Bankless DAO Weekly Rollup #32: DAO Dash, Season 3 Planning and Time to GIVE
Catch up with what happened this week in the BanklessDAO.
Dear Bankless Nation,
Time flies in crypto. Somehow it is already December and we are nearing the end of Season 2 at BanklessDAO. This past season our DAO grew tremendously and we welcomed thousands of new members. Many of those people learned how to work for DAOs, contributed regularly, and were tipped some BANK while having fun. We found new friends, new talents, and new ideas.
As Season 2 winds down we need to start preparing for Season 3. During the next few weeks, we will plan how to continue our forward momentum, how to best meet our challenges, and how to strengthen our values and DAO culture. DAO governance is everyone's responsibility. We are not a corporation, where the management makes decisions and forces them down the ladder. We are a DAO and we do things differently! So sit down with your favorite beverage to read through the different proposals, specifications, and budgets, and get ready to cast your vote (please 😊).
Here's what happened this week in the BanklessDAO!
Authors: BanklessDAO Writers Guild (ThePsychGuy, theconfusedcoin, hirokennelly.eth, Ssasho0, Trewkat)
This is the official newsletter of the BanklessDAO. You are subscribed to this newsletter because you were a Premium Member of the Bankless Newsletter as of May 1, 2021. To unsubscribe, edit your settings here.
BanklessDAO Weekly NFT Showcase 🔥
🧑🎨 Artist: Nittra
🏦 Auction Type: Open edition
💰 Price: 0.05 ETH
Christmas Special NFT: Happy Bankless Holiday
One of our very own BanklessDAO artists, Nittra, did it again. This time it's a special edition Christmas NFT. There are monsters, there are presents, a decorated fireplace, and special Christmas music. The rocking monsters are exchanging gifts, reflecting the vibes we all have in the DAO. Nittra and Ines worked together for six weeks on this NFT, and we think they've successfully captured the holiday spirit, so don't wait to grab one. PS: Seems like some of the rocking monsters are DAOpunks. PPS: Each NFT holder is eligible for a real Christmas postcard handwritten by Nittra. Every card has a unique number and your name written on it, how cool is that?! If you want one, DM Nittra.
Community Highlights
❄️ Season 3 Planning Calendar
Season 3 Starts on January 8th! This week's Community Call started with an overview of the pre-Season 3 calendar. Until the end of this year and in the first few weeks of 2022, we have the opportunity to check and contribute to the Season 3 Specification. The first draft will be ready by December 13 and the second draft by December 20. The snapshot to cast your vote will be open on December 25, for one week only.
Initial Project and Guild budgets are also due by December 20, 2021. Grants Committee will review these the next day, with time then for revision before the final submission on January 3rd. Project and Guild budget snapshot will be open from January 5-12, 2022.
Two more snapshots are coming as of January 1, 2022: the Grants Committee nominations close on December 31, 2021, and the snapshot goes live on January 1, 2022. The Firming up Governance snapshot will also go live that day.
Dig into all the details here!
🕸 Sobol x First-Quest
Sobol mapping services have now been integrated with the First-Quest messages delivered by the Mad Hatter bot. New members are prompted to register themselves on Sobol by using the /sobol invite-me command in any channel.
💰 Bounty Board Implementation
The Bounty Board is successfully deployed at CityDAO and LivethelifeDAO! Next week it will land at Shapeshift, followed by several BanklessDAO international nodes and potentially BitDAO and DivineDAO. Meanwhile, the team is working on adding functionalities like the BountyBot. Dev Guild Strong! 💪
🤣 Get on The Rug
Extra Extra! Coming to a blockchain near you, The Rug, 2nd edition, drops Sunday.
What’s New
🧠 Crypto Sapiens Podcast
Index Coop builds simple yet powerful index products to help you access crypto investment themes. Hear Punia (Co-Lead of Product at Index Coop) talk about his role at Set Protocol, the impact of market index investment products, abstracting away complexity, longevity in the DAO space, DPI, BED Index and his ongoing contributions to the beast that is Index Coop DAO. Hosted by Humpty Calderon.
