Proposal for July-September Quarter
Requesting 9k USDC for July-Sept Quarter to renew the Coordination/Marketing Role that is currently being managed by myself (Billyjitsu) and marketing led by Narbs.
Requesting access to 40k USDC, over time, for the investments team. This will be used to earn yield over time while analyzing risk factors for the DAO. The full 40k will not be taken all at once but strategically be pulled when opportunities arise that meet certain risk criteria. The goal for the stables is to make at least an 8% return on assets used. Which would be a 3,200 return on a 365 day span. All funds would be returned. The request for the large amount now, is purely for access when the opportunities arise and having to make multiple proposals and lose out on opportunities.
What were the results from the last quarter?
The past quarter we’ve accomplished the following:
We changed the way we did things in the DAO
Our current strategy is each initiative is run solely by the team that wants to run it. Each team is responsible for their own funding/grants/partnerships etc. With this new strategy it took time for people to get adjusted and needed coordination to get things in a flow while leveraging the tools provided by Developer Dao.
Create goals for D_D Cloud initiative led by Crypdough, which is soon to be launched in July with the support and grant from Pokt Network.
- Currently we are working on a marketing strategy to get the most distribution for the launch
- The team is working on additional grants to be more self-sufficient.
Has not requested funds from the DAO
Staking has been led by K. An Arweave staking gateway and self maintaining it. We are helping him come up with ideas to help the marketing and a possible profit generating strategy in the future.
- Also coming up with a collaboration between D_D cloud and Staking
- Has not requested funds from the DAO
Ventures has a current partnership with Lilypad on a vesting schedule
- They are handling marketing posts and workshops
- Has not requested funds from the DAO
Investments has gone live
- We’ve borrowed 3.8861 ETH ~10k to generate yield for the DAO to cover services used by the DAO as a whole - Streamyard, Luma, X fees, etc
- The ultimate goal is to fund community projects
You can see the progress here: https://docs.google.com/spreadsheets/d/1NEjkTAr7OUZp78NODPpMS_Q_n-VWaUZd4m9olye4t_M/edit?gid=0#gid=0
Or Real time here: DeBank | The Real User Based Web3 Community - Has request funds from the DAO, but initial investment to returned with profit
Dev N Tell has been the longest running most consistent initiative because of Narb’s dedication.
Dev N Tell has also been awarded an Arbitrum grant as well as generating income via https://pods.media/devntell
- Has not requested funds from the DAO
Changed the multisig signers - Removed the inactive signers with active users
What’s the plan for the next Quarter?
Support for launch of D_D Cloud
- Review monetization of the D_D Staking and see what we can do to make it more self sufficient
- Ventures will continue to look for more ongoing partnerships to help fund other initiatives such as Newsletter
- Investments will analyze the strategy in the market and make any changes with the ultimate goal of funding community projects if the return is decent. Also will find a 5th trusted signer
- Dev N Tell will continue to have weekly shows while looking for more forms of income.