Hello everyone! Welcome to the weekly Thursday Community Call Thread. We really want to engage our community to think and learn about new topics in these calls. Unfortunately not everyone gets a chance to attend the call and those that do don’t always get a chance to speak due to time constraints.
There is value in continuing the types of conversation we start in these calls. We don’t want the call to be the last time people engage with the topics addressed. We want to enrich your days with inspiration and open eyes to new concepts. These topics might be applicable to some of your works or spark a personal interest. It is our goal to facilitate new ideas and creative thinking through this thread.
Community Call Link: The Proposal Inverter - SCRF Community Call
This community call was a presentation by Ataberk Casur and Alp Ergin from Proposal Inverter! They have built a protocol in tandem with BlockScience and Curve Labs, funded by PrimeDAO, Token Engineering Commons and Longtail Financial. At the core, they are trying to understand the future of DAO to DAO interactions and how organizations can collaborate and communicate with each other. The idea comes from problems they faced while coordinating research from multiple organizations.
They pose the problem: people spend too much time writing proposals and looking for funding. doing this individually for every community and trying to make payments between them is too burdensome. There is no current way to coordinate different entities. Thus Proposal Inverter was born.
The team has found certain problems to be worth exploring and solving. For exmaple:
Grant funding processes are cumbersome and unproductive in both Web3 and all of academia, collectives, communities, etc. There is no platform to facilitate collaborative funding initiatives for different purposes. Currently, there is a need to hire people and sacrifice resources from valuable work in order to satisfy bureaucracy.
Hurdles are increasing as organizations need more funding but have to engage in increased reporting to investors. These investors all have different governing systems, token payments, networks, pay periods, etc… and all of this must be tracked and coordinated by the organization. There is not currently a trustless support system for projects to utilize long term and accountability is always a question for investors. This leads to repeated small periods of funding that drain resources even more
In comes Inverter
Inverter is experimenting with creating a Web3-native operators portal that brings together all the ecosystem stakeholders in a one stop platform for coordinating funding operations with reduced overhead while bringing more collaboration, circularity, transparency, and accountability to grant and ecosystem incubation programs.
What kind of alternate funding ecosystems can be made that do this?
For working groups, if you can reduce overhead, find a way to abstract accountable process in protocols, automate most of them and have the process and mind space be allocated to the work itself, you can achieve the goals aforementioned. They will enhance the user experience and generate more value from capital.
Below is the intended reallocation of time using their protocol
More on Inverter
The name Proposal Inverter comes from the idea of inverting the funder proposal relationship by streaming all funders into one common proposal. They have built a common accountability platform rather than have teams individually submit different proposals for different funders and manage them separately. This enables long term funding while having security that funds are being used appropriately and milestones being met. This is all asses in an optimistic way - having proposal managers reporting deliverables and uploading documentation at given intervals. This documentation can be viewed automatically by all investors and allows release of funds without approval each time.
If investors are unsatisfied, they can withdraw funds, but they only need to take action if this is the case.
The protocol holds essential info about work itself in addition to funds. Questions from investors can be answered within the proposal. It acts as a single source of truth document with no need to interact with governance processes. You can set compensation rates for team and the whole structure automatically. Unless there are changes to be made, there is no need to do operational work.
You can see the flow here
The principals of Proposal Inverter are how they want to see an organization and infrastructure embedded in the flow of capital itself. There is no need to create a new organizational offering or structure that is better because it is inherent.
Principals and what they mean to Proposal Inverter
Proposal Inverter’s ideas of how they can help SCRF
- How do you see this being valuable to SCRF?
- Thinking long term, would this partnership would be beneficial to you?
- How can Proposal Inverter improve?
- How might this allow us to explore other projects?
- Is this beneficial to organizations that are already successful? What new opportunities do you see Proposal Inverter giving them?
If any of these spark your interest or you have other questions / thoughts, please discuss below!
This is allowing for a discussion in its own, but please don’t hesitate to bring things from the community call in as well.