Vote 28: FiSt Pod 2nd Term Proposal

Summary

This proposal is for Gro DAO to allow the FiSt Pod (Finance and Strategy Pod) to continue operating for another 6-month term, with an additional funding request of 27,000 USDC and 8,000 $GRO.

Having been open for comments for over 6 days as a RFC Forum Post (where you can read the full proposal), the proposal will now be open for voting on Snapshot for 5 days.

DAO members can either vote:

• FOR: Extend FiSt Pod for another 6-month term
• AGAINST: Reject proposal
• ABSTAIN: No opinion on this proposal

Implementation

The proposal outlines the continuation of the FiSt Pod for another 6-month term, with an emphasis on Finance and Product Strategy.

The ultimate goal of the Pod is to secure the long-term survival of the Gro DAO by setting up a sustainable finance function, supporting the implementation of new products, and providing clear communication on these matters to the DAO.

Focus Areas

1. Treasury Management: Treasury allocation recommendations, treasury management rebalancing, treasury strategy whitelist sourcing
2. Product Strategy: Support Groda Pod in product strategy and ideation, support with execution of analytical-heavy tasks and research work
3. Strategic Finance: financial reporting and cash flow optimisation
4. Operational Coverage of Protocol Strategy Rebalancing

Composition

The Pod will consist of Bernard as part-time contributor and facilitator covering deliverables for these focus areas and dedicated support resources from the w3s team (a strategic crypto advisory firm).

The Pod aims to reserve a budget for topic-specific support from external resources or emergent high-priority tasks (as described below).

Timeline and Budget

For its next proposed 6-month term, FiSt Pod will require 30,000 USDC + 40,000 $GRO for Bernard as contributor and facilitator.

It will also require a contingency budget of 30,000 USDC for any additional need for contributions (expenditure of this additional budget will always be synchronised with People Pod prior to spending).

Because its current term has ended with budget surplus of ~33,000 USDC and ~32,000 $GRO, if the proposed extension for a 2nd term is approved by the DAO, a total of 27,000 USDC + 8,000 $GRO will be transferred from the Gro DAO Treasury to the FiSt Pod's operational wallet.

Reporting

FiSt Pod will update the DAO on its progress via monthly reports and quarterly OKR reviews; and regularly through the community channels such as Community Forum, Discord, and Telegram.

Next Steps

This vote will run for 5 days on a simple majority basis.

If Vote 28 is passed, the FiSt Pod's multi-sig will be topped up with the requested amount, and its 2nd 6-month term will run from: July 10, 2023 - January 10, 2024.

If Vote 28 isn't passed, FiSt Pod will carefully review the proposal and engage in a thorough dialogue with the community to incorporate any further feedback received to ultimately identify the most suitable solution that aligns with the community’s interests and expectations.