OrangeDAO

Full proposal here: https://docs.google.com/document/d/1AguUcjwRao8rkl9vkXyiPz-DbOUJRcpEfOdeJo3SR8w/edit#

Goal: Create a spending budget for all 3 committees and their sub-committees for Season 1 totalling 2,372,000 $ORANGE and 769,009 $USDC.

Single Point of Contact: (Only 1 individual for GovC to reach out with questions, and to represent at TownHall.) huh.eth

Sponsors: Include folks planning to work on this proposal. Do not include folks who are just supportive of this proposal. @iamdonho, @maqq, @oparrott, @cryptpal, @RicardoG.eth

Description: This Season 1 budget establishes a process for the funding of programs and activities for this and all future seasons according to the Compensation 1.0 framework and the Budget Process as described in this Notion doc: https://www.notion.so/orangedao/Compensation-1-0-and-Seasonal-Budget-Process-DRAFT-772743910e714fce8584e9ca577c3874

The line-by-line budget is here: https://docs.google.com/spreadsheets/d/1VkiMzenfdFHtB0DI7HbrlhDhoIXccaKad4G-FTVGv2w/edit#gid=0 Only “Funded” lines are explicitly supported by this proposal. Any lines marked “Unfunded” will require a proposal to be passed to be included in future budgets. This is clarified in in column D (Project/Proposal): Any proposal labeled as “This Budget” is a new request for funding being proposed for the first time. Previously passed OIPs, or OIPs in progress are labeled with the OIP number or program name.

This proposal also explicitly establishes the Compensation 1.0 system by adding 2 new pathways for work in addition to the Proposal catchall. “T-Shirt Size” Compensation Role-Type Compensation For any headcount supporting roles, Column C (Role Type) must correspond with a Role Type according to Compensation 1.0 (Notion).

Benefits: This proposal creates several new methods for funding work within the DAO as well as providing some guidance on hiring full-time contractors or employees for the DAO.

Success Metrics: KPIs before proposal: All funding requests required a proposal to pass. KPIs after proposal: Up to 33% of Season 1 spending will be distributed via this budget process. Success Confidence: (If this proposal was executed 100 times, how many times will it meet its goal?) 80%

Duration: Start: Season 1 End: At the end of each Season, a new budget will need to be passed by proposal from each of the 3 committees to fund the subsequent season’s work.

Tokens Requested: (Treasury control) (Treasury Guidance) $ORANGE Total: 2,347,000 $USDC Total: $769,009 ETH: 4.5

Token Distribution: (Sponsors’ control) Each committee/subcommittee will receive these tokens in their respective multisigs once this proposal passes and as soon as tokens are received from L1 partners. Committee name in parenthesis indicate the overseeing committee for that subcommittee.

$ORANGE USDC ETH Governance 687,000.00 $162,700 0 Development 665,000.00 $1,000 2 Treasury 365,000.00 $220,309 0 Venture Team (Treasury) 465,000.00 $110,000 2.5 Partnerships (Treasury) 165,000.00 $275,000 0 Fellowship (Treasury) 0 0 0

RISKS: (Open to All Members)

COUNTERPOINTS: (Open to All Members)