Title: YIP-21: Create a general expense account and reimburse HodlDwon. Author: @Feddas Forum discussions: Create a general expense account and reimburse HodlDwon for V3 Contract deployment contribution.

Basic Summary

Hi YamFam, we need a general expense account, currently the Full-time developers have just been paying for this out of pocket. We also need to reimburse @HodlDwon 15ETH that he paid for Yam V3 Smart Contract deployment on Sept 17 2020.

Abstract

This proposal is to create a general expense account and fund it with $5000 from the treasury for:

• Yam infrastructure expenses • Development / collaborative tools • Gas costs • Small misc expenses directly related to Yam • Minor marketing/contest rewards for community members.

In addition, A reimbursement to HodlDwon for 15ETH that he paid for Yam V3 Smart Contract deployment on Sept 17. Gas costs were extremely expensive at that time. Thank you @hodldwon for contributing to this.

All expenses will be documented and a transparency report will be available. When funds are low in the account, a request for additional funds will be made.

Specifications

Create a multi-sig wallet where 2/5 of the full-time contributors (person requesting the funds cannot sign) need to sign in order to distribute any funds. The funds will only be used to reimburse already paid expenses. In order to receive funds a receipt and expense report needs to be submitted.

1. Fund multi-sig wallet with $5000 worth of yUSD
2. Reimburse HodlDwon 15 ETH