S16 - FDD Budget Proposal

This is a request to send the FDD Season 16 budget request of $384,151 to:

0xD4567069C5a1c1fc8261d8Ff5C0B1d98f069Cf47

The Season 16 budget is $349,500. (Same as S15)

The total amount requested from the treasury is $384,151*

*1) The amount of GTC requested and the value of the reserves will be adjusted based on the current market value at the time this proposal is moved to Tally using the lower of the current price or the 20 day moving average, whichever is lower.

*2) FDD received $220,000 in reserves at a GTC price of $1.95 in S14. With a GTC price of $1.66, these reserves are worth $198,349. The full amount (100%) will be rolled over to the Season 16 budget request.

TL;DR

In Season 16, FDD will focus on building open source fraud defense tools to support the DAOs overall transition to the protocol. It will be done by building on our season 15 hackathon success of starting an engaged OpenData community, dogfooding our tools during gitcoin led rounds, and finding sustainable models for continued defense for Gitcoin UI, Gitcoin Grants Program, & Community Grants Programs.

We will improve our ability to quickly discover and build a modular fraud defense system (consisting of open source “LEGOS”) that communities and round owners can use to reduce fraud, allocate resources better, and promote learning between ecosystems on the new grants protocol.

In addition, by talking with round owners, we will find sustainable funding options for continuous fraud defense provided by the OpenData community.