💰Finances

Prioritizing transparency in incentives, flow of funds, intended usage, and treasury management practices/principles

Donations

  • The goal for our launch will be to raise minimum of 10 ETH

  • All donations will be on-chain or converted to on-chain if originally in fiat for full transparency.

  • All donors will be listed on the website and be part of the community to give input on the long-term future of this program, and are eligible to join the committee in the future upon voting/approval.

Transactions

  • All transactions and donations will be public through the multi-sig wallet managed by the signers

Operations

  • By default 10% of the donations will be reserved for program operations. Operations may include but not limited to:

    • Entity fees

    • Accountant fees

    • Legal fees

    • Software tooling

    • Events cost

    • Marketing cost

Treasury Management

  • Asset Allocation: 50/50 ETH/USDC to account for market volatility and risk management

    • USDC will be prioritized for spending,

    • ETH will prioritized to be staked to generate yields for the health of the fund

  • Treasury asset re-balancing can be done every 6 months or cadence deemed reasonable by signers.

Gnosis Safe Info

Mainnet:

  • eth:0x5497d148D05D0381432dEf2bAed1D4E9E64c49d7

Optimism:

  • oeth:0x4d622F28f2C02412D702110b4530610B45e051c6

Arbitrum:

  • arb1:0x418763702cA3586bB4B164C9F350cF03aebD37a7

Reimbursements

  • Flights/Hotels can be reimbursed, daily food stipend will be comparable Taiwan's business travel budget 各國日支費

    • Prefer staying together in AirBnB / hacker house for best experience

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