Authors: Solarcurve, Mog, LuukDAO, Xeonus, and mkflow
Table of Contents 
I. Introduction 
II. Process for Funding Service Providers 
II.1 Domains of Operation 
II.2 Key Objectives 
III. Accountability Mechanisms 
IV. Contribution Funding Pathways 
V. Delegate System 
VI. Voting 
VII. Risk Assessment 
VIII. Specification
<h2>
<a name="i-introduction-1" href="#i-introduction-1"></a>I. Introduction</h2>
This proposal aims to outline how the funding and accountability process will work for any entity wishing to contribute to the Balancer ecosystem. To recap the journey so far, in early 2022 <a href="https://vote.balancer.fi/#/proposal/0x26bba9a2dbe293c88d7e6f1de7849a5c96f8376a7a7eac713bc5da0c35276a66">subDAO’s were formed 20</a> to give community contributors a formalized structure with clearly defined domains. More recently, the DAO has chosen to <a href="https://snapshot.org/#/balancer.eth/proposal/0x357877d9d3d121e929f66cad2349987fc658be449585f8d021319b69a3a0e620">incorporate a foundation 15</a> in order to engage with service providers who require formal contracts.
This framework aims to deliver the following benefits:
<ul>
<li>Streamlined process for funding service providers</li>
<li>Clear and decentralized accountability mechanisms</li>
<li>Creation of a delegate system to enable a transparent dialogue between proposers and large token holders</li>
</ul>
<h2>
<a name="ii-process-for-funding-service-providers-2" href="#ii-process-for-funding-service-providers-2"></a>II. Process for Funding Service Providers</h2>
A service provider (“SP”) is an entity with a budget attached to it, managed by one or more Leaders, that coordinate and pay contributors working to achieve one or more long term goals in the Balancer Ecosystem. When choosing to pursue funding as a SP or through the Grants program, a rough guideline is short term or one off engagements requiring $100k or less should go through Grants. A longer term engagement or one with a cost beyond $100k should be pursued as a SP.
To keep things simple, the terms “service provider”, “working group”, and “subDAO” are considered synonyms and interchangeable. A SP can be an incorporated legal entity or simply a loosely organized group of anonymous Balancer contributors. In order to interface with the Foundation a legal agreement is required so any SP taking advantage of the Foundation must be a legal entity or a natural person.
SP’s have an option to make their funding proposal through the Foundation. If it is made through the Foundation, the Foundation will create the funding proposal on the forum on behalf of the SP. The SP is expected to answer any community questions or concerns raised on the forum. Funding will be distributed to the Foundation’s wallet on a quarterly basis and from there distributed to the SP on a defined monthly basis. If the SP does not go through the Foundation then funding will be distributed directly to the SP on a quarterly basis.
All funding proposals must include “Domains of Operation” and “Key Objectives”.
<h3>
<a name="ii1-domains-of-operation-3" href="#ii1-domains-of-operation-3"></a>II.1 Domains of Operation</h3>
Examples of Domains might be core protocol development, partner integrations, marketing, business development, front end, community, etc. While some overlap is acceptable (multiple SP’s operating in the same Domains) it is generally not an effective use of DAO funds to have multiple marketing teams or multiple teams managing the community for example. Clearly indicating Domains of Operation and the expertise an SP brings to that Domain will reduce inefficient overlap and help to increase coordination in the event of necessary or useful overlap. Having multiple SP’s building front ends might represent a useful overlap, for example.
Each SP should make clear how they will handle record keeping and the handover of those records in the event they are offboarded. If an SP proposes to enter a domain of operation already occupied by another approved SP, the proposal should outline how they plan to coordinate efforts to avoid the DAO paying double for the same work. It is expected that the work product of each SP is made available to the community on a regular basis.
<h3>
<a name="ii2-key-objectives-4" href="#ii2-key-objectives-4"></a>II.2 Key Objectives</h3>
Key Objectives should be high level goals the SP plans to work towards and accomplish during the funding period. If appropriate, these might be broken down into a list of specific tasks. It is important that the DAO have a clear idea of what the SP is doing while also leaving enough flexibility for innovation and efficiency. Providing success metrics will also ensure the community can easily evaluate performance.
Finally, a brief overview of how the funds would be spent is the last requirement. In the event of an SP requiring additional funds before the end of the funding period a supplemental budget request can be made in the same format as a regular funding request. An estimate of the SP’s monthly spend should be included which will be used to calculate the quarterly distribution of funds.
All SP’s going through the Foundation must upload a copy of their “Service Level Agreement” or SLA to ipfs and include the link in their funding proposal.
<h2>
<a name="iii-accountability-mechanisms-5" href="#iii-accountability-mechanisms-5"></a>III. Accountability Mechanisms</h2>
We must ensure any funds disbursed from the DAO treasury are used transparently and in service of the Balancer Ecosystem. Ultimately veBAL holders are responsible for ensuring SP’s are delivering enough value to justify the cost of funding them. We propose the following rules for holding SP’s accountable:
<ul>
<li>All SP’s must hold monthly community calls in any online venue of their choosing as long as it is open to the public. Failure to hold a monthly call will prevent the Foundation or the DAO from disbursing future funds. The recordings of these community calls must stay available for at least 3 months after the community call has wrapped up.</li>
<li>In combination with the monthly community call, a monthly summary must also be created which details progress towards each “Key Objective” outlined by the SP in their funding proposal. This should be posted to Balancer’s forum in advance of the monthly community call.</li>
<li>Anyone can make a forum proposal to the DAO to stop the Foundation/DAO from disbursing future funds to the SP. Such a proposal should include: SP in question, reason to halt funding, supporting evidence, and any other comments.</li>
<li>If the vote passes, all future funding to that SP will be halted until a new funding proposal is successfully approved. If it fails, funding continues as normal.</li>
<li>There will be an internal monthly meeting with mandatory attendance by at least one representative of every actively funded SP. The goal of this meeting is to ensure all SP’s are strategically aligned across the ecosystem. Ideally each SP should keep their representative the same month to month.</li>
</ul>
Every member of Balancer’s community shares responsibility for ensuring SP’s that receive funding from the treasury are acting in the best interest of the Balancer ecosystem. The rules outlined above empower every community member to act if they feel an SP is no longer acting in that best interest. The Foundation is an agent of the DAO and must honor the outcome of any legitimate snapshot vote, subject to any applicable Laws/Acts and Regulations.
<h2>
<a name="iv-contribution-funding-pathways-6" href="#iv-contribution-funding-pathways-6"></a>IV. Contribution Funding Pathways</h2>
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<h2>
<a name="v-delegate-system-7" href="#v-delegate-system-7"></a>V. Delegate System</h2>
While anyone can initiate a proposal to stop funding a SP it is large veBAL holders who have the strongest incentive to ensure SP’s are delivering value. The creation of a delegate system will lead to a more transparent and productive dialogue between proposers and those with large voting power. We encourage anyone interested in being a delegate to present their platform to the community in the new “<a href="https://forum.balancer.fi/c/delegate-citadel/14">Delegate Citadel 8</a>” section of the forum.
<h2>
<a name="vi-voting-8" href="#vi-voting-8"></a>VI. Voting</h2>
Delegates and token holders should not vote in favor to fund or against to defund a SP that they are working for or affiliated with. Additionally, SP’s should not compensate token holders monetarily in exchange for their votes (do not bribe on funding or defunding proposals).
There will be a third voting option added to snapshot to cover the case of a SP being affiliated with many large veBAL holders and thus failing to pass a proposal to fund them because so much voting power cannot vote in good faith. For each SP funding proposal, there will be “Yes”, “No”, and “Abstain”. It is expected that delegates and any token holders with a potential conflict of interest regarding a particular SP will only vote for “Abstain” if they choose to vote at all and provide the reason for doing so.
<h2>
<a name="vii-risk-assessment-9" href="#vii-risk-assessment-9"></a>VII. Risk Assessment</h2>
There are various risks to the ecosystem that could arise from the adoption of this proposal.
<ul>
<li>A veBAL token holder might work for a SP (or the SP might have holdings of veBAL itself) and vote in favor of funding the SP despite this conflict of interest.</li>
<li>A SP might get funded and not follow through on their key objectives. With funds sent on a quarterly basis, this could result in a sizable loss of funds.</li>
<li>Balancer sees multiple SP funding requests and if all were funded this would represent an unsustainable burn rate.</li>
</ul>
The way to mitigate these risks is to foster an active and engaged community. Conflicts of interest should be declared up front to prevent any appearance of impropriety. Unknown or new SP’s might want to request a lower funding amount and/or utilize milestone based payments as a trial period. If milestone based payments are utilized they should be overseen by the Grants Service Provider. Delegates and those community members who handle management of treasury funds should speak up about the impact funding SP’s will have on the treasury - and it is a good idea for each SP to include their assessment of that impact in their proposal if they can.
The responsibility for stewarding the Balancer ecosystem towards a bright future lies with veBAL holders and delegates. We could try to create many rules to address many possible scenarios but we see value in creating a simple and flexible framework for funding all kinds of Balancer contributors.
<h2>
<a name="viii-specification-10" href="#viii-specification-10"></a>VIII. Specification</h2>
If this proposal passes, the following will be in effect:
<ul>
<li>Any future funding proposals must adhere to the guidelines as described above. Please find an <a href="https://forum.balancer.fi/t/how-to-create-a-funding-proposal/3233">example template here 18</a>.</li>
<li>The Ops subDAO will dissolve at the end of the second quarter. After salaries are paid for June, any remaining funds will be returned to the DAO Multisig. All powers held by Ops will return to veBAL governance.</li>
<li>This proposal will mark the start of a new tracking system, BIP or Balancer Improvement Proposal. When a proposal is added to snapshot it will be given a BIP number - consider this proposal to be BIP-1.</li>
</ul>

