GM85.1 : Extend Defi Beat's retainer for 6 months

Summary: To extend Defi Beat’s role as Treasurer for the second half of 2024 (July - December 2024)

To expand his role to cover helping the studio with reporting requirements

Stipend: 2,000 USD / Month

250 USD / Month for accounting software

Opperations: To assist the DAOs day-to-day operations as it relates to inflows, outflows, and accounting. To work with professionals (Lawyers and Accountants) to ensure we are doing everything by the book.

Reporting and Taxe:

Categorizing expenses in accounting software for both the Association and the Studio.

Running monthly, quarterly, and annual reports for tax filing purposes.

Treasury Management: Our goal remains to aid the DAO in generating yield while taking into account the larger DAOs risk tolerance.

Risks: Investment risks on a small portion of our treasury

Spending treasury on salaries but not seeing any tangible benefits

Day-to-Day Operations:

Monitoring the treasury on a regular basis to spot oddities or opportunities for diversification

Paying contributors and the studio - i.e., wrangling multi sig signers

Updating our accounting software to ensure transactions are tagged appropriately

Working with our Tax professional to ensure we are compliant with all Swiss tax laws

Diversifying our treasury by swapping into more stables Providing paperwork to contributors and accounting firms to ensure we are compliant with whatever jurisdiction we end up incorporating in.

Impact on treasury Total spend = 13,500 USD over 6 months.