Proposal for K9 DAO Monthly Budget Renewal
Summary:
- This is more than a 40% reduction on the current budget now that the product is released
- This is a simplified overarching budget for simplicity of the multi-sig rather than department-by-department granular budgeting
- The percentage breakdown is approximately: 40% Development, 30% Operations, 10% Software, 20% Marketing
- This budget allows for the following resources: 2 full-time operational, 3-4 part-time marketing resources, 1.5 full-time development resources, a full moderation & growth team, and 0.5 customer support
- A bulk of the budget is required for the dedicated infrastructure for testnet, Google Big Query, the validator stack, and product infrastructure
- The DAO reserves the right to call a new budget vote if the growth of Shibarium is outpacing the current budget and there is a need for more resources to capitalize on growth or the opposite in that there is a leaner approach needed to conserve runway so that the DAO can explore the potential of investing in multi-chain opportunities
- The product has immense opportunity for growth and there is anticipated growth of the Shibarium ecosystem based on the leadership of the Shib team. K9 continues to be very well-positioned to participate in this growth
- Since this is a 4 month budget plan this gives the DAO enough time for clarity on this growth and adoption
- The budget will be a rolling budget
(1) Introduction and Objective
K9 Finance DAO proposes a monthly budget renewal of $60,000 to support ongoing operations, development, and growth initiatives across four key areas: Software, Marketing, Development, and Operations. This budget renewal framework will provide a structured allocation of resources to meet the evolving needs of K9 Finance DAO and its community.
It is important to note that this proposal is contingent upon voting being available on Snapshot.org by the November 11th Roundtable meeting. If Snapshot voting is not operational by that time, a 1-month budget extension of the existing budget would be required and automatically take effect.
(2) Benefits to K9 Finance Community
This proposal aims to provide the following benefits to the K9 Finance community:
- Sustainable Operations: By establishing a clear monthly budget, the DAO can maintain consistent operations without interruptions, ensuring that critical projects and services are funded.
- Strategic Growth: Allocating funds across Software, Marketing, Development, and Operations enables the DAO to continue building and scaling projects that add value to the ecosystem.
- Financial Transparency: This budget renewal framework allows community members to understand and anticipate how resources are allocated, fostering trust and alignment within the DAO.
(3) Proposal Details
(a) WHAT
The K9 DAO proposes a monthly budget allocation of $60,000 to be distributed across the following categories:
- Software: Funds dedicated to maintaining and improving the technical infrastructure that supports K9 Finance operations.
- Marketing: Resources allocated for marketing initiatives to increase brand awareness and attract new users.
- Development: Budget for ongoing development projects, including new features and technical upgrades that align with the DAO’s roadmap.
- Operations: Operating expenses necessary to support day-to-day functions and ensure smooth DAO administration.
This proposal provides a flexible framework, allowing for adjustments in each category as specific needs and projects are identified.
(b) WHO
The stakeholders impacted by this proposal include:
- K9 Finance Community: All members of the DAO who benefit from continued operations, development, and marketing efforts.
- Management Council and Development Teams: Responsible for executing and overseeing budget allocations within each category.
- Voters: Community members who participate in approving this budget renewal via Snapshot.org (pending its availability by November 11th).
(c) WHERE
This budget will be allocated across the core functional areas within the K9 Finance DAO, supporting initiatives on platforms, social channels, and operational infrastructure associated with the DAO.
(d) WHEN
The monthly budget will commence following approval via Snapshot.org, with funds allocated on a rolling monthly basis. In the event that Snapshot voting is unavailable by the November 11th Roundtable, a 1-month extension of the existing budget will automatically take effect to prevent any disruptions.
(e) HOW
Resources will be drawn from the K9 Finance treasury, with the $60,000 budget allocated each month according to specific needs within the four main categories. Detailed expense breakdowns and spending reports will be shared with the community for transparency.
(4) Impact Assessment
The impact of this proposal on the K9 Finance DAO ecosystem includes:
- Short-Term: Provides stable, consistent funding across Software, Marketing, Development, and Operations, allowing the DAO to continue meeting its goals without funding interruptions.
- Long-Term: Establishes a clear budgetary framework that supports sustainable growth, ongoing development, and community engagement.
- Risks and Uncertainties: Potential delays in voting infrastructure (Snapshot.org support) could necessitate further budget extensions. However, contingency plans, such as the 1-month extension clause, are in place to manage this risk.
Metrics for Success:
- Effective Allocation: Funds are allocated efficiently across Software, Marketing, Development, and Operations, with measurable impact in each category.
Community Satisfaction: Positive feedback from the community regarding the transparency and effectiveness of budget spending.
for take off…… I hope this doesn’t get delayed simply because of Snapshot