S17 - Gitcoin Allo Budget

This is a funding proposal for the Gitcoin Allo Workstream requesting the ratification of budgetary funds for Season 17

TL;DR This season the Allo workstream will be focused on transitioning from alpha to beta, with Eth Denver / the April Gitcoin rounds as key milestones and inflection points.

Our team is focusing on work for both Allo Protocol and Grants Stack, each with associated S17 outcomes:

Allo Protocol: The goals for Allo this season are finishing Protocol v0 and beginning to get builders working with the codebase. Our two Allo-focused outcomes are: Enable Payouts v1 Engage the developer community

Grants Stack: The primary goal in S17 is productizing QF rounds on Grants Stack. We received valuable feedback during our alpha period and want to focus on addressing so both our Grants Program and self-serve customers can run successful QF rounds. Our outcomes are: Improve the project application and review flows Build a project reputation system Provide an easy, intuitive QF round experience

Our request is to have funding to fulfill these objectives as outlined in our governance post. Gitcoin Allo (GA) is requesting $803,533 for S17, and we plan to maintain a standard reserve of 60%. Due to price increases from when the S16 budget was funded, absorbing the Moonshot Collective treasury, and strong diversification, we are actually only requesting roughly 165K GTC ($290K) this season to maintain our full budget and reserves.

*The GTC total will be adjusted based on the current market value at the time this proposal is moved to Tally. In this post, we used a $1.75 conversion rate. The vote will request the $USD amount in GTC at the lower of the current price or the 20 day moving average.

Full details: The full budget and conversation can be found on the governance forums: Integrated: https://gov.gitcoin.co/t/s17-proposal-integrated-gitcoin-allo-budget-request/12920 Draft: https://gov.gitcoin.co/t/s17-proposal-draft-gitcoin-allo-budget-request/12739