# \[PASSED\] BIP-6: Education DAO

**URL:** <https://discourse.bitdao.io/t/passed-bip-6-education-dao/1283>\
**Category:** \[Curated Archive\] BitDAO treasury management\
**Created:** [November 23, 2021, 11:07pm UTC](https://discourse.bitdao.io/t/passed-bip-6-education-dao/1283 "2021-11-23T23:07:08Z")\
**Posts on this page:** 8\
**Page:** 2

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**Author:** ![monkey\_scratch\_head](https://sea1.discourse-cdn.com/flex019/user_avatar/discourse.bitdao.io/monkey_scratch_head/32/220_2.png) [@monkey\_scratch\_head](https://discourse.bitdao.io/u/monkey_scratch_head)\
**Post date:** [December 6, 2021, 12:36am UTC](https://discourse.bitdao.io/t/passed-bip-6-education-dao/1283/27 "2021-12-06T00:36:28Z")

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@JonAllen interesting proposal 👍

Clarifying question: is the primary intent for EducationDAO social good, or directly economic?

Without expectation of revenue generation (i.e. purpose of social good), then adding the expectation of any output produced being open (source, publishing or patents) and free for the general public would be ideal, aligning actions with intent.

With expectations of revenue generation (i.e. directly economic purpose), then any mandating of openness would reduce the potential business models for that revenue generation. Discretion would be best left to those directly involved.

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**Author:** ![deefs](https://sea1.discourse-cdn.com/flex019/user_avatar/discourse.bitdao.io/deefs/32/222_2.png) [@deefs](https://discourse.bitdao.io/u/deefs)\
**Post date:** [December 6, 2021, 4:26am UTC](https://discourse.bitdao.io/t/passed-bip-6-education-dao/1283/28 "2021-12-06T04:26:49Z")

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In the “What” section, it discusses funding granted to “University Ecosystems”:

“Grants will be given to university DAO’s **to use as they best see fit** as long as they participate in governance votes ( \>75%), help with testing DAO tools, and propose at least one BitDAO Contribution every six months.”

As well as discussing funding for “University Projects”:

“Awards of up to $25k ( the intention is for it to be relatively small amounts but the amounts can be adjusted) **can be granted in exchange for a percentage of ownership interest in University-Based Projects.** Students or university-centric funds (such as the House Fund in Berkeley) will be elected by University Group DAO’s to allocate this capital, and it is up to the relevant University Group to choose how University-Based Projects will be selected for funding.”

I hope this clarifies things a little monkey\_scratch\_head, but I’m sure JonAllen would be able to elaborate.

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**Author:** ![junkim012](https://avatars.discourse-cdn.com/v4/letter/j/90db22/32.png) [@junkim012](https://discourse.bitdao.io/u/junkim012)\
**Post date:** [December 7, 2021, 5:19am UTC](https://discourse.bitdao.io/t/passed-bip-6-education-dao/1283/30 "2021-12-07T05:19:42Z")

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[reposting with a more formal name]

Hello, this is Jun and Bryan from Penn Blockchain at the University of Pennsylvania. After thoroughly reading through this proposal thread on the EducationDAO, we wanted to contribute to the discussion of EducationDAO’s merits and potential shortcomings.

Penn Blockchain is excited about the EducationDAO for three reasons,

1. It is a way for Penn as a university to give back to the community

2. Penn, as a large university, can help expand the crypto community to other local universities.

3. It can bolster student-focused initiatives in and out of our university

Thank you so much!

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**Author:** ![JonAllen](https://sea1.discourse-cdn.com/flex019/user_avatar/discourse.bitdao.io/jonallen/32/188_2.png) [@JonAllen](https://discourse.bitdao.io/u/JonAllen)\
**Post date:** [December 8, 2021, 10:18pm UTC](https://discourse.bitdao.io/t/passed-bip-6-education-dao/1283/31 "2021-12-08T22:18:54Z")

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A quick update, we have added Tsinghua University Students Blockchain Association to the phase 1 university group! As the blockchain club representing the #1 university in China, we are honored to have them on board. They are extremely excited by this initiative and will help to expand EduDAO globally into phase two with their numerous connections to other international universities.

