Saved by Alex Wittenberg
Mirror
What is the purpose and objective of the working group?
Yuan Han Li • Mirror
What type of skillsets/roles are required?
Yuan Han Li • Mirror
How is decision making performed in working groups with executive power?
Yuan Han Li • Mirror
Put simply, good working groups reduce coordination costs within DAOs; they catalyze effective action with less bureaucracy.
Yuan Han Li • Mirror
Constraining funding too much will likely constrain the ability to attract quality contributors. A DAO should strive to create a culture where talent and performance is rewarded.
Yuan Han Li • Mirror
Budget funds should be held in a multisigAt least 4/7 signers to avoid any central point of failure
Yuan Han Li • Mirror
Stablecoin payments are necessary for cost of living, taxes
Yuan Han Li • Mirror
Quarterly/biannual performance reviews (see here for a performance review of Aave’s Grants DAO)Weekly working group updates (see here for an example of our work with PoolTogether)Regular budget expense analysis (Aave Grants provides a list of funded and outstanding grants that are updated in real-time)
Yuan Han Li • Mirror
Regular budget analysis should be a requirementExpenses should be tracked and justifiedGives token holders one way to evaluate performance