UPDATES GO HERE
-
Increased monthly budget ask from $37K to $77K due to planned third-party hires required for tasks related to the three working group charters. e.g. we currently pay WebSlingers $75K per month as per their bid to the RFP which the DAO published.
-
Increased bizdev budget from $5K to $10K to make it yearly instead of every 6 months. This provides more flexibility in project approvals and spending. For example, we recently gave Machi over $11M for AIP-304. Once the AA spends its yearly budget, it can either request additional funds via an AIP or wait until the following year. If funding is depleted before year end, AA can also opt to continue signing up projects, while letting the AAP authors know that funding won’t happen until the next budget is allocated.