Period 1: people vote on how much the DAO should spend this season
Period 2: people submit proposals requesting various amounts up to the amount agreed upon in period 1, along with a minimum target below which the proposal isn't viable/will fail
Period 3: No more proposals can be submitted. People vote on the various submitted proposals
Period 4: the amount that was agreed upon in period 1 is split amongst the proposals in proportion to how many votes they got. If a proposal would be funded below its minimum, it is neglected.
Period 1: people vote on how much the DAO should spend this season
Period 2: people submit proposals requesting various amounts up to the amount agreed upon in period 1, along with a minimum target below which the proposal isn't viable/will fail
Period 3: No more proposals can be submitted. People vote on the various submitted proposals
Period 4: the amount that was agreed upon in period 1 is split amongst the proposals in proportion to how many votes they got. If a proposal would be funded below its minimum, it is neglected.