Nexus Mutual Grants

Summary

In the last two quarters, the existing DAO teams–Communication, Research and Development (R&D), Investment Committee, Marketing, and Operations–have worked on behalf of members and focused on the priorities outlined in the NMDP: Q3 & Q4 2023 | DAO Teams Budget Request Proposal forum post.

Now that the six-month funding period is coming to an end, we, the DAO team leads, have outlined the proposed teams, their current priorities, and each team’s six-month budget breakdown in the NMDP linked below. We have shared an RFC and a formal NMDP on the forum over the last month, which can be reviewed in the proposal linked below.

• [RFC]: Q1 & Q2 2024 | DAO Teams Budget Request Proposal
• [NMDP #2]: Q1 & Q2 2024 | DAO Teams Budget Request Proposal

Voting Options

• Yes, approve the budget request
• No, don’t approve the budget request

Budget Breakdown by Team

Team	Requested funding for six-month period
Community	$116,000
Investment	(Funded from surplus)
Marketing	(No new funding request)
Operations	(No new funding request)
R&D	$37,500
Discretionary budget (shared by teams)	(Funded from surplus)
Total	$153,500

See the detailed breakdown in NMDP #2 on the governance forum.

Rationale

The complete NMDP outlines each team’s budget request, their six-month priorities, and their performance review for the Q3 & Q4 2023 funding period.

• [NMDP #2]: Q1 & Q2 2024 | DAO Teams Budget Request Proposal