Hi all,
Gitcoin November Financial Statements
Please find above the third iteration of the GitcoinDAO treasury report for November 2021. As with previous months, the statements are split into transactions denoted in the governance token GTC and separate transactions in stablecoins. We have included a consolidated profit/(loss) account that translates the GTC transactions into $USD to allow for comparison in a denomination that can easily be relatable to many reading the report.
We have also included a key financial highlights section that shows the key themes this month along with some background as to the reasons for the movement.
TLDR
- Total treasury balance up 104% to $158.8m. Due to a significant rise in token value to $17.13 at the month-end
- Total contributor rewards were up in USD terms by 173% to $1.12m, however, net outflows of GTC are down from last month suggesting the increase is due to a slight rise in stable coin denominated payments and also the rise in token price
- FDD had the largest workstream spend in relation to contributor rewards totaling 19,750 GTC.
Please do let the Llama team and I know what you would like to see in our next iteration of this report.