YIP-63: Add 20,000 $YAM tokens to the general expense fund.
Title: YIP-63: Add 20,000 $YAM tokens to the general expense fund. Author: @Feddas Forum discussions: https://forum.yam.finance/t/yip-add-20-000-yam-tokens-to-the-general-expense-fund/1452
Basic Summary Previously Yam has approved a general expense fund of $5000 yUSD + 30,000 $YAM:
We have distributed 19,441 $Yam out of the 30,000 $Yam allocated.
https://gnosis-safe.io/app/#/safes/0x744D16d200175d20E6D8e5f405AEfB4EB7A962d1/balances
Current Assets: 10559.00 YAM 4,100.00 $yUSD
This proposal adds 20,000 $YAM from the contributor vesting pool. It will still be used for small general expenses, bounties, on-boarding new contributors before voting on part or full time compensation, marketing campaign costs, etc.
Abstract
Here’s a full reconciliation of all distributions from general expense fund from 1.29.2021 to 4.30.2021
Motivation
The general expense fund would be responsible for: Yam infrastructure expenses New Contributor trials / on-boarding Development / collaborative tools Gas costs Small misc expenses directly related to Yam If it is possible to pay in $YAM, then it should be the first option. When funds are low in the account, a top-up request for additional funds will be made.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xEC32...Ecb7F2 | 132,218 | Add 20,000 $YAM to Gen Exp Fund |
 0xCbff...F9DDCE | 25,945 | Add 20,000 $YAM to Gen Exp Fund |
 0xDe6b...D53361 | 19,226 | Add 20,000 $YAM to Gen Exp Fund |
 0x1E1A...E232ad | 16,405 | Add 20,000 $YAM to Gen Exp Fund |
 0x3c92...3231F3 | 13,599 | Add 20,000 $YAM to Gen Exp Fund |
VOTE POWER
Proposal Status
- Sat May 01 2021, 04:00 pmVoting Period Starts
- Thu May 06 2021, 04:00 pmEnd Voting Period
Current Results
1-Add 20,000 $YAM to Gen Exp Fund
261,753.063
2-Do not add $YAM
16,133.706