Quantum Biology Institute Tideover Budget for May 2025 Proposal v1.1

This proposal is marked fast and as such will be in Phase 3 in Snapshot for 1 day. Hence, votes will be taken into account if posted before 3.53 PM PT on Monday, Apr 28 2024.

Proposal at: https://docs.google.com/document/d/1D3im_Xu8XBWyMOJ7Cq6ydNIqniGWmW27w0W07N6p7WA/edit?usp=sharing

Text: ——— Quantum Biology Institute Tideover Budget for May 2025, v1.1

Quantum Biology DAO Development Proposal - 012 (QBIO DP-12)

Title: Quantum Biology Institute Tideover Budget for May 2025

Summary:

Quantum Biology DAO Development proposal - 012 (QBIO DP-12) approves a grant to the Quantum Biology Institute to fund its operations for May 2025.

Background:

The Quantum Biology Institute is the premier research institute for quantum biology and also the funding source for most of the Quantum Biology DAO co-founders. This proposal is made to tide over the Quantum Biology Institute operational costs for one month; a full grant proposal covering 2025 and forecasting through 2029 has been made publicly available[1]. The Quantum Biology Institute is a registered 501(c)(3) California non-profit committed to open-sourcing their research products and educating the public about quantum biology.

This proposal is made while Phase 2 of DAO governance is being repaired (DP-10)[2]. As such, if it is approved in Phase 1 (drafting in Discord) it will immediately proceed to Phase 3 (token voting on Snapshot).

Description

1. Approval of $150,323 USD Grant for the Quantum Biology Institute

The Quantum Biology DAO will grant $150,323 USD equivalent to the Quantum Biology Institute. This grant will cover Institute operations during May 2025; a budget is included below.

2. ETH Conversion for USDC Payments

For this grant, any payments made by the Quantum Biology DAO in USDC will be made by swapping ETH from the Quantum Biology DAO treasury for USDC and sending the USDC to the Quantum Biology Institute’s Coinbase account.

3. Grant Payment Schedule

The Quantum Biology DAO will forward the amount granted to the Quantum Biology Institute without delay.

4. Budget details[3]

Staff Compensation

Geoff Anders — $0* — Geoff is not taking salary; see below. Clarice Aiello — $10,417 Alessandro Lodesani — $10,417 Jennilyn Gaitan — $7,083 Michael Montague — $10,417 Lőrinc Sárkány — $5,208 — Half-time Head of Biology — $0 — *Hired, starting Jun 1

Total — $46,875

Service Providers

Leverage (Leadership & Comms) — $10,417 — This is in lieu of Geoff’s salary. Leverage (Culture & Operational Support) — $10,417

Total — $20,833

Glendale Lab Costs

Landlord (rent) — $0* — *Slack in other areas lets us decrease this cost this month Basics (Internet, supplies, security, cleaning) — $1,035 — Adding cleaning services in Amazon (Prime membership) — $17 Various (Supplies) — $5,500

Total — $6,552

JCVI Lab Costs

Various (Supply & Tech) — $10,000 — For Michael in MD at JCVI Lab

Total — $10,000

Software

Adobe (Adobe Suite) — $35 — Cost lower than previously reported Docusign — $45 OpenAI (ChatGPT x2) — $40 Zoom — $16 Capcut — $20 Github (storage) — $0 — Changed to annual plan in March Notion (Membership for 9) — $132 — Added 2 new team members Squarespace (Website (domains, emails, etc)) — $42

Total — $365

Other

Buffer — $2,000 Various (Onboarding & Relocation Support) — $15,000 — For Head of Molecular Biology MBL (Debt Repayment) — $5,570 — Part of Tadpole experiment FedEx (Debt Repayment) — $1,970 — Shipping for hypomagnetic chamber Geoff Anders (Debt Repayment) — $41,157 — Loan was for Jan rent and security deposit, with 3% interest

Total — $65,697

Total (May 2025) — $150,323

Conclusion

Granting one month of funding for the Quantum Biology Institute’s operations will allow it to pay its staff and continue operations for the month of May 2025. During this time, design of the microscope will continue, the microbiological magnetic studies will actually begin, and the Institute’s previous debts will be paid off. This material for this budget is largely derived from the Institute’s proposed Annual Budget[1] covering the effort to advance the Institute’s publicly available roadmap[3], which details costs for 2025 and estimates costs through 2029.

[1] https://docs.google.com/spreadsheets/d/1PaFmfWVjh5WjUTH2sUn214JlnpjJram04ON8A-JpI4E/edit?usp=sharing [2] https://snapshot.box/#/s:qbio.eth/proposal/0xcd1fa9db619dc3603e643fd260af7ad965dade885597b6ee6eaf1c531cba0615 [3] More information is available at: https://docs.google.com/document/d/1D3im_Xu8XBWyMOJ7Cq6ydNIqniGWmW27w0W07N6p7WA/edit?usp=sharing [4] https://www.quantumbiology.eco/roadmap

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Note: This proposal is being voted on in Phase 3 of Quantum Biology DAO governance (token voting on Snapshot) after passing on from Phase 1 of governance (drafting in Discord). Phase 2 is currently deactivated for repair (https://snapshot.box/#/s:qbio.eth/proposal/0xcd1fa9db619dc3603e643fd260af7ad965dade885597b6ee6eaf1c531cba0615).