thanks for everyone’s input on this so far! please keep them coming!
These are both great points!
- With the program design, we had decided on a budget simply to set a ceiling with a narrow scope so as to get the ball rolling. The goal here is less about creating the best possible program (we know that’s impossible right now!), instead it’s to prove out that this is a method that can work effectively, especially as it expands. Everything is completely open and whatever doesn’t get used gets returned to the treasury but we want to be clear we absolutely encourage others to propose programs that better fit those specific needs.
- The compensation and grantee treasury in general are really interesting points to note, just based on what I’ve seen with grants in general. I am still working on the Ecosystem Support Program at the EF, but Greg is right, we have seen many grantees/teams struggle with treasury management, especially during market downturns. On the flipside, it’s worked out really well for some other teams! It’s an extremely important discussion to be having, but unfortunately I just don’t have great advice on how grantees should best manage their funds.
Absolutely agreed here. As mentioned above, in the short term we just want to ensure the foundations for the program are well established, but ultimately the goal is to empower a diverse group of community members to steer this program.