SIP-00028: Should we fund the tools committee with an annual budget?

Authors: @nico, @dropnerd, @kb1900 @synth

Purpose

To supply the tools committee with capital and an annual budget to make relevant purchases for SharkDAO.

This will enable us to deploy and maintain workspace tools necessary for productivity and growth.

Summary

This proposal provides initial cost estimates and an annual budget request to fund tools committee.

Amount requested for first year budget: 6 ETH

See details below for cost breakdown

Details

This is a list of planned, current and forecast annual tool expenses

Planned:

• Notion: workflow platform that will help us to organize and store ideas, collaborate on projects, and track contributor activities across the org.

  - estimated cost/yr for 50 users: 1.5ETH
  - current projected need is for ~30 users, we plan to add/remove as needed
  - if we scale workforce we can request a quote for enterprise package pricing
  

• Coordinape: payment system for contributors that we will be testing pending approval of SIP-00024 - free service 0ETH

• Sesh.fyi: calendar plugin for Discord, will allow us to manage event planning, RSVPs, etc: .02ETH

• Budget to expand bots in use: .2 ETH

Ongoing:

• Vercel: currently free 0ETH

• ENS registration: .02ETH

• Discord: currently free 0ETH

• Bots: currently .03ETH

Forecast:

• Utopia or some other big picture expense & financials management tool .4ETH

• sharkdao email(s): 5 users at $6/mo .1ETH

• cloud storage: when we need it 3TB for .1ETH

• github teams: or similar $4/mo/user x20 .3ETH

Reimbursements

Most of these costs are paid by volunteers and reimbursed by the multisig. We should budget 0.01ETH for gas x 100tx payments: 1ETH

Total Estimated Expense

from the above estimates: 3.67ETH

6ETH annual budget gives us a comfortable margin for growth while still being low operational overhead (we’ve raised ~800ETH in <2 months)

Logistics

If the proposal is granted, budgeted funds will be earmarked for tools committee spending.

We will opt to pay in SHARK tokens whenever possible.

Spending up to the budgeted amount annually will not require further proposals or snapshots.

Budget review will occur quarterly within the tools committee for the first year.

Risks

Limited spending oversight may result in overspend

• we believe this risk is outweighed by the overwhelming need for tools in order to improve DAO productivity

Tools committee enters into unfavorable contracts

• limit contract durations to 1 year or less, utilize trial periods for testing tools when possible