BPGP 3: BlackPool Quarterly budget (Q4)

BlackPool keeps growing on all fronts: TVL, number of verticals, contributor headcount

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 Q4 2022.

Summary:

Send funds from the Treasury Multisig to pay for the DAO expenses for October/November/December : Infrastructure, Admin & Tooling, Travel Expenses, Event, Dev/Tech compensation, and Contributor rewards.

Rationale:

This proposal seeks approval for the DAO expenses for Q4 2022. Below are added the expected expenditure for the fourth quarter, and an overview of the amount spent in the third quarter.

BlackPool DAO 10/2022 11/2022 12/2022 Q4 costs Reserve Budget Q4
Admin (+10% reserve) 7,899 7,899 7,899 23,696 2,370 26,066
Dev/Tech compensation (+10% reserve) 3,272 3,272 3,272 9,816 982 10,798
Hosting (+10% reserve) 13,845 13,845 13,845 41,535 4,154 45,689
Tooling (+10% reserve) 6,386 6,386 6,386 19,157 1,916 21,073
Travel expenses (+10% reserve) 1,820 1,820 1,820 5,460 546 6,006
Events/Marketing 39,988 0 0 39,988 3,999 43,987
Sub total mainnet expenses 73,210 33,222 33,222 139,653 13,965 153,618
Contributors (+ 25% reserve) 112,167 112,167 112,167 336,501 84,125 420,626
Subtotal Polygon expenses 112,167 112,167 112,167 336,501 84,125 420,626
Total BlackPool DAO Q4 expenses* 185,377 145,389 145,389 476,154 98,090 574,244

*Figures in USDC for Mainnet and sdam3CRV ** for Polygon

** 1 sdam3CRV is worth 1.13 USDC at the time of writing

Q3 Q4
BLACKPOOL AVR Monthly Expenses AVR Monthly Expenses %
Admin 13,953 7,899 -43.39%
DEv/Tech compensation (+10% reserve) 13,845 3,272 -76.37%
Hosting 8,627 13,845 60.49%
Tooling 7,508 6,386 -14.94%
Travel expenses 0 1,820 #DIV/0!
Events 0 13,329 #DIV/0!
Audit 3,900 0 -100.00%
Sub total mainnet expenses 47,833 46,551 -2.68%
Contributors rewards 104,033 112,167 7.82%
Sub total Polygon expenses 104,033 112,167 7.82%
Total BLACKPOOL expenses* 151,866 158,718 4.51%
Total BlackPool Quarter expenses 455,597 476,154 4.51%

*Reserves not included

Mainnet expenses:

IT & Tech Infrastructure:

All IT & Tech infrastructure will be provided as a service by an external partner focused on Administration and maintenance. However, the budget required for the fourth quarter in admins and tooling decreased by -43,39% and -14.94% in comparison to Q3, whereas the one allocated to servers infrastructure will increase by +60% . For all the previous expenses mentioned the budget required is 84,390.00 USDC/quarter. This amount includes: admin costs, tooling costs and servers infrastructure (E.g: AWS, Vercel, Github, and other tools and services needed by the DAO.), 10% reserve will be added to cover unforeseen expenses.

  • Servers infrastructure estimated cost: 13,845.00 USDC/month

  • Reserve (10%): 4,145.00 USDC/Quarter

  • Admin costs: 7,899.00 USDC/month

  • Reserve (10%): 2,370.00 USDC/Quarter

  • Tooling costs: 6,386 USDC/month

  • Reserve (10%): 1,916.00 USDC/Quarter

Total IT & Infrastructure Q4 budget: 92,825.00 USDC.

Dev/Tech compensation

Introduced in the third quarter, the dev/tech compensation will be effective in Q4 too. In fact, the Dao will continue to reward various developers and techs working currently on monitoring and improving BlackPool’s products. An average of 16,619.00 USDC/month is planned for these contributors with 10% reserve.

  • Dev/Tech compensation: 3,272.00 USDC/month

  • Reserve (10%): 982.00 USDC/Quarter

Total Dev/Tech compensation Q4 budget: 10,798 USDC/Quarter.

Event:

In order to widen its notoriety, visibility, and promote BlackPool products, the DAO will organize events during this fourth quarter. A one-time cost of 39,988.00 USDC has been defined for this purpose:

  • Event: 39,988.00 USDC/Quarter

  • Reserve (10%): 3,999.00 USDC/Quarter

Total Event Q4 budget: 43,987 USDC/Quarter.

Travel expenses:

In order to promote the DAO and establish and maintain partnerships, business trips are planned in Q4, the expenses allocated to these travels are 5,460.00 USDC/Quarter .

  • Travel expenses estimated: 1,820.00/month

  • Reserve in case of additional fees (10%): 546.00 USDC/quarter

Total travel expenses Q4 budget: 5,460.00 USDC/Quarter.

Polygon expenses:

Contributors rewards:

The rewards are estimated to 336,501.00 sdam3CRV/quarter for the DAO contributions:

  • Contributors rewards estimated: 112,167.00 sdam3CRV/month

  • Reserve in case of new hires (up to + 25%): 84,125.00 sdam3CRV/month

Total contributors Q4 budget: 420,626.00 sdam3CRV.

DAO estimated cost for Q4 2022: 139,653.00 USDC + 336,501.00 sdam3crv

Reserve for Q4 2022: 13,965.00 USDC + 84,125 sdam3crv

Total DAO estimated cost for Q4 2022 : 153,618.00 USDC + 420,626 sdam3crv

The reserve should be kept in USDC on Aave in case there’s a need for it.

Voting options:

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

0 voters

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