RIP-12: Treasury Allocation Q3 2023

SUMMARY: This proposal will seek to create a breakdown to deploy community treasury funds responsibly for high-priority items for the Q3 2023 timeframe (July 1st 2023- September 30th 2023). In order to prevent congestion by posting numerous proposals, improve the pace of execution and remain flexible with our strategies, we propose to allow the community leaders to deploy funds in a responsible manner that adheres to the percentages outlined below.

MOTIVATION: The Q3 2023 budget will primarily focus on supporting the evolving Open Source Developers and for the marketing and community events working group.

PROPOSAL: We propose to have the following high level breakdown of assets in the treasury with a budget of 2.5 million RSC for Q3 2023. All percentages/amounts are the maximum percent that can be allocated for that category :

• 50% (1.25M RSC) - community leads bounties - (maximum for Q3) for Community Leads monthly salary. This includes operations, governance, coordinating partnerships, coordinating contributors, moderation, marketing & events, growth and overall organization.
• 12% (300K RSC) Open Source Developer fund (maximum for Q3) - These will be used to compensate open source developers in completing bounties as they pertain to open issues on the ResearchHub Github and towards development of a reputation algorithm.
• 19% (475K RSC) general contributors (maximum for Q3) - This can include events/actions such as payment to guest speakers, legal expenses, Youtube content creation, journal clubs, online conferences and hackathons including SciCon2023.
• 19% (475K RSC) liquidity (maximum for Q3) - This will include any methods for bootstrapping or adding liquidity to RSC

ACTION: For the Q3 2023 timeframe, we will deploy treasury assets in a flexible manner that adheres to the above percentages. In addition, if any situations arise, we (Community Leads) ask to be able to deviate from these percentages in a responsible manner. A new treasury allocation proposal will be submitted each quarter to reflect the intentions for deploying funds for that period of time. All leftover funds from previous and current budget proposals will be earmarked as “reserves” and will remain in the community treasury going forward. These reserves can be used to cover any costs for future projects/expenses contingent on approval from a governance vote.