[BIP-1] Operating Framework for Balancer DAO  Authors: Solarcurve, Mog, LuukDAO, Xeonus, and mkflow  
  Table

[BIP-1] Operating Framework for Balancer DAO

Service Provider Name &amp; Overview: Balancer Community Group [BCG]
Leader(s): Andrea, ReptilePresidente, CryptoComical, JoeyWong, Danko8383, CosmeFulanito
Pledge to abide by the DAO’s <a href="https://www.notion.so/balancergrants/Code-of-Conduct-fef15e2ed1f5453f8bd56f338c70bb88">Code of Conduct 4</a>: yes
Pledge to abide by the <a href="https://www.notion.so/balancergrants/Accountability-Guidelines-229d93372403415688f8d3dc4cb964b1">Accountability Guidelines 3</a>: yes
Domains of Operation: Marketing, Growth
Length of Engagement &amp; Budget: Quarterly Basis renewable, (118,500$)
ETH Address to Receive Funds: If this proposal is accepted by the Balancer Community, the newly formed BCG will communicate, in due time, a Multisig wallet to where the requested funds should be transferred. This shall happen before the commencement of Q3 2022.
<h1>
<a name="balancer-community-group-proposal-q3-1" href="#balancer-community-group-proposal-q3-1"></a>Balancer Community Group Proposal (Q3)</h1>
The Balancer’s governance system has undergone a sudden paradigm shift moving from an organization that included different subDAOs loosely coordinated by a central entity (Ops subDAO) to an ecosystem of independent groups with clear and defined objectives and associated budgets.
The new structure presents an opportunity for all those individuals who care about the future of Balancer to rally again and form close-knit teams with the focus on the Balancer development through specific areas of expertise.
With the following, we propose to establish a “Balancer Community Group” [BCG] managed by members of the Balancer Community to explore the development of partnerships, alliances and related marketing activities.
The BCG wants to focus on the following strategic areas:
1 – First time responders: being the front door officer for all those third-party projects that intend to interface with BalancerDAO;
2 – Leverage Areas Of Strength: actively search for potential synergies between Balancer Protocol and Tier2 DeFi ecosystem players who could consider Balancer products as the best vehicle to maximise their position in the market;
3 – Community Growth and visibility: support Balancer DAO through marketing activities that include but may not be limited to social media campaigns, AMAs, promotions and events;
<h2>
<a name="tldr-2" href="#tldr-2"></a>TL;DR</h2>
<ul>
<li>[BCG] represents the DAO’s relationships, networking and strategic partnerships, helping the growth of the ecosystem through qualified members of the Balancer community.</li>
<li>Balancer DAO will be represented through its community members in events and media, as well as collaborating with third-party projects on how to engage with Balancer, building a dedicated SP team.</li>
<li>[BCG] will also actively work to attract TVL to Balancer through veBAL tokenomics (incentives and bribes).</li>
<li>Team compensation on a monthly stablecoin (or equivalent) payments.</li>
</ul>
<h2>
<a name="research-3" href="#research-3"></a>Research</h2>
<ul>
<li>Partnership subDAO</li>
</ul>
In Q1 2022, BalancerDAO voted to build a dedicated Partnership team for Q2, in order to respond to prospects and seek synergic usage of the Balancer ecosystem, in a community oriented and decentralized path forward, especially BoB (built on balancer) initiatives and veBAL partnerships.
Providing KPIs for the Partnership SubDAO proved to be a difficult task due to the nature of the position itself. However, the data that can be disclosed shows a constant effort to support projects that are close or want to work within the Balancer ecosystem.
In the first six months of its inception, the Partnership subDAO interacted with over 150 teams and projects, opened +300 tickets, participated in leads, intros, follow-ups and redirections for a total of +500 virtual meetings.
The majority of this work goes mainly unnoticed and may not be objectively measured, but regardless of its intangibility, it is a fundamental piece of the service Balancer has offered to the DeFi community. [BCG] not only intends to continue the work carried out over the past six months, but wants to bet on it, expanding the team with members who have demonstrated dedication and willingness to support the work done so far.
Although it is evident that Balancer Labs has done an excellent job in developing a network of relationships and interactions with major players (Element; Gyroscope; Fei just to name a few), we also strongly believe in the need to target the second and third tier markets. A market landscape full of talent and potential great partners.
This market, which is irregular and jagged, needs meticulous attention and a dedicated team that knows the Balancer ecosystem well but is lighter, more agile and financially “viable”.
<ul>
<li>Marketing subDAO</li>
</ul>
The Marketing subDAO was also established in Q1/2022 and carried several tasks including growing the online community, community awareness, bounty programs, and AMAs. This work has been an important part of the Balancer DAO success.
Furthermore, the first six months of operation demonstrated the importance of having representatives of the BalancerDAO community at events organized in person to demonstrate that Balancer is not only an excellent product, but also has an innovative community that has developed a self-management system, still considered at the forefront of the DeFi ecosystem today.
While our marketing effort presents an active engagement on the current market meta, the [BCG] team will also aim at the expansion and growth of both Chinese and Latam communities. These markets stand out for their rapidly growing adoption of cryptocurrency and huge unexplored potential for DeFi.
[BCG] will continue the delivery of services, providing operational consistency under a restructured and more robust organization.
<h2>
<a name="growth-blueprint-4" href="#growth-blueprint-4"></a>Growth Blueprint</h2>
Team Composition:
<ul>
<li>Andrea (Coordination);</li>
<li>Cryptocomical (Marketing, Graphic designer)</li>
<li>Reptile Presidente (Marketing, @Balancer twitter, AMA events)</li>
<li>Joey Wong (Chinese community, @Balancer_China twitter, Medium articles, and selected docs)</li>
<li>Cosme Fulanito (Latam Community, @Balancer_Esp twitter, @BalancerBrasil twitter, Medium articles and selected docs)</li>
<li>Danko8383: (Team Support)</li>
</ul>
Advisors:
<ul>
<li>Eagle (Legal attorney, Risk Assessment, LexDAO, BanklessDAO)</li>
</ul>
Workflow: [BCG] commits to build updated Standard Operating Procedures (SOP) to reduce subjective opinions and with the intent to streamline processes, built based on previous learnings and experiences on Partnership subDAO workflow. The workflow will be adapted to the new working environment and will be completed once there will be more clarity regarding all the working groups the BCG will have to interact with. This proposal may serve as a written commitment for the creation of a new workflow that integrates multiple service providers in a complementary manner.
Areas of Responsibility:
<ul>
<li>First-responders in the community to projects seeking interactions Balancer;</li>
<li>Promote Balancer products to third-party teams;</li>
<li>Active participation in media coverage (AMAs, podcasts, interviews, articles etc.);</li>
<li>Engage with Tier2 protocols and communities that can potentially be integrated into the Balancer ecosystem, especially FF (friendly forks) and BoB;</li>
<li>Research on newborn blockchain projects and connected tokens (use-cases, liquidity, tokenomics);</li>
<li>Attract and retain liquidity (TVL) through veBAL tokenomics: boosting incentives for staking, revenue distribution, liquidity incentives allocation (gauge voting system) and external incentives or cross project incentivization (bribes and related byproducts)</li>
<li>Risk assessment (first-responder shielding) through an analysis of the potential partnerships from a legal perspective;</li>
<li>Risk mitigation for the [BCG] based on contractual agreements able to limit BalancerDAO’s responsibilities;</li>
<li>Maintain media presence for increased awareness around the BalancerDAO ecosystem;</li>
<li>Improve ease of recruitment of projects and users by facilitating increased opportunities for education of the Balancer Model outside of our current ecosystem partners.</li>
<li>Growth for foreign language communities (Chinese, Spanish, Portuguese)</li>
</ul>
Other deliverables:
<ul>
<li>Educational pieces (articles, tweets, videos) on engaging with BalancerDAO relations;</li>
<li>Updates (tracker) and meeting notes for transparent follow-up and offboarding;</li>
<li>Event tracker and report (attendance, achievements, leads etc.);</li>
<li>Marketing teams support (support to Grants for Marketing focussed Grants);</li>
<li>Chinese Community marketing (social media and articles), in Chinese;</li>
<li>Latam Community marketing (social media and articles), in Spanish and Portuguese.</li>
</ul>
The Fork Factory Program:
[BCG] claims leadership on vetting new Friendly Forks proposals, given the experience of the team and the intention to leverage learnings and the valuable feedback received from the Community in the past.
The Fork Factory Program aims to become a state-of-the-art project, not only limited to support leading to forum proposals, but expanding the scope to any team seeking help and providing guidance navigating the Balancer ecosystem, from initial contact to full protocol deployment. Teams seeking the [CGU] can expect assistance on tokenomics, risk assessment, legal assistance, design, and community engagement.
Community will be invited to follow-up with Friendly Forks engagements and evaluation through presentations, RFC, proposals, AMAs etc.
Key Objectives:
<ul>
<li>To continue current service of assisting projects approaching the BalancerDAO in a timely manner;</li>
<li>Partner outcomes: leads, follow-ups, introductions to relevant Balancer ecosystem partners; (more engagement of the different communities), veBAL participants (more TVL), DAO relationships (public announcement of monthly new relationships);</li>
<li>Identify Balancer AOS and actively promote the Balancer technology;</li>
<li>Ongoing partnership follow-ups;</li>
<li>Friendly Forks follow-ups (evaluation and presentation of the teams to the BAL community).</li>
<li>Events attendance with proactive participation at events and meet-spaces (in every important event connected to crypto, the [CGU] team will provide a personal presence</li>
</ul>
Success Metrics
Partnerships:
<ul>
<li>All third-party projects are assisted in a timely manner</li>
<li>30+ ongoing partnership and FF follow-ups. Outcomes are objectively measured through: bribes, veBAL participants and DAO relationships.</li>
</ul>
Goals for Q3:
<ul>
<li>Engaging 3 (1/mo.) DAOs to partner with Balancer, migrating treasury to 80/20 pools and benefiting from LM incentives (pref. bribes)</li>
<li>Following up 5 BoB projects and reporting their merits and struggles</li>
</ul>
Marketing:
<ul>
<li>Community attendance, following Balancer’s bigger presence in major events</li>
<li>Proactive participation in online events</li>
</ul>
Goals for Q3:
<ul>
<li>Grow the Balancer DAO Twitter account to 7k followers by end of Q3</li>
<li>Hold 9 AMAs (3/mo.) on Balancer Discord</li>
<li>Sponsor 2 relevant media opportunities (irl events, newsletter, youtube, etc).</li>
</ul>
Growth
<ul>
<li>
For Chinese community:
</li>
<li>
Grow @Balancer_China twitter account to 800 followers by the end of Q3
</li>
<li>
Grow Balancer DAO YouTube account Chinese videos views to 500 in total by the end of Q3
</li>
<li>
Complete translation of <a href="https://docs.balancer.fi/">https://docs.balancer.fi/ 2</a> to Chinese
</li>
<li>
For the LATAM community:
</li>
<li>
Grow @Balancer_Esp twitter account to 300 followers by the end of Q3.
</li>
<li>
Grow @BalancerBrasil twitter account to 300 followers by the end of Q3.
</li>
<li>
Complete translation of <a href="https://docs.balancer.fi/">https://docs.balancer.fi/ 2</a> to Spanish
</li>
<li>
Complete translation of <a href="https://docs.balancer.fi/">https://docs.balancer.fi/ 2</a> to Portuguese
</li>
<li>
Sponsor 1 relevant media opportunity (irl events, newsletter, youtube, etc).
</li>
<li>
Active participation in 3 AMAs during Q3 (1/mo.) about Balancer tokenomics
</li>
<li>
Provide support to users in the Spanish channel on Discord.
</li>
</ul>
<h2>
<a name="budget-allocation-per-quarter-5" href="#budget-allocation-per-quarter-5"></a>Budget allocation per Quarter:</h2>
The [BCG] recognises the difficult market conditions and intends to have a responsible approach that could give confidence to veBAL tokenholders and serve as an example towards all the stakeholders who intend to contribute to the development of the ecosystem.
For this reason, all members of the [BCG] self-limit their compensation to a maximum of 15,000USD per quarter (or 5,000USD per month) regardless of their role, quantity or quality of the service provided.
[BCG] seeks a total (cap) allocation of $118.500 USD. This will cover Ballers compensation, advisors, digital resources (domains, digital storage etc), conference attendance (capped refunds), media sponsorship and marketing initiatives.
Team:
Ballers: $82.500 USDC or BAL equivalent
Advisors: $6K USDC or BAL equivalent
Partnership budget: 30k USDC (cap)
[BCG] will hold a budget to cover marketing opportunities and partnerships to further develop Balancer’s ecosystem and growth, as well as content creation and sponsored media coverage. Unspent budget rolls over to the next quarter. If BCG dissolves, remaining funds will be sent back to the Treasury.
Breakdown (for internal reference only)
Ballers: $82.500 USD or BAL equivalent
<ul>
<li>Andrea: 15K USDC</li>
<li>Reptile Presidente 15k USDC</li>
<li>Crypto Comical 15k USDC</li>
<li>Joey Wong 15k USDC</li>
<li>Cosme Fulanito 15k USDC</li>
<li>Danko8383 7,5k USDC</li>
</ul>
Advisors: $6K USDC
<ul>
<li>Eagle: 6k USDC</li>
</ul>

