[RFC] - Wonderland Organizational Structure


[RFC] - Wonderland Organizational Structure




Scope

The scope of this proposal is the define an official structure for Wonderland as well as create the positions required to maintain the protocol running smoothly.

Link to previous [DAO Discussion]

[DAO Discussion] - Wonderland Organizational Structure

Objective:

This proposal aims to implement a management structure by creating a Management Team with clearly defined positions and duties. The goal of this initiative is to make Wonderland’s workload and responsibilities more transparent and efficient.

Moreover, this proposal opens up the possibility of rewarding the community and volunteers for their contribution without creating fixed positions for them.

  • Yes, implement the structure
  • Yes, with modifications
  • Make No Changes

0 voters

High Level Overview

This proposal will define the following items:

  • High level organizational structure
  • Proposed Management Team structure/roles
  • Officially define the Treasury Council
  • Impact of the current changes

Provide Low Level Details

Organizational Structure

  • DAO: Ultimate decision maker setting the guidelines and vision for the protocol to operate.
  • Management Team: The Management Team is composed of key positions that ensure the stability and proper operation of the protocol on a daily basis. Management Team members are elected by the DAO and are responsible for carrying out the DAO’s vision.
  • Treasury Team: The Treasury Team includes any position that is focus on investing the treasury (e. g. Treasury Operators). Investments proposed should meet the DAO’s guidelines/risk limits.
  • Treasury Council: The Treasury Council is made up of knowledgeable community members that vote on proposed strategies.
  • Multisig: The multisig executes the transactions voted on by the Treasury Council. WIP #21 has elected the current multisig members.

Proposed management positions

It is believed Wonderland would benefit from the proposed structure by having a Management Team of 6 committed and trustworthy members, to ensure the protocol is well-managed and efficiently operated at all times executing the DAO´s will.

Structure and terms:

  • Members of the Management Team should be long-standing members of the community who have demonstrated a continuous commitment and regular involvement over a period of at least three months.
  • Every six months, all management team members should be reviewed by the DAO.
    • Each member is reviewed individually, through a special forum thread with a poll. In the event that the poll results show less than 70% support, a snapshot vote will be conducted.
  • If their work is deemed unsatisfactory, management team members can be removed from their positions through the governance processes or by voluntary resignation.
    • Upon removal any open spot shall be temporarily covered equally by the other team members, until a new person is voted in.

It is proposed to place some of the currently elected officials for half a term in the positions described below, with the first evaluation scheduled after 3 months to continue the current transition.

Communications Officer - Alice in Wonderland • @AliceInWonderland

The Communication Officer serves as the face of the DAO. They are generally responsible for managing and handling communications in both directions. They are involved in various activities such as communications, PR, social media, and events.

Responsibilities

  • Deprecate the Senior Moderator position and assume its responsibilities.
  • Correspondence and communication with external parties for any non-treasury related topic.
  • Maintaining Wonderland’s social media presence and ensuring the security of the accounts.
  • Planning and organizing regular AMAs and community events to boost brand awareness.
  • Providing regular updates to the community and managing community issues.
  • When necessary, provide factual information to reduce FUD.
  • Managing the Snapshot account and publishing votes.
  • Marketing of educational content on all platforms
  • In charge of holding, securing, managing, and distributing the budget of the Team. *Âą
  • Yes, implement a Communication Officer
  • Yes, with modifications
  • Make No Changes

0 voters

Operations Officer - Queen of Hearts • @Bamchicka

The Operations Officer ensures that all operations are documented in detail, conducted efficiently, and with the utmost transparency. Provides support to all departments to ensure that they are working together effectively and assures the authenticity and relevance of all information before reaching out to the community and overseeing the protocol’s councils.

