GIP: 78
title: Gnosis Guild Treasury Allocation (Proposal#2)
author: Gnosis Guild
status: Draft
type: Funding
created: 2023-01-30
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Simple Summary
The proposal will fund the Gnosis Guild’s operations for one year. The Gnosis Guild treasury allocation would continue to foster needs-driven development for the GnosisDAO and of the Zodiac ecosystem at a total of $3,823,575 paid in 56% DAI and 44% GNO for our contributor compensation plan, administered by Gnosis Guild following the vesting schedule laid out in the Gnosis token plan.
Abstract
Gnosis Guild is a society dedicated to interdependent software and the growth of the Zodiac Standard. In 2022, Gnosis Guild completed a year of needs-driven development for the GnosisDAO and continued to grow the Zodiac ecosystem. With this proposal, Gnosis Guild requests funding to continue its development of GnosisDAO’s infrastructure, expand the Zodiac collection of tools, and further establish Gnosis Chain as an ideal ecosystem for DAOs. The budget allocation includes funds for key personnel, operations, grants programs, and other areas as needed to sustain this commitment.
Motivation
We are a small, but growing, team rooted in conviviality, mutualistic ownership, and experimentation. Since our last proposal, a year ago, we have completed many projects focused in 4 main areas: supporting GnosisDAO, developing novel treasury management tools, developing the Zodiac ecosystem, and convivial software experiments.
An effective and productive DAO implicitly spreads the technology on which it’s built; this is the core of our symbiotic relationship with GnosisDAO, and by extension, Gnosis Chain. In these early days of our organization, it is important to demonstrate the effectiveness of Zodiac by supporting Gnosis’s efforts to promote decentralized infrastructure. In the past year we have completed:
- GnosisDAO SAFE Distribution Tooling—a system to transparently calculate, distribute, and claim the portion of SAFE tokens vested to GNO holders.
- GIP 28 & 44: Allow GNO holders to vote with invested/staked/locked positions in Mainnet/GC—We deployed a significant upgrade to the GnosisDAO’s governance structure, allowing GNO, LGNO, and MGNO on Mainnet and Gnosis Chain to participate in voting.
- Reality Module Improvements—We have made significant improvements to the Reality Module used for GnosisDAO’s governance.
- CowSwap Locking Contract—A GNO locking contract, for CoW Protocol, for calculating $COW that will be awarded to GNO holders that lock their GNO
Gnosis has one of the most productive DAO treasuries, due to Karpatkey’s skillful management. Our tooling plays a key role in their day to day activities, and was a core component to Karpatkey winning the bids to manage Balancer’s and ENS’s treasuries. By supporting the effective management of Gnosis’s treasury, we help ensure the long term support of Gnosis Chain. In the past year we have built:
- Zodiac Roles Module —The Roles Module enables enforced granular, role-based, permissions for attached modules. In combination with the Pilot App, Karpatkey has utilized these tools to securely manage treasury funds in a non-custodial way, and was a key factor in their successful ENS treasury bid. Version 2 of the roles mod will allow for even greater granularity and modularity.
- Pilot Extension — The Pilot Extension allows a treasury management team to build a batch of transactions, simulate them and queue them as a transaction on any Safe, whether it is using Zodiac modules or not.
- Zodiac Siphon Module— This MEV friendly module allows any Safe to make funds transferable from a money market into a debt position when undercollateralized. Karpatkey will use this to service Maker debt requirements (once audit is complete) .
The Zodiac ecosystem continues to grow, both culturally and in toolset. Deployed on Gnosis Chain (and other EVM compatible chains), our collection of open source modules sees regular contributions and use. Zodiac tooling combined with cheap and fast transactions make Gnosis Chain the optimal place for DAOs. This year Zodiac has expanded with these developments:
- Zodiac Wiki — This wiki is home to a shared library of reading materials, documentation, stories, and a pattern language describing common problems and offering practical responses for DAOs.
- Zodiac Exit Mod and App — This mod allows specified token holders to redeem a designated token for a portion of a Safe’s fungible assets.
- Zodiac Governor Mod — This makes Governor style DAOs Safe compatible, bringing the security and flexibility of the Safe to the most popular on-chain governance method.
- MolochDAOs can now control Safes— DAOHaus made their minion contracts Zodiac compatible.
With this treasury allocation, Gnosis Guild will continue to carry out needs-driven development for GnosisDAO’s infrastructure, executing on emergent GIPs and DAO requirements as we have demonstrated the past year. Furthermore, we will continue to serve Gnosis Chain’s DAO ecosystem growth by expanding the Zodiac collection of tools and the Zodiac Wiki. We will also continue our partnership with Karpatkey to serve GnosisDAO’s treasury management.
In 2023/2024, Gnosis Guild plans to complete its spin out from Gnosis Ltd/Gnosis Services GmbH, forming a separate entity based on mutualistic ownership and decentralized governance. The Gnosis Guild entity will continue with the same team, objectives, and values, executing on this GIP and our symbiotic relationship with GnosisDAO. This grant will be made to Gnosis Ltd., and once the spin out is complete all grant assets will be transferred to the Gnosis Guild entity.
Specification
Gnosis Guild Treasury Budget 2023
Rationale
Gnosis Guild’s chief priority in 2023 remains needs-driven development for the GnosisDAO and other DAOs within or engaged by the Gnosis ecosystem, along with expanding the suite of composable DAO tooling and mechanisms available for the Ethereum and Gnosis ecosystems. Keeping that in mind, the Gnosis Guild treasury allocation budget has the following categories with their rationale described below:
Core Contributors: This budget category refers to the salaries and token plan for 15 full-time contributors with the following roles
- 1 communications and community role
- 1 operations role
- 1 business development role
- 12 engineering and product roles
The contributor incentivization plan is intended to roughly double contributors’ salary, with an initial two-year cliff followed by a rolling one-year holding period.
Stewards: This budget category refers to the part-time payment for 2-4 “pod” roles to extend outreach, education, and documentation of the Zodiac ecosystem, as well as assist with general community and communications needs related to Gnosis Guild.
Brand Design: This budget category refers to contract-based payment for visual communications.
Grants Program: This budget category refers to the amount allocated to support initiatives building on Zodiac and related DAO tooling.
Ops: This budget category refers to operational costs related to administration, services, and subscriptions.
Cultural Program: This budget category refers to what would traditionally be construed as a marketing campaign. The cultural program is intended to further establish Gnosis Guild’s reputation as a creative, editorial, and experimental team, while seeking to meaningfully broaden discourse.