Fund Balancer Community Group [BCG] Service Provider Name &amp; Overview: Balancer Community Group [BCG] 
 Leader

Fund Balancer Community Group [BCG]

[BIP-20] Funding Proposal for Orb Collective The Balancer Foundation is pleased to share the

[BIP-20] Funding Proposal for Orb Collective

This proposal has been developed by the Balancer Foundation Working Group (LuukDAO#5294, Mog#1336, Mkflow#7938, Xeonus#4620, Solarcurve#5075)
SUMMARY
Over the last few months, a group of active community members has been evaluating the potential of establishing a Balancer Foundation. After studying ENS, dYdX, PrimeDAO and others we propose the incorporation of the Balancer Foundation. The Balancer Foundation will provide the DAO with an additional mechanism for executing work, furthering Balancer’s decentralization goals, and building resilience across the Balancer Ecosystem.
MOTIVATION
We believe the formation of the Balancer Foundation is key to furthering the vision of decentralization and creating a robust environment where many groups of people can participate.
Establishing a real world entity that is directed by the DAO provides two primary benefits:
<ol>
<li>
It allows the DAO to operate at a larger scale and engage with service providers who require formal contracts – for example, it could establish a banking relationship to pay for certain service providers that do not accept crypto.
</li>
<li>
It encourages further decentralization for the Balancer Ecosystem because this entity, at the direction of the DAO, can leverage other teams to execute work that can further the adoption of the Balancer Protocol – for example, it could engage marketing providers or website creators.
</li>
</ol>
SPECIFICATION
This proposal is created to recognize the need for a foundation and acknowledge there will be future proposals for funding this Foundation. The Balancer Foundation will act as an ‘Agent of the DAO’. The Balancer Foundation will be a Cayman Island entity.
Benefits
Establishing a Balancer Foundation will directly benefit the DAO by acting as a mechanism for the DAO to:
<ul>
<li>direct service providers for major undertakings needed by the DAO</li>
<li>build resiliency within the DAO and across the broader Balancer Ecosystem</li>
<li>interact with meatspace engagements as necessary (eg paying subscriptions)</li>
</ul>
Foundation Composition
The Balancer Foundation will be composed of a Board and a CEO for day-to-day operations. The board will be headed by a Supervisor of the Board and board members will be established representatives of the Balancer Ecosystem. The CEO and the Supervisor of the Board are to be located in Cayman.
The following people are proposed to hold these roles:
<ul>
<li>
<a href="https://www.linkedin.com/in/tristan-relly-ca-sa-b7a2941/?trk=people-guest_people_search-card">Tristan Relly 16</a>: CEO &amp; only staff member</li>
<li>
<a href="https://www.ims.ky/our-team">Sean Inggs 13</a>: Supervisor of the Board</li>
<li>Mkflow#7938: Representative of the Balancer DAO, current baller</li>
<li>Xeonus#4620: Representative of the Balancer DAO, current baller</li>
</ul>
ECOSYSTEM FOUNDATION EXAMPLES
Foundation examples already exist across multiple projects and protocols within the crypto landscape.
Some examples include:
<ul>
<li>
dYdX Foundation - “purpose is to support and grow every aspect, technical or otherwise, of the current implementation and all future implementations of the dYdX Layer 2 Protocol”. Further explanation of the Foundation’s mission can be found <a href="https://docs.dydx.community/dydx-governance/resources/dydx-foundation">here 14</a>.</li>
<li>
ENS Foundation* - is used as a tool by the DAO to have real-world representation. Description of why ENS thinks this is useful, how the foundation is structured, and what powers the DAO has over the Foundation can be read <a href="https://docs.ens.domains/v/governance/the-ens-foundation">here. 11</a>
</li>
</ul>
*IMPLEMENTATION TIMELINE
<ul>
<li>
January 2022 - The Balancer Foundation Working Group, composed of LuukDAO#5294, Mog#1336, Mkflow#7938, Xeonus#4620, Solarcurve#5075 has been established to develop this proposal, to review the Articles of Incorporation, and to ensure that the Balancer Foundation is considered and leveraged where appropriate as a mechanism for the DAO. Some examples include reviewing service provider agreements, establishing bookkeeping processes, and completing token diversification agreements when needed.
</li>
<li>
April 2022 - Legal incorporation of Balancer Foundation
<ul>
<li>Final approval of the Foundation’s Articles of Incorporation is expected in 1-2 days &amp; will be provided as an attachment on this forum post.</li>
</ul>
</li>
<li>
Q2 2022 - Funding request proposal which defines the budget and operation of the Foundation.
</li>
</ul>
VOTING
This proposal will be posted on the forum for a minimum of 5 days prior to voting. Voting will then be open on Snapshot for three days. This vote will be a single-choice vote. You may vote on the Proposal by selecting “Yes, let’s do it” or “No, this is not the way”.
Voting “Yes, let’s do it” on this proposal means:
<ul>
<li>You recognize a foundation is needed &amp; acknowledge there will be future proposals for funding.
<ul>
<li>Note that this proposal is not requesting funding.</li>
<li>This proposal is acknowledging the need for a Foundation and acknowledges that future proposals will be made for funding.</li>
</ul>
</li>
</ul>

[Proposal] Incorporation of the Balancer Foundation This proposal has been developed by the Balancer Foundation

