Runway and grant check up

There has been earlier discussion about ShutterDAO future survival.

While I do not agree with some key points of the original proposal, I feel taking too extreme actions with grants may kill ShutterDAO and do more harm than good.

I would propose something along the following lines

  • brainbot gives up a budget and plan to keep ShutterDAO lights on for next 18 months (reasonable runway) - focusing on the core development
  • on the top of this budget, ShutterDAO budgets additional items like market making, etc. costs related to the token
  • Based on the current developments, the current grant might be too large and there needs to be realistic consideration of downsizing the grant, which naturally means brainbot needs to reallocate or let go of some people on these tasks
  • brainbot accepts an independent accountant or similar consultant to check the accounts and write a short report how the brainbot grant was spent, to calm down the concerns there has been extensive spending that did not go towards ShutterDAO goals - budget fo this task should not be too large, let’s say 5 working days a max, or $3000

These are example guidelines and not a proposal.

Let’s try to fix the course with the goodwill first and then resort to extreme actions only if needed.

3 Likes

I agree this is a reasonable approach.

Basically, keep the development and make sure existing network functional (and open)

But reduce burn rate for a long-term timeline prepare for 4 year bear market instead of 18 months. I believe we are already in a bear market regime for infra and this space has fundamentally changed

Might good liquidity hopefully it can relief some of treasury burden, I am not optimistic on that one given the market condition

Some of these idea can be merge into Proposal 60