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DAO Grants Program - Budgeting System

EnactedGovernance

Proposal Details

Author0xd11a…1f49
PublishedDec 14, 2022 06:08
Voting beginsDec 14, 2022 06:08
Voting endsDec 28, 2022 06:08
Snapshot#f5caddc

Description

The Decentraland DAO has been granted a [10-year vesting contract](https://vesting.decentraland.org/#/0x7a3abf8897f31b56f09c6f69d074a393a905c1ac) worth 222M MANA starting on Feb 19, 2020. The MANA in this contract vests every second, thus gradually increasing the size of the DAO’s fund, at a rate of 1.8M MANA per month. Also, the DAO has its own revenue streams such as marketplace fees and wearable curation fees. This proposal defines a strategy to limit the maximum amount of funds that can be allocated quarterly via the Grant Program.

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