Fight Club Punches Above Its Weight | BanklessDAO Weekly Rollup
Catch Up With What Happened This Week in BanklessDAO
Dear Bankless Nation 🏴,
What a week in Web3! Going bankless never looked so good. If you have been wondering where BanklessDAO’s mission sits within the broader ecosystem, you must now surely realize the importance of the educational and media resources we produce. As governments exert their power and corporations tighten their control, bDAO will continue to provide people with opportunities to learn about and access decentralized finance.
The Grants Committee has released Season 5 guild funding, but project funds are delayed due to a bug in parcel.money. This is being addressed and the funds should be disbursed soon. In the meantime, Grants Committee will contact each Project Champion about setting appropriate KPIs, as we look to gain greater clarity on how efficiently we’re managing our treasury and how effectively our projects are operating.
After several rounds of conversations between bDAO and Gitcoin, it seems our best option for involvement in Gitcoin Grants is to put in a shared BanklessDAO projects proposal. With the next Gitcoin Grants round starting September 7, stay tuned for details.
The first ETH event in Africa is drawing close. ETHSafari promises to bring positive vibes to all of crypto. It is going to be a week centered on learning and celebrating a decentralized and sovereign future for Africa.
A final reminder that if you are interested in venture capital, now is the time to mint Fight Club’s Red Glove NFT which is only available to bDAO members. This NFT gives you access to a variety of educational opportunities and more, as detailed by Jake and Stake in this week’s editorial. Get to know more about it and then make your decision, but don’t get KO’d.
Have an amazing weekend everyone! Keep the vibes high and the FOMO low as we work towards our shared mission.
Contributors: HAshBrown27, AustinFoss, Jake and Stake, WinVerse, Trewkat, siddhearta, HiroKennelly, pub-gmn.eth
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🙏 Sponsored by humanDAO
🗓 Weekly Recap
Do you want to spend a week learning about and celebrating the decentralized future in Africa? Do you want to meet people from all over the world who are as excited about this future as you are? Then ETHSafari is the event for you!
ETHSafari will be held in Kenya, bringing together people from around the world to learn, hack, discuss, and celebrate our decentralized future. Starting on Sep 18 with a boot camp in Nairobi, the conference will run from Sep 22-24, in Kilifi, on the Kenyan coast. One way to get to the venue will be to get on board the ‘Blocktrain’ — the Madaraka Express will take attendees from Nairobi to Kilifi, traveling through the Kenyan Savannah and Tsavo National Park with views of Mt. Kilimanjaro.
FOMO much? The online hackathon starts on September 1, and through a partnership with Encode Club, there will be opportunities for local and international teams to solve challenges and win prizes.
Visit ETHsafari.xyz to register. Bring your friends too! Join bDAO folks’ Telegram group to get involved today.
💳 Bankless Card
Bankless Card Pitch Deck v1 is out! Feel free to drop your feedback. In addition, v0.5 of our website is available for you to check out. We also have a Mirror page with our first content: We Made the Internet Hard Again, produced in collaboration with Bankless Publishing. There are more articles to write if we have any inspired writers! 😉✍🏽
🗞 The Rug Newsletter
The Rug is Web3’s mostly credible news source. We take money, seriously.
The Rug places a satirical lens on crypto culture. Think "The Onion" for Web3. Our publication includes recaps of the best jokes, funniest articles, behind the scenes podcasts, and throwback newspaper-style NFTs, all of which we produce on a regular basis. Subscribe to our newsletter and read all about it!
🎙 BanklessDAO Podcasts
🧠 Crypto Sapiens Podcast
🌍 Bankless Africa
💰 Making Bank
🏹 Bounty Hunter
✍️ Bankless Publishing
🌏 Bankless Africa Newsletter
🗞 The Rug Newsletter
🧐 Efficient DAO Design
If you haven’t yet, make sure to read 0xJustice.eth’s recent article, first published in State of the DAOs, exploring ways to create more efficient, decentralized DAO structures. You can also mint a copy of his article from BanklessDAO’s Mirror page. Read the article, and consider adding this foundational work to your NFT collection. Just click or tap “Collect” in the upper-right corner to mint.
