kleb Thanks Kleb - because each incubated project will be unique and have differing negotiated agreements I don't think putting to many strictures in place at outset is desirable.
As a DAO all the agreements will be public and I am sure receive rightful scrutiny - the DAO will track any payments and assistance provided to projects and report back to the community. Over time processes and policies for dealing with the program will be developed - but we have to have room to see what works to begin with.
As the level of assistance required and size of grants will vary from project to project so will the amount of governance token the Olympus Treasury will receive - this will all be by negotiation.
We are probably not going to get it right every time and some will think we got a good deal and others not - each agreement will be negotiated by the partnerships contributors and approved by Strategos.
If after allowing the program to run for a few months the community wishes to put certain strictures in place or decommission the program - they can of course do so by OIP vote.
In response to your specific questions:
So far you've mentioned $250k but this doesn't account for DAO time which is a specified service we would be offering.
Advice and assistance carries with it certain inferences about the amount of time required and, as it would be remunerated in comparison to the ordinary compensation, it would be minimal if the assistance is a small part of their overall roll in a given week. I imagine it would only amount to a few hours a week from several DAO members depending on the advice or assistance required - it would of course vary from time to time, maybe less at the start but more in the week before they launch.
What are the criteria for incubating a project?
The criteria is maximizing the benefit to Ohmies - this will depend on the estimation of the value of return to the DAO Treasury from the project governance token received or other strategic benefits it may provide for example building on top of OHM or increased utility for OHM.
Which ohmies are deciding whether a project gets accepted or rejected?
The partnerships contributors will negotiate the agreements and they will be approved or rejected by Strategos. Any one is free to join the DAO and get involved in the partnerships team.
How long is an incubation period going to be?
This will vary from project to project - it may be 1 month or 6 months - it will be by negotiation and, I imagine, affect the size of the share of governance token received by Olympus.
How many projects will the DAO take on at once?
This will no doubt vary from time to time - but I would say we wouldn't accept new projects if we don't think we can deliver value to them or that we can't maintain our reputation because we have taken on too many.
Who will have visibility of the work?
Given the sensitive nature of new projects the current thinking is we will limit it to the person managing the incubation, Strategos & Core, and whoever is required to assist. We will be transparent with the community on the amount of assistance we are providing to projects.
Do we have an expected ROI and how will this be measured? Or do we have another measure of success?
The ROI will be in the value of deposits of governance tokens to the Olympus Treasury, any fees from our products (this are likely to be low or waived given our interest in an incubated projects success) and other intangibles like utility from OHM and use of OHM as a liquidity pair or holdings in the project's Treasury. It probably won't be useful to measure until sometime after the first few projects go live and have had time to mature.
Or do we have a max cost we are willing to reach before we cut a project?
Yes $250K or where, after a period of time, the DAO judges that the project is not likely to be viable without unreasonable further expenditure of contributors time and energies.
There is a little bit of trust required from the community for the DAO in approving the program - but the incentives are aligned for the DAO to maximize the value for the community. Being given the bandwidth to conduct the program nimbly as we get it up and running is very valuable - so we can find what works without having to regularly come back through governance which is very time consuming and diverts a lot of resources.