Summary:

Proposition for Kava Grant repartition

Context:

KavaLabs recently proposed to deploy APWine on Kava Network to join the Rise Incentive program, and the vote snapshot passed with 100% in favor 1, with 29% participation rate.

The Rise program incentivizes projects to grow the Kava ecosystem with $KAVA tokens distributed each month. The amount is decided with the following formula: (APWine Total TVL on DefiLlama / Kava Total TVL) * 4M KAVA distributed each month.

The amount of KAVA is calculated at the end of each month, and distributed in the following month.

With the current TVLs and token price, the current distribution would be 79715 KAVA, so 141900$/month at the time of writing but different parameters can modify these numbers such as the APWine total TVL, the Kava Network total TVL and the KAVA price.

We note that those numbers can fluctuate considerably depending on the mentioned variables.

Rationale:

This proposal is about the grant split.

1. ⅔ of the monthly grant for DAO treasury

• 25% of which would be allocated for LM
• 70% of which would be allocated for treasury reserves (stablecoins, POL, strategics assets and bounties)
• 5% for veAPW stakers

2. ⅓ of the monthly grant allocated to team for operational costs (including additional devs, deployment/integrations & maintenance). The budget is set yearly as most of those elements cannot be efficiently engaged on a smaller time frame:

• 250k$ for 2 dev (full stack + solidity)
• 25k$ of participations for events & marketing
• 140k$ of participations for audits et bounties
• 5k$ for the infrastructure

If approved, a few sub proposals will be posted to vote about the DAO sub categories specifications.

Means

Dev & operational work

Governance work (Kava IBTs research and APIRs)

Technical implementation

Deploy APWine on Kava

Deploy a multisig to handle the grant (no gnosis yet)

Deploy the Kava first IBTs pools

Handle maintenance of the protocol on the network

Others implementation which will be mentioned in the sub proposals