🎓 Bankless Academy AMA Session With 1inch
Join Bankless Academy and 1inch core team members next week in the Explorer Community on gm.xyz. Do not miss your chance to learn about DEX aggregators, slippage, liquidity, and more! To participate, go to the link above and post your questions; no matter how simple or complex, all questions are encouraged. This is a priceless opportunity to learn from the pros. We look forward to having you participate!
🙏 Sponsor: humanDAO — improving lives through crypto.
Fight Club Punches Above Its Weight
Author: Jake and Stake
Access to early-stage investments often is limited to venture capitalists (VC) due to the exclusive nature of VC networks. The Bankless Fight Club is a sub-DAO of BanklessDAO whose mission is to democratize access to the VC deal flow and enable economic sovereignty.
Fight Club includes a platform of venture DAOs, educational programs for venture analysts of diverse backgrounds, and apprenticeships that bring financial tools to the unbanked.
In the effort to democratize deal flow, Fight Club allows its members to bring investment proposals to the DAO, where investing members will subsequently vote on them. The money used to fund these projects comes from a pool of capital called the “Genesis Fund”, set aside to support Web3 projects across the cryptoverse.
Fight Club Perks
Fight Club (FC) is perfect for investors of all levels. If you’re a seasoned veteran, you’ll love the access to FC’s gated Discord channels, research calls with VC analysts, and monthly networking calls with VCs, advisors, and founders.
NFT owners new to crypto’s venture capital ecosystem will benefit from Fight Club’s educational program. The program teaches new entrants to crypto venture capital how to become a crypto analyst via lectures, mentorships, and internships.
Owning a Fight Club NFT gives you:
Access to the FC Discord server
Access to educational programs provided by Fight Club
Governance votes over FC operations and Treasury
Access to IRL events
Eligibility to participate in FC ventureDAOs (subject to ventureDAO accreditation criteria)
The education program consists of a series of webinars on venture capital processes, due diligence, and investment within the Web3 space. Completion of this series of webinars makes you eligible to participate in FC’s investment research process and become a junior analyst, where analysts can be promoted to managers based on performance on deals and the judgment of their managers.
Additionally, all NFT holders will have governance rights. Fight Club is governed via the membership NFTs (The Gloves). Currently, there are three tiers of NFTs, and which one you hold determines how much weight your vote carries. The membership tiers as of April 5, 2022 are:
Each NFT has a weighted governance vote over the operations and treasury of Fight Club. Currently, the governance vote is split 50/50 between FCGG and FCRG holders, but there’s a proposal in progress to determine the governance weight of FCBG holders. Additionally, in pursuit of a more equitable governance mechanism, FC is developing a structure that uses each member’s contribution history to help determine the weight of their governance vote.
The Black Glove Mint
Many bDAO members will likely remember the Red Glove announcement, where we gave bDAO members priority for exclusive access to Fight Club’s perks. But now, Fight Club is ready to open its services to the world.
Fight Club’s long-awaited public mint will be on September 1, 2022!
There will be 1,000 NFTs minted on the Polygon network, each priced at $650 equivalent in MATIC. Right now, Fight Club is allowing a maximum of 500 people to sign up for the allow-list, which will grant those people the ability to mint for $600 equivalent in MATIC. The allow-list deadline is August 28, 2022, so sign up quickly!
How To Get Involved
If you have any questions, visit the Fight Club website and join the FC Discord. More information about the NFT mint can be found on this Notion page and we have NFT minting support channels in the FC Discord (how-to-mint & minting-support) in case you run into any problems.
If you don’t have an NFT, you can still poke around with a guest pass, and membership can be earned through contribution. In any case, our #public-square channel is open to all — even those without a guest pass — so drop in and say hello! Finally, follow us on Twitter to stay updated!
Keep your eyes out for a Tokenomics - L2 Liquidity Deepening Snapshot. It’s currently live, but the Snapshot Strategy needs fixing. So while you can’t vote at the time of publication, expect to be able to do so soon. Read the Forum proposal to get up to speed on migrating DAO-owned liquidity to Polygon.
Proposals in Discussion
Do you want notifications when people reply to your posts? Enable notifications in Discourse. You can also sign up to get notified in Discord when a new Forum proposal drops. Turn on notifications for the forum-proposals channel.
