2023-11 Budget Update (RPIP-10)

This vote aims to correct a budget implementation error and further increase the IMC budget.

Outcomes if vote passes

• The mismatch between intent and implementation in an earlier vote will be corrected
  • Forward-looking, the split will be corrected to match intent for both IMC and GMC
  • Backward-looking, a one-time payment will be made to the IMC and GMC from the pDAO treasury to make up for the periods since the mismatch
• The IMC's split of the pDAO's incoming funds will be increased by 16%

Rationale

The earlier vote had a math error in the implementation (as noted on the forum). This vote is to resolve the error both moving forward and retroactively via a one-time transfer.

In addition, this vote increases the IMC's portion of the inflation split by 16%, which is roughly "50% of funds that were initially going to the oDAO that now go to the pDAO". This value was arrived at mostly from a forum poll, but taking a conservative step as a starting point.

Context

• Forum thread
• PR implementing changes