While setting up our processes for the GIVbacks raffle, we created an accounting error and allocated an excess GIVstream of 5M GIV to the nrGIV multisig. We have tried to revert this GIVstream, but it is not easy to do.
The nrGIV multisig is used for salary payment reimbursements which is approximately $120,000 of GIV per month. We recently transferred 40M GIV from the GIVgarden to nrGIV multisig as a top-up for contributor payments.
This proposal is requesting approval from the DAO to add an additional 5M GIV from the GIVgarden bucket to the nrGIV bucket.