GWG June Funding Request
Please find attached GWGs June funding request to cover costs related to stewarding the delivery of NDC V1 Gov led by the NEAR Community. The GWG’s mandate is to steward and facilitate Gigs, RFPs, and Roles to BuiDL and deliver NDC V1 Gov by late Summer '23.
This is our third time around requesting funding from the Community Treasury. May’s bounties are paid out in full. We will be returning 20,000 Near of unused funds from the May round, leaving us approx $3,300 USD.
It’s time for us to get working on paying out the June bounties.
Summary of Changes
There were fewer process changes this time around, but still some:
- We don’t only have June charges, we also included some requests related to anticipated charges for early July where we require quick reimbursments, such as flights and contract audits
- We sped up the turnaround, reviewing the request with the Trustees on the morning after the deadline to submit the bounty forms
- Starting to introduce a “fast track” method, whereby uncomplicated and undisputed bounties with pre-existing KYC approvals can be paid faster than the rest
In Summary, we are requesting $157,711 to cover June’s Retroactive Bounties, down $22k from the original $180k which was budgeted for June in the Q2 Budget.
The following are the budget overruns we saw for June:
- We added a Master Scheduler to the Core Contributors, adding to the already increased team size from adding a Process Lead and increasing the recurring bounty of some Core Contributors last month
- Community Manager hoping to request an increase from $3.5k to $4.5k
We also saw significant savings or reductions compared to budget:
- Fewer BOS Widget gigs than expected (will increase again next month)
- PikesPeak done early with phases 1-3 of the dashboard
- General bounties fewer than expected
- Only one event held at Collision this month
- Marketing down 20k from expected
Funding Request Details
The table below outlines the details of GWG’s request for funding from the Community Treasury for bounties incurred during the month of June 2023:
| Budget line item | Budget Category | June Funding Request | Orig Q2 Budget | Difference |
|---|---|---|---|---|
| Bounties, BOS Widgets | Bounties & Gigs | $20,000 | $25,000 | -$5,000 |
| Bounties, NDC Dashboard | Bounties & Gigs | $0 | $12,300 | -$12,300 |
| Bounties, UI/UX Work | Bounties & Gigs | $4,000 | $4,000 | $0 |
| General Bounties | Bounties & Gigs | $8,000 | $12,500 | -$4,500 |
| Community Events | Events & Swag | $2,000 | $6,000 | -$4,000 |
| Swag | Events & Swag | $2,500 | $2,500 | $0 |
| Travel | Events & Swag | $9,000 | $9,000 | $0 |
| Core Team, Governance | Governance | $4,250 | $4,250 | $0 |
| Core Team, Operations & WG Support | Governance | $10,000 | $0 | $10,000 |
| Core Team, Master Scheduler | Governance | $4,500 | $0 | $4,500 |
| Core Team, Legal | Governance | $4,500 | $4,500 | $0 |
| Community Moderators | MarComm | $3,000 | $2,800 | $200 |
| Core Team, Community Mgr | MarComm | $4,500 | $3,500 | $1,000 |
| Core Team, Near Studio | MarComm | $0 | $900 | -$900 |
| Core Team, Social Media Strategy | MarComm | $4,500 | $4,500 | $0 |
| Core Team, WG Coaching | MarComm | $6,000 | $4,250 | $1,750 |
| IAH Incentives, Guerilla Marketing | MarComm | $5,000 | $25,000 | -$20,000 |
| Bounties, Charter Drafting | Program Mgmt | $5,000 | $5,000 | $0 |
| Bounties, Note Takers | Program Mgmt | $1,200 | $1,200 | $0 |
| Core Team, Project Managers | Program Mgmt | $23,000 | $16,510 | $6,490 |
| Tools & Subscriptions | Program Mgmt | $500 | $500 | $0 |
| Core Team, Architect | Tech Team | $8,000 | $8,000 | $0 |
| Core Team, Full Stack | Tech Team | $15,000 | $15,000 | $0 |
| Core Team, QA | Tech Team | $2,500 | $2,500 | $0 |
| Core Team, Smart Contracts | Tech Team | $2,500 | $2,500 | $0 |
| Contingency | Contingency | $8,261 | $8,261 | $0 |
| Total | $157,711 | $180,471 | -$22,760 |
