Executive Summary

The contributors hereby present the Season 4 (1 April - 30 June 2023) Proposal to 8DAO members.

Strategic 4 Goal

“Enhance Treasury Economics”

The purpose is to establish a sustainable financial mechanism for 8DAO. We expect the bear market will last for an extended period of time, and a closer look at our costs and cash position is a prudent arrangement. 3 main points:

1. Focus on cost control and the financial benefits of all DAO initiatives. A positive cash flow mindset.

2. Explore different capital allocation options. Study the possibility of deploying capital across different options. Capital growth while taking on calculated risks acceptable to the community.

3. Prioritize new initiatives that can bring in cash flow or liquid assets in the short term.

Major executive structure change:

A new, flatter team structure to replace the old block leader + contributor system. We envision 9 unit leads spearheading the various functions of 8DAO, with other general contributors reporting to them. All unit leads are candidates for the executive committee. We will implement an election process in which all contributors vote (5 votes each, open voting) to select the 5 Executive Committee members. The election takes place once at the beginning of each season.

Executive committee key functions:

1. Handle the following key decision making for 8DAO
   a. Approve use of treasury funds for all expenses exceeding USDC 1000, within each seasonal budget
   b. Approve partnerships
   c. Approve contributors’ commitment hours and compensation
   d. Select investment committee members

2. Review and approval of seasonal budget proposal

Main Objectives of executive structure change:

1. Ensure Executive Committee members who have the power to make core executive decisions are those who are recognised and voted in by fellow contributors, in terms of their decision making ability, contribution performance, integrity and putting 8DAO interests first.

2. Meritocratic Progression - Ensure new contributors who perform well have the opportunity to enter the core decision making group, the Executive Committee.

3. Increase the number of contributors doing peer assessment. Improve accountability

4. Making the DAO function not reliant on any individual. Reduce key-man risk.

5. Making the executive structure more flat, with more specific roles focused on leveraging each contributor's core skill set.

Revised Contributor Compensation Rates

Level 1: $55/hour Lead Contributor

Level 2: $40/hour Senior Contributor

Level 3: $25/hour Contributor

Level 4: $15/hour Basic Contributor

*Up to 30% compensation in USDC, the rest in 8DAO
*USDC percentage cap increased from 20% to 30%.  1.2x multiple for token compensation.

Season 4 Core Contributing Team

Season 4 Proposed Activities and Budget

Unit 1: Coordination Lead

Objectives:

1. Revise investment arm

2. Launch DAO builder initiative with incubation lead. Explore new revenue models for the treasury

Budget:

30,000 8DAO; 17,000 USDC

KPI:

1. Launch the new NFT fund

2. Pass at least 1 proposal in another DAO. And Earn revenue for 8DAO treasury form the proposal

Unit 2: Strategy Lead

Objectives:

1. Work with leads and executive committee to drive towards 8DAO’s seasonal goal

2. Provide insights and help promote the culture of collaboration internally and externally

3. Consultant for leads on their strategies, idea and different initiatives

4. Develop strategic views to optimize 8DAO’s operations and organization for efficiency and effectiveness

5. Work with Treasury lead on optimization of 8DAO’s treasury and enhance reporting and transparency

Budget: 

-

KPI:

1. At least 1-2 one-on-one advisory sessions for each lead within the season

2. Timely advice on DAO’s operation SOPs and governances

Unit 3: Treasury Lead

Objectives:

1. 8DAO.io website in Japanese

2. Setting up the operation for FrenArt

3. Updating member info to member profile gallery

4. Launching SBT & Badge NFT to members

5. Setting up the new NFT fund

Budget:

10,000 8DAO; 5,000 USDC

KPI:

1. 8DAO.io website in Japanese

2. New NFT fund launch

3. Membership NFT launch

Unit 4: Community Lead

Objectives:

1. Facilitate Community events and initiatives to boost community engagement

2. Continued growth of 8DAO member base

3. Together with community contributor Wing, ensure smooth running of all community operations

4. Design and production of more and different types of quality merch for members

5. Craft quality posts, DAO announcements, outreach content, and member stories - alongside our social media strategy

6. Coordinate with all leads for Seasonal review and draft Seasonal proposals

Budget:

1,000 8DAO; 5,000 USDC

KPI:

1. Publish at least 3 approved articles on 8Pulse

2. Minimum 28 approved members join 8DAO (outside of Japan)

3. Design and deliver new merch for S4

Unit 5: Creative Lead
Objectives:

1. Strengthen and refine the 8DAO brand identity, increase the visibility and engagement of 8DAO through creative initiatives including social media, branding and design.

