jcvernaleo
commented
1 year ago June: ENG: https://etherscan.io/tx/0x8775df13b19a51ca02ad674fc790f625eddc1cb1e0b382494d51ca9e80192104 https://etherscan.io/tx/0x53b021541c75d237af3ec81530ff1671f45135ce62a59164c9689ca2d0e4d6fe GROWTH: https://etherscan.io/tx/0x70c0e961a37527fc9fe1c6c596129c06fe6866af7fe0aa4435d6b0eadb601e56 https://etherscan.io/tx/0x1787051d2d8b2896d5308424b1a0e99fc1efe2eb0b9e59930c9ba3bc2445b47d OPS: https://etherscan.io/tx/0x114e8bdc02dde9c99553064394b2c498950980d9c76e7ab4de39c6e98dd9373d https://etherscan.io/tx/0x382f40c997cf0999a801339f9ee229f0ae3807a7a166a636a26c0ea12e0ac412
MIP-012: Engineering, Growth and Operations Workstream Budget Proposal
Summary
This proposal is to approve funding the Engineering, Growth and Operations workstreams for the next 3 months. All proposals will be paid in a combination of ETH and MET based on current rates of $1650 and $1.35, respectively.
Specification
Engineering Workstream
Progress
The engineering workstream successfully launched Metronome Synth into production and launched the Smart Farming app in April. The workstream has continued to maintain the Metronome Synth protocol and website.
Objectives
Ongoing development and maintenance of Metronome Synth Protocol
Maintain the Metronome smart contract codebase
Maintain the Metronome website and associated applications
Monitor the platform for risk
Work with auditing firms
Goals
Launch Metronome Synth and Smart Farming on an L2.
Develop more integrated utility for the MET token.
Engineering is guided by the following KPIs:
TVL
Revenue generated
Budget
The Engineering workstream requests a 3-month budget of approximately $250,000/month. This budget will be paid monthly in advance in ETH and MET to the Engineering workstream multisig. This budget is for the following:
Provide competitive compensation for core Engineering workstream team (~$120K/month)
Quarterly audits on all new code (~$50K/month)
Miscellaneous items (~$40K/month)
Hardware, infrastructure, tools, etc. (~$40K/month)
The payout schedule will be as follows:
June: 133ETH; 22,630 MET
July: 122 ETH; 36,074 MET
August: 111 ETH; 49,518 MET
Growth Workstream:
Progress
Following product-market fit research, Metronome created a brand playbook that was shared with various media outlets which resulted in multiple placement across Youtube/twitter/digital news outlets and pipeline of potential collaboration.
Objectives
Successful launch of Metronome Synth into Production
Building vibrant community of DeFi enthusiasts and DeFi professionals
Continuing effort around Metronome brand recognition through owned, earned and sponsored media
Build pipeline of strategic partnership to grow in both TVL, volume and unique addresses
Goals
Growth is guided by the following KPIs:
Number of active partnerships
Number of followers/members (Twitter, Discord, Telegram)
Number of unique active community members
Budget
The Growth workstream requests a 3-month budget of approximately $180,000/month. This budget will be paid monthly in advance in ETH and MET to the Engineering workstream multisig. This budget is for the following:
Provide a competitive compensation for the core Growth workstream team (~$80K/month)
Marketing campaigns for Metronome products (~$50K/month)
Travel for the Growth team (~$20K/month)
Miscellaneous costs (~$30K/month)
The payout schedule will be as follows:
June: 94ETH; 18,444 MET
July: 86 ETH; 28,222 MET
August: 78 ETH; 38,000 MET
Operations Workstream:
Progress
The Operations workstream continues to coordinate and help Metronome run smoothly.
Objectives
Collaborate with other workstreams to ensure the continued success of the Metronome protocol and help grow the ecosystem.
Engages with stakeholders (DAO members, partners, and workstreams) for improved coordination
Provide administrative support for the Metronome DAO and platform
Goals
The Operations workstream's primary goal is to keep Metronome running smoothly.
Budget
The Operations workstream requests a 3-month budget of approximately $150,000/month. This budget will be paid monthly in advance in ETH and MET to the Engineering workstream multisig. This budget is for the following:
Competitive compensation for the Operations workstream team (~$70K/month)
Administrative overhead (~$25K/month)
Legal and accounting professional fees (~$40K/month)
Miscellaneous expenses (~$15K/month)
The payout schedule will be as follows:
June: 75ETH; 19,444 MET
July: 69 ETH; 26,777 MET
August: 62 ETH; 35,333 MET