[ONCHAIN VOTE] Fund the Grants Framework Proposal Milestone 1
On July 27 we had our 7th governance call at SEED Latam in collaboration with L2 en Español where we discussed this proposal with our community.
Participants: 22 attendees
Duration: 37 minutes
Decision
We voted in favor
To learn about the voting procedure of SEEDLatam and L2 en Español, you can read it here.
If you missed our governance call you can watch it here
Rationale
Even though we initially voted against this proposal during the temperature check, we consider the modifications implemented between the temperature check and the onchain execution of said proposal to be good enough to support it, for the following reasons:
- Implementing the Zodiaz module and a 4/6 multisig with 4 members of the DAO and 2 members of Plurality Labs helps make the program more capture resistant, especially since the DAO has the power to remove signers of said multisig.
- They significantly reduced the amount asked from the DAO, which makes the financial downside of this program considerably low if it fails compared to the potential upside involved in having a successful grant program.
- Some metrics were added, which still remain a bit broad and could potentially be narrowed down a bit, but we understand it’s not easy to have specific goals for a broad program.
Conclusion
The modifications implemented make the program capture resistant and with a low financial risk for the DAO, making it reasonable and worth trying.