[BIP-1] Operating Framework for Balancer DAO

Disclaimer: I am covering Balancer at Messari.

This is a really good idea, not surprised Balancer DAO is again leading the charge on this stuff. As DAOs mature and grow, there is going to be a whole service economy developed around them. Having structure to your process around SPs makes a ton of sense.

From an SP perspective, the monthly calls can be extremely helpful if interactive. Our experience so far with decentralized communities is that it is a bit difficult to create good feedback mechanisms. Part of that is on us as we build/define our product offering but part is the decentralized nature of DAOs. But it’s important to make sure DAOs get good value for what they pay for and of course for SPs to make sure they are providing that value. Monthly calls could help.

Regarding risk 3 - As part of its annual budgeting, Balancer DAO could define a maximum percentage of the treasury to SP funding for that year. Still a risk of funding too many projects but at least there is control around an unsustainable burn rate. A limit would also help the DAO prioritize SPs, knowing there is only a fixed budget.

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