Proposal “DCG-SUPPLEMENTAL-JUNE-23“ (Completed)Back
| Title: | Dash Core Group June Supplemental Funding Proposal |
| Owner: | quantumexplorer |
| One-time payment: | 402 DASH (11747 USD) |
| Completed payments: | 1 totaling in 402 DASH (0 month remaining) |
| Payment start/end: | 2023-06-11 / 2023-07-11 (added on 2023-06-14) |
| Final voting deadline: | in passed |
| Votes: | 483 Yes / 70 No / 0 Abstain |
Proposal description
Dash Core Group June 26th Supplemental Funding Proposal
DCG already submitted 1 funding proposals for the budget cycle that pays out June 26th. This is a supplemental proposal that will fund Dash Core Group with an additional 402 Dash:
1) DCG Compensation: 2,558 Dash per month (currently in month 1/3)
2) DCG Compensation Supplemental: 402 Dash (currently in month 1/1)
What does this specific proposal fund?
Assuming DCG’s current compensation proposal passes, with the price of Dash at $30, our funding for compensation will represent a significant gap from our actual compensation expense. This proposal will look to reduce some of the gap between our compensation revenue and our compensation expense.
Did DCG reduce staff?
We recently reduced our compensated team size by about 10%, our current break even price sits at around 80$/Dash. Our compensation reserve now sits slightly around 2.5 months (if no additional funds - and around 4 months considering current level of funding).
Do you plan on more layoffs in the near future?
While we are hoping not have to make additional layoffs, we are in a situation where we either need to make layoffs in the upcoming months or get additional funding.
How much of an impact do the supplemental proposals have?
A big impact. The supplemental proposals leave us in a much better state to hold off being forced to cut vital employees as the bear market lasts longer.
If you have any questions, please direct them to @quantumexplorer at dashcentral to ensure we are notified of your request.
Requested funding is as follows for the June 26th superblock:
DCG already submitted 1 funding proposals for the budget cycle that pays out June 26th. This is a supplemental proposal that will fund Dash Core Group with an additional 402 Dash:
1) DCG Compensation: 2,558 Dash per month (currently in month 1/3)
2) DCG Compensation Supplemental: 402 Dash (currently in month 1/1)
What does this specific proposal fund?
Assuming DCG’s current compensation proposal passes, with the price of Dash at $30, our funding for compensation will represent a significant gap from our actual compensation expense. This proposal will look to reduce some of the gap between our compensation revenue and our compensation expense.
Did DCG reduce staff?
We recently reduced our compensated team size by about 10%, our current break even price sits at around 80$/Dash. Our compensation reserve now sits slightly around 2.5 months (if no additional funds - and around 4 months considering current level of funding).
Do you plan on more layoffs in the near future?
While we are hoping not have to make additional layoffs, we are in a situation where we either need to make layoffs in the upcoming months or get additional funding.
How much of an impact do the supplemental proposals have?
A big impact. The supplemental proposals leave us in a much better state to hold off being forced to cut vital employees as the bear market lasts longer.
If you have any questions, please direct them to @quantumexplorer at dashcentral to ensure we are notified of your request.
Requested funding is as follows for the June 26th superblock:
- 401 Dash ($12,030 USD @ $30 per Dash)
- 1 Dash Proposal fee reimbursement
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