Gitcoin

The S16 Gitcoin Public Goods Funding Budget request has passed on Snapshot and this vote is to ratify those results on chain and to transfer the budget to them.

TL;DR

In S16 we are shifting our priorities to the grants protocol to ensure success at launchl. This will include re-thinking the eligibility policy requirements, designing robust processes, operations, and services to easily scale protocol rounds, all while testing and delivering alpha rounds on the protocol in S16.

The snapshot vote is here for review: https://snapshot.org/#/gitcoindao.eth/proposal/0x63e139b75e52843ce6af2e684101025ba2f88edf80775397927a875d9617b789

The funds will go to a multisig controlled by PGF and will be distributed as described in the original proposal. The Gnosis safe that funds will be transferred to can be found at: https://gnosis-safe.io/app/eth:0xa7aC9f7087d7197e0047DB9A90562a1364bf897D/

Total budget incl reserves: = $868,750 + $579,167 - S15 rollover ($340,513 current balance)

Total requested: $1,107,404

GTC Price: $1.68

Total in GTC: 659,169

*Please note that a denomination in dollar amount has been prioritized in budget proposals over GTC - so if the spot price assumed at posting of a budget changes between then and when the budget executes, the GTC amount will be readjusted to reflect the dollar amount at the time this proposal is moved to Tally or the 20 day moving average (whichever is lower).