Call notes from 01/18/22 Our proposal is to add value by advancing the current grant funding mechanism in the OceanDAO and beyond - specifically when it comes to managing funds from multiple DAO in the effort to support grantees. Currently, grantees receive funding after a yes/no voting round. They receive $Ocean with the hopes that those funds are used to build a product that benefits the broader Ocean ecosystem. We propose; DAOs committed to funding projects together commit their own governance tokens into a collective treasury (called CoFund?) -Grantee’s receive project funding from a token collateralized from the basket of governance tokens sitting in the treasury.

OceanDAO Grant round system mapping Each month, the OceanDAO has a new grant round with the intention of funding projects building on the Ocean protocol. Funding for the grant rounds are taken from the OceanDAO treasury and with the goal of supporting the overall grow and healthiness of the Ocean ecosystem. $OCEAN token holders vote on which grants they think should recieve funding. Voting is token-weighted. If grants are voted down and not funded, the $OCEAN that was allocated for a given grant are burned.