yearn / budget

yearn budget requests and audits
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Xopowo Budget Request 2023-10-20 #168

Open saltyfacu opened 11 months ago

saltyfacu commented 11 months ago

Xopowo's overall commitment remains the same as in #154. In short: Xopowo is focused on supporting existing Yearn projects while innovating and shipping new ones.

Highlights

The good

The bad

The team has been stretched thin on development resources this quater. We're aware and very much on it - using this as an opportunity to scale the team using the tried and true 'yearn method' (PoW) for testing new candidates. It's a bit slower, but it's totally worth it in the end.

The ugly

Related to the above, with the team being stretched and a busy period (yETH, veYFI, v3 and more) we have not been as strong on organization and communication as we would like to be. Improving in this area is a top priority for us now and we're focusing on building a better process for project management and communication with yTeams.

Moar projects

Some things we worked on this quater that were outside our initial scope:

Current scope

Revenue generating

Infrastructure

Strategic

The Plan

The Xopowo team remains committed to both maintaining and improving Yearn's current front ends while also looking to create products that bring new users to Yearn through innovative approaches and new functionality. Ensuring a great product experience for current users while seeking new ones. We therefore propose that the Xopowo team continues maintaining Yearn's website, in addition to creating new projects.

Additionally, the team is going to be searching for additional opportunities for product development, partnerships and integrations with other projects and protocols. This may involve grants or funding opportunities from external sources to Yearn - which will bring value back to Yearn through integrations and complementary functions that enhance the user experience.

In the future, the Xopowo Team may seek to reduce its dependence on grants from Yearn and move towards a revenue-sharing scheme. The team believes that this approach will help align its incentives with Yearn's interests while also promoting sustainable growth.

Deadline

2023-01-31

Money

We propose a dual approach to funding contributions toward the development and maintenance of our projects. Firstly, we plan to distribute a grant to each person working on a project.

Secondly, we will use bounties to fund isolated contributions or contributions linked to projects in maintenance mode. This approach will enable us to incentivize individual contributors, ensuring the continued success and growth of our projects.

Our breakdown: Description Token Amount
Contributors DAI 95000
Infra DAI 2000

Amount

Wallet address

0x4F909396A75FE9d59F584156A851B3770f3F438a

Reporting

Monthly