Executable EGP 23 - GTF Budget Extension

Specifications

As voted and given the fluctuations of NEXT price we'll be submitting another executable proposal in order to upfront the GTF compensations for the remaining of the 6 month mandate. Although the original proposal included a 20% buffer to address this situation, it ended up falling short to secure the operational expenses of the GTF due to the abrupt changes of the token price. It is worth mentioning that the buffer is contemplated within this request.

Used funds correspond to team member compensations of all three positions of the GTF which have been fulfilling their roles to the utmost of their capacity. A final report with details of the GTF actions is in the works but we expect our contributions to be visible on a day-to-day basis. You can also check our homepage and communication thread to go through our activity and updates.

Budget wise, payments and info is reflected on the multisig tracksheet but the breakdown is as follows:

• 139,381 NEXT (18,000 USD) have been spent for the Aug - Oct compensations

• 185,567 NEXT (18,000 USD at 7-day VWAP from Coingecko - $0.097) are to be spent up until Jan.

• 73,763 NEXT (38,239 + 35,524 buffer) are left in the multisig.

• 111,804 NEXT + 500 USD Opex fund (5,154.64 NEXT) is the gap to be requested

In order to avoid yet another resubmission, we will additionally request a 50% buffer which will return to the DAO treasury if unused, ending up in a total of 175,438 NEXT to be requested, including as well as a 500 USD fund (to be converted to ETH) for opex such as paying gas and setting up vestings in the several multisigs we manage. Funds will be sent to the current GTF Budget Multisig.

Overall Cost

175,438 NEXT