DAO Reporting Discussion

@ben2k_Stakeridoo thank you for your feedback & suggestions!:blue_heart:

This is something we will be sure to include in this moving forward to ensure we are staying in communication with each DAO operating within our ecosystem to measure their success and guide them towards self-sustainability.

Another suggestion we’ve received from @OgreAbroad is to perhaps incentivize DAOs to encourage them to participate, since we have an “ask” perhaps we should have a “give” as well. I am open to suggestions on this and am happy to relay any feedback to our DAO ops team.

Thank you again @ben2k_Stakeridoo for your participation & involvement in the community discussion. Hoping to see you on our open DAO Operations call tomorrow if you’re available!

-Rachel

Maybe the ‘give’ is additional funding in the future. Also I like carrot cakes.

3 Likes

LightItUpDAO payday today:
We paid salary and expenses to two signatories, $5552 total.

Milestones for the past two weeks, mostly accomplished by two salaried members:
~ consistent presence three times a week in Harmony DAO ops zoom and twitter spaces
~ research and purchase two Epson 4000k projectors, and accessories
~ form LighItUpDAO meetup group for DAOists
~ plan first community event ay IRL Art on May 20th, graphics, begin promoting
~ issue the LIGHT governance token
~ plan activist actions for NFT NYC
~ plan NFTea boba tea event for NFT NYC
~ ask barco for three bids for laser projector packages
~ Initial planning for NFT collections to crowdfund projectors
~ two crypto corner education events
~ learn to operate the Epson projectors
~ test flight projection action with two projectors in RINO Denver
~ gain understanding of the power our projection art and gain clarity how to market for sustainability
~ recruited two digital artists to project their art
~ designed a snapback hat and ordered first merch item
~ designed LightItUpDAO logo
~ set up dework task and bounty manager
~ recruit 40 users to dework to qualify for $1K micro-grant
~ set up commonwealth forum and governance platform
~ set up snapshot voting platform
~ set up team resource channels on discord

@Sam @ElixirofLife @frwrdslosh @Chakraam_The_Great @DevinMarty

2 Likes

If it is of any value, I’d like to hand over some of my own recommendations for the DAO’s. This is a list of where I see most issues stemming from. Thank you :blush:

•Daos need onboarding requirements.
•They need funding transparency reporting. :heavy_check_mark:
•They need to sign on time.
•They need to deliver bi-monthly or else the funding should be halted until a notice is given.
•They need to have at least 9 signers. :heavy_check_mark:
•They need a proposal written after new elections, and a report every month made about their progress. (1/2 :heavy_check_mark: )
•They should to not get paid for unproductive meetings or managing existing paperwork.
• Have to have a 10 hour work week cap at or bellow $75 an hour.
•There needs to be roles before the DAO established itself.
•There needs to be social media presence.
•There should be an application built or in the process of being built on harmony.
•The DAO needs Governors for at least 6 months per term, 3 is not enough for growth.
•Daos need an operations introduction to onboard new operators in an effective manner.

These are only recomendations to help reduce inefficiency and lag times and over spending.

3 Likes

Wow Suede.

Thank you for providing such extensive detail & offering transparency to the community on LightItUpDAO. Sharing deliverables, milestones and budgeting helps to maintain accountability, and you guys are a shining example of what we look for in DAO operations.

Keep up the amazing work.
I think you’ve more than earned your carrot cake
:slightly_smiling_face::cake:

-Rachel

2 Likes

Greetings all DAOists, here is the reporting from the LightItUpDAO for May 15th.

====

These are our deliverables and metrics from the PREVIOUS two weeks ~ May 1-15, 2022
Organized by each of 8 teams

Projection Team

Recruit 10 digital NFT artists, onboard four artists to MAD NFTs.

Plan NFT NYC projection for AuroDogs NFT, Harmony DAO.

4 Projection events

Friday night Lights ~ project in RINO two Fridays in May.

Project one time outside the Rockies Stadium on game night.

