SUMMARY: This proposal will seek to create a breakdown to deploy treasury funds responsibly for high priority items on a quarterly basis. 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: As we begin to bootstrap the treasury, it is crucial to allocate funding to essential items that will provide a viable ecosystem for ResearchHub to flourish. The intent of the allocation is to 1) allow for more fluid RSC trading by providing liquidity 2) fund marketing initiatives 3) engage the community by providing bounties for completing useful tasks and 4) generate yield to continuously help fund the first 3 points.
PROPOSAL: We propose to have the following high level breakdown of assets in the treasury with a budget of 2.5 million RSC per quarter. All percentages are the maximum percent that can be allocated for that category : 25%: general liquidity 10%: general marketing and events 40%: Bounties and editor activities 25%: Reserves and yield farming
ACTION: For the Q2 2022 timeframe, we will deploy treasury assets in a manner that adheres to the above percentages. In addition, if any situations arise, we 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.