XIP#48 - Extend DevOps services offered for one year

Authors

Core Team

Summary

This proposal is intended to clear budget to extend the DevOps services Bart offers, under contract with UPLY LTD, to support and improve NFTX systems operations, security and ongoing development work over the next 12 months.

Rationale

Having dedicated DevOps resources throughout the majority of 2023 has proven crucial for ongoing development work around NFTX V3 as well as beneficial overall for NFTX.

Improvements made to systems operations and systems security capabilities led to more performing, more reliable, more secure, and - at the same time - cheaper systems that will scale better without presenting a risk to our runway (eg. as many SaaS solutions do).

Additional support around ongoing development work enabled faster progress toward reaching NFTX V3 while providing better developer experience, security, and operability of services we run. Having a dedicated DevOps resource also allowed the rest of the core team to focus on their specialized roles.

Moving forward, it is essential for NFTX to continue having a dedicated DevOps resource to maintain the momentum we have achieved so far and retain the leading position and market advantage we have built in the NFTfi space.

Opportunity

• We have the opportunity to continue working with Bart, which we have experience working with, and are happy with the results so far.
• Contracting UPLY LTD for the next 12 months will allow us to continue operating at peak efficiency and give us the best chance of retaining our leading position and market advantage in NFTfi space
• We will be able to continue making improvements to our systems operations and systems security capabilities so we can comfortably provide the best user experience to our users while keeping our systems secure, reliable, performant, and robust

Risks

None noted.

Specifications

Contracting UPLY LTD for 12 months will render them responsible for:

• Ensuring long-term scalability of the platform
• Increasing reliability, security, and robustness of our infrastructure and systems
• Streamlining the relationship between developers and infrastructure
• Explaining, documenting, and implementing solutions for new features and complex problems
• Championing security, speed, performance, availability, and quality

Bart will be the primary representative of UPLY LTD. In the event that Bart is unable to fulfill duties, UPLY LTD will provide a suitable substitute resource to ensure uninterrupted service and fulfillment of agreed obligations.

Extension of the contract after 12 months will require a new proposal. Contract can be terminated at any time, by either party.

Funding request - Yes

To contract UPLY LTD for a 12 month period equivalent to a 1 FTE capacity, we’d like to offer the following competitive package, for which funds are required from the DAO treasury.

• USDC 175000 12-months vesting schedule using Sablier, or invoiced quarterly if required.

• NFTX (Worth 75000 USD total/y) paid on a quarterly basis, calculated at spot price each quarter.

Quorum

• Minimum Quorum: More than 10% of circulating, non-treasury NFTX must participate for a proposal to Pass.
• Passing Threshold: More than 66.6% (2/3rds) of voting tokens must vote FOR for the XIP to Pass. For changes to the NFTX contract, more than 70% of voting tokens must vote FOR the XIP to pass towards on-chain voting.