Project digital art at ADAO Culture Museum, Denver event.

Provide visibility for 12 digital artists ~ scroll here —>> https://twitter.com/LightItUpDAO

Skills Team

Arrange for Las Vegas AV show passes, book hotel for the DAO.

Education Team

No crypto corner events, but educated 30 persons in our regular lives.

To date, 81 contacts at Crypto Corner Education events.

NFT Team

NFT Collections ~ Two collections launching June 1.

Equipment Fund NFT Collection ~ Create roadmap, acquire art, plot tokenomics.

Voting and Gating NFT Collection ~ Create roadmap, acquire art, plot tokenomics.

Marketing Team

LightItUpDAO logo.

Create byline: Your Guerilla NFT Marketplace

Filming projection event with HYPEtv

Production for NFT NYC Merchandise Collection ~ Snapback Hat

Community Team

Attend and speak at five Community DAO, spaces, and DAO Ops online groups.

Attended four local crypto networking events.

Connect with two mentors.

30 talk forum and twitter posts.

https://twitter.com/LightItUpDAO

Governance Team

Distributed LIT tokens to six community members who came out to events.

Payroll and bi-weekly accounting. Timesheets here:

Deliverables and metrics accounting here:

Spending on May 15, 2022 was $7720, $4000 salary, $3720 payments to DAO members for: our NFT art, filming and video editing, governance software platform, travel, listed in these reports. That leaves $16,930 in our treasury. Enough to get us through June 2022.

Sustainability Team

Meet with Matenoise about Central City paid gig in July.

We have $24,500 in USDT in the treasury.

Total spending budgeted for May and June is $24,100.

We made our 75k grant last for four months, not just three, and also incurred a $15K loss from market volatility.

View our balanced budget here:

@ElixirofLife @frwrdslosh @Sam @Chakraam_The_Great @DevinMarty @lij

1 Like

Greetings all DAOists, here is the [second part] reporting from the LightItUpDAO for May 15th.

====

These are our deliverables and metrics from the UPCOMING two weeks ~ May 10-31, 2022
Organized by each of 8 teams

Metrics and deliverables for May 15 - 31st

Projection Team

Friday night Lights: 6 Fridays in May and June.

Weekly going forward in various cities.

Skills Team

Las Vegas DAOist Meetup ~ infoComm 2022.

Road trip to Las Vegas to attend our industries annual convention.

Make projection skills video.

Education Team

Two crypto corner education events.

Onboard quickwallet

NFT Team

Launch two NFT collections. Art and contracts completed by June 1.

Equipment Fund NFT ~ cost .25 ETH * 500 NFTs, ERC 721, art by Glass Crane

Voting and gating NFT ~ cost .03ETH * 3333 NFTs, 10 designs, 333 each, art by Harry Pack

Marketing Team

We are you guerilla NFT Marketplace.

Build a WordPress website for LightItUpDAO.

Editing for HYPEtv, LightItUpDAO projection event film.

Sell Snapback Hats at $50 each. 100 to sell.

Community Team

First Community Event ~ Digital art, projection art, music, food, drinks.

DAOist Jamboree ~ May 20th.

Two twitter spaces.

Governance Team

Onboard the LightItUpDAO to full suite of voting, governance, budget, bounty, reputation tools.

Jacob Lill Suite of Tools.

Sustainability Team

NFT NYC ~ Get a grant for Harmony Pro Marketing

Organize and execute NFTea NYC Boba Tea event, Times Square.

Recruit NFT collections for projection actions, paid gigs.

Metanoise Central City projections, paid gig, in July.

Set up QuickWallet for LightItUpDAO events.

@ElixirofLife @frwrdslosh @Sam @Chakraam_The_Great @DevinMarty @lij

1 Like

That’s productive input… much needed and beneficial toward discussion on improving processes.

3 Likes

This is a great start and some good suggestions from many sources.

