This is not a fully developed proposal that could be put to a vote in its current form. Instead, this is a summary meant to elicit feedback.
Summary
Seasons 1 and 2 of the SPP have successfully funded a number of projects for the benefit of the ENS ecosystem, and I look forward to season 3. Unfortunately, the lobbying and voting process has been exhausting for all involved.
I propose we replace the existing Delegate Model, in which delegates vote directly for applicants, with a Committee Model, in which a small group of people are deputized by the DAO to negotiate the allocation of the SPP funding.
Problems with the existing system
- Delegate fatigue: Delegates are suddenly hit with a barrage of messages from dozens of applicants lobbying for their vote
- Applicant fatigue: Applicants spend weeks tracking down up to a hundred delegates, many of whom are difficult to find. Applicants who are well connected have an advantage. Itās a major distraction from their work for weeks.
- Lack of context: Most delegates donāt know enough about the ENS community to make an informed decision and donāt have time to properly read applications or talk to applicants.
The Solution: SPP Committee
I propose the DAO deputizes a small SPP Committee of 3-7 people to negotiate the allocation of funding on behalf of the DAO.
Under this model, the DAO is still in charge:
- Budget & Principles: Still approves the total annual SPP3 budget and guiding principles for allocation
- DAO Picks Committee: Deputizes an existing Working Group or set of stewards, or elects a new small committee (I prefer the former for simplicity, and this could be in the same proposal to approve budget and principles)
- Final Approval: Votes to approve the final allocation onchain as a final stamp of approval
The SPP Committee would
- Actually Read Applications: Carefully read every application in full
- Meet with Applicants: Meet privately with every applicant
- Negotiate: Be allowed to negotiate funding amounts with applicants (e.g. āYou requested $500k, but would you be willing to take $400k?ā)
- Make Decisions: Privately formulate a proposal for how SPP funding will be allocated, by majority vote within the committee
- Submit to DAO: Publicly submit proposal to DAO for onchain approval
Other aspects of the program - 1 or 2 year time periods, KPIs, quarterly reports, Metagov deputized to check-in with providers, etc - will all remain the same or otherwise negotiated separately from this proposal.
Benefits of this system:
- Reduce delegate fatigue
- Reduce applicant lobbying fatigue
- Improve fairness in the process
- Improve evaluation quality
- Allow for negotiation on funding amount
Next Steps
I am very open to negotiation on the details of this proposal, since Iād like to see something like this model adopted. If thereās interest in this path, I will write up a detailed proposal taking into account feedback.
Unless thereās clear consensus on which model to use, it could make sense that when SPP3 is put up for a vote, we give delegates three options: Reject program, Approve with Delegate Model, Approve with Committee Model.
Specific Questions for Feedback
- Broadly speaking, do people like the existing Delegate Model, or would they prefer to try a Committee Model?
- Would people prefer to deputize an existing Working Group or set of Working Groups, or to elect an ad hoc committee? (My preference is the former for the sake of simplicity.)
- What other details, principles, or qualifications would be particularly important for people to see in a Committee Model proposal?