[Proposal] Incorporation of the Balancer Foundation

What is delegation and how does it work?
Delegation is a mechanism through which veBAL holders can entrust their voting power in snapshot to one or more chosen delegates. This is done through <a href="https://snapshot.org/#/delegate/balancer.eth">snapshot’s UI 20</a>. These delegates can then vote using the veBAL power delegated to them. This voting power is only usable on snapshot - delegates cannot vote in the gauges. This is a permissonless system so anyone can delegate voting power to anyone else and they can end that delegation at any time.
<h2>
<a name="why-delegation-1" href="#why-delegation-1"></a>Why Delegation?</h2>
<h3>
<a name="token-participation-2" href="#token-participation-2"></a>Token Participation</h3>
Sometimes token holders don’t want to vote themselves, or think their vote will not “change the game” because they don’t have enough tokens. Delegation allows them to participate and have their voice heard.
Right now, ballers and people who actually make the work to achieve the goals of BalancerDAO, have not much voting power. Delegation can solve this issue.
<h3>
<a name="improved-efficiency-transparency-and-direction-3" href="#improved-efficiency-transparency-and-direction-3"></a>Improved Efficiency, Transparency and Direction</h3>
Delegation helps to reduce the communication and direction barriers that arise in the governance of a big decentralized protocol.
When you have known delegates, with a known voting power, you can allow better coordination &amp; communication between the ones who actually formulate proposals and the big voters.
This should help to better shape the desired goals &amp; direction - both long-term and short-term - and achieve them in a faster and more efficient way.
<h1>
<a name="what-it-means-to-be-a-delegate-4" href="#what-it-means-to-be-a-delegate-4"></a>What it means to be a delegate</h1>
In an effort to encourage a more transparent dialogue between large holders of veBAL and those making governance proposals we are creating a forum to connect prospective delegates with large veBAL holders. Being a delegate is open to any individual or organization and represents a commitment to engage actively in Balancer’s governance process.
Some of the expectations of a delegate include:
<ul>
<li>Read, understand, and provide feedback if necessary on governance forum posts</li>
<li>Actively vote on governance proposals and explain the thinking behind each vote</li>
<li>Have a strong understanding of Balancer’s key metrics and ecosystem</li>
</ul>
Delegates will not initially be compensated but this could change in the future.
Snapshot recently improved their delegation features by adding <a href="https://snapshot.org/#/profile/0x512fce9B07Ce64590849115EE6B32fd40eC0f5F3">user profiles 11</a>. If you’re interested in being a delegate, please make sure to set up your profile!
<h1>
<a name="publishing-your-delegate-pitch-5" href="#publishing-your-delegate-pitch-5"></a>Publishing your Delegate Pitch</h1>
Each prospective delegate will create a thread in this section of the forum. The first post should be your pitch to veBAL holders about why you would be a good delegate. Following that you are expected to update your thread each time you cast a vote and include the reasons why you voted that way. This allows a track record to be built which veBAL holders can assess.
The following is an example template but you have the freedom to be creative if you desire.
<blockquote>
Name:
Snapshot profile:
Discord username/TG username:
I have read and understood the Delegate process:
I understand that becoming a delegate is a significant commitment:
My reasons for wanting to be a delegate:
My view on <a href="https://forum.balancer.fi/t/my-vision-for-balancer-protocol/2123">Fernando’s vision 12</a> for Balancer:
My web3 interests:
Languages I speak/write:
My skills and areas of expertise:
Other web3 projects I’m involved in:
</blockquote>

Delegation Resources  What is delegation and how does it work?  
 Delegation is a mechanism through

