Proposal “DashWatchRenewal“ (Closed)Back
|Title:||Dash Watch Renewal May 2018|
|Monthly amount:||141 DASH (28725 USD)|
|Completed payments:||3 totaling in 423 DASH (0 month remaining)|
|Payment start/end:||2018-04-18 / 2018-07-17 (added on 2018-04-24)|
|Votes:||756 Yes / 234 No / 6 Abstain|
Pre-proposal Link: https://www.dash.org/forum/threads/dash-watch-renewal-pre-proposal-april-15-2018.36411/
What we’ve accomplished so far:
- Website http://dashwatch.org built tracking all funded proposals since beginning of the DAO with over 20 metrics, multiple views, and advanced filtering
- Calendar/Timeline of all funded proposals and their respective milestones and events (editable by proposers upon sign-up)
- Globe showing location of all funded proposals
- Monthly research, outreach, and communication with all active proposals
- Reports issued monthly on all active proposals in PDF format
Summary of things to come:
- Twitter and Email Alerts to masternodes and community when there is important news from any proposal instead of only once a month in our reports
- Video Report Summaries (starting a trial now at the end of April, if desired, could be expanded to cover all of our reports)
- Executive Update Summary at the top of our reports for masternodes who don't have time to read entire reports but would like a quick run down of how things are going (starting a trial now at the end of April, if desired could be expanded to cover all of our reports)
- A tracking system for each proposal's inidividual deliverables, milestones, and events built into website with the budget, schedule, and status for each (deliverable, milestone, or event) shown (upcoming)
With this proposal, we are seeking funding for continued development and improvement of the Dash Watch platform, as well as ongoing funding for the communication, reporting, research and verification team. Since we first submitted our proposal in November, we significantly expanded the scope to include monthly follow-up with proposal owners and reports on all ongoing proposals. In February this included over 40 monthly reports and in March this entailed 65 reports on those who responded to us and several of those who did not. In most cases, this required researching the proposal, posing customized questions, back-and-forth correspondence, and individualized report writing. We release our reports three days before each voting cycle closes to maximize their utility and relevance. With continued funding we plan on developing and deploying a more rigorous deliverable tracking method for all proposals, creating report summaries in video form in addition to our PDFs, as well as on-camera video interviews of select proposal owners that opt to give the community a more in-depth look at what they are doing, as well as implementing a new landing page with statistics, charts/graphs relating to approved proposals.
Our reporting team is composed of four and soon-to-be five highly-skilled college educated individuals, one full-time developer, and a few part-time research and data verification and entry personnel. The added scope of this proposal has required additional individuals to help collect, manage and organize all the data that is gathered. It will be our continued responsibility to actively seek the most accurate, relevant, and up-to-date information on all ongoing proposals.
About Team Dash Watch
@paragon on Discord - Project Manager
Reporting Team’s Shared Discord Account @DashWatchTeam (#5277) on Discord
Alex L/@dash-Al (#0877) on Discord
Gethen J /@GJacobs123 (#5867) on Discord
Peyton R/@PeytonDw (#0877) on Discord
Matthijs B @MattDash *#6481) on Discord
Research, Data Verification and Entry
Elizabeth G /@Serendipity#59022 on Discord
Most members of Dash Watch are readily available on Discord for community members and proposal owners. Alternatively, you can email us at email@example.com or message us on the forum at DashWatchTeam.
What are we proposing to do?
Dash Watch will continue to collect and publish proposal performance metrics and proposal updates. In order to keep the community as fully up-to-date as possible while also keeping us as efficient as possible, we are making use of our brand-new pre-formatted logic-based survey questionnaire this month to make life easier for proposal owners. Going forward we will aim to more clearly ascertain and map out milestones and deliverables for proposals along with their respective dates and costs at the start to more effectively track proposal fulfillment over its lifetime. We would like this new system to be implemented into our website as well. We will implement our new improved landing page with proposal charts/graphs, and statistics. We also will release brief video summaries of select reports for those who prefer audiovisual content. Another goal is to begin carrying out regular on-camera interviews with some of the proposals that the community would like us to engage with to provide a more in-depth look at certain proposals’ progress and the people behind them.
