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Road to L2: Phase 2 & 3 - Determination of chain and legal options #188

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ECWireless opened this issue Sep 8, 2024 · 3 comments
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@ECWireless
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ECWireless commented Sep 8, 2024

Project Idea

The goals and reasoning behind the entirety of "Road to L2" can be found in the Phase 1 RIP. For phase 2, we will focus on 3 specific subgoals:

  1. Determine if Optimism is actually the right chain for us
  2. Determine our best legal options for entity formation (likely a non-profit entity)
  3. Keep communication on this RIP open with all members

Since Phase 1 began, the RaidGuild network has honed in on stronger sense of its day-to-day purpose (thanks in part to a Deep Work workshop): the guild's job is to facilitate a network of web3 freelancers that use our tools and brand. A contribution to RaidGuild is an act that improves the freelancing experience of everyone in the network. Therefore, the way we should think about this phase's first 2 subgoals is by framing it with the question, "does this facilitate the network?" Does being on Optimism make it easier for members to get invoices paid? Does a non-profit structure properly incentivize long-term membership, or is a for-profit structure better? Does a formal legal structure slow down raid formation, or does it speed it up? Do members really want built-in liability when they do a raid? All questions should be oriented towards whether or not a decision makes it easier to freelance in our network.

Given the number of other questions this framing opens up, this phase will run for 1.5 months be broken up into 2 steps:

  1. Exploration
  2. Honing

Throughout this phase, we will ensure open communication with all members. Starting early-October, we will hold weekly meetings (which will be open to all members) to discuss our first 2 subgoals, and during every RoundTable, we will give a small report on what we discussed, and any reasoning behind certain decisions. As is natural with DAOs, there is a risk of "death by committee" with this kind of process. To counter this, RoundTable reports will be short, followed by short, time-capped discussion. But for anyone who seriously wants to address a topic, the place to do that is during the separate meeting specifically for this RIP. To stress a point made in the Phase 1 RIP: this new DAO is not a migration; it is a tool for any member to use who wants to be able to interface with the legal world.. If members don't feel this is necessary, this RIP should be closed.

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@ECWireless @scottrepreneur @boucherbox

Summary

As mentioned above this phase will last 1.5 months, and be split into Exploration and Honing steps.

Step 1 - Exploration (10/3-10/24)

  • Every week, we will check if a new raid escrow has been created on Optimism
    • We will track feedback on how the both the Cleric and client feel about the experience of Optimism vs Gnosis invoices
  • For the first week, we will collect any must haves and can't haves for a legal entity
    • This will be done on the 10/3 during the RoundTable
  • For the first week, we will record what our "ideal legal entity" looks like
  • For legal options, every meeting in Exploration (besides the first) must involve the presentation of at least 2 new legal option
    • Details of the presentations must be recorded by a scribe
    • If there are no presentations pre-planned, the meeting will be cancelled
  • For the final week, we will discuss which options fit our "ideal legal entity" the best
  • For the final week, we will begin searching for a legal expert to consult with

Step 2 - Honing (10/25-11/21)

  • We must hire a legal expert to attend at least 1 meeting with us by 10/31
    • Ideally, this would be scheduled for a meeting between 10/31 and 11/14
  • Every meeting after 10/24 (besides any meetings with a legal expert), we must have at least 1 legal option argument presented
    • An argument should present a full scenario of how the guild would function with a given legal option
    • If there is no argument pre-planned, the meeting will be cancelled
  • By 11/21, the results of our exploration and honing must be organized by a scribe for posterity
  • On 11/21, our determination on Optimism and best legal options will be presented at the RoundTable
    • We must also present an argument for what we think is the best option

Why should the guild fund this?

To stress again: this phase is not about initiating a DAO migration; it is about adding a tool for members to interface with the legal world. It is our opinion that while all members of the Gnosis DAO are supporting this now, it is likely that most RaidGuild revenue will be passed through the Optimism DAO within 2 years. On top of this, it is likely that the Optimism DAO will eventually be supporting tools like DungeonMaster and Smart Escrow more than the Gnosis DAO.

After this phase, there are 2 remaining phases planned before the legal entity is formed:
4. Plan Non-profit Structure and Onboarding Plan
5. Determine Top Priorities for "the Future of Work as DAOs"

These phases will likely last as long as this RIP, and cost as much. But after that, the legal entity should be formed, leaving all future work on the Optimism DAO to be paid for by the Optimism DAO.

Raid Party Skills Needed

  • Scribe (can change each week)
  • Presenters (at least 7; 4 to present legal options, and 3 to argue in favor for a legal option)
  • Someone who speaks lawyer, or is connected with a firm that can provide legal consultation 😛

Cost (in USD)

  • Scribe: $400 ($50 per meeting)
  • Presenters: $700 (split evenly between all presenters)
  • Consultation fees: $200-$1,000 (any unused money will be returned to the treasury)

$1,300 - $2,100

Payouts

Since the scribe and presenter payments amount to only $1,100, this will be paid via cookies from the CookieJar, while the consultation fee will be paid to the consultant directly from the Gnosis DAO treasury (or from the Optimism DAO, if legally necessary). This RIP requires $1,100 to be sent to the CookieJar and earmarked for scribes and presenters.

@ECWireless ECWireless added the draft Still finalizing the proposal label Sep 8, 2024
@github-project-automation github-project-automation bot moved this to Proposed in RIP Requests Sep 8, 2024
@boucherbox
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In addition to the reasons why the guild should fund this. Any tool subscriptions for the guild could be paid via a corporate card? Although this might not work if the entities are supposed to be entirely separate

@ECWireless ECWireless changed the title [DRAFT] Road to L2: Phase 2 & 3 - Determination of chain and legal options Road to L2: Phase 2 & 3 - Determination of chain and legal options Sep 24, 2024
@ECWireless ECWireless added proposal and removed draft Still finalizing the proposal labels Sep 24, 2024
@ECWireless
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@coffee-crusher has a contact at MIDAO for potential consultation help

@ECWireless
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