Responsibilities

  • Collect key information from all departments and make it available to relevant parties as necessary.
  • Ensure that transactions posted to Multisig have been executed and retain all related documentation.
  • Provide support to other departments as required, such as governance research, communications support, and technical testing.
  • Provide easy-to-use materials for the communications department so that the communications team and moderators remain informed at all times.
  • Participate in all external communications with third parties for the purpose of documenting and disseminating information. Provide transparent info to the Communications Officer, for DAO transparency.
  • Ensure that workflow and information flow are established, both within and outside the Team.
  • Verification of information before communication material is officially published.
  • Feedback from the community is collected and relayed to the appropriate departments.
  • Monitoring of the Treasury Council, relay results/info to applicable departments.
  • Keep track of internal work, document it, and organize departments’ collaboration efforts, when necessary, while ensuring deadlines are met.
  • Ensure proper steps are taken once legal advice is received to ensure legal compliance and reduce liability.
  • Yes, implement an Operation Officer
  • Yes, with modifications
  • Make No Changes

0 voters

Technical Officer - Cheshire Cat • @Catalyst

The Technical Officer is responsible for the maintenance and improvement of the protocol’s platforms. Furthermore, they ensure that all relevant technical information is properly documented and available for review by the DAO.

Responsibilities

  • Maintaining Wonderland Tech, improving it, and adding new features as necessary.
  • Ensure that Wonderland’s smart contracts are functioning properly.
  • Creating and maintaining bots for Discord.
  • Improvements to the security of Discord and dApp.
  • Ensure that routine technical tasks are completed in a timely manner.
  • Community feedback is implemented.
  • Ensure that all token statistics are displayed on an up-to-date dashboard in accordance with Treasury Council guidelines.

This further enhances WIP #24 by adding a Technical Officer role, responsible for managing Wonderland’s technical aspects. Additionally, they would be responsible for the funding allocated for maintaining Wonderland sites and underlying IT, up to a maximum of $10,000 per month. Please refer to WIP for more information.

The allocation will reimburse any costs incurred prior to this vote for maintaining the backend.

  • Yes, implement a Technical Officer
  • Yes, with modifications
  • Make No Changes

0 voters

Governance Officer - Timekeeper • @NalX

The Governance Officer is responsible to enforce the DAO’s frameworks and ensure the proper documentation of the DAO’s vision, roles, votes, etc. They shall ensure that the DAO members have the tools necessary to engage in the governance process.

Responsibilities

  • Monitoring the progress of governance proposals.
  • Analyzing proposals for conflicts, risks, and compliance with previous DAO decisions.
  • Following a vote by the DAO, ensure that official documents are amended as necessary.
  • The provision of insight regarding the compliance of the internal strategy with the DAO code.
  • Ensure that the governance framework, voted policies, and legal requirements are adhered to.
  • Contribute to the development of proposals by the team and community.
  • Managing the Wonderland Forum as an administrator, including pins, moderation, and structure.
  • Lead governance discussion and promote engagement.
  • Ensure the legal aspects of the DAO are taken into consideration and professional opinions considered.
    • Until a formal legal budget is allocated, if legal advice is required for the DAO governance aspects, the required expenses will be voted on by the Council. Upon receipt of this approval, the DAO will be notified within 48 hours when applicable.
    • All costs for legal consults will be covered by the treasury and included in the treasury report.
  • Yes, implement a Governance Officer
  • Yes, with modifications
  • Make No Changes

0 voters

Financial Officer - Caterpillar • @ruian

The Financial Officer is responsible for the organization of repeatable tasks (e.g. claiming rewards, monitoring farm, etc) in the absence of prior standardized DAO decisions or enforcing said decisions when applicable.

In addition, they are the main point of contact for external requests/offers such as venture capital investments, listing and partnerships. To ensure a smooth flow of information and risk management, they must maintain close communication with the Risk Officer and Operations Officer.

Responsibilities

  • Point of contact for negotiations with 3rd parties, such as OTC deals, investment conditions, partnerships, etc.
  • Organization and management of deployed strategies and their profitability according to DAO guidelines, protocol owned liquidity pools, rewards claims and Wonderland’s farm.
  • Providing assistance to the newly elected members in developing strategies.
  • Creates monthly Treasury Performance reports to ensure holders are provided necessary insights into the effectiveness of the protocol.
  • Review performance of elected treasury team members and monitor trading rewards.
  • Help coordinate redemptions.
  • Assist is assessing community proposed strategies for risks and conflicts.
  • Work with the Risk Officer to help the DAO establish proper guidelines/risk limits.

