RIP-9: Treasury Allocation Q1 2023

SUMMARY: This proposal will seek to create a breakdown to deploy Community treasury funds responsibly for high-priority items for the Q4 2022 timeframe (January 1st 2023- March 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: Q4 2022 saw a stepwise increase in numbers of contributors, namely on the marketing front. The Q4 2022 budget will primarily focus on supporting community and lead contributors for marketing, general content creation and providing remuneration for the upcoming hackathon. 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 2022. All percentages/amounts are the maximum percent that can be allocated for that category:

50% (1.25M RSC) - community, editor and leads bounties

• 1.05M RSC (maximum for Q1) for Community lead and WG lead monthly salary (7 people total). This includes operations, governance, coordinating partnerships, moderation, marketing & events, and overall organization.
• 200K RSC (maximum for Q1) for a graphic designer (RSC distribution on a per project basis, 1 person). This includes youtube video editing, general animations, instructional videos and overall graphic design contributions.

25% (625K RSC) liquidity

• This can include the ability to use RSC, and other assets in the treasury, to provide liquidity for RSC.

25% (625K RSC) general marketing, community events and contributions

• This can include paying contributors for events such as AMAs, Youtube content creation, journal clubs, online conferences, hackathons and other miscellaneous contributions.

ACTION: For the Q1 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 and Working Group 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.