Last updated a year ago
Without a budget to fund its operation, Catalyst Circle can't produce meaningful outcomes.
Funding from the Cardano Community via Catalyst helps to ensure increased accountability of participating CC members.
This is the total amount allocated to Power Up The Catalyst Circle.
The Catalyst Circle
IOG is currently managing the Catalyst Project, with the aspiration to decentralize Governance to the community. The Catalyst Circle is the first experiment to establish a decentralized instance, that has four major goals:
To facilitate communication between the different functional groups
To provide a heads-up when red lines are crossed within a certain group
To suggest improvements on plans and processes that shape Project Catalyst
To define the election process for Circle V2
Link: https://iohk.io/en/blog/posts/2021/07/08/introducing-the-catalyst-circle/
Member duties and responsibilities
Like Project Catalyst itself, the Circle will also evolve over time. Initially, elected members will serve 3-month terms, and elections will follow to continue improving and iterating the process. For elected members, we have identified these initial duties and responsibilities. Each member of the Circle should:
Each member also has the responsibility to:
Members will be able to set each meeting's agenda and periodically introduce policy proposals into the Catalyst Circle for consideration. The 'minimal functional group' is the bootstrapping version, based on consultations with leaders within the Catalyst community, an expert group in the field of novel governance structures.
As trusted best practice is established, the Circle might grow and divide. Maybe the future has many 'Circles'? Ultimately, it will be up to members to advance our goal to legitimise decentralized governance, paving the way for an alternative to the status quo, and continuing to break new ground in building the future of blockchain governance.
Roadmap (3 months) November 2021 - January 2022
Catalyst Circle 1, which has been operating since 12th of July 2021. The group has established a process to funnel work mainly focusing on addressing major problems identified within the various stakeholder groups (for more details please see here: https://trello.com/b/DRBO6qyF/catalyst-prioritized-problems).
The roadmap for Catalyst Circle 2 is mainly driven by the goals and responsibilities mentioned above. The backlog of problems and issues already backlogged in the trello board will give the CC2 a starting point to execute on. Nevertheless, since the Catalyst Circle 1 is still in its beginnings, additional issues will naturally evolve within the Catalyst Circle 2 - together with progression of the Fund Circles and Project CAtalyst structure and systems.
The Catalyst Circle commits to attend weekly town hall meetings to provide updates on progress as well as engage with the community on relevant ad hoc topics that might arise.
KPIs
Accomplishments of Catalyst Circle version 1
Budget breakdown:
CC member remuneration: $5000
- Meeting: 2 hours bi-weekly
- Preparation (comms, working sessions, etc.): 2 hours (bi-weekly)
- Initiative driven commitment: 2 hours (weekly)
Admin staff - Facilitator: $2000
- Being present in all the Catalyst Circle meetings, which take place each two weeks
- Involve everybody in the discussion
- Steer focus and activity
- Capturing action items
- Support the Catalyst Circle in defining Agenda items for the next meeting(s)
Admin staff - Secretary: $2000
- Being present in all the Catalyst Circle meetings, which take place each two weeks
- Coordinate CC Meeting agendas with the meeting facilitator.
- Set up and record CC meetings on Zoom with the meeting facilitator
- Take notes and record actions from Catalyst Circle meetings.
- Document & Track CC actions (e.g by git, Trello).
- Publish CC meeting recordings on IOHK YouTube
- Following up on action items between meetings
Internal/external communication and organisation tools: ($500)
- Video conference/meeting (Zoom/hangout) x 3 monts
- CC email hosting (google/zoho/etc)
- Domain purchase
Tags [Predefined Tag Enabled] (Optional)
https://iohk.io/en/blog/posts/2021/07/08/introducing-the-catalyst-circle/
NB: Monthly reporting was deprecated from January 2024 and replaced fully by the Milestones Program framework. Learn more here
We are elected leaders from the ecosystem serving a key role in turning Catalyst into the largest decentralized innovation fund in the world