Gitcoin - May 2022 Financial Report
Llama is pleased to present the May 2022 Financial Statements.
https://llama.xyz/reports/gitcoin/may-2022-financials.pdf
Please find above the GitcoinDAO treasury report for May 2022. As with previous months, the statements are split into transactions denoted in the governance token GTC and separate transactions in stablecoins. We have also included a consolidated profit/(loss) account that translates the GTC transactions into $USD to allow for comparison in a denomination that is easily relatable to many reading the report.
This month’s iteration has undergone some design changes to improve the readability of the report, coupled with taking onboard some feedback from the community. You will also notice we have included a list of wallet address’ used to prepare the report for auditing purposes.
Highlights
- Total $ value of contributor rewards is down 5.7% MoM. This is a direct result of timing differences in payments made to contributors cross workstreams. This can be seen in the screenshot below with the Moonshot collective making payment to contributors just after month end, hence not included in this report.
- Total Gitcoin treasury balance has increased by 144% MoM. This is a result of a ~19M GTC claim from the Gitcoin vester account. As can be seen from the screenshot below 99.7% of the treasury value is held in GTC.
- The consolidated income statement shows total contributor rewards YTD of $2.7m
Please do read, share and add a comment to let us know what you would like to see in our next iteration of this report.
What else is Llama doing to support Gitcoin?
Llama is currently working with the Gitcoin team to prepare a detailed Budget vs Actual view of contributor rewards payments over the last 6 months. We will post this analysis within this Financial reporting thread in due course.
In addition to this we are also preparing a detailed runway analysis of GTC and also the organisations stablecoin needs over the next 2 year period. Watch this space…