yearn/budget

Xopowo Budget Request 2023-07-25

Opened this issue · 3 comments

saltyfacu commented

Xopowo's overall commitment remains the same as in #128. In short: Xopowo is focused on supporting existing Yearn projects while innovating and shipping new ones.

Highlights

  • Xopowo is on the way to have their own infra: hosting, sentry, etc.
  • Migration of website provider to wagmi

Projects out of the initial scope

Additionally, we've started working on these projects that were out of the original scope:

  • yETH (900 ETH TVL so far during bootstrapping)
  • yBAL
  • V3

Current scope

Revenue generating

  • yearn.finance
    • OP staking (Over $1m of new TVL to Yearn)
    • yCRV
    • yBribe
    • veYFI
  • yAudit
  • V3

Infrastructure

  • Web lib | Web Template
  • yDaemon
    • Meta
    • APR

Strategic

  • B2B Dashboard
  • ape.tax
  • yearn.clinic
  • NFTreasury.click
  • Macarena.finance

The Plan

The Xopowo team is committed to both maintaining and improving Yearn's current front ends while also looking to create products that bring new users to Yearn through innovative approaches and new functionality. Ensuring a great product experience for current users while seeking new ones. We therefore propose that the Xopowo team maintains Yearn's website, in addition to creating new projects.

Additionally, the team is going to be searching for additional opportunities for product development, partnerships and integrations with other projects and protocols. This may involve grants or funding opportunities from external sources to Yearn - which will bring value back to Yearn through integrations and complementary functions that enhance the user experience.

In the future, the Xopowo Team may seek to reduce its dependence on grants from Yearn and move towards a revenue-sharing scheme. The team believes that this approach will help align its incentives with Yearn's interests while also promoting sustainable growth.

Deadline

2023-10-31

Money

We propose a dual approach to funding contributions toward the development and maintenance of our projects. Firstly, we plan to distribute a grant to each person working on a project.

Secondly, we will use bounties to fund isolated contributions or contributions linked to projects in maintenance mode. This approach will enable us to incentivize individual contributors, ensuring the continued success and growth of our projects.

Our breakdown:

Description Token Amount
Contributors DAI 69500
Contributors YFI 5.1
Infra DAI 2000

Amount

  • 71,500 DAI per month
  • 5.1 YFI per month

Wallet address

0x4F909396A75FE9d59F584156A851B3770f3F438a

Reporting

Monthly

0xBasically commented

I wont be contributing to Xopowo after 10/01/2023 and will continue under my own budget request