[Proposal] Goshimmer dRNG Committee Governance

[MaKla89]

Some initial thoughts on our 'homework' about community governance (severely inspired by uniswap & honeyswap communities):

By what means should Community Members be able to gain trust (= Governance Power)?

• Time and/or frequency of community participation (e.g. community members who evidently been around and helpful for a long time. Take elchwurst or Nuriel for example? --> SourceCred? )
• Coding-Participation ( contribution in github? --> SourceCred? )
• Long-term community node-operators (This is debateable, I know, just a suggestion^^)
• Extra-ordinary efforts in community projects (e.g. nuriel, elchwurst, huhn & NOBODY for the node-playbooks, einfachIOTA, IOTAarchive and the Node-Pool. Great projects! 😊 )

Implementation ideas:

• Guarantee uniqueness of identities --> DID (Maybe only DID-verified addresses should be able to vote?)
• Grant governance-power / voting-weight that is otherwise worthless (to avoid token-farming) --> use low-value colored coins for voting in governance decisions
• Have faucet grant worthless governance-token automatically triggered by specific emojis in discord (HIGHLY debatable. For HoneySwap it ended temporarily in bots farming SourceCred-points due to the governance-token’s value. On the other hand it improved the tone in Discord and the average quality of contributions. Of course also some undesired 'ass-licking')

Hint: Both Uniswap & Honeyswap use governance-tokens that have value. I don‘ t know why you’d want to go that way if you really only want to give voting-power equal to project- & community-contribution. That’s why I’d at least start with ‚worthless‘ tokens for governance power.

What is supposed to be governed? What kind of decisions are relevant enough to actually be voted on by the community?

• This is where it might be reasonable to have some (small amount?) of money / token as the community itself. For example to pay for services with. Yesterday I saw the (unnecessarily rude phrased) request to improve the ledger wallet IOTA software since it does come with some bugs. Is this an IF task? Not really I guess. But it would be a task that could be voted on: If the majority of the community considers this task important enough (as a result of the vote / poll), a part of the community-money could be used to either pay external service providers or to thank community-members to take that task (yes... thanking someone with money is called "paying them", too, i know, but it's the wrong mindset^^). Dont get too stuck on this example, it's more about the idea that the community could actually govern (even with only very very limited ressources) something and maybe manage / prioritize and incentivise tasks that the IF already declared "out of their scope". Just an idea... (I did NOT say where this community-money should come from... I'd have no really good idea so far... )

[MaKla89]

This is a nice concept / idea about acknowledging community members that have continuously contributed:

https://forum.badger.finance/t/bip-35-long-term-core-contributors/3006

Part of the governance-process was to also vote on whether this idea is to be implemented or not!

For the sake future availability here's a copy of the main contributions from (originally) "spadaboom":

Overview:
Badger has made significant progress since its launch just over two months ago on 12/3/20 going from 0 to $1.9b TVL, reaching #8 on defipulse DeFi rankings, and having one of the largest treasuries in DeFi. It has made it to this point through the hard work of the original founding seeders and the community members that have stepped up across the board - from drafting and moderating proposals, managing the community and driving the design of the product to writing and pushing code for core badger products. An amazing amount has been accomplished but the team and the community have even higher goals for the long term. The treasury has plenty of assets secured to reach those goals but the majority of labor contributing to the project are working for month to month grants, some while juggling full time day jobs. Recent emissions proposals like the emissions extension and badger boost have been focused on monetary sustainability while this proposal is focused on labor sustainability.

We are proposing an initial model for long term compensation for core team members that have contributed greatly to Badger. If the model is accepted by the community we are also suggesting to bring on 11 team members into long term either full or part time roles. We consider this critical to Badger’s future. This BIP proposes a framework for retaining long-term/core contributors and enabling them to focus on building BadgerDAO’s future.

As a reminder, the Badger Grants Program is a great first step in structuring our contributor and developer pipeline and will continue to be active going forward. We Badgers understand the sheer volume of potential and untapped talent not only within the Badger community but also in the greater DeFi ecosystem. The Grants Program will continue to be structured/formalized as the onramp for new contributors that want to get involved and over-time with good performance, they may join this longer-term core-contributor structure as well.

The Badger Seeders and core contributors have drafted an initial framework for determining compensation for a core team to be funded by the treasury for 1 year. This framework applies to long-term, core contributors to operations and development. For roles that are more project-based or temporary in nature, they will fall under the Badger Grants Program.

The team, for compensation purposes, will be structured by 3 tiers: Senior, Mid, and Junior and divided into two categories: Operations and Development. Further, long term contributors can be in full time or part time roles with compensation adjusted accordingly.

It is important to note that there are also core contributors that we refer to as “Badger Seeders” that will not fall under this framework as they will be compensated via the initial Team allocation of BADGER and DIGG.

As of now, there are 11 core contributors that will be part of this framework.

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All compensations will be distributed 50/50 in USDC/BADGER with a pegged price determined by 1) their level of contribution 2) when they began contributing. . If there are ever legal fees in relation to contributors’ work, BadgerDAO will cover these fees

For the purposes of this cohort of long-term, core contributors, I am proposing a total of $1,230,000 in stablecoins (USDC) and 138,667 in Badger to be allocated for distribution over the course of 1 year. This represents ~1.65% of the Badger Treasury to secure the core badger team for the next 12 months.

Distribution
All payments (Stable+Badger) to be paid daily through the badger tree
$20k recurring yearly “insurance stipend” for full-time contributors. This is to cover those that will be leaving their jobs and must now procure their own health insurances
Up to $3k in tax fees paid with proof of receipt
Performance Management
Primarily an honor system for continued contributions with council of Seeders + Senior Core to determine quarterly performance levels / satisfaction
Anybody part of “Junior” level can be considered for promotion based on performance each quarter
Additions to the team, promotions, demotions, and retiring of contributors are subject to DAO vote
This is an initial proposal to ratify a model and secure a base of contributors to badger for the next 12 months. The model will continue to evolve through contributor and community feedback. Once there has been initial approval and implementation, there will be effort and attention put into building clearer paths for people to join as long term contributors. The grants program will continue as a way to incentivize contribution from those not part of this initial proposal.