RFC - Artemis Academy Grant Proposal

Wartull

Well, what better way to get products, quality control, substance, and credibility by literally educating the next generation of builders the right way with Olympus as a key factor?

qwercus

an ohm-centric economy wont be built by waiting on the free market. if you want the market to denominate in, trade with, and build around ohm, you need the infrastructure and systems built around it. you need builders that are familiar with it. you need to connect the dots for the market to understand ohm, habituate using ohm, and see ohm as a path of least resistance (no pun intended).

we can decide that artemis is too tangential to olympus and wait for better grant proposals to come along to direct this funding. or we can risk this funding on some of the minds that are already contributing to the economy we envision, already have alignment with olympus, and will probably continue building this out at a slower rate even if we decide not to pass the grant.

the education each of us received in the past has shaped how we see the world and the opportunities we apply ourselves to. remember fork season? olympus (and arguably most of web3) suffers from poor education and ethics. projects that address these problems with responsible budgeting should absolutely be funded.

CryptoAnalyst

wollemiPine would be awesome if we can say plan of action, timelines, KPIs that the team belive they can deliver, no need for something complicated. it's great initiave overall.

Would be awesome to also open the Due Diligence process to community contributors, I'd love to join in and help in that when possible.

catwalk

CryptoAnalyst Unfortunately (IMO) opening the DD process to community would introduce a vulnerability as applicants could get someone in, then optimise their application to maximise our quant models. That's why we have protocols in place for bringing a number of application types (such as this) to OIP for community feedback without revealing our secret sauce. Does that make sense?

CryptoAnalyst

you can't have a secret sauce in DD. it's not who scores most points.

Most of my DD is going for a beer with someone and trying to figure out if they can handle it when their treasury gets hacked and keep their head up.

keep in mind most people in the community can't keep up and don't know everyone who is on the proposal, so I'm voting based on what I'm reading which is dry information at this stage.

catwalk

CryptoAnalyst As someone whose spent a lot of time trying to keep these processes secure and objective, and with a great deal of experience in the field, respectfully agree to disagree. Definitely relationship building is a huge part you're right but not in the actual formal applicant pipeline (otherwise it opens up a number of vulnerabilities and reduces transparency/accountability in the DAO). The general overview of how we rank applications is public though. This is all industry standard for a grants program. But happy to talk more on discord as this is a tangent to the proposal imo.

CryptoAnalyst

wollemiPine Also this is a nice list of advisor, but most of them don't have time to scratch their head or eat sometimes. irrelevant for the OIP, just adds fomo.

I want to see what the team that is gong to take the money, is going to deliver and why we think they can deliver? that I don't see in the proposal.

CryptoAnalyst

catwalk as someone who sat on the other side of the table and got filtered out a bunch of time, I would say these processes suck, and still briabable.

wollemiPine

Thanks everyone for the input and votes. We'll take the feedback here to Artemis and make corresponding amendments to the OIP post in the forums prior to proceeding to OIP.

electo

Poll ended but wanted to comment.

Education is extremely imporatant. Would recommend that Artemis focus on core media like youtube which drives most of the retail and new crowds. I can see the artemis channel and / or podcasts become industry leading with the talent they are aligned with (advisors etc.).

For a 50k grant, I think the value is immense. Future grants or funding though including placements for graduates at said rates should be voted / looked into. But this proposal as is I strongly support.

CryptoAnalyst

wollemiPine Had some time to think, and i'm fully against such grants. build something for next 2-3 month, then show us what you can do with what you have. after that apply for grant. boostrap something. otherwise, why don't we find other DAOs that are already doing something similar and already 10 steps ahead of just a blog post?

If Olympus DD team can't find such talent that is building boostrap, then you guys are doing a bad job.

As I said, I don't know anyone from the Academy team, I don't know their track record, or what they built before. so I'm going harsh on everyone to give push back. I understand the need and I agree the DAO needs help on these topics, but this is not the way to spend money.

If someone is 10 steps ahead, and is boostrapped, then they deserve the money and we need to pitch them.

Wartull

CryptoAnalyst

Why do you think there is only a blog post? Additionally, this academy was founded with OHM at its core as opposed to existing educational tracks out there, which is a clear differentiator and benefit to the protocol. But I don't think I'll change your mind here 🙂

0xtutti

I'm late to this, but still wanted to voice that I am against such a grant, as I see many points of failure despite excellent intentions behind it.

The Olympus team has no problem finding and attracting excellent talent. Added to this, in the current market there are many talents available and looking for work.
I understand part of the project is to actually educate builders to build with OHM as a foundation, but why should this be led by the academy? For that much money, I'm pretty sure it's possible to build an OHM centric online course, accessible by all and hosted by the DAO. This would probably be a better value add for the DAO and could be executed by Artemis.

The courses are already 2,500 USD per cohort/person. If Artemis Academy is such a supporter of Olympus, I feel that should be enough to cover the costs of running the course and doesn't need extra funding.
I have a hard time seeing how the grant will be spent apart from sent to potential users with no guarantee of returns to the DAO.

If the goal is to get builders to build on OHM, I feel this joins very much the Grants program, and as such should be part of it in a bid to promote Grants and educate builders on the qualities of OHM.

Also, why should the DAO pay for talent it has helped nurture by providing funds for the educational platform? As i understand it, it will be the DAO's responsibility to coach the Artemis graduates and it would still have to pay a 15k fee on top to get talent it has participated in educating?
Will the DAO get a share of the revenue earned by Artemis through placing students having gone through the admission portal and the grants in other projects?

The way this proposal is formulated feels like a one sided win, with the DAO taking most of the burden and Artemis reaping most of the financial benefits.

Sorry if the thoughts are a bit disjointed, still feeling the aftermath of NFTNYC 😅