Seasons 8 and 9 Budget Board Communication Thread

Elected Representatives 💼
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The Budget Board is an advisory board that exists to help the Collective bootstrap critical infrastructure and frameworks to enable the Collective to make sound financial and economic decisions.

The Budget Board’s Season 8 and 9 goals include:

Financial Framework and Data Infrastructure Development

  • Determine what data, models, or other financial infrastructure are needed to conduct the rigorous analysis necessary to make comprehensive and cohesive financial decisions

  • Build, or commission third parties to provision, the infrastructure identified

Budgeting Advisory

  • Propose annual Token House and Citizens’ House rewards budgets

  • Provide opinions on the Foundation’s budget (within the Intents and annual budget report)

Collective Reward and ETH Staking Management

  • Update the Collective Reward Framework, updating the suggested OP per Impact Rating at the start of each Season

  • Design the process for ETH Staking decisions to be made by, or on behalf of, the community

Over time, we expect the role of the Budget Board to be reduced as our work should enable many of these decisions to be made algorithmically (subject to human adjustment or override).

Resources

Team

Lead: @danelund.eth
Token House Representatives:

Citizen House Representatives:

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You can find a draft of the DAO Operating Budget Proposal due June 12 in General Discussions (here).

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I am officially resigning as a member of the Budget Board due to professional constraints and Maria Gomez will be taking my place.

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Does a guest voter fall under the Collective Reward Framework in Season 7 and 8/9?

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The Budget Board has considered the budget proposals for councils for Season 8. In addition to providing proposal-level comments, the Budget Board has been made aware of the significant departures from the Collective Rewards Framework. While the Board will consider appropriate updates based on subsequent changes to the operating budget from the time that the framework was last considered, a simple check would be to compare the initial proposed operating budget of 2.3M to the final proposal of 4.44M, as this reflects the OP-ETH conversion difference for the 6-month trailing period vs the entire historical period. The final proposed budget was ~1.93x the initial proposed budget. Applying that to the Collective Rewards Framework would yield ~38,000 as a guide for the Grants Council and Milestone and Metrics Council and > 38,000 for the Security Council and Developer Advisory Board. The relative value of these councils was provided in the prior form of the Framework and may be revisited by the Collective, the Board, and / or the Foundation for comment.

As it stands, however, it is clear that the proposed budgets provide for much higher rewards than even the adjusted figures. The Leads should provide comment for the numbers selected (specifically addressed rather than as part of a subsequent piece of information). The Collective should also consider the average proposed rewards per member of each Council in light of the Framework and commentary on the departures.

Grants Council: proposed ~75,000 per member per season

Developer Advisory Board: proposed ~52,750 per member per season

Security Council: proposed ~53,730 per member per season

Milestone and Metrics: proposed ~66,975 per member per season (prior to consideration of multisig component; ~80,846 per member inclusive of the multisig component; ~98,271 including multisig, bridge and retro)

The leads should comment on this in the budget thread for their proposals.

@Gonna.eth @wildmolasses @Alisha @Juanbug_PGov
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Hi Dane!
Quick question (as either I am missing something or I misunderstood what the numbers should reflect), can I ask how was this average calculated?

Only considering the proposed budget in Grants Council Operating Budget for Season 8 and 9:

This translates in 1 Lead at 100k OP + 1 Ops Specialist at 50k OP + 4 Final Reviewers at 75k OP
for a total of 450k OP among 6 members per Season,
or an average of 75k per member per season.

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I believe the operations position is for a reviewer who takes on operational responsibilities. Is that incorrect? @Gonna.eth.

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@danelund.eth It is an independent position (I was the Ops specialist in S7 and currently one of the candidates for S8/S9)

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Updated to reflect this difference.

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Also updated M&M to reflect that only 4 of the multisig signers receiving budget allocations are M&M members.

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The Season 7 retroactive grant does not relate to Season 8, as such it should not be included in the calculation. The OPSC Season 8 & 9 Budget has been amended to remove the Season 7 retroactive grant request.

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The SC per member reference has been updated. A minor correction: it appears it is ~53,730 OP per member per season. The reference to the retroactive component is now removed. Thank you for letting us know.