Lido Proposal: #0x93e5ae25e42308ba73f4010366e78e37eadbba16ed41c853f9f99c2006de64e4

[EGG] Establishing the Community Lifeguards Initiative (CLI) Sub-Committee

Status:
Closed
Approve Community Lifeguards100%

Approve Community Lifeguards: 100%

55,560,466 LDO

No action: 0%

0 LDO

Voting Period

  -  

Proposer

0xDbBC6A93ae517D3ea568C04219cbBBd025f01CB6

Description

TLDR

Basic Data

FieldDescription
Proposal NameEstablishing the Community Lifeguards Initiative (CLI) Committee
Which of the following GOOSE goals is your proposal advancing?2: Lido attracts the best validator set in the market
Organization descriptionEnti and Stakesaurus. Community-oriented, seasoned Ethereum solo operators and current Community Lifeguards
Proposed scope of workRepresent community operators among Lido contributors, engage and create valuable resources for them, identify collaboration and grant opportunities with community staking-oriented projects, and represent Lido in community activities
ObjectivesSignificantly increase and diversify the operators participating in the Lido on Ethereum protocol while fostering a vibrant and inclusive community
Quarterly Budget Request197K DAI

Establishing the Community Lifeguards Initiative (CLI) Sub-Committee

We’re putting this proposal forward to the DAO to formalize and expand the Community Lifeguards Initiative as a LEGO sub-committee of community-oriented, seasoned Ethereum solo operators committed to developing the community of stakers in Lido on Ethereum.

Scope and responsibilities

To be able to accommodate changes and the needs of the community, we will keep the community updated on our spendings, goals and metrics in every quarterly report on the forum.

CLI Community Grants

To better support the growing community, we’re proposing the establishment of a Community Grants fund managed by the CLI.

The community grants fund will be disbursed in the following ways:

Budget

We are asking for a quarterly allocation of 197K DAI, broken up as follows:

AmountUse of fundsApproverUnspent budget
117K DAI per quarterRewarding for Community Lifeguards, based on time and quality of contribution (i.e. max of 39K DAI/contributor per quarter, where max would indicate exemplary performance)Community Lifeguard Coordinator + Lido Community Staking Contributors (Note the amounts constitute a maximum)Net every quarter
60K DAI per quarterFor use as the CLI Community Grants fund as described above with up to 10K DAI per grant (Larger grants can be approved as per normal LEGO approval requirements)CLGs + Lido CS Contributors. The process is described in the section aboveRolled out for 2 quarters. Then it’s zeroed out and starts again
20K DAI per quarterFund for operational expenses for the Community Lifeguards.Community Lifeguard Coordinator + Lido Community Staking ContributorsNet every quarter

Vote and operations

To optimize for technical complexity LEGO will initiate Easy Track motions for subsequent transfer to CLI multisig. If this proposal is approved, the CLI will get recurring grants from LEGO with a retroactive payment for April and May.

Funds will then be sent to the CLI multisig at the beginning of every quarter, provided the committee fulfills its responsibilities. The address is 0x6faCCcE132d5C397068807Ca73883d3df198dFF4.

This is a 3/5 multisig with the following signers: Alex_L: 0x3786C091Ed68d5B58EFAE5193e54c043Bde3b8f6 Izzy: 0x783EA934d543CD1ccfd920639A7539a0BD3895e2 Dmitry: 0x992Ce4eEc8288274f60880c7770DdA265fCCe610 Aleksandra: 0x9795d01Aa9F4F80E95828049921B179fBA2Fe6b5 Enti: 0xfcfbafa0d5f5512C65DbB4C073fE4Ee6Dc3c4779

Should any significant changes to the structure and budget for the CLI be needed, a new proposal will be put forward to the DAO at least one month in advance. This contemplates budget extensions and the dismantling of the committee.