Grants Committee
The group of people approving KPI Guild Projects budget requests

Grants

A grant is a portion of the CM Treasury budget that is reserved for a specific project proposal from one of the guilds.
The process starts with each KPI Guild selecting their 2 running KPI Metrics, focusing on the OKR (10% improvement), and organizing one or more Projects and Initiatives to achieve the OKR.

Projects

Each project must be accompanied by a short description summarizing 3 things:
  • Scope: A clear description of what we are planning to do
  • Time: How long will it take to do it (starts/ends)
  • Resources: Skill Force resources necessary to do it, and the budget needed to do it

Process

The overall process from conception to asset distribution works like this:
  1. 1.
    Guild confirms the two (2) running KPI Metrics and their respective ORK (10% growth)
  2. 2.
    Guild gets proposals from other Ambassadors and DAO members for projects that can hit the OKRs
  3. 3.
    Guild selects up to 3 projects per OKR
  4. 4.
    Guild requests grants for each of the projects to the Grants Committee
  5. 5.
    Grants Committee evaluates and approves/denies grants based on the quality of the project submission and its feasibility (24h turnaround)
  6. 6.
    Grants Committee sets money aside in the CM Treasury Reserves
  7. 7.
    Guild kick-off the approved project and the DAO community gets to work towards the project OKR
  8. 8.
    Once the ORK is met, Guild leaders submit results to Grants Committee for funding
  9. 9.
    Grants Committee validates OKR results and processes payout to Guild Treasury (lump-sum payment)
  10. 10.
    Guild distributes OKR payouts to all contributors according to the rules (7-day Money Streams)

Payouts

Measurements and award decisions take place every Saturday at 12:00 UTC. Actual payouts should go out no later than the following Wednesday at 12:00 UTC.
The table below illustrates how the Grants Committee will make payouts based on OKR targets reported by the guilds:
OKR
Payout
Below 50% from target
Nothing gets paid
Between 50% and 100% from target
33% of the budgeted reward
Between 100% and 120% from target
80% of the budgeted reward
Above 120% from target
100% of the budgeted reward
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