Developer DAO

**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 30k 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 30k 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 (Futex Labs) initiative led by Crypdough, which is soon to be launched in November 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 ongoing 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: https://debank.com/profile/0x13a27E1A86F1A10970E26b57F9A1caddB1A26e76

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 (Futex Labs)

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.