Delegation Resources

Authored by Tristan, Sean, mkflow, and Xeonus
<h1>
<a name="summary-1" href="#summary-1"></a>Summary</h1>
As a recap, on 13 April 2022, a <a href="https://forum.balancer.fi/t/proposal-incorporation-of-the-balancer-foundation/2989">proposal 19</a> was brought to the BalancerDAO (or the “DAO”) to incorporate the Balancer Foundation (or the “Foundation”). The Foundation provides the DAO with an additional mechanism for executing work, furthering Balancer’s decentralization goals, and building resilience across the Balancer Ecosystem.
The Balancer Foundation is a traditional legal entity that is directed by the DAO. It helps create a sustainable environment where many groups of people can participate, and provides, among others, two primary benefits:
It allows the DAO to operate at a larger scale and engage with service providers who require formal contracts. In addition, for example, it intends to establish a banking relationship to pay for certain service providers that do not accept crypto.
It encourages further decentralization for the Balancer Ecosystem because this entity, at the direction of the DAO, can leverage other teams to execute work that can further the adoption of the Balancer Protocol – for example, it could engage business development or tech providers.
In short, the Balancer Foundation acts as an agent for the BalancerDAO in the structure of the traditional business world.
The Balancer Foundation operates within a formal environment (The Foundation Companies Act) in the Cayman Islands and thus brings protection and certainty that comes with formal organizations.
Running a Foundation Company comes with certain real-world costs and financial reserve requirements. These are laid out below, first in summary and then in detail for reference.
<h2>
<a name="specification-foundation-expenses-and-reserves-2" href="#specification-foundation-expenses-and-reserves-2"></a>Specification - Foundation Expenses and reserves</h2>
This proposal is created to seek funding for the Balancer Foundation for four quarters, effective April 2022 running through March 2023, and a self-insurance reserve.
<h3>
<a name="foundation-expenses-3" href="#foundation-expenses-3"></a>Foundation Expenses</h3>
The summary below reflects the proposed budget for these four quarters, to be sent in quarterly payments from the DAO. Each quarter an update will be provided via Discourse. If budget changes are requested they will go to a snapshot vote. If no changes are requested, this proposal will serve as the governing decision.
The Foundation’s fiscal year runs January to December, so April / May /June is the second quarter of fiscal year 2022, although it is the first quarter for which funding is requested.
<ol>
<li>Q2 FY22 - USDC 32,941 - actual expenses incurred through the end of May 2022 and forecast for June 2022 - immediate payment requested</li>
<li>Q3 FY22 - USDC 67,919 - for transfer 25 June 2022</li>
<li>Q4 FY22 - USDC 67,969 - for transfer 25 September 2022</li>
<li>Q1 FY23 - USDC 78,384 - for transfer 15 December 2022</li>
</ol>
The table below shows the applicable expense line items by quarter. Descriptions for each line item are included under the “Detail” section further below.
<div><a href="https://global.discourse-cdn.com/standard10/uploads/balancer/original/2X/d/df13a39860d4e425b36a81f12e6f5d0cc40f4066.jpeg"><div>
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</div></a></div>
<h3>
<a name="foundation-self-insurance-reserve-4" href="#foundation-self-insurance-reserve-4"></a>Foundation Self Insurance Reserve</h3>
As part of this proposal, we are asking BalancerDAO to hold the equivalent of US$500,000 as a self-insurance reserve, earmarked for a year and to be revisited after a year. The reserve can be maintained in BAL tokens given current market conditions, but must at all times be available to the Foundation should it be needed, and must be maintained at an equivalent value of US$500,000. More on this reserve requirement can be found in the “Detail” section below.
Note: the proposal is for funding at the Balancer Foundation level, it does not include funding for:
<ol>
<li>Balancer OpCo Limited, the British Virgin Islands (BVI) subsidiary and operating company that will house the front-end development team for BalancerDAO,</li>
<li>Other third-party service providers to the BalancerDAO, such as Orb Collective and Kolektivo Labs.</li>
</ol>
Proposals for funding these three entities will follow separately.
<h1>
<a name="eth-address-to-receive-funds-5" href="#eth-address-to-receive-funds-5"></a>ETH Address to Receive Funds:</h1>
0x3B8910F378034FD6E103Df958863e5c684072693
<h1>
<a name="detail-6" href="#detail-6"></a>Detail</h1>
For reference, please see below descriptions of the individual line items.
<h2>
<a name="annual-secretary-fee-7" href="#annual-secretary-fee-7"></a>Annual Secretary Fee</h2>
Under Cayman Law, a foundation company must at all times have a secretary who is a ‘qualified person’ (i.e. a person licensed or permitted under the Companies Management Act to provide company management services). The secretary has a duty to ensure that the company complies with applicable Cayman Islands legislation governing anti-money laundering and counter-terrorism financing.
Neither the secretary fee nor the registered office fee includes the preparation of minutes and resolutions. The Foundation will prepare these for typical matters but might seek assistance from Campbells if complex matters arise.
These fees are due in January each year.
<h2>
<a name="registered-office-and-registrar-of-companies-fees-via-campbells-corporate-services-cayman-8" href="#registered-office-and-registrar-of-companies-fees-via-campbells-corporate-services-cayman-8"></a>Registered Office and Registrar of Companies fees (via Campbells Corporate Services Cayman)</h2>
Annual registered office and registrar fee – US$2,915.12, which consists of:
<ul>
<li>
Registered Office fee of US$ 1,495.00
</li>
<li>
Beneficial Ownership Reporting and Register Maintenance Fee of US$225.00
</li>
<li>
Economic Substance Notification Fee of US$125.00
</li>
<li>
Registrar Annual Return Fee of US$853.66
</li>
<li>
Supplementary Registered Office License Fee of US$91.46
</li>
<li>
Sundry Disbursements of US$125.00
</li>
</ul>
Includes:
<ul>
<li>
providing the registered office and registered agent
</li>
<li>
maintaining the statutory registers
</li>
<li>
preparation and submission of annual returns
</li>
<li>
filing economic substance notifications
</li>
<li>
maintaining the UBO register and reporting on the same
</li>
</ul>
These fees are due in January each year.
<h2>
<a name="additional-campbells-corporate-services-costs-9" href="#additional-campbells-corporate-services-costs-9"></a>Additional Campbells Corporate Services costs</h2>
Any legal advice that may be requested from time to time will be charged on a time spent basis. Any additional corporate requests (for example, requests for certificates, certified documents, updates to registers, filing changes, mail forward, etc – these are all in addition to the annual fees) will also be charged separately.
<h2>
<a name="governancesupervisory-services-10" href="#governancesupervisory-services-10"></a>Governance/Supervisory Services</h2>
<h3>
<a name="non-executive-director-and-supervisor-responsibilities-11" href="#non-executive-director-and-supervisor-responsibilities-11"></a>Non-Executive Director and Supervisor Responsibilities</h3>
Under the Foundation Companies Act, 2017 and the Memorandum and Articles of Association of the Balancer Foundation, the Foundation is required at all times to have at least one Supervisor who is able and willing to supervise the management of the Foundation Company.
“Supervisor”, for a foundation company, means a person, other than a member, who under the foundation company’s constitution has an unconditional right to attend and vote at general meetings, whether or not the person has supervisory powers or duties.
