Intro
Hi all
In July there was a governance vote that passed authorizing the treasury to cover infrastructure costs. The overarching requirement was:
This proposal is to continue with the process
Motivation We are now approaching the end of this period and would like the community to approve an extension up to the end of March 2023 Month End.
Included is a visual representation of the monthly infrastructure costs since the start of the year.
Since May we can see that not only have costs reduced, but they have also stabilized at around $5k per month. As a result, as part of the extension, keep the cap at $10k a month.
Infrastructure costs include but are not limited to:
Risks There is a risk that infrastructure costs can become quite substantial. It is for this reason a monthly cap is applied. If there is a month where there is a valid overspend, a separate proposal (with support) will be raised to gain approval for the excess amount.
Impacts and Specification
Treasury - Will continue to carry the monthly infrastructure cost Impact on previous BIPs - This proposal serves as an extension of BIP 23 that runs until the end of October https://snapshot.org/#/beets.eth/proposal/0x8759f2f5a2eef55a4438c1bc2566651cba0fda5684dcbd371dfe94aa17828b39
Team - none Other contractors or consultants - None Tokenomics - None Other committees recognised by the DAO - None
Execution plan The DAO treasury covers the infrastructure cost of Beethoven X up to a maximum of $10k per month, this would be for an extension of five months (starting with November) up to and including March 2023, totaling a maximum of $50k.