Stake DAO keep growing on all fronts: TVL, number of verticals, contributor head count
Operational costs … and like any successful project, the DAO has regular expenses to maintain itself.
To ensure transparency, at the end of each quarter the DAO publishes the planned expenditure for the following quarter. This proposal outlines in detail the estimated DAO costs for Q3 2022.
Summary:
Send funds from the Treasury Multisig to pay for the DAO expenses for July/August/September : Infrastructure, Admin & Tooling, Travel Expenses, Dev/Tech compensation and Contributor rewards.
Rationale:
This proposal seeks approval for the DAO expenses for Q3 2022. Below are added the expected expenditure for the third quarter, which is 4% higher than in the second quarter.
| Stake DAO | 07/2022 | 08/2022 | 09/2022 | Q3 costs | Reserve | Budget Q3 |
|---|---|---|---|---|---|---|
| Hosting (+10% reserve) | 73,840 | 73,840 | 73,840 | 221,520 | 22,152 | 243,672 |
| Admin | 8,627 | 8,627 | 8,627 | 25,881 | 2,588 | 28,469 |
| Tooling (+10% reserve) | 8,548 | 8,548 | 8,548 | 25,644 | 2,564 | 28,208 |
| Dev/Tech compensation | 22,403 | 22,403 | 22,403 | 67,209 | 67,209 | |
| Travel expenses (+10% reserve) | 3,900 | 3,900 | 3,900 | 11,700 | 1,170 | 12,870 |
| Events/Marketing | 0 | 0 | 0 | 0 | 0 | 0 |
| Audits | 0 | 0 | 0 | 0 | 0 | 0 |
| Sub total mainnet expenses | 117,318 | 117,318 | 117,318 | 351,954 | 28,474 | 380,428 |
| Contributors rewards (+25% reserve) | 104,033 | 104,033 | 104,033 | 312,099 | 78,025 | 390,124 |
| Sub total Polygon expenses | 104,033 | 104,033 | 104,033 | 312,099 | 78,025 | 390,124 |
| Total Stake DAO Q3 expenses* | 221,351 | 221,351 | 221,351 | 664,053 | 106,499 | 770,552 |
** Figures in USDC for Mainnet and sdam3CRV** for Polygon*
*** 1 sdam3CRV is worth 1.13 USDC at the time of writing*
*Reserves not included
Mainnet expenses:
IT & Tech Infrastructure:
All IT & Tech infrastructure will be provided as a service by an external partner focused on administration and maintaining. This section includes: admin costs, tooling costs and server infrastructure (E.g: AWS, Vercel, Github, and other tools and services needed by the DAO.). For all the previous item cost mentioned the budget required is 300,349.00 USDC/quarter.
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Servers infrastructure estimated cost: 73,840 USDC/month
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Reserve (10%): 7,384.00 USDC/Month
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Admin costs: 8,626,80 USDC/month
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Reserve (10%): 863.00 USDC/Month
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Tooling costs: 8,547.60 USDC/month
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Reserve (10%): 854.00 USDC/Month
Total IT & Infrastructure Q3 budget: 300,346 USDC.
Dev/Tech compensation
In the third quarter, a new expenditure item was introduced. In fact, the DAO will reward various developers and techs working currently on monitoring and improving Stake DAO’s products. A compensation of 22,403.00 USDC/month is planned for these contributors.
Total Dev/Tech compensation Q3 budget: 67,209.00 USDC/Quarter.
Travel expenses:
In order to promote the DAO and establish and maintain partnerships, business trips are planned in Q3, the expenses allocated to these travels are 11,700.00/Quarter .
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Travel expenses estimated: 3,900.00/month
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Reserve in case of additional fees (10%): 390.00 USDC/month
Total travel expenses Q3 budget: 12,870.00 USDC/Quarter.
Polygon expenses:
Contributors rewards:
The rewards are estimated to 312,099 sdam3CRV/quarter for the DAO contributions:
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Contributors rewards estimated: 104,033 sdam3CRV/month
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Reserve in case of new hires (up to + 25%): .26,008.33 sdam3CRV/month
Total contributors Q3 budget: 390,124 sdam3CRV.
DAO estimated cost for Q3 2022: 351,954.00 USDC + 312,099 sdam3crv
Reserve for Q3 2022: 28,474 USDC + 78,025 sdam3crv
Total DAO estimated cost for Q3 2022 : 380,428 USDC + 390,124 sdam3crv
Voting options:
- Yes, accept the DAO expenses
- No, reject the DAO expenses
- Abstain
0 voters