Executive Summary from Grants Working Group
The Grants Working Group received an application from Artemis Academy (provided underneath this executive summary). Given the project is led by a member of the Olympus Governance Council it was agreed that in addition to the application passing through standard due diligence and Grants Committee vote there should be an OIP vote to give token holders finally authority on whether to proceed with the Grant or not. Grants Committee quorum is 4/7. Grants committee members are Apollo, Appleseed, Json, Kleb, Solarpunk, Catwalk and Wollemipine. A summary of Committee voting and reasoning is as follows:
- 5 voted for
- 1 voted against
- 1 no vote cast
Summary of reasons for:
- Strong alignment of team with Olympus can help activate buildooors atop the econOHMy which is within grants remit. Opportunity for Olympus to get access to interesting pipeline of potential early stage projects if/when appropriate and also developer talent.
- Risk/reward ratio seems reasonable
- Team seems prepared for execution in difficult markets
Summary of reasons against:
- Value add is too remote. Having cut costs within DAO, as many DAOs have, shortage of talent is not a problem and is not projected to be for some time.
- Focus should be on builders building products that people can BUY with gOHM.
Ratio of Remain Grants Reserves
gOHM rate at time of OIP-90 passing was $3,838.51USD. With current gOHM rate of $2,218.26 USD, 50k USD worth of gOHM would be approx 22.5 gOHM. This would be roughly 22.5% of remaining Grants budget.
Feedback from RFC
This proposal has been updated based on feedback from the RFC (read in full here) to incorporate information on founders and team members and also includes inclusion of milestones each area of proposed use of funds.
Summary from Artemis Academy
Led by Wartull, Artemis Academy is built by the world’s premier Web3 veterans. We’re creating a top-tier, end-to-end educational program that not only teaches the next wave of Web3 talent, but also enables them to create the future of Web3 innovation.
Motivation
The vision for Artemis was germinated from within Olympus. Finding, attracting, and retaining top Web3 talent that not only performs, but also does so in an ethical manner has become extremely rare. The Olympus community, more, the entire DeFi and Web3 communities deserve better. The strength of any organization is determined by its people. Artemis’ mission is to run a challenging ‘Navy-seal’ type bootcamp that focuses on quality over quantity and instills an ethos around building with a long-term mindset and contributing to web3 in an ethical and meaningful way.
Artemis’ goal is to promote the Olympus ‘econOHMy’ by educating, preparing, and funneling the best web3 talent/ leaders to build. Whenever possible, we draw salaries, make investments in student startups - all denominated in OHM. We also plan to hold a significant portion of our reserves in OHM.
Background
Artemis Academy is built by the world’s leading Web3 veterans. We’re creating a top-tier, end-to-end educational program that not only teaches the next wave of Web3 entrepreneurs, but also enables them to create the future of Web3 innovation.
We are a borderless, open source, open access, structured “education + investment” program. Artemis combines cohort-based online education for experienced engineers alongside an enhanced YC-type incubator for web3/DAOs, which invests in founders or places them to work inside top web3 organizations. The program welcomes participants into a network of several top Defi builders, partners, and investors in the space.
Artemis Academy is built by the world’s leading Web3 veterans. We’re creating a top-tier, end-to-end educational program that not only teaches the next wave of Web3 entrepreneurs, but also enables them to create the future of Web3 innovation.
We are a borderless, open source, open access, structured “education + investment” program. Artemis combines cohort-based online education for experienced engineers alongside an enhanced YC-type incubator for web3/DAOs, which invests in founders or places them to work inside top web3 organizations. The program welcomes participants into a network of several top Defi builders, partners, and investors in the space.
Founding Team:
Led by Wartull (early contributor at OlympusDAO) our founding team consists of experienced developers, teachers, strategists, Olympus contributors, and web3 veterans.
- Wartull: 6+ years in crypto, Council member of OlympusDAO, Advisor at Spectral Finance, Thales, Shyft, angel investor.
- ICEMAN: 15+ years in Strategy Mgmt Consulting, adjunct professor (grad and undergrad) + entrepreneur.
- Reimao: 4+ years as a software developer, FIRE Labs co-founder (web2 academy), former OlympusDAO Partnerships team member
- Glueeater: 10+ years startup, VC, enterprise engagements; builder, engineer, vibing always. Partnerships at Olympus.
- Rudranath: 4+ years in leading programming bootcamps, Feijões em Lata co-founder and dreamer.
- Rosencranky: 4+ years in leading programming bootcamps.
