Discretionary Measures

Along with the Discretionary Community Grants, this proposal aims to approve funding discretion for the Bao team so they can move quickly on funding matters, as well as on partnerships that require discretion.

This measure notes that:

1. The team may at their discretion use up to 2.5% of unlocked Bao in the treasury funds (dev fund, LP fund, community fund) for its proposed purposes without a vote. (For example, the dev fund can be used for development bounties for an integration with a partner without a vote or announcement, especially in the event that the partner does not allow pre-announcements)

2. Any amount exceeding the 2.5% threshold would require a community vote. However, this amount is bumped to 5% if having a public vote would jeopardize the partnership.

3. In total, no more than 20% of the unlocked Bao can be spent in a discretionary manner (without a vote) each year.

4. Where possible, even if the amount is under 5%, the team shall favor having a vote where possible.

5. This extends to the treasury funds bao (dev fund, community fund, lp fund) but not to LP token fees or the founder reserve which have been separately outlined.

6. Separate discretionary funds (such as the community discretionary fund) shall supersede this measure.