https://gov.pooltogether.com/t/rfc-tbr-q4-2022-finance-team/2573

TBR-Q4-2022 - Finance Team

Team Name	Finance Team
Quarter and Year	Q4 2022
Payout Address	0xB74659A1011F6DCA3BA6F6e22a71bA8f414F36A1
Total USD Value Requested	$44,250 USD

Purpose

The Finance team serves as a continuation of the previous Treasury Work Group and Interim Prize Team. The core purposes from these teams has always been to:

• Ensure safety and prudence go into every decision

• Drive future protocol growth

• Identify sustainable solutions

• Present objective data to the community

Acquiring these same values, the Finance team will specially focus on DAO sustainability and transparency. With the DAO growth and the creation of multiple independent teams, the Finance team can offer a holistic view of the DAO to bring clarity on a financial perspective.

Also, with V5 on its way, new opportunities, assets and yield sources will come to the protocol. The Finance team should provide a recommendation on the new elements to make sure that the DAO is able to make informed decisions.

Finally, the Finance team will monitor and implement changes to prize distributions with the purpose of growing the protocol in a sustainable manner. Example duties: monitoring prize data and sentiment, adjusting prizes and optimizing prize distributions to create the best user experience.

Goals

Aligned with the previously mentioned purposes, the Finance Team would have the following goals:

1. Quarterly review of DAO inflows/outflows

As the DAO is expanding and attracting more contributors, a detailed view of incomes and expenses is required to determine the runway of the DAO and be able to plan accordingly.

A quarterly report will be published giving specific and objective information on the inflows/outflows of the DAO.

2. Asset Management Analysis

Protocol’s Treasury can provide a significant yield to help achieve sustainability. Due to Governor Alpha constraints, the options from which yield could be obtained have been limited in the past. With more innovation coming to DeFi and other options to explore, the Finance team should look for safe opportunities to be able to get yield on the DAOs assets.

With the top priority of keeping funds in control of the governance contract, at least 3 different yield strategies will be presented to the DAO.

3. Protocol-Owned Liquidity solutions

Given that the protocol is about to deploy liquidity on mainnet Uniswap V3, the team is committed to keep an eye on both this new deployment and the previous Polygon POL. It is also required to explore the possibilities to encourage depositors to migrate from Uniswap V2 to V3.

At least 1 alternative will be presented to the DAO to encourage Uniswap V2 LPers to migrate to Uniswap V3.

4. Prize distribution

Prizes are the main attraction of PoolTogether, so it is important to use them as effectively as possible to grow the protocol.

Moving to weekly prizes is the main objective, as we consider that this will help unlock bigger prizes which will end up attracting more users. While doing this, we also plan to maintain sustainable prizes and keep the balance between yield inflows and prize outflows. Prize subsidy will be considered where a clear vision for growth is outlined and can be evaluated empirically for success.

The Finance Team will also build and maintain utilities (Node, Discord, WebApps, Dune) to monitor and measure prize results.

Budget

Requested Amount

Amount	Token
37,170	USDC
7,185	POOL

Budget Breakdown

Team Members

Role	Yearly USD Compensation	Commitment Percentage	Quarterly USDC	Quarterly POOL	Contributor	Contributor Discord
Lead	$90,000	55%	10,395	2,010	underthesea	underthesea#4658
Member & Communications	$90,000	55%	10,395	2,010	BRONDER	BRONDER#4788
Accountant / Member			5,460	1,055	Open Role
Prize Analyst / Member			5,460	1,055	Open Role
Temporary Consultant			5,460	1,055	Open Role

In order to cover open roles we are looking for persons with experience in accounting, research or analytics, and expertise in liquidity and risk analysis. Those will be covered on specific occasions with a maximum budget of $6,500 per role.

Team Expenses

No expenses.

Previous Budget Surplus

The Finance team inherits the 3 out of 6 multisig previously used by the TWG (BraveNewDefi, BRONDER, DaBoom, drcpu, TheRealTuna, underthesea). As a consequence, the team inherits the existing budget for transactional costs kept safely in the gnosis safe amounting to:

Description	Amount	Token
ETH for Operations	2.19	ETH

The Finance team will also inherit the UNI V3 positions on Polygon. However, as the team has become significantly smaller, the UNI V3 positions on Polygon should be migrated to the Exec-team for custody.

Regarding the previous Prize team, the Finance team will inherit and maintain the previous 3 out of 5 multisig (BRONDER, Dylan, Leighton, Ncookie, underthesea). The other 3 members outside of the Finance team will be kept as informal advisors. This will allow us to move relatively fast in events of big yield changes or other unforeseen needs to adapt the prizes. This multisig does not custody any additional funds.

There is currently ~$225,000 USDC in prize liquidity reserves that can be used as subsidy for Q4.

All of the funds not used at the end of the quarter will be rolled over to the next quarter if the team is renewed. If not renewed, all leftover funds will be returned to the PoolTogether Treasury.

Appendix

Token Pricing

Token	USD
ETH	$1,300
USDC	$1
POOL	$0.985298