BPGP#1 : BlackPool Q2 Expenses
BlackPool keep growing on all fronts: TVL, number of verticals, contributor head count Operational costs are steadily increasing. This is a good problem to have, as a barometer of our success, but it means we will need to stay organized, strategic, and transparent in our spending.
Summary: This proposal outlines in detail the costs incurred by the DAO in Q2, 2022, and seeks approval. Going forward, we will publish these expense reports on a regular basis as we push to develop best-in-class operational practices.
Rationale: The goal of this proposal is to bring more transparency to the BlackPool treasury. A governance framework is already in work (and should be ready next month), which should facilitate better visibility of the governance, and present a monthly budget for the DAO costs.
This proposal seeks approval for the DAO expenses for Q2 2022.
Mainnet expenses:
IT & Tech Infrastructure: All IT & Tech infrastructure will be provided as a service by an external partner focused on Administration and maintaining.E.g: AWS, Vercel, Github, and other tools and services needed by the DAO. For these expenses, the budget is 98050 USDC/Quarter.
Servers infrastructure estimated cost: 19,500 USDC/month Admin & Tooling costs: 13,185 USDC/month Reserve 10% : 3,268 USDC/month Total IT & Infrastructure Q2 budget: 107,850 USDC
Legal & Tax: As regulation and AML rules are getting tighter, the DAO must have a solid legal base on which operations take part. The DAO will continue to mandate an experienced advisory already working with major projects on the blockchain. For this category, the estimated expense is 26,800 USDC/Quarter.
Legal & Tax costs: 8,934 USDC/month Reserve 10%: 890 USDC/month Total legal Q2 budget: 29,500 USDC
Events: As the DAO competes against other significant players, events are needed to raise awareness and improve our market presence. For the events, the budget estimate is 58,500 USDC/quarter.
Events estimated cost : 19,500 USDC/ month Reserve (10%): 1950 USDC/ month Total events Q2 budget: 64,350 USDC
Marketing: In order to improve the marketing around BackPool, the marketing and communication budget is increased to 15,000/Quarter.
Marketing estimated cost: 2,400 USDC/month Communication estimated cost (audio/video/PR): 2600 UDC/month Reserve (10%) : 500 USDC/month Total marketing and communication Q2 budget: 16,500 USDC
Audits: There aren’t any audits planned for now, but we already have 50,000 USDC in reserve ready for this.
Audits estimated cost: 0 USDC/month Reserve from March 2022: 50,000 USDC Total audits Q2 budget: 0 USDC
Polygon expenses:
Contributor rewards:
The contributors rewards are estimated to 195,375.00 sdam3CRV/Quarter for their work:
Contributors rewards estimated cost: 65,125 sdam3CRV/month Reserve 25% in case of new hires: 16,280 sdam3CRV/month Total contributors Q2 budget : 244,200 sdam3CRV
Total BlackPool DAO estimated cost for Q2 2022: 198300 USDC + 195375 sdam3CRV
Reserve for Q2 2022: 19,800 USDC + 48850 dam3CRV
The reserve should be kept in USDC on Aave in case there’s a need for it.
Means: 198.5K USDC + 65.2K sdam3CRV
Technical implementation: None
Voting options: Yes, accept the DAO expenses No, refuse the DAO expenses Abstain
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x66F3...0EcA24 | 6,069 | Yes, accept BP DAO expenses |
 0xBEA6...49D2be | 782 | Yes, accept BP DAO expenses |
 0xe4aD...f07E2C | 429 | Yes, accept BP DAO expenses |
 0x821e...89ebe5 | 358 | Yes, accept BP DAO expenses |
 0xFe3E...AB90fc | 104 | Yes, accept BP DAO expenses |
VOTE POWER
Proposal Status
- Mon April 11 2022, 12:00 pmVoting Period Starts
- Sat April 16 2022, 12:00 pmEnd Voting Period
Current Results
1-Yes, accept BP DAO expenses
8,071.711