While it’s a reporting mechanism that is showing accountability, perhaps another “give” to the reporting DAO would be adding a section where they can report challenges they have had in meeting objectives of in general process.

This would create a built-in channel for feedback from the DAO core team and even other community members to reach out with suggestions on how to deal with those challenges.

2 Likes

**OR in general process.

Thank you for the feedback! @dwb We have been working very hard!! Any and all feedback is always greatly appreciated, we are always looking it! You have raised some good points.

2 Likes

Our guerilla, pop-up art and advertising installations are affordable, memorable and create a terrific impact.

Free service for causes and organizations, and emerging digital artists that want visibility. Available for hire to light up your NFT collection, blockchain protocol, or crypto project.

Get the LightItUPDAO for your events worldwide, we’d be happy to light it up for you!!

@ElixirofLife @frwrdslosh @Sam @Chakraam_The_Great @DevinMarty @lij




1 Like




Thank you for the insightful input, @BoGani.net.

Onboarding

  • I agree that we need to work to improve DAO onboarding procedures/requirements. A solution towards this we have found is DAOlens which is a DAO onboarding tool now live on Harmony that will assist your DAO in creating a an automated onboarding process custom to your DAO’s needs. (Additionally, members of the DAO can have populated profiles to show their basic information & qualifications)

Reporting

  • Reporting and funding transparency are huge. I’ve written an article on reporting Mirror.xyz that you can view here which proposes some solutions surrounding reporting. This is an element that we will incorporate into the 1DAO Alliance (If you have any suggestions as to templates, formats, and methods of submission, please feel free to share).

Signatory Pay

  • Additionally, I agree that we should move away from standardized signatory pay and payout signatories based on deliverables met & milestones completed (perhaps by implementing bounties through our DAO tool DeWork) that way we have a more achievement based system that pays out signatories based on their accomplishments rather than hours of busy work or meetings. That in itself could be a potential pathway to increase DAO productivity.

You bring up many additional valid points. Ultimately, we should to work to make DAOs more time and financially efficient, make sure they provide some sort of on-chain utility and encourage self-sustainability! (While offering them the tooling to succeed)

As always, thank you for your valuable input, let’s keep fighting to improve DAOs and make the necessary adjustments to always be better in an ever-evolving space.

:blue_heart:
-Rachel

2 Likes

Greetings all DAOists, here is the reporting from the LightItUpDAO for May 31st.

====

These are our deliverables and metrics from the PAST two weeks ~ May 16-31, 2022
Organized by each of 8 teams

Metrics and deliverables for May 16-31

Projection Team

Four projection actions ~ Rockies Stadium, ADAO event, DAOist Jamboree, and 2900 Walnut

Weekly going forward in various cities.

Skills Team

Las Vegas Retreat planning, videographer calls, AV show passes, recruit digital artists.

Education Team

Two crypto corner education events.

To date, 115 contacts at Crypto Corner Education events.

Onboard quickwallet

NFT Team

Launch two NFT collections. Art negotiations.

Equipment Fund NFT ~ cost .25 ETH * 500 NFTs, ERC 721, art by Glass Crane

Voting and gating NFT ~ cost .03ETH * 3333 NFTs, 10 designs, 333 each, art by Harry Pack

Marketing Team

We are your guerilla NFT Marketplace.

WordPress website for LightItUpDAO.

LightItUpDAO.xyz

Post on youTube HYPEtv, LightItUpDAO projection event film.

Community Team

Produce Community Event ~ DOAist Jamboree, May 20 ~ 50 attended.

Two twitter spaces.

20 twitter posts, 10 discord posts, 6 talk posts.

Governance Team

Onboarded the LightItUpDAO to full suite of voting, governance, budget, bounty, reputation tools ~ DAOPortal.

Payroll and bi-weekly accounting. Timesheets here:

Deliverables and metrics accounting here:

Sustainability Team

Wrote and posted Gitcoin Grant

Promote NFTea NYC Boba Tea event, Times Square.