The non-executive director responsibilities are:
<ul>
<li>To act as the Chairperson for the purposes of board meetings (to the extent the other board members do not wish to have this rotated to them), to delegate matters to the company secretary, and to ensure appropriate board packs and documents are prepared by the secretary or relevant Foundation officers or employees or contractors</li>
<li>To act as the Supervisor for the Foundation and to carry out the tasks of the Supervisor under the articles of association of the Foundation</li>
<li>To work with the wider board of directors to:
<ul>
<li>set the direction for the foundation and its business with the board of directors;</li>
<li>set an agenda for board meetings;</li>
<li>further the growth of the Balancer DAO as appropriate</li>
</ul>
</li>
<li>Along with other board members to select and remove directors where appropriate</li>
<li>Along with other board members, oversee efforts to support and grow the Balancer ecosystem including seeking funding and setting budgets, establishing the Foundation’s efforts to further its mission</li>
<li>Along with other board members, oversee the Foundation CEO, the Foundation and the BVI subsidiary</li>
<li>Where necessary to execute contracts and agreements for the Foundation and BVI Subsidiary with or in the stead of the executive director</li>
<li>Set the tone to involve the Balancer ecosystem in developing long-range programs to support and increase all types of contributions to Balancer projects</li>
<li>Set the tone to harmonize the ecosystem working with the board, the service providers, and projects and adjacent foundations to find opportunities to collaborate and reduce confusion.</li>
</ul>
<h3>
<a name="community-board-member-duties-12" href="#community-board-member-duties-12"></a>Community Board Member duties</h3>
The Directors have ultimate responsibility for the management of the Foundation. In particular, the Director’s responsibilities will include:
<ul>
<li>
complying with all reasonable requests, instructions and regulations made or given by the Board (or by any duly authorized committee thereof) and give to the Board such explanations, information, and assistance the Board may reasonably require
</li>
<li>
attending all meetings of the Board in person or by video/phone; provided that the dates of such meetings have been communicated to the Director by the Company or its corporate secretary, as applicable, with reasonable advance notice; and provided further that the Director may not be able to attend a meeting due to illness or incapacity or any other reasonable circumstances;
</li>
<li>
bringing independent judgment to bear on issues of the DAO, strategy, policy, resources, performance, and regulatory matters;
</li>
<li>
providing advice and direction on all matters affecting the Company, including, but not limited to, adherence to terms set forth in the Articles;
</li>
<li>
planning, developing, and enhancing the future strategic direction of the DAO
</li>
<li>
sharing responsibility with the other director(s) of the Company for the effective management of the Company
</li>
</ul>
<h3>
<a name="ceomanagement-duties-13" href="#ceomanagement-duties-13"></a>CEO/Management duties</h3>
The Chief Executive Officer (“CEO”) is responsible for the day-to-day management of the Foundation, which includes the following roles:
<ol>
<li>Liaising with the board on all budgets, project proposals, and matters particularly as it relates to service providers including the BVI subsidiary</li>
</ol>
<ul>
<li>Reporting to the board in a timely manner on all matters of importance including financial status, funding projections, policy setting, planning, program operations, employee matters, and the long-term health of the ecosystem.</li>
<li>Providing adequate materials and analysis to assist the board in making decisions on all matters of importance.</li>
</ul>
<ol>
<li>Manage Finances and Service Providers</li>
</ol>
<ul>
<li>Overseeing all financial management of the Foundation, including budgets for Board approval, grant, and funding administration required by either the Foundation or other supporters. Possessing thorough knowledge of all funding sources and required records.</li>
<li>Maintaining and adapting the organizational structure and systems capable of meeting the needs of the Foundation in carrying out its mission.</li>
<li>Overseeing BVI subsidiary operations including staff and logins as needed (Twitter, GitHub, Discord). Contracts with BVI for service providers.</li>
<li>Setting up and administering the Foundation’s bank account</li>
<li>Setting up and managing token custodian</li>
</ul>
<ol>
<li>Involving the board, ecosystem participants, service provider staff as needed in developing organizational goals, a strategic plan, and projections for supporting the Balancer mission through service providers (Orb Collective Inc and BVI subsidiary) and the community.</li>
</ol>
<ul>
<li>Overseeing vendors &amp; others involved in actively seeking software and product developments and funds as needed.</li>
<li>Ensuring that the Balancer projects delegated to service providers and the ecosystem have clear objectives that are within the scope of the resources and mission of the Foundation.</li>
<li>Overseeing the gathering, analysis, and reporting of data illustrating the work accomplished by service providers to manage performance and deliverables</li>
<li>Reviewing program evaluation results and developing and executing strategies for continual improvement.</li>
</ul>
<ol>
<li>Compliance</li>
</ol>
<ul>
<li>Responsible for all necessary filings, responses to inquiries, management of AML Compliance vendor, and other Cayman Foundation compliance and risk-related matters</li>
</ul>
<ol>
<li>and such other services reasonably related thereto as may be requested by the Foundation.</li>
</ol>
<h2>
<a name="legal-counsel-14" href="#legal-counsel-14"></a>Legal Counsel</h2>
The Foundation may from time to time require advice on matters of Cayman law. It is hard to estimate this cost as it could vary considerably depending on the item. We have inserted a placeholder for each quarter. For clarity, this refers to the legal team rather than the corporate services team.
<h2>
<a name="self-insurance-15" href="#self-insurance-15"></a>Self Insurance</h2>
It is typical for an organization to obtain insurance to protect itself against the legal, regulatory and operational risks, as well as to protect the directors and officers from personal liability for carrying out their duties. We have not seen reasonable insurance for organizations of this nature in the market, hence the need to self-insure.
We are asking for $500,000 based on the costs of defending Balancer in the event of a regulatory inquiry, class action or other lawsuit or vulnerability to the ecosystem. The self-insurance is based on recent DeFi matters within the last 12 months which have cost on average $100,000 monthly to defend. It is important to note, that we have excluded any reserve for payment of damages, fines, or impact on users.
Since this is a reserve and not an expense, the Directors may assess in the future that a lower reserve amount becomes sufficient and propose changes to the DAO. We are asking that the DAO bookmarks these funds to hold for self-insurance.
<h2>
<a name="bank-fees-16" href="#bank-fees-16"></a>Bank Fees</h2>
The Foundation is working to establish a bank relationship that we are advised could take approximately 6-8 weeks once the application is complete and submitted. This line item is an estimate/placeholder for monthly fees
<h2>
<a name="accounting-software-17" href="#accounting-software-17"></a>Accounting Software</h2>
Estimate for monthly software subscription fees.
<h2>
<a name="domain-hosting-email-document-management-solution-18" href="#domain-hosting-email-document-management-solution-18"></a>Domain hosting, email document management solution</h2>
Minor operating budget to cover the above and related items.