In order to qualify for the Financial Officer position, candidates must possess a comprehensive understanding of the protocol, as well as a general understanding of DeFi. Prior to applying for this position, an interview with the Risk Officer is requested, to ensure that the position is filled as efficiently and effectively as possible.

This ensures the execution of the DAO´s guidelines and treasury deployment based on the wishes of the collective will.

  • Yes, implement a Financial Officer
  • Yes, with modifications
  • Make No Changes

0 voters

It is believed these positions are required to properly ensures the execution of the DAO´s vision and wishes of the collective will.

Compensation

It is proposed that the DAO works towards standardizing necessary positions and keeping costs reasonable, yet rewarding those who step forward and help the protocol on a daily basis.

The level of commitment and trust required for each of the positions is the same. It is also necessary that all positions work together in order for the protocol to function effectively. Thus, equal compensation for all Management Team members is proposed.

These are full-time positions that require daily activity. Each Management Team member is proposed to receive 0.25 wMEMO for every 30 days of service, 50% payable in stables, based on market price, upon request. Management Team members are not eligible for trade rewards.

This would incur the DAO an additional expense of 1.25 wMEMO monthly / 15 wMEMO yearly for a management team of 5 members. It is recommended that wMEMO puchased through buybacks are used to facilitate payment.

Treasury Council - Red Guards:

A council of 5 voting members is to be implemented. Formed by 5 long standing and DeFi knowledgeable community members. The Operations Officer monitors and documents the votes and ensures the information is forwarded to all applicable positions.

Council members shall be voted on each quarter via open call letter and evaluated by the Risk Officer for DeFi knowledge and potential bias - if this proposal is implemented, current council members will continue to occupy the positions until the first formal council election vote, without extra compensation.

If not enough community members present themselves for council spots it will be filled up with Team and elected members, based on knowledge levels and evaluated by the Risk Officer.

Council members may propose strategies if applicable, but need to abstain from the voting process for self-proposed strategies. An elected member will fill their place temporarily.

Any proposed profit bearing strategy to be voted on should include, at minimum:

  • Project name & official links
  • A summary of the due diligence done
  • Risk assessment and profitability estimation

Contrary to what was initially voted in WIP #22, the Risk Officer will now identify and share with the Treasury Council the risks associated with each strategy prior to the council’s vote, when necessary, rather than evaluating the strategy after the council’s vote.

Council members should receive compensation in the form of 0.2 wMEMO per quarter, for their time, support and service, not applicable for Management Team members or other salary receiving elected positions.

This would incur the DAO an additional expense of 1 wMEMO quarterly / 4 wMEMO yearly for a treasury council of 5 members when no other elected team members are part of the council.

Consequences of the Structure Changes to existing elected member Team and their allocation

The current elected Team members who are not proposed for one of the management positions will remain in their current roles. They will concentrate primarily on their community support responsibilities and other duties, such as being members of the current Treasury Council, until a DAO votes on a revised formation for the council.

The previously elected team which served as Moderation Team will be reduced and will be responsible for community engagement. A maximum monthly compensation of three thousand USDC (3,000) per team member (based on equal work) is proposed. The previously allocated budget will remain the same at twenty-five thousand USDC (25,000) monthly. The newly available portion of the allocation can then be utilized for community building, events, and rewarding exceptional community service.

This change will allow more flexibility to reward community members that contribute, without the need for a proposal to have specific community members elected to be rewarded. Everyone will be encouraged to participate as a result.

Members of the Management Team may moderate, but are not required to do so and are ineligible to receive a share of this allocation.

*Âą This budget will remain at the discretion of the Communications Officer role.

Business and/or technical requirements of the implementation of the proposal

There is no special requirement to implement this proposal.

