Prop 07 by @jango Date: April 4, 2023 š§ Thirsty Thirsty operating its money and membership through Juicebox
Status: SnapShot
Synopsis
Create a Juicebox treasury for Thirsty Thirsty for it to a) use for taking in new money from partnerships and sales, b) distribute and manage membership tokens through, and c) automate payouts from.
Here's a testnet example of how it could look and work: https://goerli.juicebox.money/v2/p/610
Motivation
I've been learning about Thirsty Thirsty and watching it exhibit itself for the past 6 months mostly through talking to Bruxa and attending its events in Miami, Colombia, Denver, and FWB fest. I think TT's binding values of "regenerating mother earth deliciously" and "re-centering ancestral wisdom" are critical, and its approach to building hospitality relationships around these values is genius. There are some really great people here.
Despite the org's craft and care, I think Thirsty Thirsty is under leveraging it's potential to build financial and ownership implications that super power these relationships and prove them sustainable and scalable. I want to help support in these ways. My specialty is helping to produce projects that lean on open source accounting tools to fuel and organize community initiatives.
Not to mention, right now there's no great UX for joining Thirsty Thirsty via our existing NFTs.
A great first step for Thirsty Thirsty would be to deploy a strategy to revamp its membership NFTs, and adjust governance participation to reflect both the previous membership form and any new version.
Specification
Multisig deploys a Juicebox treasury with the following configuration:
- 14 day funding cycles that align with the 14 day governance cycle.
- no payouts, meaning all funds that end up the in the JB will stay there until scheduled to be paid out in a future cycle in consequence to future proposals.
- issue 10,000 project tokens for each ETH that comes in to the treasury. reserve 50% of these for the DAO and for partners with whom the DAO wants to align interests, like Seed Club.
- airdrop project tokens to season 0 membership NFT holders at the rate of 5,000 per ETH (same as the 10,000 tokens with a 50% reserved rate), valued at the price of each NFT.
- distribute new NFTs (season 1) at a cost of 0.2 ETH per. Other NFTs can be added alongside it later. These season 1 membership NFTs will be eligible for ongoing claims of newly issued reserved project tokens used for voting, but this detail does not need to be decided right away.
Rationale
This strategy allows the DAO to evolve its membership criteria while also acknowledging those members who have been here since season 0. It allows the DAO to start taking in funds and distributing project tokens to be used for voting back out to new contributors.
Thirsty Thirsty does not need to change its governance process, nor move any funds from its multisig to the treasury. Next cycle, we should consider updating our governance participation from 1 NFT == 1 vote, to voting power based on the project tokens that will be distributed out to both old and new members.
Risks
This is low risk and can be experimented with in a noncommittal form.
Timeline
By the start of the next governance cycle in two weeks.