[BIP-14] Funding Proposal for the Balancer Foundation  Authored by Tristan, Sean, mkflow, and Xeonus

[BIP-14] Funding Proposal for the Balancer Foundation

This is a proposal authored by the Ops SubDAO - specifically Solarcurve, Mog, and mkflow.
A community call is scheduled for January 26th at 12pm EST in Balancer’s discord to discuss this proposal and answer any questions
Motivation
After the successful passing of the recent <a href="https://snapshot.org/#/balancer.eth/proposal/0x26bba9a2dbe293c88d7e6f1de7849a5c96f8376a7a7eac713bc5da0c35276a66">proposal 7</a> to formalize the organization structure of Balancer DAO, each subDAO has hit the ground running in their respective areas. Beyond that, working groups like “Community Dev” also continue to be hard at work in service of the broader DAO.
This proposal is intended to outline the expected budget for Balancer DAO for the first quarter 2022. Please see a breakdown of compensation for February <a href="https://www.notion.so/balancergrants/5f9e713ac0c740b5bf57e778afad1599?v=150f8cdf222e4c9cb35a6200d0466159">here 21</a>. Ops will take a very active role in ensuring compensation accurately reflects contribution efforts for all DAO participants so it is possible for changes to occur at any time. For the purposes of this proposal, we will estimate March compensation to be the same as February. For January, Grants subDAO is covered on their compensation from their previous funding proposal. The January total reflects compensation funding needs excluding Grants.
5,900 BAL for January + 6,800 BAL for February * 2 = 19,500 BAL total expected compensation.
Note that we will be running a DAO-wide Coordinape circle during February and March with an allocation of 2,000 BAL per month. This cost has graciously been offered as a gift from Fernando to the DAO, which we are very grateful for.
Excluding compensation, please see a breakdown of the expected budget for Balancer DAO for he first quarter <a href="https://balancergrants.notion.site/6ac72778504b4d6cad0541b3006e5b45?v=7d4a0ca953b54e5d889ce9fe15ae0a33">here 17</a>. Ops will ensure an accurate record is kept of any disbursements - this will be presented as part of the next budget proposal so that token holders can make a more informed decision about the effectiveness of the DAO’s expenditures. A certain amount of good faith is required for now since there is not much of a record to judge currently.
2,605 BAL for Q1 DAO Budget (excluding compensation)
Specification
Ops will always custody compensation funds to ensure that we can fulfill our mandate and to alleviate the administrative burden from the rest of the DAO. Ops also has the option to custody general budget funds as well. Given that the budget requests are relatively small, the expense of creating new multisigs for each subDao and paying gas costs is not economical. Thus, Ops will custody both compensation and general budget funds for the first quarter.
If this proposal is approved, a transaction will be initiated from the DAO Multisig (0x10A19e7eE7d7F8a52822f6817de8ea18204F2e4f) to send 22,105 BAL to the Ops Multisig (0x166f54F44F271407f24AA1BE415a730035637325)
<div><div><ul><li> Yes</li><li> No</li></ul></div><div><div><div>9voters</div></div><ul></ul></div><div>Results</div></div>

