Create a dedicated Gnars Fund to support Athletes and Content Creators {Forever}

[timber gorge]

Hello fam - as follow up of our recent town hall i have drafted a proposal that i would like to discuss with all of you. Please see the intro below and all the rest of the details in the link.

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Summary

One of the critical pillars of GnarsDAO mission is supporting extreme sports athletes and content creators, providing them with a safe space for experimentation and ensuring their independence over how they achieve their career goals.

I am proposing to create a dedicated Fund, fuelled by GnarsDAO Treasury every quarter, ensuring that GnarsDAO will forever have enough capital to distribute to athletes and content creators as long as Gnars NFT primary and secondary sales fund GnarsDAO Treasury.

More details here >> https://hackmd.io/@acampora/Byo45oJaj

Please let me know your thoughts , I will collect feedback before moving this into Snapshot

[lapis oracle]

I like the idea!
It would be better for the community to manage the fund, knowing what we can do with each treasure.
Ii think 30 to 40% for A&C treasure is a good amount for athletes and rest can be funded for events, art and all the other stuff that englobe gnars world.

The athletes that make the proposal will have to thing better about the amount asked and have a good proposal for this to pass.

[warm pollen]

I think this is a good idea - only question I really have is, if the fund is empty for the first quarter does that mean we don't fund athletes and creators for a whole quarter? or do we continue with how we've been proceeding?

could we allocate 10eth (~30% of current treasury) to the fund for the first quarter?

if we have a specific fund for this, how we will handle it in our next prop to Nouns? include a specific allocation to this fund in the prop? will prop house rounds be funded through this fund or elsewhere?

[warm pollen]

also I'm assuming this is correct but just want to clarify - the fund will be controlled by a multisig but take action based on votes executed by the DAO? will this be strictly based off on chain votes?

[untold moon]

I like the idea, but also makes me wonder few points:
shouldn’t we be more vocal saying “No” to proposal’s that aren’t relevant to Gnars/athletes? My feeling is that we funded many things (in an experimental way, no problems about it) and pretty much every proposal was passing in the first couple months. Not being able to say no and deny couple proposals were the main reason for our treasury to drop to this levels, IMHO.

Second point: What happens if the community decides that only 10% will be allocates to athletes? If the A&C runs out, will athletes be able to make proposals to the “regular fund”? I think we should establish a minimum amount, but never a cap. IMO gnars treasury should be used to fund as many extreme sports athletes as possible, as long as they have cultural fit with gnars and can do some basic content creation/community building to help us grow and drive value back to the community. Bringing up those points to collaborate, hope we can evolve in this prop 🤙🏾

[timber gorge]

Addressing some of the questions - thanks a lot for the feedback and i love that you appreciated the idea
@warm pollen

• yes the first quarter we need to make an allocation as much as for the other quarter. The allocation is up to 40%
• regarding the prop house - do you mean from a technical perspective? the new upgrade should allow us to use the dedicated fund to support athlete only props
• yes multisig and the execution is via votes as usual

@untold moon

• agree on that , but i see some additional benefits :

1. more control on spending and setting spending target. Ideally our goals should be spending x amount of capital each month to support athletes. Not spending capital is = a problem on new athelte acquisition (something i am addressing with another proposal) or inability for the community to understand clearly who deserve to be funded (something that @viscid falcon and @warm pollen have started to tackle)
2. It is important also for athlete to understand what it is available on each quarter
3. in a scenario where we have too much demand - we can make sure we control the spending and we make sure the community is focused on each quarter proposal.
4. If there is a need to spend more for athletes and have more than 40% of the treasury allocated to the fund (which is not the case for now) we can propose to change the threeshold to another %

• on your second point , allocation vote will be informed by data from previous peformances. if the community is deciding to allocate only 10% we will need to understand why. If the the reasons are not linked to rational reasons linked to previous performances then we have a problem of mission alignement but we will understand the reason why it is happening. It will be more measurable than trying to understand why certain off topic proposals are eventually voted YES even if a certain percentage of people (+30%) was against.

[timber gorge]

@untold moon last point - i agree that we should fund as many athletes as possible but the reality is that treasury is limited and will always be - on the other hand the evolution of the Projects will require investment. So having a separate fund will 1. Protect the main mission as the fund will always exists (imagine a scenario where we spend - for some reason - the 60%) at that point is not about VOTING No to the next proposal , you wont be able even to ask money as they are not available so it will prevent that . 2. Allow us to be smarter with the rest of the money available - it is good to have capital for experimentation but in some cases certain things can be done with less money as we think - if we set a constrain we are obliged to be more creative

[untold moon]

Thanks for the responses @timber gorge , agreed on it bro 🤙🏾🤙🏾🤙🏾

[timber gorge]

thank you @untold moon

[stable dirge]

This is a bandaid that is needed since our overall holder base is not thinking critically about how we spend our treasury. In addition, holders are submitting proposals without a clear benefit to the growth of the brand and they are being funded.

