The Token House has approved a proposal to create a Grants Council in Season 3. The Grants Council will:
- filter and review all Governance Fund grant applications
- approve grants in regular cycles
- publish a report outlining grant decisions within 3 days of the end of each grant cycle
- assess whether grantees meet pre-defined milestones
- publish periodic milestone updates, as applicable
- ensure ongoing Council operations and performance are transparent to the community
The Council will consist of 8 elected Reviewers and one Council Lead. Reviewers are responsible for determining which proposals receive grants. The Council Lead will oversee all administrative and operational aspects of the Council. This role will be absolutely critical to the Council’s success. ****
Council Lead Responsibilities
The Lead will work closely with top delegates and play an integral administrative and operational role in S3, as outlined in detail below. The Council Lead will be responsible for:
- processing and filtering applications, making sure they are viewable on the forum unless a proposer opts-out of forum publication
- provisioning and/or maintaining external and internal information about the grants program, and any other resources needed by the Council
- facilitating coordination across Council sub-committees by scheduling and hosting regular Council meetings
- monitoring progress towards milestones and running a process to ensure milestones have been met before milestone-based distributions are made (possibly via a system similar to Radicle’s)
- preparing regular reports to communicate grant allocations at the end of each cycle and periodic reports to communicate milestone updates from grantees
- submitting budget/renewal proposals at the end of the Season, if applicable
- exercising decision-making authority in the event that Council sub-committees cannot come to consensus on an administrative or operational matter
The Council Lead will commit to spending 30 hours per week on these responsibilities and will receive 35,000 OP per Season. If the Council continues in subsequent Seasons, the role may convert to a full time contributor position.