SDIP: SquiggleTank

homerfan33

Abstract
This proposal provides a way for the DAO to support small, creative projects that promote the growth and cultural relevance of the Chromie Squiggle.. “Squiggle Tank” gives anyone the opportunity to pitch their Squiggle-related idea and receive $SQUIG to help activate it.

Motivation
Now with resources and funding, SquiggleDAO has the opportunity to support and empower anyone who wants to further the DAO’s mission.

Success Conditions
At least 2 Discord posts and 2 social media posts publicizing SquiggleTank each month
At least 1 award submission each month
At least 1 executed idea each month
An end-of-month report on the previous month’s executed project, including KPIs that reflect how the project added value to the community and/or furthered our core mission of Squiggle culture and growth

Costs/Budget
1,150 $SQUG per month: 1,000 $SQUIG (or $5k/month equivalent) for award recipient(s), 50 $SQUIG per person for 3 committee members

Project size:
$5k USDC max
<4 weeks to delivery

Pitching & Award Process

At the end of each month the DAO will actively solicit SquiggleTank submissions via social media and within Discord channels.
SquiggleTank award nominations will be submitted via squiggledao.com and will be open from the 1st through the 25th of the month
The selection committee will make awarding decisions by the last day of the month
Multiple projects may be funded in a given month, provided that the committee stays within monthly budget
Significant preference is to pay awards in $SQUIG but the committee may also consider USDC or ETH as necessary
Awards disbursements ($SQUIG or otherwise) will be made upon project completion, as verified by selection committee
Any SquiggleTank award recipients will be expected to publicly report on results of their project by the 25th of the month following the award.

Squiggle Tank Selection Committee

The selection committee will consist of 3 DAO members who volunteer. In the event more than 3 people volunteer to be on the committee, a DAO vote will decide who serves on the committee.
Each selection committee member will receive 50 $SQUIG as compensation for serving
A selection committee member must recuse himself/herself from decision making if that person has a pending SquiggleTank award submission

Awards Nomination Form (Preliminary)
What’s your SquiggleDAO Discord Name & Ethereum Wallet Address

Is this a self-nomination or are you nominating someone else?

What’s your idea (in 1-2 sentences)?

How does this align with the SquiggleDAO mission of supporting the growth and cultural relevance of the Chromie Squiggle (in 1-2 sentences)?

When will this project go live?

How will you measure success of the activation?

Do you have a specific request for amount of funding? What will funds be used for?

Launch Details
Launch social post, announcement in Discord server, announcement in weekly Town Hall

Rewards
POAP for the originator(s) of the idea

homerfan33

"yes and" to the SDIP above: in addition to taking general submissions, we can also prompt SquiggleTank proposals for things we know the DAO needs: e.g., meme content, Squiggle articles, Squiggle IRL mural, Squiggle hold music (for squad meetings, town halls)

coin_witch

Looks awesome! My question is: would we entertain a gap between granting the award to the new winner at the end of the month, and the time they can start their project? 25 days turn around from finding out you won to turning in a final report sounds rushed. I imagine permits, availability of rentals, and plane tickets could all be in play for some projects.

moose

I love this idea and think it will really supercharge community engagement and ideation. I have the same question as coin_witch above. Maybe the timeframe for execution of some proposals could be greater than a month? I could also imagine that weekly or bi-weekly progress updates could be appropriate for projects on the higher end of the budget range.

Also, how long will this program run? Indefinitely?

Super keen to see how this goes!

homerfan33

Thanks to you both for the feedback re: timing! I'll update to allow for more flexibility in delivery timing on the project. This will happen before sending to snapshot.

homerfan33

Thanks to everyone for the review and feedback! As a next step, moose and coinwitch have volunteered to make revisions. They will then work with Gregg to get this posted for an official snapshot vote.

coin_witch

Migrating this from the Marketing channel in discord:

glory
This looks great.

On the expense reimbursement side -- I know a lot of this will likely be determined by the committee members, but we may want more clearly defined parameters around this. I'm thinking about situations where the applicant may not have a clearly defined amount of expense that they expect to incur. I think should define some sort of cap on how much we are willing to reimburse for each project. Or at least a process in place to validate certain expenses. Eg. Someone wants to set up a pop-up gallery at Art Dubai. They need a plane ticket -- we should have a way to define how much we're willing to reimburse for that. Because that cost has a very large potential range.

moose
Thanks for this feedback @glory , I've been thinking about a few solutions to address this;

We could cap the maximum reimbursement amount for projects at something like 200 $SQUIG ($1000 USD)
We could cap it at 2X the base reward rate (ex a reimbursement cap of 200 $SQUIG for projects in the 100 $SQUIG tier)

In addition to implementing one of the above, we could also add in some basic validation as part of the committee's responsibilities. Ex a responsibility that looks like:
- Performing some basic due diligence to ensure that reimbursement requests are realistic and accurate

Also the numbers I threw in above can be adjusted

How does this sound?

glory
Great ideas. I think something more flexible like your #2 could work well, especially in conjunction with your next point about a more discretionary validation. And then you guys can always tweak as you get more experience with the process.

glorysk87

^^ thanks @coin_witch

0xgregory

Locking this.

Please move to : https://forum.squiggledao.com/d/54-sdip-squiggle-grants-v2-formerly-squiggle-tank/3