🔍 Crypto Nomad Research Proposal
The Legal Guild would like to spin up a research project aimed at Crypto DAO Nomads/Wannabe Digital Nomads. The research will involve contribution mainly from members of the Legal Guild, as well as some services from designers and editors. The total ask to execute this project is 99,999 BANK and the final deliverable is a report that can be minted by NomadPunk NFT holders.
🪴 BanklessDAO x Regens Unite (Berlin)
Regens Unite Berlin is planning to host an event that runs parallel to ETHBerlin from September 16-17, and the team is asking for support from BanklessDAO. There are also two other events happening in the lead up to ETHBerlin: Dappcon September 12-14, and Re:Generate September 15, providing a week-long opportunity to reach a broad range of people and break out of the silo we usually work within.
⁉️ Bringing BanklessDAO AMAs to the Next Level
WildFireDAO has tabled a proposal to deliver weekly AMAs with high-profile projects such as ENS, Gitcoin, Aave, and many more. Building connections with more widely recognized projects outside of bDAO would help build our brand profile. The first season of funding is intended as a trial run and sponsorships would not be pursued until an audience has been built, but in future seasons a share of sponsor revenue would be returned to bDAO in exchange for each seasonal grant.
🗒️ BanklessDAO x List of DAOs Collaboration
List of DAOs wants to bring greater awareness to all DAOs in the Web3 community. Using a decentralized tool to collaborate on building a one-stop-shop resource called Decentra-List, the goal is to crowdsource a directory of 1,400 DAOs. Other lists have the drawback of having a moderate-to-high bar of entry, making it difficult for smaller DAOs in the ecosystem to be discovered. Currently the list has collected more than 200 DAOs.
🔔 bDAO Contributor Recognition Program (ThriveCoin Pilot)
This is a pilot proposal to use the ThriveCoin 3 platform to recognize and reward BanklessDAO contributors. Contributors who wish to participate will be able to connect their wallet to the ThriveCoin platform and be rewarded in THRIVE tokens for bDAO Snapshot contributions, bDAO Discord activity, and bDAO Twitter engagement. ThriveCoin will provide all required setup. There is no cost to bDAO.
🌱 BanklessDAO Gitcoin Grants Proposal
Please expect an update to this proposal. Based on the discussions with Gitcoin so far, the best course of action is to go ahead with a collaborative BanklessDAO projects proposal.
🦦 bDAO Season Role Holder Badges (Otterspace Pilot)
This is a pilot proposal to generate seasonal badges for BanklessDAO role holders using the Otterspace protocol. This would include all Guild Coordinators and Project Champions who would then be permitted to issue other role badges required within their groups. Doing so will make our org structure visible on chain, create a more holistic representation of membership, create data for future reputations systems, and aid the community in communication. The proposal is a low-risk way to increase our resiliency, transparency, and reputation mechanics.
🚌 GM Bus and Green Pill Trailer — Season 1
The GM Bus is focused on collaboration, cross ecosystem coordination, and engaging with IRL communities to spread adoption of DAOs. With interests in spreading the gm vibes and improving the crypto narrative, BanklessDAO is invited to join in a Media Partnership with the GM Bus. They are also requesting BANK to compensate the squad.
✅ Action Items
🗳️ Action: Vote on the Tokenomics - L2 Liquidity Deepening Snapshot once available.
🤓 Read the proposals on the Forum and add your considered comments to the conversation.
🦾 Get fighting fit with the many educational opportunities on offer.
🏃♀️ Catch up: Review this week's Community Call notes or listen to the recording.
🙏 Thanks to Our Sponsor
Pocket Assistant NFTs are pioneering a new gig economy for Web3, with Web3 values. Our community of contributors are here to help you spend more time on high-value activities by easily delegating your simple but time consuming tasks. PA NFT holders get to delegate 20 tasks per week to Pocket Assistants. In doing so, you provide valuable, safe, flexible work and income to someone in an underserved community. This is a step-change in utility for NFTs, a jpeg with real-world utility, freeing up hours of time per week for holders and providing wages to those most in need across the world.
👉 Reserve a Pocket Assistant NFT before they're gone.
👉 Follow humanDAO on Twitter.
👉 Join humanDAO Discord.
🤣 Meme of the Week
Thanks Frank America!