✍️ BanklessDAO Medium
Get Involved
📈 BanklessDAO Gitcoin Grants
Gitcoin Grants Round 12 is still open! Explore all open Gitcoin grants here and support Bankless Academy and the other bDAO grants listed below. Please remember that your donations on Gitcoin promote public-good projects for Web3. Many great crypto projects have found their funding through this excellent program, now in its twelfth round. Be good, do good, and donate!
Bankless Academy, BanklessDAO, Bankless Czech, BanklessFR, DEGEN, International Media Nodes
🔊 #WhyWeDAO
BanklessDAO has designed a Twitter campaign to drive interest to the DAO, aiming to reach those who don't know how or why they should join. The campaign gives voice to our active DAO contributors through a series of tweets with relatable quotes and stories about why we love this stuff!
🙋♂️ Talent Collective
Do you want to go full-time DAO? Do you need a DAO job? The Bankless Talent Collective is now live and accepting profile submissions from Level 2 members. Just head to their Discord channel and complete the application form. This way your talent profile will be matched to the job board while you stay anon!
🧭 Bankless Academy Needs Our Feedback!
Bankless Academy's recent launch of the Wallet Basics training was a huge success. So far they have over 50 POAP claims, with very positive feedback. Even so, Academy is looking for more BanklessDAO members to complete the course and provide constructive feedback. To take part, head over to the Bankless Academy webpage, use the password [dao] and complete the course. Tell them what you liked, what is missing, and how can the training be improved? This is the gwei!
🎊 AdFUNistration
It's not all work, work, work at bDAO. We love to have some fun, too! AdFUNistration will host a DnD session with nonsense as Dungeon Master, as well as a POAP painting party, with resident DJ Ines.
✍️ Web3 Storytelling with Adam Davidson and The Writers Guild
Join us in the Amphitheater on December 15 at 12:30pm EST. The Writers Room has been hosting Web3 storytelling sessions and now we want to bring one of our sessions to the entire DAO! Adam Davidson—founder of Planet Money, co-writer of The Big Short, and writer for The New Yorker—hosts these conversations and provides nuggets of wisdom from his years in writing, podcasting, and journalism. Join to hear some Writers Guild members talk with Adam about the challenges of explaining Web3 to people who've never heard of it before, the best ways to craft a compelling story (whether it's written or audio format), and just have a good time talking about stories!
🙏 Sponsor: UMA — Diversifying DAO Treasuries. DAO Better.
DAO Dash - Building Pipelines to the Analytics Refinery
Data. We’re awash in it. Whether we're logging onto legacy online communities or services, engaging with Web2, or already fully integrated into Web3, every click or tap on a keyboard or phone generates more data. In fact, future worldwide data volume is expected to grow in orders of magnitude, expressed below in zettabytes.
A zettabyte can be expressed as 1,000,000,000,000,000,000,000 [10^21] bytes. By some estimates, from the dawn of human history until 2003, we generated ½ of a zettabyte of information; we now generate that much data every few days. A casual observer would perhaps think that all of this data is a boon for statisticians and data scientists—and it is. Sort of. While we generate more data than ever, the real challenge now is how to sort and make sense of it all. The question is: how do we sift this data to find the signal among the noise?
The information generated by members of BanklessDAO is no exception to our data-rich world. BanklessDAO generates data by our interactions with The Graph, Discord, Coordinape, snapshot, Discourse, Twitter, and Collab.Land, to name just a few. As BanklessDAO continues to grow, reviewing this data is essential to understanding patterns of engagement and drop-off, of coordination and consensus, and what motivates us to stay happy and productive.
Enter DAO Dash.
DAO Dash was developed by the Analytics Guild as a platform where guild members (and later anyone at BanklessDAO) can analyze off-chain and on-chain data sources in a collaborative query and analysis environment, all centered around a front-end dashboard that generates infographics for easy digestion by interested members. The main motivation for creating DAO Dash was to enable BanklessDAO members to participate in data analysis, essentially opening up this data for creative and nuanced examination by those interested in uncovering hidden patterns of interaction and coordination.
Analytics Guild members paul_apivat (DAO Dash Cheerleader) and saulthorin (DAO Dash Architect) are among those in the guild spearheading DAO Dash. They “sat down” with the Weekly Rollup to discuss the genesis of DAO Dash, its current use cases and functionality, and where DAO Dash is headed.
