Workstream Mandate: Defend Gitcoin (Grants, DAO, & future products) from threats to its legitimacy, credible neutrality, and sustainability.
FDD is requesting $879,000 (93,500 GTC*) to fund Season 13 (S13) and replenish its reserves for S14.
High Level Budget Breakdown Season 13 Budget Total = $596,295 = 74.1k GTC ($8.05/GTC*) PLUS Season 14 Reserves = $596,295 Total Needed = $1,192,590 MNUS Current Reserves = $313,000 Total Amount requested at this time = $879,590 =109,265 GTC ($8.05/GTC*) *Prices last updated 2/16/22
The GTC total will be adjusted based on the current market value at the time this proposal is moved to Snapshot and to Tally. The vote will be to send $879,590 in GTC at the current price when moved to Tally or the 20 day moving average (whichever is lower).
FDD Season 13 (Q1) 2022 Budget 8
TL;DR
Season 13 Financials Season 13 is $155k increase = 34% budget increase Season 13 Round Deliverables:
We currently have 18 outcomes for the next 90 days. Each outcome has 3 measurable key results that will determine if we achieved the outcome. Ground Control (Operations)
Sybil Defenders
Grants Investigation Agency (GIA)
This budget was reviewed by many stakeholders including the FDD Multisig Oversight Council, other workstream leads, and some Gitcoin Holdings team members. One question that came up multiple times was “If you had to slash $x from your budget, do you know what you would cut?” The answer is yes. However, it wouldn’t be to the benefit of Gitcoin. We could operationally function at half this budget for GR13, but we wouldn’t be doing anything to build scalability into our tech or our processes.