2. Support the incubatee DAO (FrenArt) on creative initiatives such as enhancing brand identity with social media, gen art exhibition initiatives

3. Provide creative strategy and execution for DAO initiatives, such as the potential events

4. Explore a good way of gen art display experience

Budget:

2,000 USDC

KPI:

1. Increase 8DAO twitter followers to 4.5k

2. Hold at least 2 Twitter spaces

3. At least once weekly social media posts for the incubatee DAO (FrenArt)

4. One feasibility study of gen art display experience solution

Unit 6: Partnership Lead

Objectives:

1. Continue exploring various kinds of partnership to further build our 8DAO brand and ecosystem

2. Focus on further establishing quality partnerships with leading web3 projects and organizations

3. Key point of contact with external partners for key events

Budget:

5,000 USDC

KPI:

1. Establish at least one new partnership with other leading Web3 investors, corporations, brands or communities

2. At least one event or published article with our partners.

Unit 7: Event Lead

Objectives:

1. Explore revenue streams, working with other leads on DAO builder initiative

2. Craft and submit proposals to other DAOs and earn revenue for 8DAO treasury

Budget:

15,000 8DAO; 8,000 USDC

KPI:

1. Submit at least 3 proposals in other DAOs

2. Pass at least one proposal and receive payment from another DAO

Unit 8: Japan Lead

Objectives:

1. To increase awareness within the Japanese community by supporting the local events

2. To increase the number of Japanese members

3. Expand and establish the structure of the team in Japan

4. Execute 1 community driven initiative in Japan

5. To assign 1 contributor from JPN community

Budget:

USDC: 8,000 (Event Sponsor x 2, expense,community driven initiative)
8DAO: 3,000 (Contributor from May)

KPI:

1. To reach 300 people related to NFTs in Japan

2. At least 12 new members to join from JPN

3. Grow Japan contributor team by 1

4. Execute 1 community driven initiative in Japan

Unit 9: Incubation Lead

Objectives:

1. Prove that we can launch a DAO

2. Prove that we can contribute to other DAOs and be paid

3. A P&L statement/framework for each DAO initiative

4. A write up articulating these DAO initiatives creates value for 8DAO

Budget:

8,000 USDC (mostly as working capital to fund the upfront work for proposals)
1,000 8DAO (as incentive to help us look at 3 and 4)

KPI:

1. Successful launch of FrenArt: Membership passes are minted and activity in the community

2. Pass one proposal and receive payment from another DAO to execute on the proposal (ideally profitable)

Consolidated 8DAO KPI

1. Launch the new NFT fund

2. Pass at least 1 proposal in another DAO. And Earn revenue for 8DAO treasury form the proposal

3. 8DAO.io website in Japanese

4. Publish at least 3 approved articles on 8Pulse

5. Minimum 28 approved members join 8DAO (outside of Japan)

6. Design and deliver new merch for S4

7. Increase 8DAO twitter followers to 4.5k

8. Hold at least 2 Twitter spaces

9. At least once weekly social media posts for the incubatee DAO (FrenArt)

10. One feasibility study of gen art display experience solution

11. Establish at least one new partnership with other leading Web3 investors, corporations, brands or communities

12. At least one event or published article with our partners.

13. Submit at least 3 proposals in other DAOs

14. Pass at least one proposal and receive payment from another DAO

15. Successful launch of FrenArt: Membership passes are minted and activity in the community

16. To reach 300 people related to NFTs in Japan

17. At least 12 new members to join from JPN

18. Grow Japan contributor team by 1

19. Execute 1 community driven initiative in Japan

Consolidated Season 4 Budget