Bankless DAO Weekly Rollup #35: Coordinape Rounds, S3 Roles, and Global Tax Advice

Catch up with what happened this week in BanklessDAO.

Jan 1

Dear Bankless Nation 🏴,

Are you ready for 2022?! Start the New Year with BanklessDAO as we hit Season 3. Governance is on the brain as we’ll soon have four live Snapshots. So get informed and vote!

It’s been a light few weeks here at BanklessDAO, but if you want to get paid, we have the alpha. Our next Coordinape round is going live very soon, so be on the lookout! We even have a brand-spankin’ new Coordinape resource guide. And if you’re looking for a job in crypto, BanklessDAO and the Talent Collective have teamed up to help match you with Web3 companies.

Happy New Year!

Authors: BanklessDAO Writers Guild (Ssasho0, Jake and Stake, ThePsychGuy, Saulthorin, Cheetah, Trewkat, FreedomFighter)

This is the official newsletter of 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

UMA helps DAOs diversify their treasury and build community

Community Highlights

MetaFactory Merch!

🧦 THE BED INDEX CONSTELLATION SOCKS

Slide into the best bet in crypto. The BED Index Constellation socks feature DeFi’s most iconic logos and will keep your feet toasty warm on crypto’s coldest days. Flex in a suit, at the gym, at home, or wherever socks are part of your life.

🛌 THE BED INDEX CONSTELLATION BLANKET

When you look up to the sky, what do you see? The moon? Your portfolio? Both? This design by [Crypt0xWife](https://twitter.com/Crypt0xWife) brings to life many popular DeFi apps, ETH and BTC logos in brilliant constellations.

🚀BanklessDAO launches the GMI index

Crypto Texan 🦉 | cryptotexan.eth @Crypto_Texan

🚨COMING SOON!🚨 The Bankless DeFi Innovation Index | $GMI @banklessDAO and @indexcoop join forces once again to bring the crypto space a DeFi 2.0 Index! 🚀 how will this be different from $DPI? 🚀 what's the methodology? 🚀 how to get included in $GMI? let's dig in🧵 1/⤵️

What’s New

✍️ BanklessDAO on Medium

BanklessDAO 🏴 @banklessDAO

Fork Olympus to Tokenize Carbon Offsets? BanklessDAO's @ffstrauf breaks down @KlimaDAO in his newest #Tokenomics 101: (Cov Design by @CosmicClancy)

Tokenomics 101: Klima DAO35024% annual yield? Even in crypto, that’s huge. When it sounds too good to be true, it often is. How does a protocol achieve this, and how long can they sustain paying out rewards this big? Before…medium.com

🏫 Education Guild Season 3

The Education Guild will focus on inner-DAO education in Season 3. They are already warming up on that promise with a free for all Polygon workshop! You will learn how to use this sidechain, with tricks on how to save on Eth while onboarding, and there is a POAP to collect!

There are two planned sessions, 02nd Jan 2022 and 05th Jan 2022. The first session is EU (afternoon) and US time-zone friendly, while the second one is more convenient for the Middle East and Asia.

🧑🏽‍🦰Get Involved

💰 Coordinape

The next community Coordinape submission begins on Monday, January 3rd, and will last until the 7th. Open to all L1s, L2s, and guest pass holders! Check out our guide on how to use Coordinape!

⚔️ Guild roles elections

Many guilds are having Season 3 role elections. The best way to get involved is to check with your guild. See who the nominated people are and vote!

🏋️‍♂️ Talent Collective

Looking for a job in crypto? We have a solution for you! The Talent Collective is currently open for L2s and will be open for everyone next year. Not yet an L2? Don’t let that stop you. If you’re keen to get started, we will accept applications that are sponsored by two L2s.

#️⃣WhyweDAO

nonsensetwice.eth 🏴 @nonsensecodes

Come join a DAO. We don’t tell you how to dress. We don’t tell you how to talk. We don’t tell you how to act. There are no norms. No keeping up with the Joneses. It’s just you, alongside others similarly minded, just building shit that matters. 🧵

🏴JENetics Art and Design🏴 @firequills

I’m so fucking happy I #justDAOit and don’t have to spend all my energy playing the political VC game. If I want my idea done- I’m grabbing my DAO & doing it. I don’t have time to mansplane my concepts to you to get your buy-in in 6-9 months. #WhyWeDAO #LFG

Frank America 🦇🔊🏴 @thefrankamerica

Congratulations @banklessDAO on (just about) breaking 30K followers! Major strides across the board. #banklessdao #whywedao #gobankless

🙏 Sponsor: UMA — Diversifying DAO Treasuries. DAO Better.

DAOs Are Changing The World: How You Can Get Involved

We have said this before and will say it again: DAOs will revolutionise the world. DAOs already offer a multitude of opportunities for everyone involved, supporting coordination of effort on a global scale.