Fund Balancer DAO for Q1 2022  This is a proposal authored by the Ops SubDAO

Fund Balancer DAO for Q1 2022

Leader(s): LuukDAO
Pledge to abide by the DAO’s Code of Conduct (or link to your own): We pledge to abide by the Balancer DAO’s Code of Conduct.
Pledge to abide by the Accountability Guidelines: We pledge to abide by the Accountability Guidelines set forward by Balancer DAO.
Domains of Operation: DAOops, Business Development, Design
Length of Engagement &amp; Budget: 6-month engagement with a total budget of 108,000 USDC for 4 fixed contributors (1.8 FTEs) and on-demand support with potential vests up to 9,130 BAL depending on milestones accomplished by the team.
ETH Address to Receive Funds: 0x5D82fA4F29fB22A9ed9E64E1c9C36873EE4D93bA
Link to SLA (if going through the Foundation): TBD
<a href="https://docs.google.com/document/d/1RD6qCptGcbQxEuClTwPV72B_vMWqEbaOvTtrjsyD5a8/edit?usp=sharing">Link to the gDocs version of the Proposal 3</a>
Call for Collaboration 
We’ve attempted to coordinate closely with Ballers and potential service providers, including Orb Collective and Daoism systems. We are 100% committed to turning Balancer into a synergistic ecosystem. We invite any ecosystem stakeholders who want to align vision and workflow to engage with us. Let’s continue to develop the Balancer Ecosystem into a thriving ecosystem.
Introduction 
The BalancerDAO has seen steady development over the past 9 months and is now in the transition to becoming a full-fledged DAO managing the Balancer Ecosystem.
To support this ongoing transition, we propose creating the Ecosystem Ops and Development Workstream consisting of three different squads (DAOops, Ecosystem Development, and Content Creation) with the primary aim to streamline ecosystem efforts, BalancerDAO assets, and process over the next 6 months to allow BalancerDAO to establish a strategic roadmap and scale towards it in the years to come.
The contribution group consists of Ballers and Kolektivo Labs members who have all been exposed to BalancerDAO and the wider-DAO space for a longer time as specified in the contributor breakdown further in the proposal. We aim to combine our knowledge, network, and efforts to help develop the Balancer Ecosystem towards becoming the most used AMM.
For Q3 and Q4 - we aim to focus primarily on internal alignment within the BalancerDAO ecosystem by collaborating closely with other SPs to enhance the effectiveness of the Balancer Ecosystem as a whole.
Objectives and KPIs per Focus Area (Squad)
<div>
<table>
<thead>
<tr>
<th>Focus Area</th>
<th>Objectives</th>
<th>Success Criteria</th>
</tr>
</thead>
<tbody>
<tr>
<td>DAOops</td>
<td>- Improve and maintain the BalancerDAO workspace and resources.</td>
<td>* Successfully manage Notion, gSuite and other accounts related to Balancer.Community and Balancer DAO for the full proposal period. Managed by up-time of workspace.</td>
</tr>
<tr>
<td>- Establish a streamlined process for issuing and managing @balancer.community domains and access to contributors’ resources.</td>
<td>* Create clear guidelines and effective processes for issuing and revoking @balancer community emails by the end of Q3</td>
<td></td>
</tr>
<tr>
<td>Ecosystem Development</td>
<td>* Establish a shared CRM with Orb Collective and potential other Balancer DAO Ecosystem Teams.</td>
<td>* Establish a shared database for tracking different connections in the Balancer Ecosystem. Measured by an effective solution existing by end of Q3.</td>
</tr>
<tr>
<td>* Establish different funnels for potential integrations &amp; partners</td>
<td>* Establish funnels that directly lead to the correct groups depending on their ask. Success will be measured by the effectiveness of the funnels.</td>
<td></td>
</tr>
<tr>
<td>* Host a monthly Ecosystem Development Session where Team Leads and contributors can gather, share updates, and discuss.</td>
<td>* Plan, host, and document 6 Ecosystem Development Sessions and digest the outcomes to make ecosystemic suggestions.</td>
<td></td>
</tr>
<tr>
<td></td>
<td>* Create a map of the Balancer ecosystem</td>
<td>* Create an overview and visualization that can be easily shared and digested that showcases the entirety of the Balancer Ecosystem</td>
</tr>
<tr>
<td>Design</td>
<td>* Support the creation and maintenance of the re-worked Balancer brand guidelines</td>
<td>* Create and distribute Balancer brand assets. Measured by the ease of finding the right Balancer brand assets.</td>
</tr>
<tr>
<td></td>
<td>* Create template assets to be used by the Balancer Ecosystem</td>
<td>* Develop templates that can be used by at least 2 ecosystem members to easily create Balancer visuals. Measured by having a clear template set by end of Q3.</td>
</tr>
<tr>
<td></td>
<td>* Create marketing assets using the Balancer brand guides</td>
<td>* Ensure design needs are met timely and in line with Brand assets. Measured by timely delivery of marketing assets.</td>
</tr>
</tbody>
</table>
</div>Team 
Ecosystem Ops and Development Workstream combines Ballers and Kolektivo Labs Contributors. A total of 4 people will be contributing a fixed amount of time for the full duration of the proposal - estimated in Full Time (40 hrs) equivalents measured of a monthly timeframe for 1.8 FTEs.
Fixed Contributors
<ul>
<li>Senior Ecosystem Developer &amp; DAOops (Luuk) - 0.3 FTE</li>
<li>Business Developer (Will) - 0.5 FTE</li>
<li>Senior Graphic Designer (Jaap) - 0.4 FTE</li>
<li>Graphic Designer (CryptoComical) - 0.6 FTE</li>
</ul>
Contributor Backgrounds 
Kolektivo Labs: An experienced Web 3.0 collective with about 25 contributors and offices in The Hague, Lisbon, and Switzerland. Has with and for DAOs for the past three years. Are actively contributing to PrimeDAO, DAOhaus, The DAOist, Kolektivo, and BalancerDAO. Will be responsible for streamlining contributor rewards and project management.
Contributors to this proposal
Luuk: Senior Ecosystem Developer with over four years of work experience in the DAO space. He started his journey contributing to DAOstack and is now mainly involved in PrimeDAO, Kolektivo, and Balancer. Has a background as a DeFi fund manager and a wide network in the ImpactDAO space.
Will: Strategic Consultant and project manager who has contributed to Symmetric Finance as Ecosystem Builder. Has a strong connection with the Gnosis ecosystem and understanding of the Balancer technology.
Jaap: Senior Graphic designer with 1.5+ years of experience making DeFi Applications and Web 3.0 Brand Assets. Has worked on The DAOist, DAOhaus, PrimeDAO, dHedge, and more.
CryptoComical: Designer who has contributed to BalancerDAO for the past half-year.
Budget
<div>
<table>
<thead>
<tr>
<th>Initiatives</th>
<th>Description</th>
<th>Monthly Budget</th>
<th>Quarterly Budget</th>
<th>Total Budget</th>
</tr>
</thead>
<tbody>
<tr>
<td>Ecosystem Development</td>
<td>0.8 FTE equivalent of contributors will be supporting Ecosystem Development.</td>
<td>$ 7,000</td>
<td>$ 21,000</td>
<td>$42,000</td>
</tr>
<tr>
<td>Design</td>
<td>1 FTE equivalent of contributors will research, create and design assets for Balancer.</td>
<td>$ 7,000</td>
<td>$21,000</td>
<td>$42,000</td>
</tr>
<tr>
<td>Expenses</td>
<td>Buffer for costs accrued by Workstream contributors related to BalancerDAO works - such as Gas costs, travel expenses, and Legal &amp; Accounting support. This also covers the costs of operating and maintaining all subscriptions.</td>
<td>$ 4,000</td>
<td>$ 12,000</td>
<td>$ 24,000</td>
</tr>
<tr>
<td>TOTAL USDC</td>
<td></td>
<td>$21,000</td>
<td>$63,000</td>
<td>$108,000</td>
</tr>
<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>Bal Vests for Fixed Contributors equal to 50% of fixed rewards.</td>
<td>Description</td>
<td>Amount in BAL</td>
<td>USD value at current spot</td>
<td>Milestone</td>
</tr>
<tr>
<td>Start proposal (20%)</td>
<td>1825</td>
<td>$8,400</td>
<td>At the start of Proposal</td>
<td></td>
</tr>
<tr>
<td>First tranch unlock (30%)</td>
<td>2740</td>
<td>$12,600</td>
<td>When 4 out of 9 Successes Reached</td>
<td></td>
</tr>
<tr>
<td>Second tranch unlock (30%)</td>
<td>2740</td>
<td>$12,600</td>
<td>When 6 out of 9 Successes Reached</td>
<td></td>
</tr>
<tr>
<td>Final tranch unlock (20%)</td>
<td>1825</td>
<td>$8,400</td>
<td>When 8 out of 9 Successes Reached</td>
<td></td>
</tr>
<tr>
<td>TOTAL</td>
<td>9,130</td>
<td>$42,000</td>
<td></td>
<td></td>
</tr>
</tbody>
</table>
</div>veBAL rewards based on Success 
An important part of this proposal is the desire of all contributors to align with Balancer for the longer term. To align incentives between contributors and lower the USD asks, a series of veBAL incentives are proposed as part of this Proposal for the fixed contributors of this proposal (1.8 FTEs).
<ul>
<li>
The veBAL incentives will be issued based on the milestones accomplished by the Ecosystem Ops and Development Workstream and will be matched with 25% WETH from the contributors’ own resources and locked by each individual for the full ve duration (1-year).
</li>
<li>
The BAL vests are valued in absolute BAL numbers and will be distributed to fixed contributors pro-rata based on their fixed rewards.
</li>
<li>
The value of the vest is taken by multiplying the fixed income times 0.50.
</li>
<li>
The group will submit Milestones to the Foundation based on completion. The Foundation will confirm whether Milestones are met or not and will do the payout.
</li>
</ul>
Iterative Proposal Process 
The initial proposal of the Ecosystem Ops and Development Workstream aims to follow an iterative proposal process where we absorb learnings in the coming months and actively support BalancerDAO in creating a multi-year ecosystem strategy that will allow us to shape up a value-aligned proposal for the full-year of 2023.
We will be documenting learnings and publishing it to the wider community, similar to the process we followed in the Grants Sub-DAO.