Ongoing, recruit NFT collections for projection actions, paid gigs.

Visit Central City, proposal for July gig.

Onsite visit at McNichols Bldg ~ bid July gig.

@ElixirofLife @frwrdslosh @Sam @Chakraam_The_Great @DevinMarty @lij

Greetings all DAOists, here is the [second part] reporting from the LightItUpDAO for May 31st.

====

These are our deliverables and metrics for the UPCOMING two weeks ~ June 1-15, 2022
Organized by each of 8 teams

Metrics and deliverables for June 1-15

Projection Team

Recruit 10 digital NFT artists, onboard four artists to MAD NFTs.

Plan NFT NYC projection for AuroDogs NFT, Harmony DAO.

3 Projection events

Friday night Lights ~ project in RINO, one Friday.

Las Vegas retreat ~ two projection actions.

Provide visibility for 12 digital artists ~ scroll here —>> https://twitter.com/LightItUpDAO

Skills Team

Attend InfoComm 2022 convention ~ Las Vegas.

Film ‘How to be a guerrilla projectionist,’ instructional adventure video.

Learn Blender, and Resolute mapping.

Education Team

Two Crypto corner education events

To date, 115 contacts at Crypto Corner Education events.

NFT Team

NFT Collections ~ create art, launch by June 7.

Equipment Fund NFT Collection

Voting and Gating NFT Collection

Marketing Team

Filming projection event with HYPEtv

Production for NFT NYC Merchandise Collection ~ Snapback Hat

Community Team

Attend and speak at five Community DAO, spaces, and DAO Ops online groups.

Attended four local crypto networking events.

Connect with two mentors.

30 talk forum and twitter posts.

https://twitter.com/LightItUpDAO

Governance Team

Set up DAOPortal, onboard 50 members.

Create 4 votes.

Write business plan.

Sustainability Team

Write four grants.

Finalize plans with Metanoise about Central City paid gig in July.

McNichols gig, make agreements.

We have $24,500 in USDT in the treasury as of May 15.

Total spending budgeted for May and June is $24,100.

We made our 75k grant last for four months, not just three, and also incurred a $15K loss from market volatility.
We lost $2300 when Suede’s metamask got hacked last week.

View our budget here:

@ElixirofLife @frwrdslosh @Sam @Chakraam_The_Great @DevinMarty @lij

1 Like

Greetings all DAOists, here is the reporting from the LightItUpDAO for June 15th, 2022.

====

These are our deliverables and metrics for the PAST two weeks ~ June 1-15, 2022
Organized by each of 8 teams

Deliverables for June 1-15

Projection Team

Recruited 4 new digital NFT artists, including Android Jones.

Planned NFT NYC projection for AuroDogs NFT, HERDAO party, Wednesday party, Women in Crypto day.

3 Projection events accomplished

Friday night Lights ~ project in RINO, one Friday.

Las Vegas retreat ~ two projection actions.

Provide visibility for 12 digital artists ~ scroll here —>> https://twitter.com/LightItUpDAO

Skills Team

Attend InfoComm 2022 convention ~ Las Vegas. Two days at the convention.

Film ‘How to be a guerrilla projectionist,’ instructional adventure video at Cearsar’s Palace.

Start learning Blender, and Resolume mapping.

Education Team

Two Crypto corner education events ~ in Las Vegas

To date, 187 contacts at Crypto Corner Education events.

NFT Team

NFT Collections

Equipment Fund NFT Collection ~ on hold, looking for art

Voting and gating NFT Collection - finalizing art with Harry Pack, round 3

Marketing Team

Filmed projection event with HYPEtv in Las Vegas at Ceasars Palace

Received NFT NYC Merchandise Collection ~ Snapback Hat ~ beginning sales

Created revolving logo in blender

Community Team

Attended and speak at five Community DAO, spaces, and DAO Ops online groups.

Attended three local crypto networking events.

Connect with two mentors.

