[Temperature check] Treasury Proposal

• Title: Budget Proposal Temperature Check
• Author: Operation Team
• Related Discussions: https://discord.com/channels/1003867767180644414/1021770756599853130
• Submission Date: 2022/10/31

Simple Summary:

The construction of the MultichainVerse by MultiDAO requires financial support. It funds activities—marketing, business development, project incubation—that grow Multichain, and generate more profit to distribute to veMulti holders and increase revenue in addition to existing protocol fees.

Abstract

The purpose of MultiDAO is to build a cross-chain ecosystem as our MultichainVerse. The methods to achieve that are by enhancing marketing collaboration, developers supporting service, project incubation, deeper level business development, etc. In doing so, Multichain established an operation group from veMulti holders to kick off the MultiDAO in early August.

The purpose of the current governance structure or requirements in MultiDAO is to aim for an efficient and long-vision group that makes sure the process of establishing MultichainVerse is happening in a sustainable way. For details of the purpose please check the statement from the project team, Here: https://discord.com/channels/1003867767180644414/1029639360838111316

Motivation

According to the previous discussion in the MultiDAO TG group, many people raised questions about the proposal to lock a new veMULTI from the uncirculated MULTI, the percentage of SBT score, etc. It is apparent that there are many misunderstandings and a lack of information that help holders make informed decisions. The operation group will endeavor to be more clear and forthcoming with its proposals and plans in the future.

Establishing the Treasury, while reducing fees from veMulti holders by ~20%, is expected to generate new streams of income, and increase the profit and value of MULTI in the long run. Beyond mere profitability, this move aims to cement multichain as the top cross-chain provider in the crypto space. We could get a peek at the roadmap and budget forecasting pics. There are many solid actions that are to build the cross-chain ecosystem. Besides that, the operation group will release a quarterly report that includes the project/dev collaboration activity, project incubation, or major operations.

Roadmap:

Budget Forecasting:

Specification & Rationale:

- Benefits

• Supporting people/teams that actually help with the ecosystem
• Supporting more types of incubation/events in MultiDAO
• Supporting Guilds to build with different function segments
• Support MultiDAO establishing ecosystem collaboration with major projects

A sufficiently resourced treasury could help MultiDAO have a more agile response rather than submitting a new funding proposal for every need of the rapidly changing web3 world. This way, we aim to improve and develop great products, broaden business development width, and establish more strategic ecosystem partners. With the special collaboration with different projects and partners, MultiDAO members could get exclusive offers from different projects, such as whitelist or airdrop from different projects. The MultiDAO, together with its proposed funding mechanism that is the subject of this vote, is how we propose to leverage the great foundation our community has built and further attract more talents to enhance it.

- The downside

• Decreasing fees for Multi Holders in the short-run