Redacted v2 Budget Proposal v5

As per the fourth Redacted v2 Budget Proposal, the DAO was funded by a $1.200 million to $1.500 million budget from 1 December 2023 31 May 2024 (with a budget of $400k for audit fees). During this period, this budget was funded by the stablecoins in the treasury and the DAO Reserves received no protocol revenue share, with its share being redirected to the rlBTRFLY rewards pool. During this period expenses were c. $110k under budget for DAO expenses exc. audits and c. $90k under budget for audit expenses.

In order to support the continued development of Redacted’s product suite, including the bootstrapping of pxETH and the development on the Dinero stablecoin and the Redacted Relayer, we propose a development team budget for salary compensation and other DAO expenses for 1 June 2024 30 November 2024 of $1.350 million increasing to up to $1.500 million if and when we hire new contributors, and a budget of $400k for audit fees.

During this period, this budget would be funded by the treasury and the DAO Reserves will continue to receive no protocol revenue share, with its share being redirected to the rlBTRFLY rewards pool.