Why did the Analytics Guild build DAO Dash? What problem does DAO Dash solve?
saulthorin: Originally, DAO Dash started being built as a way to capture and look at tipping data, but then it quickly expanded into so much more than that. To me, DAO Dash is a Governance and Equity platform that helps you track the health of your DAO. I also think it is an insights tool that helps us understand when Moloch is trying to mess with us.
paul_apivat: We have many community members, new and existing alike, who come in with BI (business intelligence), SQL, python/R and other data skills who are looking to get involved. DAO Dash as an analytics platform makes it easier for Community Analysts to come in and generate insights that would be valuable for the community. Case in point, shloked.eth and Nostrodamu5 recently ran several queries for the DAOpunks community through DAO Dash.
Without DAO Dash they would have to find a way to extract data from relevant sources, build a pipeline to a database warehouse and query from that. All that plumbing and infrastructure is being built by the DAO Dash team so analysts can come into an environment where the data is already processed. While we currently have alternative solutions like Dune Analytics for on-chain data, DAO Dash takes us further by combining both off-chain and on-chain data to generate specific insights.
Can anyone in the DAO use DAO Dash?
paul_apivat: There are currently two types of users: 1. Data analysts and 2. General consumer. Any data analyst can use DAO Dash to generate specific queries they're interested in.
General consumers currently have access to static dashboards, charts and visualizations and we are working on making dynamic dashboards accessible in S3.
How granular is the data within DAO Dash?
saulthorin: Very granular. We can look at data at the DAO, Guild, Role, or Individual level.
paul_apivat: For example, we have timestamp data on when BanklessDAO members joined the Discord and then when various role tags were activated or deactivated. We have data on when people leave. We can filter the data for activity in specific channels.
What are some overall trends you've been able to help bDAO identify using DAO Dash?
saulthorin: There are so many trends. I will share the one I am most bullish on: the last time I did an analysis of our Discord messaging activity, the #brainstorm channel was by far the most active by orders of magnitude. The next most active space was the community #general channel, to put this in perspective. I see this trend as a good sign of ongoing creativity and idea generation. Our community is living and breathing innovation and the #brainstorm channel being so active is a strong signal WGMI.
paul_apivat: We have dashboards identifying trends in compensation, tipping and Coordinape, governance voting patterns, multi-sig transactions, engagement of bDAO members.
Of the public-facing dashboards, which are your favorites? Why?
paul_apivat: Saul's Network Health Dashboard [below] is visually stunning. It really provides a nice picture of our community. When you see tipping flows, the variations in line thickness, color and circle size, you can see BanklessDAO as this living breathing organism.
RunTheJewelz's Multisig Transaction Sankey [below] nicely shows how funds flow throughout BanklessDAO. It's a nice reflection on where we're prioritizing our growth and development.
What have you learned from DAO Dash regarding how people find bDAO and what retains and engages them?
saulthorin: I think we are still working to answer this and to some extent will always be iterating to find the answer. Right now, the data is telling us that those who are most engaged receive tips and are very active in async communication. In Season 3, I am going to be diving deeper into some of these research questions to try and get a definitive answer from a statistical perspective, but for now we have just been exploring the data visually and it’s leading us to believe that encouraging async conversation and tipping those engaged is an effective strategy.
What are the friction points that DAO Dash has helped bDAO to find?
paul_apivat: One that comes to mind is the First Quest Funnel. I've gone through all the First Quests and I think the team has done an amazing job building an onboarding platform for BanklessDAO. I completed it in about 15-20 minutes and it certainly felt frictionless. However, the data paints a different picture where newcomers drop-off after the First Quest Welcome, so it'll be a challenge to find ways to encourage people to follow through.
What was DAO Dash's biggest success in Season 2?
saulthorin: Getting the MVP launched and scaled has been a great milestone for us. I’ve been impressed to see just how quickly we have been able to stand up the platform and build the supporting data pipelining. It really feels like we have a product now and not just an idea. That has not been the biggest success though. The biggest success has been the organic growth in the Analytics Guild and watching all the emergence taking place amongst new contributors. People are raising their hand and helping build out dashboards and tooling and it is all self-organised. The less I’m involved with leading DAO Dash the happier I become.
