As per the third Redacted v2 Budget Proposal, the DAO was funded by a $1.200 million to $1.500 million budget from 1 June 2023 - 30 November 2023 (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 rlBTRFLY holders. During this period the DAO was c. $75k under budget for DAO expenses exc. audits and c. $70k under budget for audit expenses.
Given the ongoing negative market situation, in order to support the continued development of Redacted’s product suite, including Dinero and other exciting products, we propose a budget for salary compensation and other DAO expenses for 1 December 2023 - 31 May 2024 of $1.200 million increasing to up to $1.500 million if and when we hire new contributors, and a budget of $400k for audit fees.
As before, during this period, this budget would be funded by the stablecoins in the treasury and the DAO Reserves will receive no protocol revenue share, with its share being redirected to rlBTRFLY holders.