<aside> 💡 WORK IN PROGRESS VERSION 0.2 — it needs input for completion and art from Chilly and any other comments and also the final links to further reading from Ross. Designer still needs to do proofing and QA.
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<aside> 💡 Articles in this series: Article #1: Introducing Yam Re-Org | Article #2 What Makes A Good DAO | Article #3: Goals of the Yam Re-Org | Article #4 The New Yam DAO Model
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Welcome to the fourth article in the Yam Re-Org series where the rubber meets the road. The first three articles chronicled the path of investigation and analysis that are consolidated in this article which provides a high-level understanding of the proposed New Yam DAO Model.
The new Yam DAO Model replaces the old core team with a novel Silo and Grants based system, where Silos are containers for contract work that gets funded via Grants. Both Silos and Grants can only come into existence when Yam token holders vote to approve them. Thus token holders are stewards of the Yam brand with end-to-end control over the general direction of the DAO, as well as specific projects the DAO funds. The new model removes the inefficient requirement for work on the DAO to be done by a core team – opening up new possibilities and greater efficiency.
Graphic: Old model vs new model — Chilly, this graphic needs work especially on the left side to emphasis the ineffective nature of that old model.
| Old Yam Core Team Model | New Yam Solo/Grants Model |
|---|---|
| The old model lacked team member accountability, consensus building and proper use of treasury funds. This lead to confusion, waste and inability to deliver projects and products that added value to Yam. | The new Yam Silo/Grants model establishes consensus upfront as token holders approve what the DAO pursues. Contractors manage their own project and deliver work to specification in order to receive payment. |
There are three main components that make up the structure of the new system. These components function as building blocks that participants interact with in order to decide what the Yam DAO does, what projects it wishes to pursue, how the work is done and how properly delivered work is compensated.
In the first step, builders and developers are able to submit a Silo Application for a particular project they wish to create. Alternately, the DAO may put out an RFP for a particular project that token holders want. Silo applications that are approved via token holder voting move to the Grants stage to obtain funding. Learn more about Silos.
The Silo recipient must then create a Specification Document and a Grant Application which is then discussed and voted on by Yam token holders in order to procure funding for their project. Once approved, the Grant recipient can begin work on the project with autonomy and freedom as long as they deliver to spec, on time and without error. Learn more about Grants.
The Gov-Ops elected council members facilitate Yam governance and coordinates the Silo and Grants process between all parties. The council members job is to assist and facilitate processes and procedures and not determine outcomes or gate-keep. Gov-Ops keeps everything at the Yam DAO running smoothly. Learn more about Gov-Ops.
Graphic: I’ve sketched the graphic and added caption text for it. I’ve also color coded the various components and participants. This color coding may be able to extend into the graphic for clarity