February 2022 Financial Statements
Llama is pleased to present the February Financial Statements
Please find above the GitcoinDAO treasury report for February 2022. 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.
This months iteration has some adjustments within as more operations wallets were identified and included into our accounting, this has made some slight adjustments to previous months however the transactions were mainly swaps of $GTC to stablecoins, mostly only effecting the balance sheet and not the income statement.
Highlights
- Total $GTC outflow compared to January is down 42.9% mostly due to January being high because of a grant being funded
- Gitcoin Ops is now included within the financial reporting, it has totaled $93.6k in rewards since inception
- Total contributor rewards are $3.94m since genesis and is an average of $657.3k per month (stated at month-end GTC rates using Coingecko)
- Total treasury holdings have decreased 41.7% since the start of 2022, which is a result of GTC token price depreciation. Llama has proposed a treasury diversification which will diversify the treasury away from being 99% $GTC. Gitcoin Treasury Diversification
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.