FWB Q1 2025 Budget Proposal

Q1 '25 Operational Budget (Presentation)

Q1 2025 Overview

Strategy

• FWB continues evolving the cultural hub for onchain communities, with Q1 2025 marking a significant transition period.

Four core pillars:

• Token migration to base
• Community growth through membership and partnerships
• Revenue diversification
• Runway preservation

Financials

Core operating expenses reduced by 10% in Q4, extending the treasury runway to 13–15 months of runway (contingent on fluctuations of ETH) as of January 2025. We are proactively conducting budget reviews and monitoring ETH market conditions for optimal conversions.

Since 2023, we have reduced our core monthly operating expenses by 75%.

Key Initiatives

Token Ecosystem: Migration to Base network

The $FWB token migration from Ethereum to Base is expected to take place mid-Q1. Despite significant delays due to a number of moving parts in implementation, the core team has prioritized launching the migration in a way that enhances token accessibility and stability for the community. We are currently exploring compliant liquidity management support to ensure:

1. Deep, stable liquidity to minimize price fluctuations and volatility.

2. Risk mitigation, protecting the pool against vulnerabilities or potential exploits.

Token Ecosystem: Launch of $Benefits token

A few community members raised concerns about the $Benefits launch as it relates to the token migration proposal. We took the suggestions seriously and spoke with counsel to understand our obligations further.

The primary objective of the PartyDAO was to secure 100 ETH for a new $FWB <> ETH LP, and we were successful in doing so. As part of that objective, $Benefits was promised in exchange for donations to the PartyDAO. Pausing or not launching $Benefits opens the possibility of having to return all contributions based on the explicit promise to anyone who donated. To ensure the token migration to Base goes smoothly with a deeper LP, we will proceed with launching $Benefits.

Token Ecosystem: TWAMM implementation on Uniswap V4

In September 2023, the FWB community voted on a proposal to allocate a percentage of projected revenue to regularly buy back $FWB from the open market. Replenishing the DAOs’ treasury through the TWAMM ensures a sustainable flow of tokens for ongoing community engagement, experimentation, and long-term value creation.

Large orders impact price from imbalance in liquidity pool assets and invite MEV when validators manipulate transaction orders to maximize profit. This combination results in poor execution and excessive fees for the DAO. Instead, we worked with Uniswap to develop a hook that splits the order over time, letting the market smoothly adjust to thousands of swaps instead of doing it in one go.

Membership

As part of an ongoing effort to enhance community engagement and value, FWB is implementing changes to the DAO’s membership structure and offerings in Q1 2025.

Enhancing Membership Benefits

A focused resourcing on member benefits to provide…

• Access to specialized resources, tools, and content.

• Opportunities to participate in impactful projects and activations.

• Pathways to connect with broader industry ecosystems.

Trend Key Proposal

What’s New: An upcoming proposal for a new “Trend Key” system that mirrors the successful Event Key model, enabling members to apply for grants to build projects aligned with emerging trends in technology and culture.

Purpose: The initiative is designed to…

• Keep FWB on the cutting edge of innovation.

• Support members in realizing impactful projects that reinforce our cultural and technological leadership.

• Foster grassroots participation and creativity within the community.

Process: Members can apply for grants through a transparent and streamlined process, ensuring access to resources that align with DAO priorities.

Event Key V5 Proposal

An upcoming proposal for the 5th iteration of the event key program, enabling community members to host FWB branded events anywhere in the world.

Community Council Proposal

An upcoming proposal for the 2nd iteration of FWB’s community council. This initiative builds on the successes and learnings of the 2023-2024 council while aligning the council’s role more closely with FWB’s evolving goals.

Objective: Refine and enhance the Community Council’s structure to better support FWB’s collective vision and operational objectives. The proposal emphasizes:

• Stewardship of FWB’s community and governance

• Greater alignment between council and core team’s priorities

• Increased opportunities for member contributions through transparent processes

Revenue & Partnership Growth

1. Q1 revenue Target: $129K

2. FEST25 planning with a goal of $1.3M in revenue with a blend of ticketing tiers

3. Expanding partnerships to support ‘creative techpreneurs’ within the FWB ecosystem

Global Builder Partnership

FWB is launching a global program in collaboration with [to be announced ] that redefines how apps are built within a top-tier ecosystem. The program will feature hubs in New York City, Buenos Aires, and Toronto, complemented by a robust online component to maximize accessibility and participation. Designed to empower innovative builders, the initiative provides an opportunity for FWB members to showcase their creativity and technical expertise through a competitive hackathon, with winners earning a chance to participate in the program.

FEST25 Planning

Key Q1 milestones include:

• Finalizing the narrative framework and branding for GTM

• Developing programming tracks

• Sourcing community activations

• Securing commitments for 25% of partnership revenue.

Key Metrics

1. Revenue

• Q1 revenue of $129K from existing partnership commitments and special projects.

• Continued focus on reducing the monthly burn rate while maintaining operational efficiency.

3. Community Programming

• New membership initiative to deepen engagement among creators and technologists, featuring workshops, mentorship, and networking.

5. Membership Relaunch

• Relaunch membership with a new benefits tier that focuses on education & building by the end of Q1.

• Work with key industry infrastructure partners to provide tooling for members who want to build along with education on new developments.

• Introduce a new revenue stream and reengage members and new audience.

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Remainder of proposal + recap available here due to Snapshot character limits.