Requesting funds to create a small pilot program that would give voting grants to 10 people.
Total Budget Requested The budget is 10 delegates X 5,000 $UMA each = 50,000 $UMA.
Most or all will be given back to the DAO at the end of the program. The only reason it would be fewer is if one or more delegates staked without voting and lost some of their stake.
These 50,000 $UMA would be requested to be sent to a Risk Labs multisig address. Risk Labs would then be responsible for setting up and deploying this program. RL would be the custodian of all 10 cold wallets.
At the end of the program, RL would reclaim the StartingAmount from each cold wallet and send the remainder to the associated hot wallet. Then, all the base amounts would be returned to the DAO. As mentioned above, there is a possible scenario where some wallets have a lower balance, in which case the DAO would eat the loss (the loss that was distributed evenly among ya’ll good voters.)
Requested: 50,000 UMA Destination multisig: 0x8180d59b7175d4064bdfa8138a58e9babffda44a