Discover more from Bankless Publishing
The BanklessDAO in Spanish Proposal Está en Llamas | BanklessDAO Weekly Rollup
Catch Up With What Happened This Week in BanklessDAO
Dear Bankless Nation 🏴,
Over the past few months, we have welcomed many new members to our community, launched exciting new initiatives, and continued to explore new ways to empower our members and create value for our stakeholders.
This week’s editorial features HiroKennelly discussing a proposal to create a Spanish-language subDAO within BanklessDAO. This subDAO will produce content aimed at Spanish-speaking people, of which there are over 500 million native speakers around the world. What an excellent way to further out mission to create onramps for people to discover the liberating power of decentralized financial technologies.
If you are looking to do your taxes quickly and for free (and who isn’t!?), Bankless Card has rolled out a new initiative that enables you to do just that. Taxman is a new feature that allows you to do taxes on DAO income in five minutes! Ready, set, file!
On the governance front, there are Snapshot and Forum proposals needing your comments and votes — go and make your voices heard! Season 8 budget proposals have been submitted to Forum for review by the Grants Committee.
This week’s Community Call finished with a roundtable discussion on the seasonal funding process. Many experienced contributors shared their views on existing obstacles, and suggested expectations and solutions regarding improvements.
Thank you for being a part of our DAO community, and we look forward to continuing to work together to build a better, more decentralized future. Have a splendid weekend!
✅ Action Items
🗳️ Vote: bDIP-08 regarding our mulitisig signers is ready for your vote on Snapshot.
📖 Review: The Draft Season 8 spec is on the Forum and ready for your review.
🧑🎨 Buy: An NFT from the D’Art Drops.
If passed, this bDIP will mean the DAO has adequately documented procedural information about the role of a BanklessDAO Vault multi-signature wallet signer. The proposed text covers these individuals’ rights and responsibilities, plus election and removal processes.
Pending ratification on Snapshot, the planned next step is to hold an election and replace the current inactive signatories.
The Snapshot closes soon. Please vote!
Proposals in Discussion
After several successful temp checks, the draft bDIP text regarding time-locked BANK is on the Forum. According to the language in the bDIP, the change to Level 1 Membership levels will be as follows:
Full DAO members are those who have accumulated the requisite 35,000 BANK and are authenticated in the Discord server. The benefits of L1s include access to additional Discord channels and no longer needing to renew the guest pass. DAO Members that mint the preset tlBANK will also be given L1 Membership with the included benefits. Only the tlBANK minting address receives the L1 access.
This will create secondary use cases for the BANK token by:
allowing tlBANK to trade on any NFT marketplace.
creating new areas of involvement and alignment of projects.
The UI will define lockup, but will be open-ended on the back to allow projects to have different involvement.
ONLY the minting address will receive the L1 Access to the DAO.
Please head to the Forum to review, comment, and vote on this important bDIP.
As detailed in this week’s editorial, the Spanish IMN is proposing to spin out as its own subDAO. Please read the editorial, review the proposal, leave your comments, and vote! With a reasonable ask of 640,000 BANK to provide more web3 educational content in the language natively spoken by nearly 500 million people, this proposal has great potential to move the DAO’s mission forward.
The BanklessDAO in Spanish Proposal Está en Llamas
Nearly every day, something happens at BanklessDAO that puts the awe in awesome. This newest discovery, a Forum post by CryptoReuMD which is seeking consensus and funding to create a Spanish-language subDAO, struck me in such a way. The name: BanklessDAO in Spanish 🔥.
With nearly 500 million native speakers, Spanish is one of the most spoken languages in the world, and is the primary language in 20 countries as well as the unincorporated U.S. territory of Puerto Rico.
Not only that, but Spanish-speaking countries have some of the highest per-capita crypto adoption rates in the world.
Since BanklessDAO's inception, there has been a Spanish International Media Node (IMN). This fast-growing node currently has over 50 members.
Without question, this node team has done remarkable work, translating BanklessDAO-produced content in Spanish and hosting/cohosting IRL events, including ETH Mexico, DevCon, Ethereum Mexico x Ledger, and bDAO x Nouns in Merida, but they feel this isn't yet enough.
Latin American (LATAM) countries have severely underbanked populations. As written in the Forum post, LATAM populations "understand why we need to separate money from the state." To truly educate those within LATAM, it's essential that BanklessDAO is able to not just increase its translation abilities, but also produce original written and audio-visual content tailored to Spanish-speaking countries. It’s proposed that to do this, the Spanish IMN node should break out into its own subDAO with its own budget, agency, and autonomy.
According to the Forum post, the goals of the subDAO are as ambitious as they are exciting, including:
Translations: 20 Translations/month
Original Content: 4 Creative/Original/DeSci/Research Newsletter
Media Content: 8 Videos
Bankless Weekly Rollup (x4) — bDAO in Spanish YouTube Premium Subscription
Original/Research/Hosting Video/Podcast (x4)
Twitter Spaces (x4 monthly)
The mission of BanklessDAO in Spanish is spot on, and recognizes the challenges of propagating Bankless values to a global citizenry. "[L]anguage becomes a greater barrier and information simply does not reach the right corners. In BanklessDAO in Spanish, we will use the media that exists today, written, audiovisual and social, to promote the importance of crypto knowledge and bring to people with access difficulties the financial, artistic and disruptive tools that will allow them to start their Bankless journey."
