1. What is your assessment of the impact KPIs that were set in your Budget Proposal at the start of the Season? Have you made progress towards, or achieved, these milestones or KPIs? If not, why?
- Goal: <5% of quality applicant drop off due to milestones issues
- Assessment: This season’s grantees’ milestones were focused on TVL based and do our understanding, there were no issues regarding milestones submissions that led applicants to drop off. A more relevant outcome of the season was likely to look at S5 Cycle 19 and Cycle 22 grants that reached their 1 year lockup due date this season. Of all S5 grants, M&M reviewers reached out to each project numerous times and no projects were forfeited due to lack of attempted communication. Further, no grantees’ grant decisions ended up going to a token house appeal vote.
- Goal: <1 week turnaround from Grant completion to grants delivery
- Assessment: Grants that ended up being approved for completion were turned around in less than a week. Some grants that had incomplete or unfulfilled milestones had some back and forth that took longer than one week. Going forward, between grant completion and fund delivery, there was at times, substantial wait times (additional 1 week). We will look to shorten this time in the coming seasons.
2. Impact assessment - how well did your team perform in relation to success metrics, impact per OP allocated, or other pre-defined measures that are relevant for your Council or Board?
- Metrics: Helping aid increase in TVL on OP and Superchain in line with Grants Council: We were able to successfully coordinate with grants council throughout the season and assist in their grant selection process. No delays or hindrances to the grants council’s decisions and workflow arose from our actions. This season, we ended up managing a 10m OP multisig to execute S7 grant deliveries. After successful onboarding and opsec training, the weekly cadence of transactions had little issues.
- Other Goals: Projects to be clawed back due to misunderstood timelines <5%
- We communicated deadlines to teams months in advance and there were no issues here. It’s worth noting that there were some issues with timelines for when teams would actually receive funds post 1 year lockup. In the future, we can be more proactive to ensure fund delivery timelines on our end are clearer and more consistent.
3. What are the major problems you ran into over the course of the Season?
As this was the third iteration, everything was pretty smooth and there were no major issues. Being that as an independent council, this was the first iteration, figuring out the different roles and increased team size had a slight learning curve. After the start of the season, one member switched out with another due to personal reasons, and the offramping and onramping went smoothly as well.
4. What are possible solutions that could be explored next Season?
We can be more deliberate in emphasizing the expectations and workload for the council at the start of the season. A reserve operational budget and transition process was in place, so the transition of reviewers went very smoothly.
5. What improvements to the team’s mandate would you suggest for next Season?
Adding in upkeep of a grants claiming tool is something we took on, and should be made deliberately next Season. Adding a live metrics dashboard and using data from teams like OSO could also enhance grantees’ experiences.