by Progressive Decentralization team
Summary
Over the past six months, the DappRadar Foundation has made substantial progress through the Progressive Decentralization Workstream (PDW), advancing the operations and revenues of the DappRadar DAO. This proposal reflects on the key activities, achievements, revenues, and payments related to these efforts, ensuring that the DAO’s mission continues to scale. The PDW has played a crucial role in formalizing legal, financial, and governance structures while promoting the engagement of DAO contractors and contributors.
Motivation
The goal of accelerating Progressive Decentralization remains at the core of DappRadar’s mission to establish the world’s first community-owned and operated Dapp Store. This proposal seeks to review the activities of the first epoch of PDW, highlighting the operational and strategic contributions made over the past six months and setting the stage for continued decentralization efforts through a requested budget.
Assessment (Q2 and Q3 2024 Budget)
The achievements of the Progressive Decentralization Workstream over the last six months include:
1. Establishing Governance & Legal Frameworks
- DAO Constitution and By-laws: Initiated the drafting of these documents to solidify governance.
- Legal Agreements: Finalized the second key agreement, the Access Agreement, granting the DAO rights to utilize the platform and IP of DappRadar UAB at an arms-length royalty rate.
- Policies: Developed the service provider and contributor onboarding process including KYC. Successfully onboarded the first contributors and additional providers.
2. Operational & Strategic Milestones
- Operational Framework: Designed the DAO Operations framework, setting KPIs and reporting obligations.
- Onboarding Programs: Created onboarding processes for DAO participants and DappRadar UAB employees, ensuring a smooth transition into DAO operations.
- Project Monitoring Systems: Set up mechanisms to monitor workstream progress against agreed-upon KPIs.
3. Financial System Setup
- Accounting and Reporting: Implemented reliable accounting policies and processes, allowing for accurate financial tracking and reporting.
- Financial Modeling: Improved models for RADAR treasury balances and emissions, assessing buying/selling pressure on the token.
- Profit and loss:
- Total Revenue: $213,860
- Costs: $87,959
- RADAR Buy-back Program: Executed strategies for RADAR buy-backs to strengthen the token’s market position.
4. Community Engagement & Governance
- Frameworks for Community Voting: Designed structures that allow for decentralized governance and community-led proposals.
- Feedback Channels: Created formal processes for collecting community feedback on protocol improvements and product suggestions.
- PRO members: Used multiple marketing approaches to build the PRO members from 684 to 907.
5. Partnership & Ecosystem Expansion
- Strategic Partnerships: Built relationships with other decentralized projects to foster collaboration and integration into the DappRadar ecosystem.
- Development of DappLaunch Selection Committee: Group that reviews DappLaunch pipeline and recommends projects
- BNB, Polkastarter, DappRadar DAO, Lunar Strategy, Crypto Potato, Chainwire
- Development of DappLaunch partner network: Group that provides value to the ecosystem via services, credits, consulting for projects
- 20+ confirmed partners including OKX, AWS, Fjord Foundry
- Ecosystem Development: Implemented integration strategies that enabled seamless collaboration with partners.
6. Transparency & Accountability
- Reporting Mechanisms: Implemented transparency measures across workstreams, ensuring regular reporting on performance and budget allocation.
- Key Performance Indicators: Monitored progress through well-defined KPIs related to decentralization, operational efficiency, and ecosystem growth.
Performance Metrics
- Decentralization Roadmap Progress: Demonstrated success in meeting decentralization milestones, with further goals outlined for the upcoming period.
- Operational Efficiency: DAO operational framework completed, with contractors and contributors onboarded and executing on tasks.
- Community Participation: Measured increases in voting and proposal feedback, indicating growing community engagement.
- Partnership & Ecosystem Development: New strategic partnerships and integrations achieved, driving ecosystem growth including scaling DappLaunch.
- User Growth & Retention: Increased user activity and retention as a result of successful decentralization efforts.
Budget/Duration
This proposal reviews the previous 6-month period and lays out the strategic vision for the next six months. A quarterly review process will be established to assess progress and adjust as needed. The budget allocation reflects the work completed and anticipates upcoming needs for the PDW.
Proposed Budget
Estimated Revenues $250,000
| Expense Category | Budget Amount |
|---|---|
| Core Contributor Fees | $128,150 |
| Community Initiatives | $6,900 |
| Technology Development | $18,200 |
| Partnership Activities | $9,150 |
| Other Operational Costs | $22,600 |
| Total | $185.000 |
Vote
- Yes: Accept new Progressive Decentralization Workstream budget
- No: Reject new Progressive Decentralization Workstream budget