TL;DR
- Allocate $542k for Q2 Development and Operations
- Allocate $17.1k for Q2 Marketing & Discord support
Background
For two quarters in a row now, the DAO’s spending rate has been below $2M/year.
Product development is progressing well - we’ve hired a senior Web3 dev with relevant expertise and are in a good spot to continue the work.
We are also in the final stages of preparing the documents to establish BadgerDAO’s legal entity.
This took longer than expected because of all the nuance it involves, but we should be ready to share the docs for community review in April.
Like in Q1, a large portion of the budget has to be allocated to legal defense.
These expenses are large, unpredictable, and not something we can do much about beyond hiring good lawyers, which we already did.
The status there is that we’re still waiting for judgement on motion to dismiss.
Budget
The proposed budget for development & operations for Q2 is $542k:
Development & Operations spending in Q1 has been reduced by 57% compared to the Association’s Q1 '25 spending - and by 78% compared to Q1 '24.
Builder and Software & Services categories stay the same. In Builder, we leave some buffer in case we need outside code reviews.
Legal and Admin expenses are expected to be higher in Q2 than in Q1. The $100k Buffer is also primarily meant to cover unexpected legal expenses.
Here’s the consolidated DAO budget for more visibility:
This decision also approves the Marketing & Discord quarterly expenses of $17.1k, which are separate from the Dev & Ops budget.
Vote
- Yes - Approve the Q2 budget as specified above
- No - There’s a better way