5 Likes

My name is The Ferengi and I support these positions!

6 Likes

As with every poll - if you vote modifications, please comment on your ideas. Otherwise we can’t know what exact modification is wanted 🥹

1 Like

This is very well done! an important step to take moving forward! long live wonderland!

2 Likes

Wow BCM commented finally :slight_smile:

3 Likes

The payments in wmemo need some tweaks. If wmemo 3x say to 75k then everyone on team got 3x pay raise this wouldn’t be reasonable nor fair to the dao.

1 Like

I mean, idk that I would bring fairness into it as the team may or may not have directly contributed to that 3x, but also holders would 3x their bags.

That said how do we keep that “reasonable” other than having the need for the DAO to request a revision? Obviously this could be done at anytime, but what kind of tweaks did you have in minds ?

Re-evaluate at each term ? Are we looking at having a max ? Maybe a min ? If the price goes down, should the amount of wMEMO increase ?

The goal of using wMEMO was to try and align incentives. The better the team performance, the better the protocol runs and potentially the better the wMEMO price/salary. I’ve never been a big fan of payment in protocol tokens, but it does have some advantages in this sense.

1 Like

I think a fixed dollar amount in wmemo or stables so both upside and downside in price is defended and compensation is a known amount. We shouldn’t put ourselves in a position where what should be monthly budgetary expenses aren’t known and at the same time have elected officials not know their real salary because it’s tied to wmemo percentage not an actual dollar amount.

So what would that amount be ?

Don’t think that being paid in wMEMO creates an unknown expense. If so, we already have this problem with the Treasury Officers. Their salary being wMEMO + a percentage of returns. While the expense would not be exact in dollar amount, it would be known that X amount of wMEMO is begin paid out and should be able to calculate within reasonable expectations unless there is a big pump/dump. Same logic applies for elected official knowing their salaries.

Plus, the wMEMO bought at this price could pay for wMEMO being paid at a much higher price so the expanse is not necessarily the market price or w/e at the time it is being paid. Obviously, it could go the other way also. wMEMO bought at a high price could be paid out at a lower price in time.

Since wmemo has a fluctuating value the real cost moving forward in dollars is technically unknown. Additionally by using buybacks to pay team you are putting more wmemo in circulation which in turn dilutes holders backing. The mod team has a fixed salary of 3k in this proposal so for consistency it would seem to me the other positions should have a salary indicated in real dollars as well. Clearly i would think someone had a dollar amount in mind when this proposal was drafted/discussed internally but reflected it in wmemo. I could throw out a number but I think those trying to fill these roles should do that. If they choose not to I can.

Consistency could also be used for wMEMO given the TOs. Change the senior mods/comm officer allocation to wMEMO instead of stables.

As for an expected amount, it was simply based on the TOs getting a certain amount of wMEMO plus a percentage. Given that these position don’t get a percentage, the amount of wMEMO was increased. There was no salary in mind. wMEMO was also considered for the incentives aligned with the protocol. Something a salary in stables would not have.

As for the backing, paying a salary in stables also reduces the backing amount as money from the treasury is used. By using buybacks, at least you are getting it undervalued.

I support this.

Additional Input:

Would like to have a well-rounded treasury council with experience in other areas in not only Defi. Although WL is not a fund it should be treated like one. For example:

TC EXPERIENCE:

Previous or current experience VC, Institutional investments in web2/web3, trading/management of at least 7 figures in assets like crypto/stocks/fx.

TC’s main objective is to grow the treasury through ROI of deployed capital, attract new interest in WL, and buyers/holders.

I don’t care how it’s paid then but there needs to be a direct correlation in USD
For example payment to each management team member shall be $6,750 monthly payable in either wmemo or 50% in stables upon request. Should I have shot lower?? :joy:

Would you base it on market price, liquid backing or full backing ?

Based on my example with the monthly fee being $6,750 If they want it in wmemo then how about
we add the market price, liquid price and full price and divide by 3 to get an average price?

1 Like

Topic has been approved for WIP: