Fund a Pool in 1Hive Gardens v2 to reimburse contributor expenses

Proposal Information

Proposal description:
This proposal is requesting 333.89 HNY, to be swapped for treasury tokens with a treasury redemption totaling $2,000. Tokens will be sent to a Funding Pool in the 1Hive community on Gardens v2 dedicated to reimbursing contributors for expenses made out of pocket for paid subscriptions and services like web hosting, domains, build environments, social media accounts, and IPFS.

Treasury redemption calculation:

Total Value of Treasury: $362,407
Total Supply of HNY: 60,470
Redemption value of Honey: $5.99

Proposal Rationale
Gardens v2’s modular setup allows for multiple Conviction Voting instances, each with custom governance parameters, all linked to the same Covenant. This flexibility enables us to create dedicated pools for specific purposes, while allowing community members to participate without fragmenting their governance weight.

This proposal would be the first to fund a pool on Gardens v2. Since the platform is new and unaudited, experimenting with a small amount of money like this will help us refine its use. Currently, our approach to reimbursing small expenses from the Common Pool is not great. This pool gives us a better solution compared to streaming proposals, which aren’t suited for handling small, one-off expenses.

Expected duration or delivery date (if applicable):
2 weeks.

Team Information (For Funding Proposals)

1Hive’s Council Safe

Funding Information (For Funding Proposals)

Amount of HNY requested: 333.89

Ethereum address where funds shall be transferred:
0xc6c2E9EFB898A42DB4137B07b727b45e0C353d81

More detailed description of how funds will be handled and used:
$2,000 in treasury tokens will be sent to a funding pool to be created in 1Hive’s v2 community, and the HNY from this proposal will be sent back to the Common Pool.

1 Like

Proposed settings for Funding Pool:

Funding Token: sDAI
Voting Weight System: Quadratic
Pool Voting Protection: AllowList - Citizen’s Registry proposals with >1% pool weight conviction
Collateral to create proposal: 10 xDAI
Collateral to create dispute: 10 xDAI
Ruling time: 7 days
Default Abstain resolution: Approve
Tribunal: Global (Gardens Safe)
Spending Limit: 20%
Minimum Conviction: 5%
Conviction Growth: 7 days
Minimum Threshold Points: 10