It occurred to me while working with Max on the proposal for the BarnBridge Council, later termed Integrations team, that it was important to have reporting and oversight structures in place to adequately manage the activities of the Integrations team team, and to serve as a template that we could scale as the DAO grew over time.
This is the language from “The first BarnBridge Council” forum post to this effect:
“ Council members will undertake reasonable efforts to provide transparent reporting of their efforts via the following channels:
Dune Analytics dashboard monitoring budget flows and the performance of any joint on-chain ventures initiated by the Council’s efforts
Standardized monthly summaries of relevant milestones and accounting
Regular community call participation ”
The Core Team Multi-Sig is the first on-chain governing body of Barnbridge, and at a minimum should adhere to the same standards we hold the Integrations team and any future teams to.
I also believe there are a few additional measures of accountability that the Core Team Multi-Sig should be held to due the the share value of funds held by the 2 / 3 multi-sig solely controlled by Milad, Troy, and Tyler.
The aggregate of funds held in the Core-Team Multi-Sig stands at approximately $13.5 million mostly in BOND tokens, the Core-Team Multi-Sig can be viewed here:
I therefore suggest the following as points of initial recommendation and discussion:
Standardized quarterly summaries and accounting for funds disbursed by the Core Team Multi-Sig.
I respect there are certain expenditures that may need to be held in confidence for a period of time due to certain warranted circumstances. Expenditures that fall into this category should still be publicly noted, and details disclosed in the future at a time when such non-public information is eventually appropriate to share.
This will allow the team to retain the needed autonomy while still giving the community some sense of where funds are going. I also think opting for a quarterly reporting cycle will make this less onerous and of more value relative to a monthly cycle.
Dune Analytics dashboard monitoring budget flows and the performance of any ventures initiated by the Core Team Multi-Sig
As previously stated, this it to bring the Core-Team Multi-Sig into alignment with the with the standards of transparency we are holding the Integrations team to
A full roster of Individuals on the payroll of the Team Multi-Sig, their general function, expectations set for time dedicated to the project, and aggregate quarterly funds disbursed by the Core Team Multi-Sig for payroll
It’s important for the DAO to know all the individuals being paid for contributions to Barnbridge, and the expectations set by the Core-Team Multi-sig relative to compensation given.
I think this is particularly important in light of the fact that a number of core-team members spend a significant amount of time on other endeavors. Tyler has stated publicly that he is no longer on payroll and contributes his time freely to the community.
It will be of value to the DAO to know the status of all contributors and the expectations around their contributions going forward, particularly those whose work is less visible and cannot be easily accounted for through other means (visibility within the community chats and forums, sum and depth of reporting at bi-weekly community calls etc).
I think its important for the DAO to know who works on behalf of the community and have some sense of their contributions.
This is should be read as a set of recommendations that spur a broader conversation. I would appreciate candid feedback from everyone and additional thoughts that could from this into a more formal DAO proposal.