How to Format Your Proposal for Milestone Grant Payments

2.0 1inch DAO
1

How to Format Your Proposal for Milestone Grant Payments

A common question in our community is “How do I structure my proposal to include milestone-based grant payments?” This guide will walk you through the process of formatting your proposal to effectively utilize the DAO operations multisig for releasing payments as milestones are achieved.

Key Points

  1. The DAO operations multisig acts as an intermediary for releasing payments. 0x45e84e10e8E85c583C002A40007D10629EF80fAF
  2. The full grant amount is initially transferred to the OPS multisig.
  3. Payments are released as deliverables are completed according to the milestones outlined in the original proposal.
  4. Include the address that you ultimately want to recieve your funding at.

Steps to Format Your Proposal

  1. Specify the Total Grant Amount: Clearly state the total amount of the grant in your proposal.

  2. Define Milestones: Outline the specific milestones and deliverables that will trigger payments. Be as clear and specific as possible. If you proposal calls for an upfront payment, include that here.

  3. Include the OPS Multisig Address: Make sure to include the correct address for the Operations Multi-Sig in your proposal: 0x45e84e10e8E85c583C002A40007D10629EF80fAF

  4. Add the Payment Structure: Include a statement in your proposal that explains how the payments will be handled. You can use or adapt the following template:

  If this proposal passes, [TOTAL_GRANT_AMOUNT] USDC will be transferred to the Operations Multi-Sig (0x45e84e10e8E85c583C002A40007D10629EF80fAF), and subsequently paid out to [your address here] after deliverables have been submitted according to the following milestones:

  1. Milestone 1: [DESCRIPTION] - [AMOUNT] USDC
  2. Milestone 2: [DESCRIPTION] - [AMOUNT] USDC
  3. Milestone 3: [DESCRIPTION] - [AMOUNT] USDC
  1. Explain the Review Process: Optionally, you can include information about how milestone completion will be verified before payment is released.

Remember, clear communication about the payment structure and milestones will help ensure a smooth process for both the grant recipient and the DAO.

Example

Here’s an example of how the payment structure might look in a proposal:

If this proposal passes, $26,000 USDC will be transferred to the Operations Multi-Sig (0x45e84e10e8E85c583C002A40007D10629EF80fAF), and subsequently paid out to [your address here] after deliverables have been submitted according to the following milestones:

1. Initial Research and Planning: $5,000 USDC
2. Development of MVP: $10,000 USDC
3. Final Product Delivery and Documentation: $11,000 USDC

Then, when creating the Snapshot propopsal, it is important that the transaction data match what is specified.

image
image1000×685 40.9 KB

By following this format, you’ll provide clear guidance for the DAO on how and when to release funds, ensuring a transparent and efficient grant payment process.