What are you hoping for DAO Dash in Season 3?
paul_apivat: We hope to make the public views more accessible so people can play around with dynamic dashboards. Our accessibility efforts will also include streamlining regular reports and on-going Forum posts to communicate data to the community. We will continue to build out the pipelines needed to bring additional data sources into the platform including testing and stabilizing our infrastructure
Onboarding talent will be a major theme to get more people involved in the Project. We're also going to be putting more thought into our go-to-market strategies and external partnerships.
And there you have it frens: an overview of DAO Dash as provided by two of its core builders (we also need a shout out for the other core builders - RunTheJewelz and McKethanor!). If you are interested, sign up to access the consumer version of DAO Dash, or better yet, join the Analytics Guild, learn about data analysis, work on DAO Dash, and run a few analyses of your own - who knows what new insights you may discover. Regardless, rest assured that in this data-saturated and networked world, our fellow bDAO members are hard at work to help us make sense of this overwhelming output - and in the process, they are showing us what is not only happening now, but what is possible in the future.
🏛 Governance
Proposals in Discussion
📱 Bankless Mobile App
Proposed at the beginning of Season 2, the app is now in its final stage of development with the Beta already out for testing. The initial version of the app aims to familiarise the user with content produced by Bankless HQ and BanklessDAO as well as Bankless Academy interactive courses. Apart from this, members will be able to view info such as their BANK balance and POAPs collection. New Discord channels have been launched for the project, find them here. Get a sneak peek of the app here.
🚪 Reduce Membership Threshold
In an earlier concluded proposal, the BanklessDAO community voted in favor of keeping the membership threshold unchanged at 35,000 BANK. This latest proposal reiterates the need for reducing the threshold as it limits contributing individuals from becoming members and leads to an over-reliance on guest passes. This observation is backed by data as membership growth has stagnated. After due consideration from all members, this proposal aims to go live in early January.
☃️ First Quest Season 3 Proposal and Deliverables Update
This proposal talks about the need for improving the First Quest and onboarding experience for new members. The nature of the First Quest and complexities of Discord often deter new members from joining. The focus in Season 3 will be to overhaul the content of the First Quest, upgrade our beloved Mad Hatter bot, and have more new joiner calls.
🌍 Bankless Africa Seed
Bankless is growing! Africa is the next frontier and this proposal looks at Bankless Africa growing as a node. With more than 50 countries coming together to form this node, Bankless Africa seeks funding to carry out their vision of promoting, educating and ensuring mass adoption of blockchain technology in Africa.
🧠 Crypto Sapiens Podcast Proposal
Crypto Sapiens is a weekly podcast focused on stimulating meaningful discussions between Web3 leaders. This proposal seeks funding from BanklessDAO to improve the overall infrastructure of the podcast in order to add more value to its listeners. The details of where these funds will be utilised are outlined in the proposal.
💂♂️ Proposal Ombuds Service
The DAO Ombuds Office is an informal, impartial, neutral, and confidential place for community members to address concerns that may arise while participating in the DAO. Initially launched as a pilot at the end of August 2021, the Ombuds Office has seen an average of 4 cases per month, proving that this initiative is necessary. This proposal outlines the resources needed.
Action Items
💰 Coordinape is live! Share your GIVE tokens and reward your fellow contributors by 5pm on December 13 (UTC).
🤑 Submit: Season 3 Guild Budgets and Project Budgets by December 20.
🦵 Bankless Colors Poll: We Love Colours is seeking the opinions of BanklessDAO members on multiple available options for their merch drop.
🏃♀️ Catch up: Review this week's Community Call notes or listen to the recording.
🙏Thanks to our sponsor
UMA
UMA helps DAOs build products to diversify their treasury. Most DAO treasuries are imbalanced, holding too many native-governance tokens. By using UMA’s success tokens and KPI options, DAOs can fortify their treasury, preparing for any market while building loyalty.
👉 Join the #bankless Channel in the UMA Discord.
👉 Tell UMA What DAOs you belong to.
👉 Verified Bankless DAO members can earn KPI Options. Go to the Discord to learn more.
