[GIP-199] VIBES Asia and Extra Budget
AI summary
This proposal requests an additional $450,000 in USD-denominated assets and 65,000,000 GEAR tokens (worth approximately $540,000) for the VIBES marketing initiative, specifically targeting Asian markets in Q1-Q2. It also seeks approval to sign a 6-month marketing agreement worth $645,000 with service providers like VSG or Capstone, paid half in stablecoins and half in GEAR tokens. The Gearbox Foundation would be authorized to execute these agreements and related transactions.
If passed, Gearbox Protocol will significantly increase its marketing efforts, particularly in Asia, aiming to boost visibility and protocol usage. This involves a substantial expenditure from the treasury, totaling over $1.6 million in combined USD and GEAR tokens, benefiting the VIBES initiative and the chosen marketing service providers. The community will bear the cost through treasury funds.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Author
nikitakle & mugglesect
Summary
This proposal is aimed at approving:
- The VIBES initiative requests additional GEAR and USD funding to further increase Gearbox’ visibility across communities worldwide. The previous [GIP-184] is being put into action, while further commitments are being made that require additional funding. In light of Asian marketing plans for Q1-Q2, which will be described below, an extra $450,000 in USD-denominated assets and 65,000,000 in GEAR (which is equivalent to approximately $540,000 today) are requested. That is planned for Q1-Q2.
As always, all exp…