DRS Budget Proposal (3 Month Runway)

Overview

This proposal is aimed to secure a budget pool for rewards for the upcoming main seasons and mini seasons of our DRS through Zealy.

Goals

The main goal of this proposal is to reward individual holders who actively participate in the DRS through rewards like NFTs, Tokens, Etc.

FrankenDAO Benefits

1. Value being provided back to active community members
2. Boost overall project engagement
3. Attract new people to the Frankenpunks ecosystem and re-engage old community members (Hopefully)

Timeline

This budget proposal can go into effect immediately after going through the necessary proposal process & allows for a 3 month runway for the DRS.

Execution plan

The funds for the DRS Budget will be held in a Gnosis Safe(Alpha Trading Wallet) until the time of release for those funds after the concluding of each respective season. Following the conclusion of each season, the funds will be sent to a safe/unused hot wallet and will be dispersed to each winner from that wallet to minimize gas costs for each transaction.

Execution of this proposal over the 3 month runway is as follows: 1.) Total Budget Amount= 5 Ethereum 2.) 3 Main Seasons (Lasting 1 month each)--> Budget= .75-1 eth/season 3.) 6 mini seasons (Lasting 1 week each)--> Budget= .2 eth/season -Alternative for the mini seasons is running 12 seasons (lasting 3 days each) and maintaining a budget of .1 eth per mini season. This will be felt-out after the first main season concludes and decisions will be made from there on how to proceed with the mini seasons.

-Example: Main Season 1 Payout breakdown (.75 Eth Budget for Main Season 1): (Future main seasons will have similar payouts) 1st.) .175 Eth 2nd.) .10 Eth 3rd.) .075 Eth 4th.) .06 Eth 5th-7th.) .05 Eth 8th-10th.) .03 Eth 11th-20th.) .01 Eth

Budget and fund utilization

1. Each main season will have a budget of .75-1 eth max for the first 3 months & the payout structure for participants will vary season to season based on number of participants and community feedback.

• Following the conclusion of each main season, winners will be required to open tickets and claim their prizes
• Prizes will be sent from a safe/unused hot wallet to the winners of each respective season directly after the funds have been sent from the Gnosis safe to the specified hot wallet.

2. The same plan remains with the Mini Season winners as the Main Season winners but will be on a more frequent time frame and with smaller rewards for participants.

3. Any rewards that are not claimed for any reason will go back into the DRS budget pool and will be used for future main or mini seasons.

What areas of the community does this touch?

General, FrankenDAO

Proposed transactions

Transaction #1

FrankenDAO sends 5 $ETH to 0xC926e0aB73e0B962821f90C5333a39C4170689a9