GitCoin October financial Statements
Please see detailed above our second iteration of the GitcoinDAO treasury report for October 2021. As with previous months, the statements are split into transactions denoted in the governance token GTC and separate transactions in stablecoins. We have taken onboard your feedback in relation to donations to the DAO and have amended the ‘Revenue’ line to reflect more accurately that these are in fact donations.
This month we have incorporated a consolidated financial statement report which shows both GTC transactions and stable coins. This shows both inflow and outflow in USD terms. Noting that we have used the month-end spot rate to translate GTC.
- Gitcoin treasury has grown 93.3% from $40.2m to $77.7m as a result of positive price movement in $GTC
- Total contributor rewards were $644.6k in October up 218% from September
- The grant for CLR.Fund was paid out in October totaling 40,000 GTC or $340.8k using month end spot rate. CLR.Fund is another prominent Quadratic Funding project in the Ethereum ecosystem with a mission/ethos that is similar to Gitcoin.
We welcome any feedback you have in relation to the report and please let us know what you would like to see in the next iteration.