Saved by Alex Wittenberg
Mirror
Quarterly/biannual performance reviews (see here for a performance review of Aave’s Grants DAO)Weekly working group updates (see here for an example of our work with PoolTogether)Regular budget expense analysis (Aave Grants provides a list of funded and outstanding grants that are updated in real-time)
Yuan Han Li • Mirror
Is the working group set up to be temporary or permanent?
Yuan Han Li • Mirror
Stablecoin payments are necessary for cost of living, taxes
Yuan Han Li • Mirror
Examples of formal reporting:
Yuan Han Li • Mirror
There should be formal and informal reporting requirements in place when working groups are established. After all, working groups should provide proof of work if they are receiving compensation from the treasury.
Yuan Han Li • Mirror
Constraining funding too much will likely constrain the ability to attract quality contributors. A DAO should strive to create a culture where talent and performance is rewarded.
Yuan Han Li • Mirror
Regular budget analysis should be a requirementExpenses should be tracked and justifiedGives token holders one way to evaluate performance
Yuan Han Li • Mirror
Skin in the game is necessary to align interestsPerformance bonuses should be in additional governance token compensation
Yuan Han Li • Mirror
Put simply, good working groups reduce coordination costs within DAOs; they catalyze effective action with less bureaucracy.
