Meteora aims to have a DAO comprised of the most diamond handed OGs, the best ecosystem experts, and the sharpest LPs.
The goal for this proposal is to bring the best people who believe in Meteora and to make this DAO the most effective DAO in crypto. This proposal should empower DAO experts towards making meaningful contributions towards the success of the Meteora DAO and reward them with an ownership stake in Meteora not payment.
Longterm Contributors
In order to identify contributors who share a longterm belief in Meteora , we are thinking that the MET token will be distributed to DAO fully locked for max duration. This will give contributors greater DAO voting power over time.
Vesting schedule
We are thinking of a distributing token quarterly: 2024 Q1: 1% , Q2: 0.5%, Q3: 0.25%, Q4: 0.25%. However this is subject to what allocations are decided.
Allocations
The Meteora council should decide on how much token is allocated to each expert DAO contributor. Allocations will be determined retroactively based on past contributions for the quarter.
Community Review
The DAO/community will vote before every quarterly distribution on whether each contributor should receive their allocation, but, the council will have the final say on distribution. We believe this will ensure that contributions are meaningful in scope to reach the attention of the community.
Culture
Most contributors are involved in multiple projects and it’s important to hold space for great people to be able to step away and/or come back as needed. We think this can be an important attribute of the DAO to attract and harness the best people and would like to foster this value. With that in mind, we recognize that the most meaningful contributions end up being persistent at least over a period of time
Execution
The DAO will vote to allocate on the 2%, but, actual execution and distribution will be finalized by the DAO Council based on the guidelines in the proposal.
