Voting Record: https://snapshot.org/#/lexgrant.eth

get $LxGrntCrd!

Why? Be part of a fun institutional DAO localism experiment, gain credibility when you make grant requests and with the DAO in general, maybe get some work for membership hours knocked off.

Active rewards are listed at https://github.com/lexDAO/Grants/tree/main/rewards .

You do not need to be a LexDAO member to qualify.

how to request a reward

Go to our "credKali" instance at https://app.kali.gg/daos/42161/0x03d5222ef39dfeefd68e0a1bc22811cee618db7c/propose .

Fill out the Title and Details like so:

Title	Details
request a reward	https://github.com/lexDAO/Grants/blob/main/README.md

Then click on Apps.

Then click on Record Off-Chain Activities.

Fill out the Name, Document and Tag like so:

Be sure to switch to 'all files' if the open file window is set to 'pdf' only.

Name	Document	Tag
use the eligible activity's title	attach the Document as described by the eligible activity's instructions	LxGrntCrd

The result should look something like this:

Here's an example of a Document:

This Document example is for the evergreen reward https://hackmd.io/Es5rhJuAR7-ZriTRAU1FIQ#share-an-idea-for-a-LxGrntCrd-reward-that-we-decide-to-include-as-a-reward .

Once done, email the URL link to the proposal to [email protected]. We'll respond to you via your email.

If you have questions, email [email protected] .

what

Inspired by https://thankarb.com/seasons/49?utm_campaign=GG20 , LexDAO Grants Committee is offering '$LxGrntCrd' reward points for contributions to LexGrants!

Please send your $LxGrntCrd reward request to our credKali at https://app.kali.gg/daos/42161/0x03d5222ef39dfeefd68e0a1bc22811cee618db7c/propose and notify [email protected] that you've done it.

We'll decide later how $LxGrntCrd will be honored or how it'll be redeemed, but $LxGrntCrd will likely include redemption for a max percentage of total hours contributed to work for membership. Please note that if you do not honor this attestation, we migth have to shut down the experiment via our at least 52% at all times majority:

• "I promise not to trade $LxGrntCrd with another person unless a proposal passes in this credKali that allows me to do so; I acknowledge that lexgrants.eth might toggle $LxGrntCrd back to non-transferable if I break my promise not to trade $LxGrntCrd."

You do not need to be a LexDAO member to qualify.

Here's a screenshot of thankarb:

Here's a screenshot of our $LxGrntCrd credKali system:

https://arbiscan.io/address/0x03d5222ef39dfeefd68e0a1bc22811cee618db7c

This is an ETH localism fast-turnaround experiment (constitutional). It's specifically about localism in DAOs (instutional), though ETH localism in general is also about local DAOs (extitutional). The vanishing point set is constitute( institute( constitute( ... ) ) , extitute( constitute( ... ) ) ) .

decipher tip

We can extract the attestation with an LLM such as https://magictool.ai/tool/hex-to-text-converter/.

https://content.wrappr.wtf/ipfs/QmbZStMZH2MwFCjn768NSaKTyAv6CJ667mhbLFGFNRQrBF

https://content.wrappr.wtf/ipfs/QmNuaJC8v1BsvVCT2jmzbQqMj3jt4qyYDAfDomVfNi8DYb

token supply control system

LexDAO Grants will always retain at least 52% of the supply at all times.

In other words, only 48% of supply can be in circulation.

So, with our current fixed supply of 1,000,000 tokens, a maximum of less than 520,000 tokens can enter circulation.

Our requirement is over 50%, but Kali defaults to at least 52%.

We put 0.1 ETH in the $LxGrntCrd treasury to show how the Redemption mechanism could be used in the future, but the choice to allow that will be in LexDAO's sole discretion because, in part, we will always retain at least 52% of the supply.

grant request process

Please reach out to [email protected] if you would like to request a grant.

Currently, we are only approving grants requested by LexDAO members or nonprofit business-to-business. Our priorities are eventually net positive cash flow for LexDAO opportunities focued on:

• measuring and storytelling LexDAO's impact, with a flywheel included (invest in the Grants Committee)
• members hosting events or representing LexDAO at events, with a flywheel included (invest in generating the Events Committee)
• expanding our media and media distribution, with a flywheel included (invest in the Comms Committee)

That means a grant should land in one of these three TYPE_investment tags:

1. report_investment if it helps tell LexDAO's impact story
2. event_investment if it involves LexDAO hosting events or LexDAO members attending events
3. promote_investment if it helps distribute LexDAO opportunities such as our events, publications and offshoot products or services

If your grant is approved, it'll go through this process:

• after working with you on it, your request will be published by us at https://github.com/lexDAO/Grants/tree/main/request
• our response will be published at https://github.com/lexDAO/Grants/tree/main/response
• the outcome will be published at https://github.com/lexDAO/Grants/tree/main/outcome

Most grants that get to the published Github request stage are approved, but not all. The ones that aren't approved still receive reasons about why we made the decision.

charter

Our current spend without asking the DAO for permission is a maximum of $2000/month .

Ratified at https://snapshot.org/#/lexdao.eth/proposal/0xc4385c150de0d216acb3c89179ced53917144c207fa040ed81ae7ff83bfb1008 .