<aside> 💡 WORK IN PROGRESS. Currently this is simply a copy and paste from Bruces’ page here: https://yam.super.site/databases/projects-2/a-clearer-path-for-yam
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The Yam Re-Org concerns itself with three main questions: Who makes decisions? How can consensus function efficiently? How can real value be created?
Yam began, in part, as an experiment in decentralized government. Yet Yam had difficulty making decisions while also remaining appropriately decentralized. The problem emanated from Yam’s startup culture where decision making was largely controlled by the ‘core team’. This condition fragmented the Yam community and created unclear divisions of responsibility and control between the ‘core team’ and the ‘token holders’.
Decision Making Objective: Give token holders complete control to decide what Yam does, what it funds and how it operates.
Decision Making Solution: Token holders will utilize existing governance systems for making major decision such as what to fund and what to build. Decisions to fund a project or initiative is based exclusively on a system of grant proposals, that, when properly submitted, can be voted on by the token holders. If the grant proposal is approved, a ‘Silo’ is formed as a container for the work to be performed within. The Silo framework transfers control and all project based decision making over to the team members of the Silo. The Silo team must hit milestones and deliverables as described in the funded grant proposal. If not, the payment of funds can be withheld.
open participation and will significantly improves efficient consensus building at many levels — while lowering the burden of doing so.
Participation / Value Creation Objective: Create an open grants based …
Participation / Value Creation Solution: fdsfdsfsf