In September 2015, the United Nations adopted 17 Sustainable Development Goals (SDGs) which address a range of humanitarian challenges. It is hoped that all countries will work together to meet SDG targets such as eliminating world hunger, supporting climate action, aiding work and economic growth, and bringing greater parity to gender equality.

https://lh6.googleusercontent.com/J8J2mcHCkqO18ovEVNVr7BhOkzosDpHdPl-gH22xSWoPgmNyhVa4fgcrbVEMvAOHGNqesAK23hTrC9fHhFAX8MLvdeX4PEZmwWPzfyxojTHSmO9hAxxi1sVP6jhzZE_clYRAJNU

Source:

https://sdg-tracker.org/

While the SDGs are worthy, the same cannot be said for the measurement of our progress. The Sustainable Development Goals Index is designed to assess the progress of various UN Member States towards achieving the goals. Due to the dominance of social and infrastructure development indicators, and an over-simplified approach to the assessment of ecological impact, the index inaccurately favours developed nations.

For instance, countries such as Sweden and Finland have high scores, indicating that they are making progress towards all the SDG targets. In reality, the carbon footprints and resource consumption of these nations are far higher per capita than global averages.

In a global and connected world, progress towards SDGs remains frustratingly siloed. There is little international coordination taking place, and there is little incentive (apart from the obvious climate disaster) for implementing any of the necessary changes. While a tax-incentive system and the mobilisation of domestic funds for these goals seems plausible and desirable, none of it has materialised, especially in developing nations, which are already dealing with health and economic disparities.

A Solution

DAOs provide opportunities to mend the coordination problem. Web3 technology and culture has made it easier than ever to coordinate efforts and work towards shared goals. Within the DAO ecosystem, multiple DAOs have raised funds without the need for venture capital, using platforms such as Copper Launch combined with engaged and dedicated communities. These crypto-economic networks incentivize social good and promote egalitarian ideas such as the recent groundbreaking attempt to [buy the American constitution](https://www.constitutiondao.com/#:~:text=ConstitutionDAO (2021-2021) was a beautiful experiment in a single-purpose DAO. We now believe this project has run its course.).

The permissionless, borderless, and distributed nature of DAOs can pierce through the obstacles that traditional humanitarian efforts face: lack of coordination, incentivization problems, and an absence of momentum. Some may argue that it’s quite early to say anything about the efficacy of DAOs at achieving sustainable development, but the upcoming examples may just make you a believer. A bet on DAOs is a bet on humanity. It really is possible to be paid to contribute to global efforts towards social justice, equity, and sustainability.

Mobilizing for Climate Change

According to the market, Amazon is the world’s most valuable company. But the Amazon rainforest has no market value until its vegetation is cleared for farming, and its trees are stripped of their greenery and extracted as logs. ~[Klima Whitepaper](https://docs.klimadao.finance/#:~:text=According to the market%2C Amazon is the world’s most valuable company. But the Amazon Rainforest has no market value until its vegetation is cleared for farming%2C and its trees are stripped of their greenery and extracted as logs.)

Climate change is a large-scale problem that many individuals feel somewhat powerless to address. The exponential growth in carbon dioxide emissions (illustrated below) is startling. Many of us wonder when governments and corporations will take the necessary actions to reduce the impact of our economic activities on our precious system of life-support.

https://lh4.googleusercontent.com/oRSp3bFHdrZUK3BvN-nC2w91EzDgsCFFc_eEDS_psrZX3lKY74SmOadgOEdHGCyLvB_ChnWQ86fPttQHuSf_o3BAs3ra5O_gGJTAdJQw-thbLmMwPj8tBpuoXrek1lyNLFJvERM

Source: https://unstats.un.org/sdgs/indicators/database/

The Web3 revolution means individuals can choose to fight climate change by participating in tokenized carbon offset initiatives set up by KlimaDAO, Regen Network, Toucan Protocol, and many others. KlimaDAO seeks to bridge the gap between what is being valued by the markets and what is actually valuable to us as humans. Having created a carbon market tied to the off-chain market, they have backed each token with at least 1 tonne of tokenized verified carbon offsets locked in their treasury.

The Regen Network is a protocol based on the Regen Ledger, which seeks to incentivize sustainable crop-management techniques. While present economic models incentivize landholders to exploit their resources, the Regen Network promotes and rewards environmentally responsible land use.

https://lh5.googleusercontent.com/-d1jte3lw4dtRu-N1L_wlH5pMGBuei78dn5d9TC9rou9Gw3-8IojZJhfZsBBtOMj--Uh0W8LsGSIYeSLbz4fTFeHQE_qVLseNIuHbLHrR0iSU6eqMxmYCJaOtIXtDay0Boub6bw

Source: Regen Network’s incentives to land stewards.

Property Rights

SDG 11 aims to, “make cities inclusive, safe, resilient and sustainable”. One particular target being is to, “ensure access for all to adequate, safe and affordable housing and basic services and upgrade slums”.

There are DAOs that make it easier to purchase real estate, lease it, and even meet up with fellow contributors in real life. These plans are achieved by the likes of CityDAO, CabinDAO, and DtravelDAO. While CityDAO allows people to come together from any corner of the world and purchase off-chain real estate, CabinDAO allows people to meet online but gather together off-chain to recharge themselves. Another, DTravelDAO, enables the host and paying guest to communicate better by ensuring greater security and giving more control to token holders regarding housing developments.