I don’t know how we ended up being under 30 eth…but the fact that everyone isn’t alarmed by this shows that there is a lack of general business sense in our holder base or a fear of voting no.

The fact that we just handed out 6 ETH ($9k) to hold a party at a weed shop is proof that we are blindly funding without clearly understanding the actual cost of the proposed event and the return on investment.

So to protect the mission, I am a yes for this proposal…but it doesn’t fix the issue and I fear we are revealing reasons why a DAO is not the ideal way to run a business.

Perhaps we need an oversight committee that all proposals have to go through before going to a general vote.

[dreamy pier]

I do think there needs too be better education on what sponsorships are supposed to be, and that is a win win for both the athlete, and the brand. So let's think like an actual brand a bit here.

Creating branded content is a given, but we should also make sure that all the content leads back to the DAO, and to mech! Do we have a mech site even? Do we have any other streams of income?

I had an idea I've been talking about for a bit, and currently am working on making a proposal for. The idea being to collab with Enigma Economy NFT, too create some Gnars that are tied to mining rigs mining us crypto to constantly refill the treasury without needing continuous auction sales. Furthermore, any auction sales we do have, could further scale the mining, increasing the rate at which we fill the treasury back up.

The reason i suggest Enigma is because not only are they getting some of the best possible electrical costs from hydro, and nuclear energy, meaning they are mostly safe from increased energy costs of gas, but I have already shared the idea with them and they loved the idea. Also they can very easily program this for us, as they already did most of the work with their nft mining operation.

[molten knoll]

Gnarly @dreamy pier, you landed level 9!

[timber gorge]

For sure - but I think one thing won't exclude the other, even with good education there is a risk of miss allocation and to suddenly erase the treasury

[dreamy pier]

I’m not sure I understand your response. Everything I was saying was about how to make a return on the investment into athletes, or other projects. This would help grow the treasury, and lessen the chances of draining the treasury.

Maybe I’m missing context? I am kinda new here.

[timber gorge]

Yes true , but this is more on how we want to position the grant - In theory the grants if well distributed should impact directly the value of the brand. Speaking directly with some athletes i have learned that push too much the idea of ROI over the grant can be damaging

[dreamy pier]

Oh ok, I was not understanding that this was related to positioning on the grant. I understand much better now.

[dreamy pier]

What if the issue with the push for ROI is how it's being approached? I'm part of a group that's coaching people to get sponsorships, and to make money creating content, and one of the first things they teach is about how most people get this wrong. So what if rather than pushing these athletes for ROI, we bring in some knowledgable ppl in coaching, and offer to teach these athletes how to de better as being content creators. We get better marketers who know how to create sales, and onboard more athletes, and they get an opportunity to grow as athletes.

[timber gorge]

That i can be a good thing to discuss and to include in the "grant journey". Having a coach will surely help us to mitigate some risks

[dreamy pier]

I might know someone. They already do a paid coaching course, so they are skilled, but I’ll see if they have time or are even interested.
Alternative idea I have, which might be a long shot, but I could go through the course, then teach what I learn to everyone. It’s a skill I somewhat have been teaching myself, but I want this guys mentorship to take it to the next level.

[lapis oracle]

I agree, And thats what I'm trying to say on meeting calls.
We have a challenge when sponsoring project or athletes, who see the nogles for the first time doesn't know what that is, and how we show the brand is a big concern of how can we lead them to the community or at .wtf.

Like the NounsBR DAO, for example, they have .com website in portuguese for everyone that want to understand more and lead them to the action .wtf / discord / medias.

So it would be nice to have a .com site for web2 people with different languages available, we are a international DAO, so we need to embrace the main countries langagues we have here .

For web2 people we will be their entry on web3 world, and is easier to have their trust on the community.
Gnars for web3 people is just one more DAO, and need a lot more to have them with us because they already know others kinds of DAO that need their attention, so new people to web3 with gnars can be a good thing.

And about a business mindset is crucial to grow our treasure, I worked at Redbull, and this can be (already being) a redbull from web3, they do everything they can to shred on event and crazy athletes, but everything is to sell more energy drink (gnars NFT in this case), and to have the people who see it to love the brand, it has a crazy marketing strategy x atheltes sponsors.

The community need asap to start thinking as a business, otherwise the treasure it will end. Think on how many nft selling for 0.015 we need the sell to have 3 eth for one sponsor athlete or proposal.

