Hello Safe friends,
First of all, I would like to say that I love that blog post !! While reading it I had lots of flashbacks regarding the discussion while we are developing Inverter. Inverter is a funding tool that aims to increase accountability and transparency while reducing administrative effort.
The mechanism of Inverter embraces a very similar approach that this proposal suggests for fund management.
Inverter embraces milestone-based funding. Such that, while creating a proposal, the working team has to set milestones and deliverables. Each milestone will have a budget and duration. The milestone budget amount will only start streaming to the working team once they provide the Proof of Completion document.
As you have stated, “Without established KPIs or accountability, both contributors and funded projects lack clear goals and metrics to work towards.”
One of the novel solutions that Inverter brought here is that the “approval” process of the proof of work document is based on an optimistic approach. Unless there is a disagreement with the document, the document will be redeemed as satisfactory. However, if the community is not satisfied with the provided proof of completion document, they can interrupt streaming and withdraw their funds anytime. This allows a built-in accountability mechanism that does not require many approvals on each milestone which involves lots of bureaucratic work but still protects funders from under delivery of work.
One may be concerned that in DAO daily work activities, it is hard to perfectly define milestones with objective outcomes or there may be under deliveries due to external reasons, etc. However, the idea behind providing proof of deliverable completion documents is to maintain the consent of your funder, not complete all the promises without any compromise. For example, the writing guild may promise to provide 3 articles this month but publish 2. However, if the community believes that those 2 articles were very good and satisfied with their performance. All they need to do is not withdraw their funds, which signals that they are satisfied with the provided work.
Also, inside Inverter, communities can provide feedback on proof of deliverable reports. This may be a suggestion for future reports or a request for a new report or any sort of feedback. That way working teams will have constant pulse checks.
I believe one of the most important value add that Inverter can provide Safe DAO is the organization dashboard that it provides. Inverter provides an organizational dashboard that funding programs can see and get notified about
- Who is already funding this proposal
- Who is contributing to this proposal
- Public discussions about the proposal in community forums
- The proposal’s target funding goal
- Established Milestones and Deliverables
- Proof of Deliverable Completion reports
- Feedbacks on Proof of Deliverable Completion reports from funder
Being able to navigate this important information for many proposals would help SAFE DAO to have a more transparent and easy time to manage its funding activities.
I am looking forward to hearing your opinion. I believe there is a very interesting value alignmentthere. I would love to invite the Safe community to be one of the early tester of the product in our close beta launch. We would love to have a user interview with Safe DAO members to improve our product based on your needs !!
Here you can check some documentation about Inverter:
Product Doc (Work in Progress): Introduction to Inverter - Inverter Network-Docs (WIP)
Latest Blog Post: The birth of Inverter Network, Team and Feature Updates- Part 2 — Inverter Network