Overview

The proposed Nexus Mutual DAO team leads have put forward this proposal to renew three (3) existing teams and launch two (2) new teams for a six-month funding period with an aggregate total request of $344,500.

High-level budget breakdown by team

The following are the proposed teams, leads, and funding requests:

• Community team

  • Proposed team lead: BraveNewDeFi
  • Six-month funding request: $90,000

• Marketing team

  • Proposed team lead: Claudio
  • Six-month funding request: $77,000

• Investment team

  • Proposed team lead (FT): Dopeee
  • Six-month funding request: $37,500

• Operations team

  • Proposed team lead (FT): Kayleigh
  • Six-month funding request: $63,000

• R&D team

  • Proposed team lead (PT): Rei
  • Six-month funding request: $57,000

• Discretionary budget (shared by all teams): $20,000

DAO team payments, fund management

If approved, the DAO treasury will distribute funds to the DAO Community multisig wallet, where payments will be made and managed using Utopia. The Operations team will oversee spending requests beyond standard salaries and payments.

The DAO Community multisig will also be upgraded to a three-of-five (3 of 5) signer threshold, with each team lead as a signer. Each team lead will be required to use a hardware wallet to generate an address used as their signing address.

Voting choices

• Option A: Approve proposed teams and aggregate funding request of $344,500
• Option B: Reject proposed teams and aggregate funding request of $344,500
• Option C: Abstain