- Aphex: 4+ years as software developer and web2 bootcamp teacher, FIRE Labs co-founder and cheerleader (web2 academy), OlympusDAO Engineering Team member
- CyberGab: Experience in operations and marketing across several industries
- Zelki: 4+ years lecturing web2 bootcamps, 6+ years as fullstack dev, FIRE Labs co-founder and TempleDAO core dev
- CodingWithManny: 13+ years working in the tech industry as a Software Engineer in Startups, agencies, and SaaS Products. Lead engineer, project manager, consultant, part-time technical writer. Developer DAO member and moderator.
- Brenden: Experience working in high growth startup, recruiting, sales, and community. Passion for building projects and friendships
Our teachers:
Hadi:
Experience: 2 years of solidity development as CTO and developer at OxyDev, 3 years of software engineering 1 year of game development
Impact: 10m$ TVL on our last project, won various grants and a hackathon for Histopia.
Focus: blockchain, smart contract design and development, financial analysis of blockchain systems
Gonçalo:
Experience: +4years software engineering (IoT, Blockchain), intensive learner, IT teacher for a year
Impact: solidity development, optimization
Focus: smart contract security
We also have a number of experienced researchers and soon-to-be teaching assistants onboard.
Our Advisors:
We also have significant members of the web3 community onboard as contributors/advisors:
Additionally, Artemis is formally advised and invested in by CodePath, which has a decade long track record of successfully training web2 engineers at FAANG companies and elsewhere.
Proposal
Provide $50,000 USD grant denominated in gOHM to Artemis Academy. gOHM rate to be set at time of snapshot.
Value for Olympus
Through Artemis’ community, members, and network:
Artemis Academy will provide Olympus with specialized Web3 related courses.
- Olympus will be able to coach Artemis graduates on 'how to build' on top of the DAO’s protocols/ ‘econOHMy’
Artemis Academy will provide Olympus with highly qualified web3 talent (i.e., placing each Artemis graduate for a $15,000 flat fee).
Artemis will offer Olympus DAO related boot camps (e.g. community mgmt, etc.) in the future.
Artemis will host AMA/ educational events for the Olympus community
Artemis will denominate all salaries, investments, revenue, and tuition in OHM to facilitate OHM’s use-case and contribute toward the ‘econOHMy.’
Should Artemis launch a token in the future, a commensurate % of our token supply will be sent to Olympus based on our valuation at the time. For example, should Artemis have a $30M valuation, 0.333% of our token supply will be sent to Olympus.
Value for Artemis Academy
Through Olympus’ community, members, and network:
Olympus may provide resources to improve the quality of Artemis Academy courses and student experience, for example:
- Olympus may help create course materials (e.g. DAO building, community management, tokenomics, etc.).
- Member of Olympus may guest lecture 2-3 ‘Crypto Talk’ sessions such as how Olympus was built, how its faced adversity and persevered; explaining OHM’s economic (3,3) theory, etc.
Olympus may provide a grant that:
sponsors students facing financial hardships and are unable to afford tuition
assists Artemis in building an open-source portal that hosts bootcamp lecture materials (open to the general public) in an effort to make web3 more easily accessible to everyone
Olympus may provide mentorship to students during and after bootcamps
Olympus may help promote Artemis to its community members and network to help drive potential:
Students
Teachers
Partners
Proposed Use of Funds:
Open source portal: As mentioned, our goal is to facilitate the general public’s transition into web3. We intend to help with this transition by making our course materials open-sourced, and easily accessible. To realize this goal, we’ll need to allocate funds to developers to build a robust portal that hosts this information.
Admissions Platform: We view our admissions platform as a tool that not only helps us gauge and assess the best talent, but also a tool that can be used by anyone (even non-applicants) to test their mettle in web3 development. Our pre-work is challenging and we want to give everyone a shot at hands-on web3 learning in an open, easy to use environment.
Student Grants: Our goal is to create a borderless, open-access, educational platform. We do not want to deter any talent from participating in our bootcamps for financial reasons and will use part of the grant funds to cover tuition costs for any student facing financial hardship.
Additional Milestones:
Timeline: October est.
Incorporation of Olympus content in our syllabus (e.g., Olympus guest lecturers, using OHM as the innovation cornerstone for aspiring new founders, building the ‘econohmy’)
Development of entrepreneurs familiar with OHM
Holding 20%+ of our funds in OHM and continuing to pay salaries in OHM
Developing a pipeline of educated and trained builders that bring utility to gOHM
Polling Period
The polling process begins now and will end at 01:00 UTC on 02/07/2022. After this, an OIP proposal may be added to Snapshot for final vote.