TL;DR: Allocate $550k to Q3 funding for ongoing development and operations.
Background
The general direction the Treasury Council has taken with TCDs 85 & 88 is to deprecate unprofitable products, minimize maintenance costs, and focus on building the new product.
As the transition efforts are still ongoing, this budget proposal is directionally correct and the best estimate of the TC. The goal is to cut costs while increasing development capacity. To do so, we intend to keep all the technical staff employed by the Association and add contributors who focus on product & research.
The cost reductions mostly come from switching away from the Association cost structure and deprecating eBTC. Also, as the new product will be in the R&D stage, there won’t be the need for audits or travel & entertainment in Q3.
Implementation This TCD approves spending up to $550k on development and operational expenses for the DAO in Q3 (plus the transition costs for Q2). The smaller allocation decisions within this budget are to be done via emoji votes in the Treasury channel.
Vote:
- Yes, approve allocating $550k for the Q3 budget
- No, there is a better approach
