Multi-sig proposal for proposed expenditure sign off from the DAO.

With SpiritSwap officially under DAO ownership, the multi sig is seeking approval on expenditure of a monthly maintenance budget.

The Multi-Sig can only execute decisions made by the DAO as per SpiritSwaps governance process (see the following article for reference :https://spiritswap.medium.com/introducing-commonwealth-snapshot-spiritswaps-forum-for-dao-management-32e7a782f0b8 ) as such, for the multi-sig to manage treasury funds for the basic upkeep and maintenance of the SpiritSwap protocol, the multi sig is making this proposal for the DAO to approve a set budget to pay for regular expenses.

As decentralization has truly taken hold at SpiritSwap, all management, ownership & decisions are in the hands of inSPIRIT holders, with execution of these decisions carried out by the multi-sig members.

The multi-sig are requesting a set monthly expenditure approval of $14,800 per month, from the DAO, to pay for the following upkeep expenses.

• Kek tools chart integration - $300 per month

• Admin guru staff salary: 13 mods and marketing managers who manage Twitter, Discord, Telegram, Reddit, Youtube, AMA’s - $11,500 per month

• Miscellaneous reserve: (this is a reserve amount for unforeseen expenses such as overtime for mods, bonuses for mods, additional staffing, increase in requests from our domain to AWS e.t.c). In the event that this fund is not used, it will be compounded in the Admin wallet and used as required should unexpected expenses occur - $500

• Hosting, Gitbook, Cloudflare, Jira, Github, AWS e.t.c - $2100 per month

• Fireside video editing (professional video editor who edits and uploads all fireside videos) - $400 per month

Should this budget need to increase, another proposal will be made to the DAO with an explanation as to why and what for.

Should the DAO approve this budget, the Multi-sig will have perpetual approval from the DAO to manage this SET amount within the DAO treasury, without the need for a proposal each month to further the upkeep and maintenance of SpiritSwap.

If you have any questions, you can ask them in the SpiritSwap discord server by tagging a multi sig.

Options :

Approve Do nothing

Thanks, SpiritSwap DAO multi-Sig