📌 New Submission Guidelines

I posted my coverage of the new SIP guidelines. It ended up being a long episode to go over the new process. I cover the SIP guideline webpage, compare the old process to the new process, and I do a dry rehearsal of the new Typeform.

Here is the video, and beneath it are the highlights:

  1. the guide to promote a SIP
  • Looks really well made. Nicely done! It’s filled with lots of valuable tips.
  1. “Before starting the submission, ensure you have posted in “SIP Idea”, and the DAO team has invited you to submit your SIP.”
  • What must be met to receive an invitation?
  1. “The DAO team reviews it”
  • How long does this step last?
  • Do comments need to be resolved here or at step #4?
  1. “Review all comments & refine SIP”
  • How long does this step last?
  1. “SIP submissions have to fall under one of the following categories.”
  • Of the 9 budget categories on the Dashboard, 5 are listed in the new SIP Guidelines. Could you please clarify what will happen to the 8.1M $SAND budgets for the 4 categories not listed?
  • Will the SIPs already submitted be allowed to continue in the same process?
  1. “We guarantee 70% of the requested budget”
  • Could you please clarify what this means? I had a really hard time figuring out how to apply the math.
  • Recommendation: change “SIP Draft” to “SIP Active” instead of Draft to account for FX volatility of 30-day period of discussion + voting period. The 7d range via CoinGecko and CoinMarketCap can exceed financial commitment to no fault of the SIP author.
  1. “To manage excessive FX volatility, we cap our financial commitment at 110% of the requested budget in USD”
  • Recommendation: Change to 150% for Tier 1, 115% for Tier 2, 110% for Tier 3. 110% of 50K is 55K, which is a very small flexibility afforded FX volatility.
  1. “SIP that do not comply with international regulations and local laws.”
  • If a SIP author from France were to submit a proposal, which country regulations and laws apply to them? France? The Cayman Islands where the Sandbox DAO Foundation is incorporated? Elsewhere?
  1. Recommended changes I saw in the Typeform when going through it