On the advice of several groups we are talking with to help set up and maintain this entity, we have added $1M per year to the EduDAO budget to ensure that legal fees, accounting, compliance, payroll, and any other associated expenses can be paid rather than relying on excess budget from University Groups and Centers. Since most of the legal fees will be front loaded, accounting will take place to adjust this amount for subsequent funding top-ups based on need.

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**Author:** ![deefs](https://sea1.discourse-cdn.com/flex019/user_avatar/discourse.bitdao.io/deefs/32/222_2.png) [@deefs](https://discourse.bitdao.io/u/deefs)\
**Post date:** [December 11, 2021, 2:55am UTC](https://discourse.bitdao.io/t/passed-bip-6-education-dao/1283/32 "2021-12-11T02:55:36Z")

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That really is an honour. These types of collaborations have so much potential, and I’m really excited to see funding extended to this group of students. I think the cost-benefit of funding these groups will be very clear when subsequent requests are made.

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**Author:** ![deefs](https://sea1.discourse-cdn.com/flex019/user_avatar/discourse.bitdao.io/deefs/32/222_2.png) [@deefs](https://discourse.bitdao.io/u/deefs)\
**Post date:** [December 16, 2021, 4:13am UTC](https://discourse.bitdao.io/t/passed-bip-6-education-dao/1283/33 "2021-12-16T04:13:29Z")

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I sincerely hope that everyone in the community that has the capacity to vote in this proposal has done so!

As it stands, I’ve seen tremendous support from the community for this proposal. So many of us wanted to vote in this proposal- but, unfortunately, gas costs are currently highly restrictive.

Myself, along with a number of community members, are working towards a solution. We’ve formed an aligned entity, Æmbassy. I’m huge appreciative of the reception and support we’re getting from the community as a whole. If anyone is interested in collaborating, come link up with us in the BitDAO Discord channel!

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**Author:** ![Je](https://sea1.discourse-cdn.com/flex019/user_avatar/discourse.bitdao.io/je/32/571_2.png) [@Je](https://discourse.bitdao.io/u/Je)\
**Post date:** [December 17, 2021, 3:13am UTC](https://discourse.bitdao.io/t/passed-bip-6-education-dao/1283/36 "2021-12-17T03:13:40Z")

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**[BIP-6](https://snapshot.org/#/bitdao.eth) has been approved!**

[EduDAO](https://edudao.io/) is set to be the world’s first student-led multi-university DAO organization that will lead the charge in bringing the next generation of Web3 thinkers from 0 to 1. Learn more at [edudao.io](https://edudao.io/)

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**Author:** ![kravi](https://sea1.discourse-cdn.com/flex019/user_avatar/discourse.bitdao.io/kravi/32/512_2.png) [@kravi](https://discourse.bitdao.io/u/kravi)\
**Post date:** [August 3, 2022, 1:57pm UTC](https://discourse.bitdao.io/t/passed-bip-6-education-dao/1283/40 "2022-08-03T13:57:19Z")

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@JonAllen It’s great to know (a little) about you, through your personal anecdotes 🙏

Also appreciate this proposal. It’s really intense.

Would you please help me with clarifications for the following.

**For Year 1, BitDAO will have a 75% ownership interest and 25% voting stake in Education DAO since it will provide the vast majority of funding. University DAO’s will maintain 100% ownership and voting Year 1** (from the proposal doc)  
It’s not clear, how these ownership & voting % are adding up. BitDAO’s 75%+ University DAOs’ 100% (175%?!?!) BitDAO’s 25%+ University DAO’s 100% (125%!!!)

> [@JonAllen](#):
>
> every three months with accounting taking place before each period, limiting the amount at risk for any given period.

Is it possible to share details of the progress, as well as the University DAOs’ participation in Governance etc, in the last two quarters, with BitDAO community?

> [@JonAllen](#):
>
> EduDAO will then allocate funding to University Group DAO’s and University Centers around the world.

Presume, it’s ok to share the next set of University/Groups, as in the pipeline, for the next phase! My question would be: only steering committee recommends these, or BitDAO members may suggest some qualified entity names, from around the world, as per the set criteria?

Thanks in anticipation. Really appreciate your time.

[Previous page](https://discourse.bitdao.io/t/passed-bip-6-education-dao/1283.md?page=1)