Voting period
14 days
Category
X Request for action
Abstract
This proposal provides funding for maintaining and operating the Tezos Domains project for the core team for 2024 without any new significant features. The core team behind Tezos Domains is respectfully requesting funding to cover the necessary expenses for 2024 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 2024.
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 2024 Operation Budget Summary
Calendar Year 2024 | |
---|---|
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 2024
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, …)
Projection for Funding in 2024
For the year 2024, we expect expenses from this proposal to be covered by ongoing revenue. We project this revenue to be around $191,000, based on 90 days of domain registration fees and the current XTZ/USD rate at the time of publishing. New significant feature development can be funded with separate proposals based on community interest.
Here is the updated state of the treasury.
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 2024 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 2024:
- 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.
EDIT: The voting period was extended to 14 days. because of the upcoming holiday season.
This proposal has been created on Homebase after meeting all ACTIVE criteria.
Vote on P-005: Tezos Homebase
Vote Ends: Jan 2, 2024 4:09 PM UTCProposal Passing Requirement (Request for action): 50%+ Yes votes, 10%+ TEDv quorum