Gender Gap

Gender inequality is an abstract problem that requires abstract solutions. Thankfully, the amazing people at Komorebi Collective are doing just that. The program is dedicated to female and non-binary founders who are leveraging crypto for their specific projects. Their mission is to ensure that the crypto-sphere remains as diverse as possible and people coming from minority backgrounds get the push they need to excel. On the other hand, we have Meta Gamma Delta that focuses on gender equality and provides a safe space to the women of Web3 for sharing ideas and exploring. Conceived at EthDenver 2020, the Meta Gamma Delta society also provides mentorship and grants to women who wish to work on awesome projects.

Legal System

With the discussions of regulation going around, it is important to protect yourself from liability whenever you’re starting a DAO or integrating your business with Web3. DAOs such as OpenLaw and LexDAO are helping everyone stay on the right side of the law. While LexDAO provides consultations and gives legal advice, OpenLaw has tools to change legal contracts into smart contracts, making them compatible with Ethereum.

Education System

It is important for newcomers to educate themselves about best practices. While alluring, Web3 can be dangerous. It is also important to stay up-to-date with the latest developments, seeking out that alpha!

Education is continuous and some DAOs, or rather some guilds within DAOs, do that best.The Education Guild at BanklessDAO merits a mention. Multiple projects have sprung up from the ideas of Education Guild members, and a revamped workshop program is just around the corner. These workshops, ranging from the usage of Discord to the issuance of a digital wallet, are vital for newcomers.

Conclusion

It isn’t necessary to cover each SDG highlighted by the UN to indicate how well DAOs are equipped and positioned to strive towards these goals. Off-chain problems can have on-chain solutions. The momentum and initiative often shunned by the traditionalists in legacy corporations end up driving DAOs. When you’re not afraid of taking risks, anything is possible.

🏛 Governance

🚨 Snapshot Vote

Live Now

Funding for Season 2 Approved Projects (Ends Jan 7, 2022, 7:00 A.M. PST)
- The budget of the Grants Committee allocated for projects has fallen to 71,234 BANK. We have had 4 projects requesting funding, which we don’t yet have the funds for. All of them have had soft consensus in the forums and are approved by the GC.
BanklessDAO Season 3 Specification (Ends Jan 7, 2022, 8:59 A.M. PST)
- Season 3 will start on Monday, January 10, 2021 and end on Friday, April 8, 2021.

Going Live on Jan 1, 2022 (Happy New Year! 🎉)

Firming Up Governance (Jan 1, 2022, 9:00 A.M. PST - Jan 8, 2022, 9:00 A.M. PST)
- This proposal introduces some voting parameters and guidelines in response to feedback around the recent Olympus Pro post. Included are the specifics on what goes to Snapshot and what does not, quorum, voting requirements, community education guidelines, as well as the proposal wording & presentation.
Season 3 Grants Committee Elections (Jan 1, 2022, 9:00 A.M. PST - Jan 8, 2022, 9:00 A.M. PST)
- According to the Season 3 specification, there will be four seats up for election in the Grants Committee. The Grants Committee consists of seven members, forming the multi-sig.

If you want to learn more about Snapshot voting, we wrote a Snapshot Primer last week.

💡Proposals in Discussion

💸 Global Tax Consultancy Proposal + TAXpunk NFT

The Legal Guild would like to prepare a global tax guide (GTG) that provides a general introduction to virtual currency-related income tax laws for major jurisdictions. Access to the GTG will be granted by minting a BanklessDAO TaxPunk NFT. Anybody will be able to mint the NFT and access the tax guide for fee. The guide will be used to kick off Legal Guild’s tax consultancy for individuals, corporates, and other DAOs.

🕵🏼Operations Guild Season 3 Budget Proposal

Frogmonkee prepared the Operations Guild’s proposal for Season 3. The proposal defines the scope of responsibilities, the general plan for Season 3, and of course how the budget will be spent. Go read it!

🧑‍💻 Role and Guest Pass Reworking

This proposal reviews the membership levels in the DAO, including guest passes. It proposes reworking them to make things clearer.

🏦 Season 3 - Grants Committee Submissions

According to the seasonal spec, there will be 4 seats up for election for the Season 3 Grants Committee. It consists of 7 committee members who form the multi-sig. The committee is responsible and accountable for managing the grants system, reviewing grant applications, and managing the grants treasury, with the help of other guilds as needed. If you want to apply, follow the link and post your resume.

➕ Decentralization of Notion Permissions Proposal

There will be changes to the permission levels for our Notion pages. People will no longer be able to edit any page. If you notice that you cannot edit a certain page, contact your guild and request editing access.

This proposed model will decentralize Notion permissions by re-ordering the underlying page structure, groups, and permissions. Each guild/project will have the ability and responsibility to set permissions and visibility for their Notion pages.

There will also be a team within the Operations Guild that will act as Notion administrators for DAO-wide pages.

✅Action Items

🚨 Snapshot: Vote on the Season 3 Snapshot.

🌌 Merch: Pick up your constellation socks and blanket!

🌱 Talent Collective: Get a crypto job.

🏃‍♀️ Catch up: Review this week's community call notes.

🙏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.