jcvernaleo
commented
11 months ago September workstream payments: https://etherscan.io/tx/0x92f7984277019f641e9f9f63abcb48953501eadad8bc776e30b78811dd49bac1
Open green-jeff opened 11 months ago
jcvernaleo
commented
11 months ago September workstream payments: https://etherscan.io/tx/0x92f7984277019f641e9f9f63abcb48953501eadad8bc776e30b78811dd49bac1
jcvernaleo
commented
10 months ago October workstream payments: https://etherscan.io/tx/0x6f9ea2b19f7a65d0ec5a3a2ac08d3e14a0d8536923ba427616c1c856cfeca6c9
jcvernaleo
commented
9 months ago November workstream payments: https://etherscan.io/tx/0xac64a2efb8215ac426986eb8b067d9fa7d23a37321d75114b658011079a2bbfd
MIP 016: 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 $1.10, respectively.
Specification
Engineering Workstream
Progress
The engineering workstream successfully launched Metronome Synth into production on Optimism . The workstream has continued to maintain the Metronome Synth protocol and website.
Objectives
Ongoing development and maintenance of Metronome Synth Protocol on Ethereum and Optimism
Maintain the Metronome smart contract codebase
Maintain the Metronome website and associated applications
Monitor the platform for risk
Work with auditing firms
Goals
Launch Layer0 support.
Launch enhanced functionality 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:
September: 111ETH; 60,772 MET
October: 100 ETH; 77,272 MET
November: 89 ETH; 93,772 MET
Growth Workstream:
Progress
Metronome Growth has continued to be guided by the Brand Playbook that was created. The Growth team secured a grant from the Optimism Foundation following the launch on Optimism in September.
Objectives
Successful launch of the new MET token functionality.
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:
September: 77 ETH; 48,136 MET
October: 69 ETH; 60,136 MET
November: 61 ETH; 72,136 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:
September: 62 ETH; 43,363 MET
October: 56 ETH; 52,363 MET
November: 50 ETH; 61,363 MET