AIP-504: Removing Working Group Funding Windows

Withdrawn AIPs
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PROPOSAL NAME: Removing Working Group Funding Windows
PROPOSAL AUTHOR: ALL CITY

TEAM DESCRIPTION

The ApeCoin DAO Governance Working Group (GWG) is a multi-person unit responsible for executing a variety of critical initiatives and day-to-day operations managed by ALL CITY, BigBull, and DeSmart.

To learn more about the GWG and the initiatives that our elected Stewards have oversight on we encourage you to read through the following documents:

PROPOSAL DESCRIPTION

This no-cost proposal written by ALL CITY on behalf of the Governance Working Group (GWG) aims to remove the requirement for Working Groups to request funds before they actually need to utilize them.

Currently the Working Group Guidelines require budget requests to be submitted within the final 15 days of February and August; however, this timeline can be problematic for a variety of reasons which include delays in funding releases due to the time required to establish legal entities need for thorough KYC/KYB screenings, or when Working Groups come in under budget — as was the case with the Governance Working Group under AIP-317, where a six-month budget was extended to more than eight.

Furthermore, with four Working Groups now in place, submitting all of these budgets within the same two-week periods could pose a significant burden on the ApeCoin DAO treasury and limit the community’s ability to make informed decisions by inundating them with multiple Working Group proposals at once, potentially causing confusion when deciphering which proposal belongs to which group and understanding the impacts on a group-by-group basis.

BENEFIT TO THE APECOIN ECOSYSTEM

Treasury Preservation: By allowing Working Groups to request funds as-needed rather than in bulk, this proposal helps ensure that treasury resources are preserved and dripped out in a more controlled, efficient manor.

Enhanced Community Oversight: By breaking up batch-groupings of Working Group budget requests, the proposal enables the ApeCoin DAO community to have greater oversight on Working Group spending, leading to a more transparent and accountable Working Group structure.

Reduction of Voting Fatigue: Staggering budget requests over time can reduce voting fatigue among the community, ensuring that each proposal receives the attention it deserves without overwhelming voters.

Increased Flexibility and Improved Strategic Planning for Working Groups: By allowing Working Groups to request and manage budgets with greater flexibility, they can more easily adapt to changing circumstances, including funding caps on proposals, while enabling them to better align financial requests with strategic objectives and transparent project timelines.

Streamlined Funding Process: The proposal creates a more efficient process for Working Groups to request funds, as-needed versus being locked into two specific windows within a calendar year.

DEFINITIONS:

The proposal contains no new key terms.

STEPS TO IMPLEMENT

Removing the funding window requirement will take effect immediately and alleviate any potential negative associations for Working Groups that have chosen not to submit premature budget requests before the new system’s implementation, ensuring they are not unfairly criticized for not adhering to the original Working Group Charter.

The following AIPs, as well as any other AIPs or conflicting documents related to Working Group Funding Windows, will be amended:

REPORTING EXPECTATIONS

After one year of implementation, the ApeCoin DAO Governance Working Group will produce a public report posted on forum.apecoin.com and the ApeCoinGWG Twitter account detailing the following:

Total Budget Proposals Submitted: A comparison of the total amount of Working Group budget proposals submitted under the new system versus projections based on what would have been required under the previous system.

Total Combined Funds Utilized, Impact, & Working Group Efficiency: The report will detail the total funds utilized by all Working Groups, the OKRs achieved as a result, and an analysis of budget utilization efficiency, including any un-utilized funds and how they were reallocated or preserved within each Working Group.

Case Studies: An evaluation of the impact of the new funding system on the effectiveness and efficiency of Working Group operations, featuring case studies or examples where the flexibility in budget requests resulted in improved outcomes.

Community Feedback: A summary of feedback from the ApeCoin DAO community regarding the new funding process, gathered through surveys or discussions.

Recommendations for Improvement: Recommendations for Improvement: Based on the findings, the Governance Working Group will propose adjustments or enhancements to the Working Group funding process to further optimize it for future effectiveness – when the reporting for AIP-504 will conclude.

OVERALL COST
Total amount requested from the ApeCoin Ecosystem Fund = No Cost

1 Like
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Great proposal, I do agree that the funding windows are tricky. Taking the MWG exemple, we just received the H1 budget following a lot of delays in the legal entity creation etc. and now focusing on delivering the OKRs.

4 Likes
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:white_check_mark: Kapow! Excellent proposal :grinning:

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Interesting, so many things that were implemented through AIP months ago are slowly going back to ground zero. Nice.
I think its high time we draft an AIP to have a significant amount of $ape on-chain instead of a treasury under Ape Foundation so that the DAO can deploy funds efficiently. We can draft it in a way purposely under strict criteria and restrictions.