We have significantly increased the scope of our project since the original proposal was created. Initially, Dash Watch promised a functioning website that tracked and displayed proposal metrics for proposals starting from February 2017 as well as a proposal calendar and milestone tracker. We have added coverage of all approved proposals since the treasury’s inception and added monthly proposal reports for all ongoing proposals along with an all-inclusive proposal map and an upcoming proposal statistics/graphs page. This month we plan to start implementing proposal summary videos, proposal owner interviews, more comprehensive reports for bigger-budget proposals, and potential integrations with other Dash projects that create synergy such as Dash Boost or Dash Nexus.
Dash Watch publishes monthly reports that outline fundamental aspects of a proposal’s progress.
Our reports include the following:
- Financial Information - including proposal expenditures, remaining budget, budget changes
- Milestones/Deliverables - a clear list of what milestones or deliverables have been accomplished since the last report or the beginning of the proposal
- Challenges/Hurdles - outlines challenges that the proposal has faced currently as well as anticipated challenges
- Future plans - outlines the proposal’s plans for the upcoming months
- Any additional news or information the proposal would like to share with the community
- We also include an executive summary for community members that are limited on time and want a summary of the report.
We are continuously iterating on our reporting system balancing both the time constraints proposal owners face while at the same time still acquiring and providing the necessary information to keep the community updated on all aspects of a proposal. We continue to work on our report format and information gathering model and welcome feedback from both the community and proposal owners on how this system can be improved to add additional value.
We have created a worldwide map of where proposals have been or are currently being carried out, it can be found here: https://dashwatch.org/map
We have created a calendar that outlines key proposal events or milestones, it can be found here: https://dashwatch.org/calendar
Proposal Statistics Graphs/Charts
We’re developing a new homepage page to illustrate general proposal statistics, categorizations, and trends. Beta site: http://dash-charts-11-apr.surge.sh/
Starting in April, Dash Watch will begin creating short videos for selected large impact proposals (~10 proposals a month). These videos will be produced by the reporting team as an additional measure to engage the community by utilizing a different medium to convey content. We will create a YouTube playlist so that proposal report summary videos can be seamlessly streamed back-to-back.
We also have plans to schedule more in-depth interviews with proposal owners and publish these in a video format. We hope that this will increase proposal owner participation and buy-in. At the same time, the community will benefit from the interview being carried out by a reporting team member who has full knowledge of the happenings in that particular proposal.
Cooperation with Escrow Services
We’ve realized that Dash Watch has some overlap with some of the services that escrow agents provide. We are tracking and reporting on the same milestones and budget the escrow agents do. We believe it would significantly cut down on some of the escrow agent’s work if they let us help with the process. We are happy to work with any and all escrow agents in following up and keeping in contact with proposal owners. This will be a complementary added service of Dash Watch for any escrow provider that would like to offload the responsibility of milestone tracking.
Twitter and Email Alerts to masternodes and community members
We want to make sure we relay the latest information we learn to masternodes and community members within as short a time frame as possible
Deliverable, Milestone, and Event Tracking for each proposal which breaks down the scope, schedule, and status for each deliverable, milestone and event (upcoming)
This will provide a quicker way to stay up-to-date on all the components of any single proposal negating the previous need to always have read the initial proposal text, all of its updates, or reports in order to be fully aware of how well a proposal is progressing
Increased Reporting for Targeted Proposals
To ensure we return the most value to the network, Dash Watch’s monthly reports will go into even greater detail on proposals which compose the largest amount of the budget. We will more thoroughly cover deliverables, budget, and schedule. We’ve heard and seen the community feedback regarding several big projects lately - the community wants to see more detail on the larger proposals and we will accommodate.
Community Engagement and Support
Dash Watch maintains constant lines of communication with proposal owners to ensure we have the most up-to-date information. We are readily available to proposal owners and the community through email (firstname.lastname@example.org), discord (@DashWatchTeam @paragon or @dash-Al), and forum (DashWatchTeam).
- Database containing all approved proposals, their details, and performance metrics (continued)
- Web application to view proposal data and progress with advanced filtering and tagging ability (continued)
- Fully built database and web application displaying proposal status along with objective metrics (continued)
- Monthly published proposal reports (new with Executive Update Summary (first trial iteration just released)
- Monthly proposal update summary videos on community-requested proposals (upcoming trial just released)
- Monthly audio/video interviews with community-requested proposal owners (new)
- Growing statistics page with various data surrounding the treasury system (new)
- Twitter and Email Alerts to masternodes about any important facts discovered (upcoming)
- Deliverable, Milestone, and Event Tracking system built into website for each proposal with each proposal's budget, status, and schedule shown (upcoming)
- Reports - ~90% of active proposals’ reports will be posted at least three days before voting for the cycle closes. This gives time for MNOs to look through reports for any proposals they may be concerned about for continued funding. A select few reports may not be posted until after voting closes because their project has been completed and thus do not need continued voting.
