This proposal provides funding for maintaining and operating the Tezos Domains project for the core team for 2025 without any new significant features. The core team behind Tezos Domains is respectfully requesting funding to cover the necessary expenses for 2025 per Article II of the Tezos Domains DAO constitution.
Rationale
The core team behind Tezos Domains developed Tezos Domains and has been managing the development, operations, and maintenance since the project’s inception. This funding will allow us to continue in 2025.
Details
This proposal primarily aims to cover the operational costs required to keep the services running, which include infrastructure management and updates. Time has also been reserved for unforeseen problems and fixes, which will otherwise be used for small features as desired by the community.
Core Team 2025 Operation Budget Summary
Calendar Year 2025
Expenses
$139,442.93
Compensation
$96,000.00
IT (Infra, Subscriptions)
$22,526.49
Contingency (15%)
$20,916.44
Responsibilities of the core team in 2025
Development of New Features
A portion of the budget will be allocated for enhancements (like bulk transfers), provided that no unexpected repairs are required.
Operations
Maintaining and upgrading Tezos nodes
Handling instability of Tezos nodes
Ensuring the compatibility with the protocol upgrades
Keeping the components up to date (taquito, beacon, angular, …)
About the Core Team
The Tezos Domains team has been working together for more than ten years on various large-scale projects. We have been successfully developing and maintaining Tezos Domains since 2020.
Various members of the team have worked on other infrastructure projects in the ecosystem, most recently the selective indexer framework Dappetizer.
Specification
Provide funding for operational expenses in 2025 to the Core Team wallets to be paid in two parts after six months, always one month prior to the start of the half-year.
In order to mitigate the risk associated with Tezos volatility, and because all expenses are in USD, we kindly request the transfer be made in USDT. If necessary, with the conversion of XTZ to USDT to be done before initiating the transfer.
Funding schedule:
Immediately:
Keyholders will approve the funding of tz1iVojPo5Vu7QQQ3QquqmB18mJBgFE1YeoQ (account held by the Tezos Domains Foundation) in XTZ with the equivalent of $69,721 from the on-chain treasury. The amount will be calculated from the going rate at the time of payment.
The TDF will fund 0xa0e7309662235aA0722A2C99cD8735975ebAd1E6 (a wallet held by the core team) with 69,721 USDT.
In June 2025:
Keyholders will approve the funding of tz1iVojPo5Vu7QQQ3QquqmB18mJBgFE1YeoQ (account held by the Tezos Domains Foundation) in XTZ with the equivalent of $69,721 from the on-chain treasury. The amount will be calculated from the going rate at the time of payment.
The TDF will fund 0xa0e7309662235aA0722A2C99cD8735975ebAd1E6 (a wallet held by the core team) with 69,721 USDT.
Can you breakdown what $96k is going on please in more detail for the public? Can we also get an EOY statement of accounts? Way more accountability please and make this information easy to find on teddao.org.
Edit: They resolved the beacon issues recently, good job.
@Snorlax.tez Does the proposal switch to active after 7 days? I’d like some back and forth on this proposal instead of them responding on day 7 and thinking that’s the end of it, then it switches to active.
You’d need to provide reasoning why you wouldn’t want this to be moved to active. It would have to be very in-depth and due-diligence would also need to be done.
This will be included in future updates to the site. The whole point of the site is to be as transparent as possible. The Team have confirmed they will be making an update on accounts soon.
Thank you for your questions regarding the Tezos Domains 2025 proposal. I apologize for the delayed response.
The $96k compensation breakdown reflects our team’s operational model. While it equates to approximately 50% of one full-time developper at a $100/hour wage, our approach is more nuanced. We are a specialized team with multiple experts, each bringing targeted skills and knowledge to different critical areas of the Tezos Domains product. This allows us to efficiently manage and develop the service, covering development, infrastructure, protocol compatibility, and community-requested enhancements.
Our team structure ensures comprehensive coverage of the project’s needs, leveraging individual team members’ specific expertise rather than relying on a single full-time equivalent resource. This approach provides more robust and flexible support for the Tezos Domains infrastructure.
As we are still in 2024 and the complete accounting for this year is not yet finalized, the full financial details and contingency will be comprehensively published early next year.
We appreciate the opportunity to provide further clarification and are open to extending the draft stage if additional information or discussions are needed. Our commitment is to transparency and ensuring the community’s understanding of our operational requirements.
Please let me know if you have any further questions.
How you manage your teams composition is entirely down to you, I have no lack of faith in your ability to actually deliver the work of what is required, but I’m not seeing much of a breakdown.
If we have multiple team members with different expertise, that is absolutely fine, though I haven’t seen much work at all during the past 2 years if I’m being honest with you, except for the minor components side of it and some small QoL, which 1 dev (Roxin) has managed all this time, minimally. (Took you over a year to fix my reported issue on Gitlab). I understand you deal with the backend and not all of your work may be visible.
Could you please provide a full breakdown what the $96k is going towards, just for transparency and explain what happened with the first 15% contingency from the previous funding proposal, is it simply banked or what?
Cheers
Edit: I think going forward, if we do, all costs need to be broken down and justified in complete detail, on all funding proposals team or not. You could say this is an absolute nightmare… Well… You chose the CAO/DAO route - The minimum duration for proposals such as this should be 30 days, 7 days simply isn’t long enough to scrutinize imo.
- The minimum duration for proposals such as this should be 30 days, 7 days simply isn’t long enough to scrutinize imo.