Maybe we need to start thinking on marketing proposals with good strategies for getting more people at the community, and with that the treasure will start growing up.

[lapis oracle]

I want to realease a hackmd for atheltes instagram, on how they do tiny thing that can change how people see their brands, especially gnars brand, their are our front brand, so they need to show the brand properly, just showing nogles on boards is not proliferation, nobody knows what that is.

So with their midias they will keep doing what they do, but branding properly their instagram stories, feed, and profile will have a huge impact.

And to get sponsor you need to present a mkt strategy for your proposal.

I'm responsable for gnars brand of Nico Karola (jetski rescuer) and Nouns for Sunny Pires (pro Surfer) and we are oing some good noise over there.

I'm finishing these instruction at the end of february, and will realese it here for the community review.

As example
We did a video presenting Sunny on his IG showing his new sponsorship with english subtitle and QRcode for Nounsbr.com
https://www.instagram.com/p/CmuoNMmKgTK/

Nico realease a Prt/Eng showing his sponsorship, we create a art for him, made tshirt with it, just arrived his new hats, the stickers for his jetski in on the way, we got him a cover at a local journal at Buzios,BR.
https://www.instagram.com/p/CnxpPL9r7um/

Every athlete should do a video or posting photo, showing his new sponsrship and explaining a little bit what that is, and how you be part of the community

sunnypires_oficial

Video irado que fizemos!
Valeu por acreditar em mim comunidade
Vamos que temos muito pela frente!

📸 filmagem:
📽Edição:

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nico_karolla

PORT/ING Aloha, com muito orgulho venho comunicar que agora faço parte da família, obrigado pela confiança, estou felizão. Sou o Primeiro operador de motoaquatica (“piloto de jetski”) e primeiro brasileiro da área náutica a ganhar um patrocínio dessa comunidade de NFTs e criptomoedas. Agradecer ao artistaque fez essa arte exclusiva com a identid...

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[dreamy pier]

Loving this man! It definitely aligns with what I have been learning over at the Sports Action Club! Plus seeing how much they charge for hands on training, this could be a another selling point for Gnars membership, if they get valuable coaching out of it as well.

[lapis oracle]

Nice, we should discuss this at the weekly meeting call, so we can organize it better this Idea, if you want help with it let me know

[dreamy pier]

I plan to be there, and have my alarm set to make sure.

[dreamy pier]

I actually started a little group with this in mind. I called it The Skatentrepreneur Club. The idea being that we’re entrepreneurs, inspired by the skater mentality of always getting back after a fail, being creative, independent, and their diy nature!

Of course Gnarepreneurs might also work. 🤔🤘

[timber gorge]

Thanks guys - would love to prepare this and discuss during town hall

[elder torrent]

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[viscid falcon]

Great stuff @lapis oracle ! we are in the process of creating the PODs, one of them its #💰┥pod-fundlytics . As I explained in the #🌍┥portugues channel, it would nice if you applied in the #🧠┥contribute channel, so we can test this new process.

[lapis oracle]

Thanks Mari!
I would love to help.

[viscid falcon]

@dreamy pier too

[distant maple]

@timber gorge @stable dirge imo, i sit on the other side of this fence.. lest we forget gnars is a subDAO of nouns - you can't say gnars treasury small when we have 3 Nouns and uncountable delegates, being at the daily drop has made me realise how we how actually slowed down on proliferation, not enough proposals, not enough builders, its too early to restrict this experiment!

[timber gorge]

This is a preventive action @distant maple

You can invest 80℅ in proliferation, but if doesn't work the treasury is finished 🙂

[viscid falcon]

I disagree that we slowed down because we are not accepting proposals. Most of Gnars Athletes are not making any noise. Why would we continue to approve props that are not proliferating anything? What kind of prop actually caused a big effect?

When I look at this chart, what happened in aug, set, oct and nov that made the treasury increase so much? I dont have access to the income details. Does anybody has?

[timber gorge]

Indeed - the issue is that we have accepted proposals that haven't created any flywheel effect and we have overspent on that. At the same time, we have put at risk the budget dedicated to athletes.

@distant maple havind an athelte fund wont stop us supporting proliferation activities - instead we should have a "Proliferation Fund" created with the same mechanism that the Athlete fund

[distant maple]

understood this and 100% onboard.. tysm for putting together!

[hexed forge]

👆 👆 💯

[distant maple]

Can we also have this in our proposal @hollow lake @viscid falcon - its implied in budgèt but we can make it clear..

Any specifics on how this fund is gòing to be managed? Seperate wallet? Prophouse infinite round?

[viscid falcon]

Good questions. It would be great if we were able to tag the transactions so we could see on a dashboard how we are spending

But separate wallets also work