Governance Task Force - Funding requirement

Introduction

Given the approval of the proposal, “Social CGP 13 - Introducing the Connext Governance Task Force” and the designations voted by the DAO about the following positions “Program Manager”, “Operations Officer” y “Treasury Officer” the Everclear DAO Governance Task Force is formally constituted.

Therefore, in our role as Program Manager and as voted in the social proposal, we proceed to request the necessary funds to make the agreed monthly compensation payments.

Note: we’re already talking with the Foundation to complete the KYC required by the proposal.

Specifications

Quoting the first proposal:

Compensation and Financing

"The monthly budget allocated for each role is a fixed amount of 2,000 USD, which translates into a total monthly allocation of 6,000 USD.

Note: The amount in NEXT will be calculated at the time the Snapshot proposal is put to a vote. There will be a buffer of 20% to cover contingencies such as abrupt changes in the NEXT price. Any modification that leads to the use of this buffer must be properly pre-notified to the community. The Task Force reserves the right to request further funding from the DAO in the event that NEXT price changes exceed the pre-established buffer. Unused NEXT will be returned to the treasury (or may be used for the next mandate of the Governance Task Force, subject to DAO approval).

The monthly payment will be made through a 2 of 3 multisig composed of the Program Manager and two delegates who do not wish to be part of the Task Force. This should be done on a month-to-month basis for 4 or 6 months.

It will be the responsibility of the Program Manager to account for the executed payments in the monthly reports on the DAO metrics.”

Overall cost

Considering that the program was approved to be funded for 6 months, the calculation is as follows:

3 positions x 2,000 USD monthly x 6 months = 36,000 USD

Buffer 20% = 7,200 USD

Total = 43,200 USD

NEXT Calculation

We will calculate the tokens needed, using the average closing price of the token from the previous 7 days, as listed on Coingecko.

Budget = 36,000 USD @0,202679 per token = 177,621 NEXT

Buffer = 7,200 USD @0,202679 per token = 35,524 NEXT

Total = 213,145 NEXT

Multi-sig details

Address: 0xe672876eaF62a5125cAEc232a3952F159B966A5F (Ethereum Mainnet)

Signers:

• Ministrodolar (SEEDGov): 0x1723cA992E66ef02a541ee09503F21Ef4029271A
• Stefan: 0xc1Fff07cB5A7b4F65a1Fde2cb881Ba5aeFFb0c29
• Itu Blockchain: 0x45EDBf38Db4635B39622Eb6717136d7150C32451

Txn Simulation: https://dashboard.tenderly.co/public/Uma/uma/simulator/533bc944-900a-4afc-9d97-c227d4ed193f