[SUMMARY] S13 Budget Proposal Recap - Kyle's Voter Guide

đź“ś Proposals
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I’d encourage voters to look at our conversation on the FDD budget proposal and the conversation between Kyle and I.

Here are a few things to note in the method of communication here:

  1. In the visual graph he shows the FDD budget as the total of our Q1 budget plus reserves. FDD has been asking for reserves since our first budget to ensure mission critical functions are covered even in the case of political delays or other issues. We have not abused this and have in fact made $70k in treasury management returns.

  2. He suggests a total of 35k GTC. We put our whole budget in dollar values as requested by stewards and even put that we would adjust the total GTC before going to tally (with up or down price movements) because our budget is functional.
    $879k with $596k for this season, the rest is for reserves. That is a 33% cut to take out just the reserves. This would leave us with 75k GTC at the prices initially used in the proposal.

So where does the other 40k GTC come from? He goes over it in his response to our budget proposal here.

This suggestion is to completely eliminate our budget for doing any operations within the workstream (which some are necessary). It aims to lower our budget from last season even after successfully spinning out the DAOops and User Support streams. It also aims to eliminate all of our building for the future and only fund our operational needs for season 13.

Taking Kyle’s suggestion is akin to saying “We don’t believe any innovation should happen in the FDD workstream”.

FDD is a real innovation experiment. Again here you use the amount with reserves as an example of how large our budget is without the recognition of the reserves we have done every budget before. Why say our budget is 113k here rather than 75k?

It is strange to me that the workstreams that are good on this report are the ones where Holdings is funding 20-30k GTC of their budget.

If the stewards want us to change the reserves, why did none of them say this to us or on the forum the last 6 months?

If you want us to cut our budget by over 50%, maybe holdings should donate 20-30k each quarter like it does for the other streams.

I really appreciate your effort to create this guide for stewards and your guidance in helping the people at Gitcoin grow. You’ve directly coached me about bringing things up to people before bringing them to the public forum. Why did you not mention these issues in the last week?

Thank you for updating your recommendation for dCompass. I have updated this post to remove my critique.

I’m not mad though, I’m disappointed. I don’t want to fire half of FDD this quarter.

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