I am putting forth a proposal to create a GrantsDAO council that would be tasked with allocating funds to individuals or teams that want to build something for the Aavegotchi ecosystem.
The DAO currently has 1.6 million DAI and 1.6 million GHST sitting idle, and i think it would be a good idea to start putting some of that money to use.
The purpose of a council instead of doing everything via a snapshot vote would be to streamline the operation of selecting and executing funding for the ideas that would be accepted.
Regarding how many members the GrantsDAO should have , that would be up for discussion.
How many would be enough to make it sufficiently resistant to collusion , but not so many that it would be a hinderance for fast execution and progress.
Synthetix launched a GrantsDAO last year, that consist of 5 members, 4 of these members would need to vote YES for a proposal to get passed and funded.
Another approach would be to have 7 / 9 members where the majority vote would decide if funding should occur or not.
Another issue to be adressed is if these council members should get compensation for their efforts.
Also we would need to adress how long the members would be in the council, as i think rotation of members would be a healthy thing. Maybe changing members every 3/6 months could be an idea.
Members of the GrantsDAO could be voted in via either rough consensus in Discord or via Snapshot vote, and should be active members of the community.
Any ideas or suggestions ? Feel free to reply below, and if it seems like there is support for the proposal we will proceed with a snapshot vote on the creation of the GrantsDAO.