Part of the desire, or need really, of the Spanish IMN node to evolve into a subDAO is budgetary — with the amount of work that needs to be done to educate Spanish-speaking populations on the empowering technologies which underpin decentralized finance, they simply need more BANK. "Working in the international media nodes is great, but we can’t translate everything because we don’t have the budget, with our independence we will be more capable and have more time to translate more and more content, and also to create videos and translate the ones that are published in other subDAOs of Bankless."
Importantly, Bankless in Spanish intends to create original content that focuses on issues of concern in LATAM countries. "[W]e’re going to do more research on local projects, on ramp and off ramp in our banks, what’s happening to our families and how we can make our country more bankless."
If the reaction of the BanklessDAO community on the Forum is any indication, spinning out the Spanish IMN node into a subDAO has widespread support.
But BanklessDAO in Spanish needs your support too. Please visit the Forum post, review the proposal, leave a comment, and most importantly, vote. Although it appears that BanklessDAO in Spanish has the support necessary to receive funding, this funding is not guaranteed, as it still must be approved by the Grants Committee.
Demonstrating that there is overwhelming support from the BanklessDAO community goes a long way to showing the Grants Committee that this is a project worth supporting.
It's too soon to congratulate the team behind the proposal, but it's not too late to further help the world Go Bankless! Excellent work Bankless in Spanish team!!
¡Apoya a BanklessDAO en español y vota por su propuesta!
🗓 Set A Reminder
👨🏻⚖️ Legal Landscape of Crypto in Latin America
The bDAO Legal Guild is holding a Twitter Spaces on April 20 at 17:00 UTC to talk about the evolving legal landscape of crypto in Latin America. The discussion will address the challenges, opportunities, and future legal implications of crypto in this region.
Purpletrader is a centralized exchange (CEX) for social tokens and DAOs. It is incorporated in the U.S. and puts traders first by facilitating data-based decisions and making tokens more accessible. Purpletrader enables purchase of tokens from multi-chains that can only be found in DeFi — all together in one place and ready to buy with a credit card.
Cruize Finance is a user-friendly DeFi platform for safer yield opportunities, making it accessible for all experience levels. The team is constantly working to improve the platform and help more individuals access the benefits of DeFi.
🌱 New Joiner Session
Are you new to the DAO and would like to get plugged in right away?
Do you want to meet other DAO contributors to talk more about challenges you are facing as a new member and get some frenly advice?
When : April 17, 2023 at 13:45 UTC.
Visit the #new-joiner-session Discord channel for the session details.
Safe (formally Gnosis) is a tool frequently used by DAOs, start-ups, businesses, and projects to manage a shared treasury. In this session, you can add the Goerli Testnet, learn how to create a multi-signature wallet, and join a testnet multisig. We will execute a few transactions, learn how to adjust the policy, and how to remove signers from the multi-signature wallet.
BANK is the governance token of BanklessDAO. To learn about the BANK token and its tokenomics, join the Education Department on Thursday, April 20 at 14:00 UTC in the watercooler voice channel.
Hop in 15 minutes before the event start to be onboarded to the Zep platform.
Are you interested in helping to teach “How To” sessions or do you need one developed for your DAO project? Connect with us in the #🎓education-department channel to get more information about how to get started.
👀 In Case You Missed It
📺 Weekly Rollup Recap With Allyn Bryce
Allyn is going to throw you in prison with these time-locked BANKlets. But at least you’ll be put to work, and you get to admire Vitalik! And don’t forget to support the Rollup Recap proposal for Season 8!
You can find all the previous episodes on the BanklessDAO YouTube Channel.
📊 GC Polls regarding Seasonal Proposals
Grants Committee members recently conducted a poll among themselves about seasonal proposal requirements with the following results:
Should projects include polls on their proposals? — YES
Should projects have to meet quorum in order to be included in the seasonal distribution of BANK? — NO
Should quorum for projects be adjusted? — NO
Should the Treasury Department be included in the Season 8 BANK distribution? — NO
Some GC members shared their decision-making process and resulting votes in the gc-poll-discussion channel in Discord.
🎙️ The Crypto Roundtable
Roundtable Space, the host of some of the largest Twitter Spaces, invited bDAO to be a part of the latest Space to discuss crypto and the current DAO landscape. Listen to this recording to level up your DAO alpha!
🏵️ Public Goods Fundooors… claim your Hypercert NFT
The BanklessDAO hypercert has been created and is now ready to be claimed. Anyone who gave over $1 to a project has been automatically allowlisted for a hypercert. To check if you are eligible to claim hypercerts for your contributions to the Gitcoin Alpha Round, head to the hypercerts dashboard and connect with your Optimism wallet!
If your hypercert doesn’t show up, the project might not have created the hypercert yet.
🍔 Grab It While It’s Hot
🧑🏽🎨 d’Art Drops
These weekly art drops are done in collaboration with up-and-coming NFT artists, for the Bankless community, presented by Decentralized Arts.
Artist: Dark World Arts
Description: The collapse of the old-world financial system lies in ruin. However, with ruin comes potential; a crypto pioneer pauses in a ruined landscape, ready to begin building the world anew. What lies ahead is the promise of a more transparent and equitable system, and the pioneer is ready to lead the way.
Cost: 0.02 ETH