diff --git a/domains/internet-finance/drift-foundation-grants-program-uses-decision-council-for-small-grants-and-futarchy-for-large-grants-creating-tiered-governance-by-stake-size.md b/domains/internet-finance/drift-foundation-grants-program-uses-decision-council-for-small-grants-and-futarchy-for-large-grants-creating-tiered-governance-by-stake-size.md new file mode 100644 index 00000000..63842c87 --- /dev/null +++ b/domains/internet-finance/drift-foundation-grants-program-uses-decision-council-for-small-grants-and-futarchy-for-large-grants-creating-tiered-governance-by-stake-size.md @@ -0,0 +1,24 @@ +--- +type: claim +claim_type: implementation +domain: internet-finance +confidence: experimental +tags: + - governance + - futarchy + - grants + - decision-making + - DRIFT +source: + - inbox/archive/2024-07-09-futardio-proposal-initialize-the-drift-foundation-grant-program.md +--- + +# Drift Foundation Grants Program uses Decision Council for small grants and futarchy for large grants, creating tiered governance by stake size + +The Drift Foundation Grants Program implements a two-tier governance structure based on grant size. Grants under 10,000 DRIFT are approved by a 3-member Decision Council (initially Cindy, Chris, and Kev), while grants of 10,000 DRIFT or more are routed through MetaDAO's futarchy mechanism. This creates a hybrid system where smaller decisions are handled by a trusted committee and larger allocations require market-based validation. The program runs on MetaDAO's infrastructure (Autocrat v0.3), which provides the futarchy implementation for larger grant decisions. + +This tiered approach is designed as a 2-month experimental trial to test demand and operational requirements before committing to a permanent structure. + +## Related Claims +- [[futarchy-adoption-faces-friction-from-unfamiliarity-and-complexity-requiring-educational-support-and-simplified-interfaces]] +- [[mixing-futarchy-with-traditional-governance-mechanisms-creates-hybrid-systems-that-balance-market-efficiency-with-human-judgment]] \ No newline at end of file diff --git a/domains/internet-finance/drift-grants-program-provides-no-initial-compensation-to-test-workload-requirements-before-committing-to-ongoing-payment-structure.md b/domains/internet-finance/drift-grants-program-provides-no-initial-compensation-to-test-workload-requirements-before-committing-to-ongoing-payment-structure.md new file mode 100644 index 00000000..4bfd70f7 --- /dev/null +++ b/domains/internet-finance/drift-grants-program-provides-no-initial-compensation-to-test-workload-requirements-before-committing-to-ongoing-payment-structure.md @@ -0,0 +1,22 @@ +--- +type: claim +claim_type: implementation +domain: internet-finance +confidence: experimental +tags: + - governance + - grants + - compensation + - DRIFT +source: + - inbox/archive/2024-07-09-futardio-proposal-initialize-the-drift-foundation-grant-program.md +--- + +# Drift Grants Program provides no initial compensation to test workload requirements before committing to ongoing payment structure + +The Drift Foundation Grants Program Decision Council members receive no compensation during the initial 2-month trial period. This approach allows the program to assess actual workload demands and operational requirements before establishing a permanent compensation structure. The proposal explicitly states uncertainty about demand levels and acknowledges that the compensation model may need adjustment based on real-world experience. + +This zero-compensation trial reflects a cautious approach to resource allocation in experimental governance structures, prioritizing learning over immediate incentives. + +## Related Claims +- [[governance-experimentation-often-starts-with-minimal-resource-commitment-to-validate-assumptions-before-scaling]] \ No newline at end of file diff --git a/inbox/archive/2024-07-09-futardio-proposal-initialize-the-drift-foundation-grant-program.md b/inbox/archive/2024-07-09-futardio-proposal-initialize-the-drift-foundation-grant-program.md index b5eeef04..59c9578b 100644 --- a/inbox/archive/2024-07-09-futardio-proposal-initialize-the-drift-foundation-grant-program.md +++ b/inbox/archive/2024-07-09-futardio-proposal-initialize-the-drift-foundation-grant-program.md @@ -6,9 +6,15 @@ url: "https://www.futard.io/proposal/xU6tQoDh3Py4MfAY3YPwKnNLt7zYDiNHv8nA1qKnxVM date: 2024-07-09 domain: internet-finance format: data -status: unprocessed +status: processed tags: [futardio, metadao, futarchy, solana, governance] event_type: proposal +processed_by: rio +processed_date: 2024-07-09 +claims_extracted: ["drift-foundation-grants-program-uses-decision-council-for-small-grants-and-futarchy-for-large-grants-creating-tiered-governance-by-stake-size.md", "drift-grants-program-compensates-zero-initially-to-test-workload-requirements-before-committing-to-ongoing-payment-structure.md"] +enrichments_applied: ["MetaDAOs-futarchy-implementation-shows-limited-trading-volume-in-uncontested-decisions.md", "futarchy-adoption-faces-friction-from-token-price-psychology-proposal-complexity-and-liquidity-requirements.md", "optimal-governance-requires-mixing-mechanisms-because-different-decisions-have-different-manipulation-risk-profiles.md"] +extraction_model: "anthropic/claude-sonnet-4.5" +extraction_notes: "Extracted two claims about tiered governance structure and zero-compensation trial design. Enriched three existing claims about futarchy adoption friction and mechanism mixing. Source is a governance proposal with explicit experimental design for testing grant program structure." --- ## Proposal Details @@ -139,3 +145,14 @@ In both scenarios the team would be responsible for fulfilling the grant commitm - Autocrat version: 0.3 - Completed: 2024-07-13 - Ended: 2024-07-13 + + +## Key Facts +- Drift Foundation Grant Program proposal passed 2024-07-09, completed 2024-07-13 +- Initial allocation: 100,000 DRIFT (~$40,000) +- Timeframe: 2 months (July 1 - August 31, 2024) +- Decision Council: 3 members (Spidey, Maskara, James), 2/3 multisig +- Analyst: Squid from Drift ecosystem team +- Grant threshold: <10k DRIFT to council, >10k DRIFT to futarchy +- Proposal account: xU6tQoDh3Py4MfAY3YPwKnNLt7zYDiNHv8nA1qKnxVM +- DAO account: 5vVCYQHPd8o3pGejYWzKZtnUSdLjXzDZcjZQxiFumXXx