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Background: With increasing market volatility, DCDAO needs a more flexible budget model to cope with changing conditions. If the bear market persists, the required amount of RING may exceed the Darwinia Treasury's budget limit, making it difficult to maintain sufficient operating funds (decentralized projects typically require a runway of 3 years or more to ensure sustained ecosystem development in uncertain market conditions). Therefore, I recommend that DCDAO switch between bear or bull market budget modes to better manage spending and ensure long-term sustainability.
Bear Market Mode: Monthly cap of $14,000 and 9,000,000 RING. (Current Mode)
Bull Market Mode: Monthly cap of $20,000 and 4,000,000 RING.
2. Budget Control Measures
Steering Meeting: Already adjusted to bi-weekly, we recommend reducing the subsidy from $1,000 to $500 accordingly.
Community Program: Adjusted to $4,000.
Treasury Specialist: Adjusted to $600.
Community Growth Program: Adjusted to $1,500.
Marketing and Branding Program: Infura Program has been canceled (already approved and implemented), and other budgets including frontend can adjusted to $3,500.
3. Overall Recommendations
Flexible Mode Switching: Switch between bear and bull market modes based on market changes to ensure the budget aligns with market conditions.
Regular Evaluation: Review budget performance monthly or quarterly to ensure efficient resource allocation and make adjustments as needed to avoid shortfalls.
Transparent Management: Strengthen budget transparency through reporting and timely communication, and regularly update DAO members on expenditures to ensure community engagement and governance.
4. Reminder
Q3 has ended, and existing programs are updated quarterly and do not auto-renew. As we enter Q4, all programs, if they desire to continue, should be updated, submitted, and voted on for approval before they can take effect.
This budget adjustment plan helps optimize spending during bear markets, ensuring core project operations, while allowing for increased investment during bull markets to foster long-term growth.
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1. Budget Mode Background and Explanation
Background: With increasing market volatility, DCDAO needs a more flexible budget model to cope with changing conditions. If the bear market persists, the required amount of RING may exceed the Darwinia Treasury's budget limit, making it difficult to maintain sufficient operating funds (decentralized projects typically require a runway of 3 years or more to ensure sustained ecosystem development in uncertain market conditions). Therefore, I recommend that DCDAO switch between bear or bull market budget modes to better manage spending and ensure long-term sustainability.
Bear Market Mode: Monthly cap of $14,000 and 9,000,000 RING. (Current Mode)
Bull Market Mode: Monthly cap of $20,000 and 4,000,000 RING.
2. Budget Control Measures
3. Overall Recommendations
4. Reminder
This budget adjustment plan helps optimize spending during bear markets, ensuring core project operations, while allowing for increased investment during bull markets to foster long-term growth.
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