Blackpool DAO Expenses for March 2022

BlackPool DAO Expenses for March 2022 Forum post: https://gov.blackpool.finance/t/blackpool-dao-expenses-for-march-2022/164

With BlackPool growing on all fronts—TVL, number of verticals, contributor head count—operational costs are steadily increasing. This is a good problem to have, as a barometer of our success, but it means we will need to stay organized, strategic, and transparent in our spending.

Summary: This proposal outlines in detail the costs incurred by the DAO in March, 2022, and seeks approval. Going forward, we will publish these expense reports on a regular basis as we push to develop best-in-class operational practices.

Rationale: The goal of this proposal is to bring more transparency to the BlackPool treasury. A governance framework is already in work (and should be ready next month), which should facilitate better visibility of the governance, and present a monthly budget for the DAO costs.

This proposal seeks approval for the DAO expenses for March 2022.

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

• Effective cost servers infrastructure: 11,250.00 USDC
• Reserve 15% infrastructure budget : 1,750.00 USDC
• Effective Admin & Tooling costs: 7,915.00 + 4,765.00 = 12,680.00 USDC
• Reserve 6.5% Admin & Tooling budget : 820.00 USDC Total monthly costs: 26,500.00 USDC

Legal & Tax: As regulation and AML rules are getting tighter, the DAO must have a solid legal base on which operations take part. The DAO will continue to mandate an experienced advisory already working with major projects on the blockchain.

• Effective Cost for the Legal & Tax expense: 24,670.00 USDC
• Reserve 25% in case of additional legal costs: 6,330.00 USDC Total monthly legal budget: 31,000.00 USDC

Marketing/ Events: As the DAO competes against other significant players, marketing actions like events are needed to raise awareness of DAO and improve our market presence. The budget for events and marketing is 70 000 USDC/month. The budget can be split depending on the amount of events and marketing.

• Effective cost for March events: 61,125.00 USDC
• Reserve 15% in case of additional marketing costs: 8,875.00 USDC Total monthly budget: 70,000.00 USDC

Audits: There aren’t any audits planned for now, but it can be useful to get the funds ready. The audit costs are estimated to 50,000.00 USDC/quarter, however the cost can change depending on the complexity:

• Effective Audits costs to pay for Q1 2022: 0.00 USDC
• Reserve in case of audits in Q2 2022: 50,000.00 USDC Total monthly audits budget: 50,000.00 USDC

Polygon expenses:

Contributors: The contributors rewards are estimated to 35,145 USDC/month for their work:

• Effective contributors rewards for March 2022: 35,145.00 sdam3CRV
• Reserve 25% in case of new hires: 8,855.00 sdam3CRV Total monthly contributors budgett : 44,000.00 sdam3CRV

The total of the reserves is 67,775.00 USDC + 8,855.00 sdam3CRV. These reserves should be used to generate a yield if unspent.