P-018 ACCEPTED: Funding Maintenance of Tezos Domains for 2025

Governance Proposals
1

Voting period

7 days

Category

X Request for action

Abstract

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:

    1. 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.
    2. The TDF will fund 0xa0e7309662235aA0722A2C99cD8735975ebAd1E6 (a wallet held by the core team) with 69,721 USDT.

  • In June 2025:

    1. 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.
    2. The TDF will fund 0xa0e7309662235aA0722A2C99cD8735975ebAd1E6 (a wallet held by the core team) with 69,721 USDT.

Vote on P-018: Tezos Homebase
Vote Ends: 30 December 2024 at 13:42 GMT

Proposal Passing Requirement (Request for action): 50%+ Yes votes, 10%+ TEDv quorum

P-025 EXECUTED: Treasury co-funding of Tezos Domains operations, October 2026 – June 2027
2

And where did the 15% contingency from the last funding proposal go to? Why do you need another 15% contingency?

3

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.

4

@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.

5

As you’ve asked for a breakdown of costs, I would be asking the team to provide this before pushing to active.

6

Can I put a halt to the proposal switching to active?

7

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.

1 Like
8

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.

1 Like
9

Nice one mate, cheers. I’ll respond after they’ve provided the breakdown.

10

Dear dimwit,

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.

11

Hi Martin,

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 :joy: - The minimum duration for proposals such as this should be 30 days, 7 days simply isn’t long enough to scrutinize imo.

12

Dear dimwit,

Thank you for your follow-up questions. Let me provide a more detailed breakdown of both the contingency usage and the $96k budget allocation.

Regarding the previous contingency: The 15% contingency from our last funding proposal was utilized for:

  • Support operations and infrastructure adjustments beyond planned scope
  • Development and implementation of the new affiliation feature which required additional resources

For the $96k compensation breakdown:

  1. Infrastructure & Technical Management (40%):
  • Maintaining and upgrading Tezos nodes
  • System monitoring and reliability
  • Security updates and patches
  • Performance optimization
  1. Development & Feature Implementation (20%):
  • Community-requested features implementation
  • Bug fixes and technical debt management
  • Opening 1d and 2d domain space development
  1. DAO Operations & Management (40%):
  • Financial management
  • Team coordination (Community Manager, SoG, etc.)
  • Proposal development and management

You’re correct that some of our work might appear minimal on the surface, but much of our effort has been focused on increasing revenue streams and ensuring system stability.

Regarding the proposal duration - while extending the review period would allow for more thorough scrutiny, we need to consider that this puts pressure on having the funding secured in time for the start of 2025. For future proposals, we should aim to initiate them in November to allow for extended review periods while ensuring timely funding. This would give us the best of both worlds - thorough community review and timely operational continuity.

Best regards, Martin

1 Like
13

Changing proposal to ACTIVE, assigning P-018 and locking original post from further changes.

Voting details have been added to the OP as per timestamp.

14

Confirming results for P-018

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15

Dear Tezos Domains Community,

We are pleased to announce an important update regarding the funding for the maintenance of Tezos Domains. As you may be aware, governance proposal P-018: Funding Maintenance of Tezos Domains for 2025 was previously accepted, providing for a two-phase funding structure through the Tezos Domains treasury.

We are happy to share that Tezos Domains has secured an operational budget directly from the Tezos Foundation, which will fully cover our core operations for 12 months, until the end of June 2026. As a result, we will not be requesting the second installment of funds described in P-018 from the Tezos Domains treasury.

The current treasury will thus remain intact and reserved for future strategic needs and to support ongoing market-making operations. This is excellent news for the project, as it affords the team greater stability and more time to optimize our income and expenses moving forward.

We are grateful to the Tezos Foundation for their ongoing support and to the community for your continued trust and participation in Tezos Domains governance. If you have any questions or would like further clarification regarding this funding update, please reach out through our official community channels.

Sincerely,
The Tezos Domains Core Team