2022 Q2 Ref Community DAO Payout & Reorg Proposal

[rimberjack]

It’s that time again.

@rimberjack

Brief recap

• the Ref community board of the Ref Finance DAO contributes to the management of the Ref treasury and protocol operations (whitelisting tokens, approving farms, Ref token buybacks, contract updates etc) through weekly discussions and voting via Astro DAO

• community members also take ownership of various aspects of Ref’s operations as part of the DAO, including but not limited to: community channel moderation, marketing, community events, product testing and feedback, DAO administration, outreach, business development.

• to compensate the work of community members and associated activities, a monthly budget of 10K REF is allocated to the Ref Community Board DAO (separate to the main DAO; to manage community board treasury)

• DAO member’s contributions are evaluated on a quarterly basis and compensation is paid out accordingly, based on a two-tier system

• Tier 1: basic participation in weekly discussions and DAO votes - 200 REF

• Tier 2: active contribution beyond tier 1/accomplishment of specific tasks - 600 REF

See further information on this set up here: [Budget] Reward Proposal for Community DAO Members and Bounties for July-Sept

2022 Q2 Community Board Member Payout

See full payout scheme here : See tab “Q2 Payout Scheme”

This payout scheme & reorg proposal is based on self-reported (then mutually verified) evaluations, as well as quantiative data such as voting & number of syncs attended, all of which can be seen here. See tabs “Q2 Contributions” and “Q2 Voting”

@rimberjack

How to claim payout

Please create a proposal on the Ref Finance Community Board DAO for the amount you are entitled to (based on the sheet above)

For text, write something to the effect of “2022 Q2 Community Board Member payout: (input your tier)”
If you have other expenses that are being compensated please add that info also (e.g. 2022 Q2 Community Board Member Payout: Tier 2 + expenses)

Target your wallet address (corresponding to the sheet above, unless otherwise agreed upon with the Supreme Board)

Link this forum post to the proposal

Wait for the proposal to be approved by the Supreme Community Board

2022 Q2 Reorg Proposal

Almost every quarter, with the evaluations, Ref Finance DAO has reorganized to remove inactive members and add new ones. For a DAO-centric project like us, active engagement and participation in voting is crucial and therefore we are always keen to keep up the activity of the DAO at all times.

This Q2, based on minimum requirements of a DAO member (1. Exercise of of voting rights, 2. Participation in syncs, 3. Contribution to proposals and product discussions) we have identified two members who have not met the criteria consistently the past quarter. For contributions and voting history, please see here.

We propose that the following two members are removed from the Ref DAO:

1. diamond.near: casted 8 votes out of 80, absent during weekly syncs, inactive on DAO discord

2. Khbw.near: casted 2 votes out of 80, absent during weekly syncs, inactive on DAO discord

While there were other members with equally low voting rates (fluxbux.near and isan.near), fluxbux.near holds an important strategic value for Ref as an ecosystem partner, and isan.near is still active in the Discord and syncs while intentionally abstaining from votes, therefore the DAO has agreed to remove only the above two for the time being.

Additionally, the DAO moves to add in two new members to the community board:

1. iamgalt.near: founder of Pembrock Finance. Strategic partner, given that Pembrock is a leverage yield staking solution built on top of Ref. Igor is also eager to contribute to the DAO and active in the general NEAR community.

2. Ctrlaltf.near: Marketing lead at Ref Finance and part of core team. Fauve has proven to be integral to Ref in the past months and has shown eagerness to partake in the DAO & community activation process.

**Community Board Restructuring: Create Subgroup Within DAO Community Board **

Following upon the same proposal from the last reorg post, we propose once again that within the community board of the Ref DAO, we create a smaller subset of active members so that we can lower the quorum to pass votes. The general community board will thus have all 20+ members includinf advisors and partners, who - while they provide important strategic value - are not necessarily available for regular participation in voting. There will, however, now be a smaller subgroup with the core members that are regular voters and participants in the syncs & Discord, so that we require less votes to pass proposals and solve the bottleneck Ref often faces in busy times. Everyone in the community board will still be able to vote; this is unaffected by this restructuring.

Hence, [ref-finance.sputnik-dao.near] will be structured like so:

Council
Awen.near
Refchef.near
D1.near
Caoyin.near

---

Community Board
Riqi.near
Fluxbux.near
Louisliu.near
Isan.near
Jlw.near
Iamgalt.near
Ctrlaltf.near

---

Core community group
(This means that on Astrodao, these members below would belong to both “community” & “core group”)

Chluff.near
Cudam321.near
Blaze.near
Cronus.near
Thb0301.near
Wmheng.near
Messagebox.near
Beng.near
Sanketn81.near
Alejandro.near
Hieunmben100.near
Rimberjack.near
Hh00.near
Blockpi.near
Zanli.near
Jusdao.near