Threshold Treasury Guild 2Q23 Budget Proposal
AI summary
This proposal requests 50 million Threshold Network Tokens (T), worth approximately $1.6 million, for the Threshold Treasury Guild (TTG) to cover its operations and initiatives for the second quarter of 2023. The funds will be used for contributor compensation, liquidity incentives to encourage participation in the network, diversification of the treasury's assets by acquiring Ethereum, reimbursement for node operators, and payments for security audits of the network's code. The TTG is responsible for managing these funds.
If approved, the Threshold Treasury Guild will receive $1.6 million to fund its operations and various network initiatives, including paying contributors, incentivizing liquidity providers, and securing the network through audits. This benefits contributors and the overall health of the Threshold Network by supporting its growth and security. Failure to pass could hinder these operations and incentives.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Forum discussion: https://forum.threshold.network/t/gp-threshold-treasury-guild-2q23-budget-proposal/593
Text of proposal: Threshold Treasury Guild: 2Q23 Budget Request
Vote Type: Single choice voting (Yes/No)
Overview:
As part of TTG´s mission and scope and with its defined objectives the TTG is requesting discretionary funding of 50m T (~$1.6m) from the Threshold Treasury for Q2 2023.
This discretionary budget will be primarily used for:
Compensation for Threshold’s Guild and Council contributors Execution of ongoing liquidity incentives Execution of diversification efforts Reimbursem…