30 talk forum and twitter posts.

https://twitter.com/LightItUpDAO

Governance Team

Set up DAOPortal ~ waiting for tech support.

Deliverables and metrics accounting:

Hours and expenses accounting:

View our budget here:

Sustainability Team

Wrote and posted Gitcoin grant.

Submitted bid for Metanoise about Central City paid gig in July.

Wrote and delivered bid for McNichols gig, make agreements.

We have $5,500 in USDT in the treasury as of May 15.

Total spending budgeted for second half of June is $4000.

We made our 75k grant last for four months, not just three, and also incurred a $15K loss from market volatility.
We lost $2000 when Suede’s metamask got hacked a few weeks back.

===============================================================

These are our deliverables and metrics for the UPCOMING two weeks ~ June 16-30, 2022
Organized by each of 8 teams

Metrics and deliverables for June 16-30

Projection Team

Recruit 4 new digital NFT artists.

Project Glass Crane and Android Jones at NFT NYC.

Project Auto Dogs at NFT NYC.

Project at HERDAO party, Wednesday party, Women in Crypto day.

3 guerrilla projection events at NYC.

Friday night Lights ~ project in RINO, one Friday.

Provide visibility for 12 digital artists ~ scroll here —>> https://twitter.com/LightItUpDAO

Skills Team

Shepard and post”How to be a Guerilla Projectionist “ video.

Learning Blender, and Resolume mapping.

Create one piece of art in Blender

Education Team

Two Crypto corner education events ~ in NYC

Make 30 contacts at education events

NFT Team

NFT Collections

Equipment Fund NFT Collection ~ find art

Deploy Harry Pack NFT collection for membership

Marketing Team

Editing for two videos from HypeTV

Post two videos on youTube

Sell 20 snapback hats

Community Team

Attended and speak at five Community DAO, spaces, and DAO Ops online groups.

Attended four local crypto networking events.

Connect with two mentors.

30 talk forum and twitter posts.

https://twitter.com/LightItUpDAO

Governance Team

Finish DAO Portal setup

Conduct 10 votes

Sustainability Team

Submit two grant applications.

Find two paid gigs

@ElixirofLife @frwrdslosh @Sam @Chakraam_The_Great @DevinMarty @lij




==========================================================




LightItUpDAO Final Report ~ around funding from Harmony

We accomplished and exceeded most of our deliverables. Notably we failed to motivate our community, perform decentralized governance, or foster any voting rounds.

With regard to our budget, this was largely inline with expectations. Notably we experienced $17,000 in losses from the market downturn, and a wallet hack.

The analysis is here (two tabs):

Presently the DAO rests in a stalemate, caused by an internal dispute, and the inability of the board to take quick decisive action.

There is no more money, but we have some name recognition and one paid gig under our belt.

Because we did not nurture our community there is no way to hold an election because nobody would vote.

The only way forward, is to negotiate a settlement to the dispute, and then slowly over time, create income via grants and paid gigs, engage the community, and hold an election.

Lessons learned:
It is critical to write out bylaws at the beginning.
The governors should not be recruited hastily, and they should be persons with a variety of significant experience and ability, and persons with the time to stay engaged.

Dilemas:
Should a DAO act in a decentralized manner from day one, or build a business first and decentralize once the business reaches sustainability.

I don’t know the answer to this question, and I hear strong opinions on both sides.

Being decentralized from the beginning might create something that several persons could not envision on their own, on the other hand the DAO may become immobile because of disagreements. I think this could be done with clear bylaws, an engaged board and community, and strong, well thought out tooling and governance, all in place at the beginning.

Building a business first, allows for fast progress, and pivots, but could miss the genius of the collective. I do not believe that a board is necessary for this approach, only a team of engaged, and talented builders.

The LightItUpDAO chose the second approach, we were light and fast, but not really a DAO.

1 Like

What was the wallet hack detail? Seems to have been passed over. Too many wallet hacks happening in the space these days… and nobody seems to care anymore in DAOland.