GM 78.1 : Defi Beats 6 More Months

Summary: Extend Defi Beat’s role as Treasurer for the first half of 2024 (Jan - June 2023)

Stipend: 2,000 USD / Month (no change)

250 USD / Month for accounting software (38% increase but needed to stay compliant)

What’s Changing: Accounting software allowance changed to $250

Operations: 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.

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

Opportunity for more

I am keeping my retainer lean in order to keep DAO commitments low in this late bear/early bull market. If there are important tasks missing I’m happy to have a conversation about adding them.

Payout amount

Max 2250USD/month : 13500$ in total.