It’s time again for nominations for the Alchemist Council!
The role of the Alchemist Council:
The Alchemist Council will be responsible for guiding and steering the project. Rather than executing day to day operational tasks (these will be the responsibility of core team members that are selected by the council), the council will lead high-level strategic decisions.
These include:
- Reviewing the performance and budgets of existing projects.
- Approving new projects to incubate (after initial screening by incubation team).
- Appointing leads for Alchemist core (Community, Coordination, Operations, and Seniors).
- Determining and approving multisig signers.
- Removing Council members for non-performance by a majority vote.
- Approving additional funding requests from teams for specific use.
- Calling Community votes where required.
- Making the final decision on anything that relates to the Alchemist ecosystem.
The first edition of the council involved several existing product founders and seniors joining to help bootstrap the council. Now, all 5 spots on the council will be open to everyone including product founders, general community members and current seniors. The only criteria they must fulfill are the following.
- They have been a community member and part of the discord for at least 3 months.
- They have previously not been permanently banned from the community for breaking the Alchemist Code of Conduct.
How is the Council formed?
Five community members will be voted on to the council. Anyone who wishes to apply for the position will need to complete the following form. The information gathered by this form will feed into a public Discord channel — Council-applications to ensure the process is transparent. Once the application period closes, the eligible candidates will be put to a vote via the Governance feature.
LP and MIST holders will be able to vote for their preferred candidate in equal proportions. The vote will utilize quadratic weighting.
Council member responsibilities:
- Weekly meetings (internal + community).
- Must have <24 hour response time for multisig (See below).
- Keep up to date on the Alchemist ecosystem and products.
- Ability to review KPIs and trends and analyze performance against goals and cost.
- Respect the Alchemist Code of Conduct and set an example for other community members on how to abide by it.
- To be rational in decision making.
- Be able to think long term.
- Election to the Council is for a period of 6 months.
- Multisig transactions.
Council remuneration
Council members will receive a stipend in order to compensate them for their time and effort in shepherding the community. To ensure long-term alignment, these stipends will be fully vested for 12 months with a 6-month cliff.
Once the new Council is formed, the current council will handover all responsibilities and provide details on current and future plans in a handover meeting.
To apply for council, please fill out the form here.
Nominations will close on the 2nd of August 2022 at 00:00.
