BPGP#2: BP Q3 DAO Expenses

BlackPool keeps growing on all fronts: TVL, number of verticals, contributor head count
Operational costs … and like any successful project, the DAO has regular expenses to maintain itself.
To ensure transparency, at the end of each quarter the DAO publishes the planned expenditure for the following quarter. This proposal outlines in detail the estimated DAO costs for Q3 2022.

Summary:
Send funds from the Treasury Multisig to pay for the DAO expenses for July/August/September : Infrastructure, Admin & Tooling, Travel Expenses, Dev/Tech compensation and Contributor rewards.

Rationale:

This proposal seeks approval for the DAO expenses for Q3 2022. Below are added the expected expenditure for the third quarter.

BlackPool DAO 07/2022 08/2022 09/2022 Q3 costs Reserve Budget Q3
Hosting (+10% reserve) 13,845 13,845 13,845 41,535 4,154 45,689
Dev/Tech compensation (+10% reserve) 13,953 13,953 13,953 41,860 41,860
Events/Marketing 0 0 0 0 0 0
Travel expenses (+10% reserve) 3,900 3,900 3,900 11,700 1,170 12,870
Admin (+10% reserve) 8,627 8,627 8,627 25,880 2,588 28,468
Tooling (+10% reserve) 7,508 7,508 7,508 22,523 2,252 24,775
Audits 0 0 0 0 0 0
Subtotal mainnet expenses 47,833 47,833 47,833 143,498 10,164 153,661
Contributors (+ 25% reserve) 90,963 90,963 90,963 272,889 68,222 341,111
Subtotal Polygon expenses 90,963 90,963 90,963 272,889 68,222 341,111
Total BlackPool DAO Q3 expenses* 138,796 138,796 138,796 416,387 78,386 494,773

Figures in USDC for Mainnet and sdam3CRV* for Polygon*
*** 1 sdam3CRV is worth 1.13 USDC at the time of writing*

Mainnet expenses:

IT & Tech Infrastructure:

All IT & Tech infrastructure will be provided as a service by an external partner focused on Administration and maintaining.E.g: AWS, Vercel, Github, and other tools and services needed by the DAO. Thus, this section includes: admin costs, tooling costs and server infrastructure. For all the previous item costs mentioned the budget required is 89,939.00 USDC/Quarter.

  • Servers infrastructure estimated cost: 13,845 USDC/month

  • Reserve (10%): 1,385.00 USDC/Quarter

  • Admin costs: 8,627 USDC/month

  • Reserve (10%): 863.00 USDC/Month

  • Tooling costs: 7,508 USDC/month

  • Reserve (10%): 750.00 USDC/Month

Dev/Tech compensation

In the third quarter, the DAO will reward various developers and techs working currently on monitoring and improving BlackPool’s products. A compensation of 13,953.00 USDC/month is planned for these contributors.

Total Dev/Tech compensation Q3 budget: 41,860.00 USDC.

Travel expenses:

In order to promote the DAO, establish and maintain partnerships, business trips are planned in Q3, the expenses allocated to these travels are 11,700.00/Quarter .

  • Travel expenses estimated: 3,900.00/month
  • Reserve in case of additional fees (10%): 390.00 USDC/month

Total travel expenses Q3 budget: 12,870.00 USDC/Quarter.

Polygon expenses:

Contributors:

The contributors rewards are estimated to 272,889.00 sdam3CRV/Quarter for their work:

  • Contributors rewards estimated cost: 90,963 sdam3CRV/month
  • Reserve 25% in case of new hires: 22,741 sdam3CRV/month

Total contributors Q3 budget : 341,111 sdam3CRV
DAO estimated cost for Q3 2022: 143,498.00 USDC + 272,889.00 sdam3CRV
Reserve for Q3 2022: 10,164 USDC + 68,222 sdam3CRV
Total DAO estimated cost for Q3 2022 : 153,661 USDC + 341,111 sdam3CRV

Voting options:

  • Yes, accept the DAO expenses
  • No, reject the DAO expenses
  • Abstain

0 voters

Just like the quarterly reports, an exercise of transparency laying the foundations of the Blackpool DAO.
I support it.

1 Like