# CreativesDAO December Funding Round Announcement The CDAO is announcing the opening of submissions for December proposals. All proposals must align with the fundamental principles upheld by the Near Digital Collective, particularly focusing on the following Core Values and Key Metrics: # Core Values ● Empowering the ecosystem (for people by people) ● Respected by the ecosystem (fair, accountable, transparent, and reliable) ● Dedicated to ideas of decentralization (antifragile, scalable, with collective decision-making) ● Efficient operation (don’t be a burden, instead help the community to be more efficient) ● Continuous improvement via weekly iterations (plan, measure results, and adjust continuously) # Key Metrics for Evaluation - Accounts retention after 1/2/4/8 weeks — the percentage of accounts who continue interacting on chain over a given time period (higher is better) - Account acquisition cost — budget divided by the number of accounts interacting through the funded initiative (lower is better) - Median number of dApps used by P95 accounts retained for 1+ week (higher is better) - Number of accounts retained for 1+ week using at least 3 dApps (higher is better) - Social engagement score — some compound metric of number As suggested by NDC V1 priorities, a project should be funded if: - Project X should have a clear goal and target audience - Project X should bring improvements to several metrics listed above # December’s Funding Procedure: - December 1-10th: Proposal submission by the Community - By December 13th: Review and approval process by the Creatives DAO councils, followed by governance forum posts and request creation for NDC (HOM, CoA, NDC trust) - December 13th-17th: Review by HOM members and on-chain voting - December 17th: If approved by HOM, the request proceeds to CoA for on-chain voting - December 17th-23rd: Review and voting by CoA - Following CoA approval: Trustees will execute transactions aligned with the Trust’s objectives, pending adherence to expenses. - KYC Note: New applicants will be subject to [KYC](https://gov.near.org/t/guide-creatives-constellation-funding-guidelines/34723). Disclaimer: Some timelines might be subject to change due to HoM's heavy workload. The final result of a proposal is only determined after the CoA’s voting (not after reviewing by Creatives DAO councils).