RIP-4: Treasury Allocation Q3 2022

SUMMARY: This proposal will seek to create a breakdown to deploy Community treasury funds responsibly for high-priority items for the Q3 2022 timeframe (July 1st- September 30th, 2022). 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: With most of the Q2 2022 budget proposal being allocated for the SciCon 2022 event, as outlined in RIP-3, the Q3 2022 budget will continue to primarily fund the community, editors, and leads for various activities and operations.

PROPOSAL: We propose to have the following high-level breakdown of assets in the treasury with a budget of 2.5 million RSC for the Q3 2022 quarter. All percentages/amounts are the maximum percents that can be allocated for that category :

50% (1.25M RSC) - community, editor, and leads bounties - 630K RSC for Community and WG lead monthly salary (30K RSC per lead per month, 7 leads total) - 120K RSC (maximum for Q3) for a graphic designer (RSC distribution on a per-project basis, 1 person) - 500K RSC for community and editor bounties

25% (625K RSC) general liquidity - Contingent on an equivalent amount of ETH present in the treasury, up to 625K RSC from the Q3 2022 budget can be used to provide liquidity to the RSC-ETH LP on Uniswap V2 (Uniswap: ETH-RSC trading pair)

25% (625K RSC) general marketing and community events - This can include events such as AMAs or journal clubs.

ACTION: For the Q3 2022 timeframe, we will deploy treasury assets in a flexible manner that adheres to the above percentages. In addition, if any situations arise, we (Community Leaders) 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.