Q2 2024 Ref DAO Community Board Payout & Reorg Proposal

1. Payout for the DAO Community Board for Q2 2024

We propose the retroactive payout for 2024 Q2 for the community board members of the Ref DAO following this post, as well as the latest amendments in the previous payout and reorg proposal. As a reminder,

Track 1: DAO Duties

  • Compensation: 400 REF/month
  • Excludes full-time Ref core team members sitting on the community DAO.
  • DAO duties include, but are not limited to, regular & timely voting on proposals, participation in the discussions on proposals etc in the DAO chat, feedback and suggestions for Ref, testing before release, participation in the biweekly syncs (unless absence had been notified beforehand).

Track 2: Extra Contributions

  • Compensation: To be determined on a per-case basis.
  • Covers specific labor or material output beyond standard DAO duties such as community moderation or specific marketing activities.

Other:

  • The community board is allocated upto 10K REF/month.
  • The Supreme Board, who oversees the DAO administration and operations such as the payouts and hosting the biweekly syncs, compensates its members 400 REF/month.
  • Those trialing for the Ref DAO are compensated 200 REF/month for their time and contributions during the trial period.

TL;DR Q2 2024 Payout for Ref DAO Community Board

Total Payout: 10600 REF

*Given there are still leftover funds in the community board treasury, we will not be requesting the 10K REF/month reserved for the community board for Q2 payouts.

For a detailed breakdown of each member’s compensation and their voting history, please see Payout Matrix and Voting History

2. Proposal to Remove Members from the Community Board

Upon discussion, the DAO has consented to remove all current sitting DAO members gradually over time. The reasoning is that the current DAO members have been on the DAO since inception or at least over a year, which we believe contributes to stagnation and inactivity. To ensure a smooth transition, the DAO is trialing new potential DAO members to take over while removing 2-3 previous members per quarter. The goal is to reorganize the DAO so that it holds 5-7 members in total, consisting of community members with a proven track record for their commitment to NEAR and has been vetted via the previous DAO members through a trial process.

  • Members to be removed: sanketn81.near, hh00.near, rimberjack.near

**alejandro.near, who has previously expressed his will to resign, will stay onboard for the time being to ensure a smooth transition between the old DAO and the new DAO.

3. Rejuvenating the Ref DAO:

With the Ref DAO in motion for full rejuvenation, we are actively looking for new contributors. Recommendations and applications are encouraged through comments or by reaching out to DAO members or the Ref core team. Regular reorganizations ensure that active members are recognized and inactive ones are replaced.

How to Join the DAO?

The Ref Finance DAO welcomes active and committed community members. Contribute via Discord, Telegram, product iteration, feedback, or bug reports. Make yourself known, and during quarterly reorganizations, your recognized value and input will be considered.

If the forum post comments are slow in response, please reach out to AVB or Aescobar on Telegram.

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