teleo-codex/decisions/internet-finance/drift-fund-the-drift-working-group.md

type	entity_type	name	domain	status	parent_entity	platform	proposer	proposal_url	proposal_date	resolution_date	category	summary	tracked_by	created
decision	decision_market	Drift: Fund The Drift Working Group?	internet-finance	passed	drift	futardio	proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2	https://v1.metadao.fi/drift/trade/6TkkCy26HCqxWGt1QgfhFHc6ASikRjk74Gkk4Wfyd7wR	2025-02-13	2025-02-16	grants	Proposal to establish community-run Drift Working Group with 50,000 DRIFT funding for 3-month trial period	rio	2026-03-11

Drift: Fund The Drift Working Group?

Summary

Proposal to establish the Drift Working Group (DWG), a community-run initiative modeled on successful Solana ecosystem working groups. The proposal requested 50,000 DRIFT tokens to fund initial setup and 3 months of operation focused on content creation, community activation, and educational development. The working group would operate independently with initial collaboration from the Drift core team.

Market Data

• Outcome: Passed
• Proposer: proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2
• Created: 2025-02-13
• Completed: 2025-02-16
• Proposal Account: 6TkkCy26HCqxWGt1QgfhFHc6ASikRjk74Gkk4Wfyd7wR
• DAO Account: 8ABcEC2SEaqi1WkyWGtd2QbuWmkFryYnV1ispBUSgY2V

Structure

• Leadership: Socrates (3+ years crypto marketing expertise)
• Team Size: Lead + 4 working group members
• Monthly Budget: 15,400 DRIFT (5,000 for lead, 2,600 per member)
• Additional Initiatives: 3,800 DRIFT allocated
• Governance: 2/3 multisig wallet (working group lead + two Drift team members)
• Launch Target: End of February 2025

Key Activities

• Content creation across multiple mediums (tweets, videos)
• Community activation through "Community Rituals" (live-streamed trading sessions, community takeovers)
• Educational materials for new users and complex features

Success Metrics

• Creation of new community initiatives
• Increased engagement on X (impressions, replies)
• Increased community participation in Discord

Significance

Demonstrates futarchy-governed community grants for ecosystem development. The working group model represents an experimental approach to decentralized community building with defined trial period and performance tracking. Any unused budget would be returned to the DAO.

Relationship to KB

• drift - parent entity receiving governance decision
• futardio - platform hosting the futarchy decision
• MetaDAOs Autocrat program implements futarchy through conditional token markets where proposals create parallel pass and fail universes settled by time-weighted average price over a three-day window - governance mechanism used

Full Proposal Text

Success guidelines:

• Creation of new and engaging community initiatives
• Increased level of engagement with Drift across various channels
  • Higher engagement across X (i.e impressions, replies, etc.)
  • Increase community participation in Discord

Proposal: This proposal is to fund a community-run Working Group. The proposal requests 50,000 DRIFT for funding the initial set-up and 3 months of operation.

Proposal Overview

Drift would like to establish a working group called the Drift Working Group, following successful models in the Solana ecosystem. The working group model is designed to create a self-sustaining ecosystem of engagement, education, and growth for Drift. The working group will operate independently, with initial collaboration with the Drift core team during formation.

This is an experimental initiative with plans to growth based on the program's success. The DWG will be led by a community member with a proven track record. The DWG will undergo a 3-month trial period before we build up learnings and next steps.

Key Activities

• Content Creation: Develop high-quality content through different mediums like tweets and videos, to inform and engage the community about Drift's offerings.
• Community Activation: Implement initiatives ("Community Rituals") to boost community participation, such as live-streamed trading sessions and community takeovers.
• Education Development: Create comprehensive educational materials to guide new users and breakdown more complex features of Drift.

Leadership & Structure

The DWG will be led by Socrates, bringing 3+ years of crypto marketing expertise and technical background. His focus spans user acquisition, content strategy, and brand awareness. He has supported notable brands such as Brave, Sui, Helio, Shaga, and Streamflow. The initial team will be composed of Anay and 4 working group members, with a total monthly budget of 15,400 DRIFT.

Budget

• The total budget for the working group is 50,000 DRIFT tokens. This amounts to 15,400 per month for three consecutive months as trial, with 3,800 DRIFT allocated for additional initiatives.
• Any unused budget will be returned to the DAO.

Monthly Budget Breakdown

• Working Group Lead: 5,000 DRIFT
• Team Members: 2,600 DRIFT
• Initial team size: Lead + 4 members
• Additional Sponsorship: Allocated budget for community initiatives

Timeline & Urgency

• Launch Target: End of February 2024
• Market Context: The current competitive landscape necessitates swift action to attract and retain talent, as similar initiatives are emerging.
• Governance: DAO approval is required prior to the formation of the DWG.

Operational Framework

• Weekly Reporting: The working group lead will provide regular updates to the Drift team.
• Performance Tracking: Metrics will include individual KOL deliverables, community sentiment analysis, and internal feedback collection.
• Fund Management: Funds will be managed through a 2/3 multisig wallet, comprising the working group lead and two members of the Drift team.