- Report Summaries on Video Trial Completed by end of May
- On-Camera Video Interviews by our reporting team of community-selected proposers by end of May
- Metrics, Map, Calendar - updated on a daily basis
- Proposal Owner and Community engagement - we are in daily contact with proposal owners
- Twitter and Email Alerts for masternodes and community members to ensure each proposal's most important latest news is made known (Completed by End of May)
- Deliverable, Milestone, and Event tracking system to hold each proposal to greater account (Starting in May will take several months to finish and get all information input)
- Dash Watch Communication, Analysis, Reporting, and Video Creation Team: which includes a minimum of 4-5 full-time highly-skilled, college-educated team members ~ 34k/month
- Dash Watch Development 10k/month (1 full-time developer 60$/hr)
- Dash Watch Research, Verification, and Data Entry 5k/month
- Video Editing 1.5k/month
- Project Management 6k/month
- Accounting, Legal, Tax Administrative Costs 3k/month
- 20% Cushion as a depreciation hedge, or to cover unforeseen costs, and or onboarding additional team members as needed, or for expanded scope. If unused, this will be rolled over and used for future months as it was in previous proposal - 12k/month\
- Total: 71.5k/month at (513$/Dash) = 139.3 Dash
- + 5 Dash Proposal Fee/3 months = 141 Dash per month
(We are not bearing the risk of Dash depreciation or the benefit of appreciation. All appreciation and unused funds will be rolled over to future months and any shortfall will be requested with another proposal)
Our funding ask has increased since our initial proposal because we have vastly increased the scope. The individualized communication with proposals owners and reporting is a very labor-intensive task which is we have four highly-skilled and talented people solely dedicated to this task. Furthermore, we anticipate the amount of monthly reports will increase over time as there are more recurring proposals than completed proposals per month. This will likely require more team members to be added in the future.
Our web development needs have remained stable but we did have to pay slightly more than anticipated ($60/hr). We retain a small budget for our part-time data entry and verification team to keep all the metrics on the website up-to-date. I have asked for a humble project management salary despite the scope and time dedicated to this project being significantly higher than expected. This cycle we’ve also asked for funds to offset accounting and accountant’s cost that are associated with paying the entire team in a tax-compliant manner. Any and all excess funds will be rolled towards future months including any appreciation as it was with our last proposal - this includes the 20% cushion we’ve asked for. If the price of Dash increases, we will not ask for continued funding until we have exhausted all excess funds.
We are requesting a monthly payment of 141 DASH for the next three months to accomplish our scope of work. Any excess funding will be rolled over and used to lessen the amount requested on future proposals. The increase in cost in proposal outreach and documentation costs was accurately predicted in our initial proposal. This increase in cost is due to our significantly increased scope and an increasing number of proposals in the treasury system. We will be continuously upgrading and improving our application’s featureset as well as the completeness, accuracy, uniformity, and presentation of the information we collect. We will request feedback from the community regarding additional features, more and/or greater-depth coverage, etc. The amount of work required on an ongoing basis may change over time and that will dictate the monthly cost which we will refrain from trying to predict now and will simply request at the appropriate time.
We know that the vast majority of the value we will provide is still untapped as we iterate to find the most suitable way to present masternodes the information we collect. We hope you appreciate how much work has gone into our efforts as far as finding and training our team and refining a system that's scalable to communicate with proposal owners and collect data. We would really appreciate the opportunity to optimize all of this and unleash the full potential value of Dash Watch.
We believe that Dash Watch adds a much needed level of accountability and follow through to the governance system. In the past, many distressed proposals have slipped under the radar. Our efforts will help discover these distressed proposals. Our mere existence as the eyes and ears for masternode owners increases proposal owner communication, accountability, and follow through. We would like to continue to ensure that those receiving funding are followed up on regarding their deliverables and are held publicly accountable for their progress, or lack of thereof.
Our value proposition is to provide a clear and concise set of metrics and reports that will allow any person viewing a proposal on Dashwatch.org to easily gauge if that proposal is delivering the value it promised when successfully funded by the DAO.
We hope that you see the value in this work and that you will allow us to continue to improve this service. Thank you for your time reading this through, and please feel free to leave any and all suggestions, modifications, and feedback. Thank you!
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