new members
The budget also includes a request for an additional amount to enable the onboarding of new ParaTroopers, so that the initiative can grow flexibly without the need for a new proposal.
The aim is to potentially integrate one additional person into each group.
This means a budget of $1,500 per epoch, or $4,500 for the whole period.
This budget, if not used, will be returned to the DAO at the end of the period.
Means
Transfer $14500 as detailed below:
$7250 in $PSP on Optimism at Safe address 0xd6ABD29a331eDB915D0eE8597Df50D453F98c7c5
$7250 in $ARB on Arbitrum at Safe address 0xd6ABD29a331eDB915D0eE8597Df50D453F98c7c5
Breakdown:
ParaTroopersâ incentive â $6000
Transition period for tech Troopers â $4000
Budget for new members â $4500
Implementation Overview
The aim of this proposal is to maintain an active core of community members providing their support within the framework of a decentralised remuneration structure, thereby facilitating the integration of other projects or the arrival of new users.
Of course, it remains for the community to validate the direction in which the ParaTroopers are heading and the scope of their activities.
Voting option
- Yes - Allow budget
- No - Donât allow budget
- Abstain