Provide a grant to brainbot gmbh for November 2025

Shutter DAO DAO Proposals
1
Proposal Title Author(s) Phase Date Created
Provide a grant to brainbot gmbh for November 2025 brainbot gmbh On-chain 10 November 2024

Proposal

Provide a one time grant of 122,222 sDAI to brainbot gmbh for November 2025.

Background

Earlier this year, Shutter DAO 0x36 approved a monthly recurring grant to brainbot gmbh from April to September 2025 and a one time grant to brainbot gmbh for October 2025. brainbot gmbh has provided monthly updates regarding our work funded by these grants in the Shutter DAO 0x36 section of the Shutter Forum.

brainbot gmbh proposes another one time grant to continue our work regarding the Shutter protocol, Shutter API, Keyper set, business partnerships, and marcoms activities.

Scope

brainbot gmbh will use the grant to continue our work on the Shutter T3 Priorities:

  • Technology: Stable encrypted mempools on Gnosis Chain, POC with Primev or Commit-Boost of encrypted mempools on Ethereum L1, Draft an EIP regarding encrypted mempools on Ethereum L1, Integrate Shutter API into dApps.

  • Business: Stabilize the Keyper Sets, Collect feedback on the EIP ref encrypted mempools on Ethereum L1; Identify future integrations of Shutter API into dApps.

  • MarComs: Refactor communities, Build support for encrypted mempools on Ethereum L1, Experiment with SHU marketing.

Disbursement Method and Schedule

Shutter DAO 0x36 will disburse 122,222 sDAI (0x83F20F44975D03b1b09e64809B757c47f942BEeA) to the brainbot gmbh address (0xb75E2fB01521Bd7b6369F831414840A54a3C7234) on Ethereum Mainnet upon approval of this proposal.

Platform

Decent (this proposal will trigger an onchain transaction if passed)

Voting Options

Vote “Yes” to provide a grant to brainbot gmbh

OR

Vote “No” to not provide a grant

OR

Vote “Abstain” if you do not have an opinion but want to help the vote reach quorum

2

If I am not mistaken sDai to USDC is 1.18, which means that the amount you’re asking for is higher than $143,000 from last month—roughly 152k for November against 143k from October. I don’t see a justification for the increased amount in the post here. Could you explain the increased rate?

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Hi @czepluch -

The grant request is for $143,000.

At the time of posting this proposal, the price of sDAI on CoinMarketCap was $1.10. So I requested 130,000 sDAI.

If the price changes before Nov 17 (or if you have better price info, I will update the onchain proposal to ensure the proposed amount of sDAI is equal to $143,000.

4

CoinMarketCap seems to be reporting the price in a very weird way for sDai. It makes no sense. If you look at https://www.coingecko.com/en/coins/savings-dai it looks more like how an actual savings dai is supposed to work and it’s actually at a stable price.

1 Like
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Either way, I’m a little late to the party, but the 143k is still more than the 120k that the 6-month grant was paying out in the end. And that grant was based on 12 FTEs, I believe. Your monthly update now states 7.25 FTEs. I’m trying to understand the numbers and how the amount of money is increasing while the number of FTEs is decreasing.

6

When brainbot accepted a reduced recurring grant, we were forced to reduce team size to reduce costs:

  • Jan 2025: 12 FTEs
  • May 2025: 9.55 FTEs
  • Oct 2025: 7.25

Prior to applying for a grant for Oct 2025, we reviewed brainbot income/costs and found the reduced recurring grant of $120,000 per month was not covering our costs. As a result, we increased the monthly grant amount to $143,000 in Oct and Nov 2025.

7

Okay, I don’t know the internals and budgeting so I can’t comment on the spending of BB.

But I still would encourage you to reconsider the amount of sDai for the grant as everywhere I’ve looked, except of coinmarketcap shows quite different price.

8

Agreed. I updated the grant proposal to 122,222 sDAI. This is $143,000 at a rate of $1.17 per sDAI (the current price at https://www.coingecko.com/en/coins/savings-dai.