Non-Profit DAO can be separated to another Non-Profit DAO for some project with % funds from treasury from main one
Currently situations at Waves don’t allow or is impossible to collect some funds for non-profit projects because of lack of transparency and trust that’s why NON-PROFIT DAO will be in different way with more hard punishment that MotherDAO have
Non-Profit DAO will be aiming to fund projects that don’t have tokens in they projects (that can’t be used for trading or arbitrage for generating some type of profit for the investors..) Focus here will be to bring fresh air of developments with useful tool for the ecosystem and members.
Non Profit DAO will Include WavesDAO and MinersDAO.
Currently most of WavesDAO flow of money come from Miners (2 waves from inflation) thats why we can make part of this income to be used to fund Non-Profit DAO via WavesDAO donating some part of the inflation to Non-Profit DAO. This can only happen during new WavesDAO epoch and via voting from WavesDAO participants. Funding amount will be limited, chosed by WavesDAO participants and MinersDAO and should be happen in fasted way and when there is free slot of vesting part in inflation from MinersDAO, without creating ****inconveniences for projects who wanna apply in WavesDAO!
WavesDAO members and MinersDAO can vote for changes in whole Non-Profit DAO, even to stop it and return the fund, but not during the running epoch and cant participate in XXX project proposals in Non-Profit DAO
Projects can apply freely in the Non-Profit DAO, but need to come up with detailed plan about they project, what gonna build, how much will be cost and initial fund for whole period. Each Monthly or Quarterly ****they should ****create proposal of transferring the funds needed for next Monthly or Quarterly ****from guarantor wallet ******and this will be voted by participants in the Non-Profit DAO
Each project can apply for this funds but under some person who will be guarantor, his work is to control what is happening in they project and how fund is spending (this mean will have access to wallet that funds is transferred… multising with guarantor and project owner) this person should report to community every Monthly or Quarterly detailed reports for what they spend the funds and what they did etc… The chosed person by project should have min 10 PWR and 1k waves, putted in Non-Profit DAO of the project (possible some Miner to apply here to) The punishments for Investors and guarantor will be really hard like never before, if projects don’t bring promises by plan, Investors will be slashed based rules on MotherDAO and guarantor will lose all his PWR and Waves in the Non-profit DAO of the project, if the guarantor is some miner, he **will be punished 80% of his PWR that are staked (+Buybacked) and rewards in WavesDAO, punishment timeline will be chosed by project initial plan of process, this mean if project bring plan for 1 year and want fund for whole year, same period of time will be using for punishment timeline (this can be voted for increasing) The confiscated PWR (funds) from guarantor will be used to recover the Investment of WavesDAO and Investors from X project at Non-profit DAO. Peoples participating in Non-Profit DAO can aways vote for unsuccessful of project or proposing changes in project!
Non-Profit DAO can be separated to another Non-Profit DAO for some project with % funds from treasury from main one
This will give rights to WavesDAO participants to execute the individual DAO to some project and funds to be returned, not like current WavesDAO if 1 projects fail, this mean all participants will be slashed