RIP-16: Treasury Allocation Q4 2023

SUMMARY: This proposal will seek to create a breakdown to deploy community treasury funds responsibly for high-priority items for the Q4 2023 timeframe (October 1st 2023- December 31st 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 Q4 2023 budget will primarily focus on supporting the evolving open source developers, the current core members, increasing inbound contributors, and deepening the ResearchCoin liquidity.

PROPOSAL: We propose to have the following high level breakdown of assets in the treasury with a budget of 2.5 million RSC for Q4 2023. All percentages/amounts are the maximum percent that can be allocated for that category unless voted on:

• 50% (1.25M RSC) - community leads bounties - (maximum for Q4) for Community Leads monthly compensation. This includes operations, governance, coordinating partnerships, coordinating contributors, moderation, marketing & events, growth and overall organization.
• 12% (300K RSC) Open Source Developer fund (maximum for Q4) - 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.
• 18% (450K RSC) general contributors (maximum for Q4) - This can include events/actions such as payment to guest speakers, legal expenses, Youtube and social media content creation, journal clubs, online conferences and hackathons including SciCon2023.
• 20% (500K RSC) Liquidity (maximum for Q4) - This will include any methods for bootstrapping or adding liquidity to RSC

ACTION: For the Q4 2023 timeframe, we will deploy treasury assets in a flexible manner that adheres to the above percentages. In addition, if any situations arise, Community Leads will 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.