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To be clear – although this change would amend more recent AIPs, it’s primary focus is to adjust what was written into AIP-239: Working Group Guidelines & The Working Group Charter which was posted in March, 2023.

Anything that would be altered more recently is standard practice given that they would have been required to stay in-line with the AIP-239 Charter.

AC

2 Likes
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That being said, I am absolutely in favor of reducing administrative costs and exploring certain levels of on-chain governance @Evil.

This is why we wanted to explore the UMA oSnap protocol for our small grant program as a proof-of-concept. It’s also worth noting, and I can only speak for myself as a community member, that I know treasury management is a top priority for most people at the DAO. So, if there’s any implication regarding the APE Foundation in a passive way, I’m not sure that would be accurate. I also think it goes without saying that everyone needs to start taking a hard look at where the DAO’s biggest financial drains actually are right now.

AC

2 Likes
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What do you think they are? The most obvious one looks like admin cost under Ape Foundation itself. Secondary is the absurd salaries and it was controversial, tho I agree the salaries are important part and I 100% support stewards monthly salaries but SC? A part time position with absurd salaries followed by no accountability and answer to community. A position in the DAO which is being highly misused.
There’s the DAO’s biggest financial drains and wastage overall.

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SC takes the brunt of wayyy too much negative attention brother.

Without Special Council, both past and present, there would likely be no ApeChain or a ton of other dope initiatives that take big networks and lengthy development times to come together.

Full support!

AC

1 Like
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Atleast previous council was active within the community, interactive and vocal, compared to current new seats that are non-vocal, prefer and accelerate their own interest and push them for voting. It’s not a DAO if one group gains unfair advantage over avg holder or even a group of holders.
Holding people within the DAO accountable and having an on-chain treasury to cut massive admin fee is 10/10 way to go. We all know lawyer fees and treasury within a CEX is just a ticking timebomb.

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Hi @AllCityBAYC ,

The community feedback period for your proposal would be ending in less than 24 hours.

  • If you’re content with the feedback received, your next steps are to finalize your proposal using the AIP Draft Template.

  • A moderator will reach out to the author to finalize the AIP Draft. Upon receipt of the final Draft, we will review and provide instructions on the next steps.

  • Are you ready to proceed to the next phase or do you wish to extend community discussion for another 7 days?

We look forward to hearing from you.

-@Facilitators

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Hi ApeCoin DAO Community,

The AIP Draft submitted is currently incomplete and feedback has been provided to the author.

Follow this Topic as further updates will be posted here in the comments.

Thank you,

-@Facilitators

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This topic was automatically closed after 7 days. New replies are no longer allowed.

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Hi ApeCoin DAO Community,

@AllCityBAYC has completed editing their AIP Idea to be their AIP Draft.

This proposal has been assigned the AIP ID Number 504.

Additionally, edits have been made to this Topic, by the author, by the author’s request, or with the author’s consent.

You can click the Pencil icon at the top of the post to see these edits.

Follow this Topic as further updates will be posted here in the comments.

Kind Regards,

-@Facilitators

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Hi ApeCoin DAO Community,

Our team has reviewed and discussed @AllCityBAYC 's AIP Draft and have sent a list of initial questions. We await answers.

Follow this Topic as further updates will be posted here in the comments.

Kind Regards,

-@Facilitators

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Hi ApeCoin DAO Community,

@AllCityBAYC has responded to our questions and they are in our review once again.

Additionaly, edits have been made to this Topic, by the author, by the author’s request, or with the author’s consent.

You can click the Pencil icon at the top of the post to see these edits.

Follow this Topic as further updates will be posted here in the comments.

Kind Regards,

-@Facilitators

1 Like
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Hi @likkee!

Yes!! Absolutely!!!

To view this dashboard, please go HERE.

Also note that due to understandable challenges related to introducing new elements to an APE Foundation-operated platform like apecoin.com we made the decision to pivot and start building our own ApeCoinGWG platforms… You can check out a few below:

And then more recently:

And currently working with OpenCampus to build out ape-u.apecoingwg.com which is currently under construction. Hope that helps!!

AC

2 Likes
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My guy is always thinking. I really like the idea of being able to ask as needed. But would this mean having to vote on/request each time you need money? Or would there be one single budget vote for a year, and requests would be internal and come from that fund?

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My man :muscle::muscle:

And would be totally up to the Working Group brotha — which is nice, because on top of providing more oversight to the community, removing funding windows also gives more flexibility to the WGs.

So it’s a win/win all around… Only makes sense.

AC

1 Like
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Always appreciate you thinking of innovative ways to improve the DAO. Thank you!

1 Like