Proposal “DCG-SUPPLEMENTAL-MAR23“ (Completed)Back
| Title: | Dash Core Group March Supplemental Funding Proposal |
| Owner: | quantumexplorer |
| One-time payment: | 180 DASH (5352 USD) |
| Completed payments: | 1 totaling in 180 DASH (0 month remaining) |
| Payment start/end: | 2023-03-12 / 2023-04-11 (added on 2023-03-18) |
| Votes: | 531 Yes / 85 No / 0 Abstain |
Proposal description
Dash Core Group March 28th Supplemental Funding Proposal
DCG already submitted 2 funding proposals for the budget cycle that pays out March 28th. This is a supplemental proposal that will fund Dash Core Group with an additional 180 Dash:
1) DCG Compensation: 2,296 Dash per month (currently in month 1/3)
2) DCG Infrastructure: 459 Dash (currently in month 1/2)
3) DCG Compensation Supplemental: 180 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 $60, 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?
Seven months ago we reduced our compensated team size by about 15%, lowering our break-even price from ~$120/Dash to ~$103/Dash. It has since lowered to ~$93/Dash due to additional departures and cost cutting measures. Our compensation reserve now sits slightly around 3 and 1/2 months (if no additional funds).
Do you plan on more layoffs in the near future?
Dash Core Group is now mostly a technical organization with most of our business development and marketing staff having exited the project. The remaining staff is essential to us functioning at a high level. We have no plans to revisit further reducing our staffing in the next month.
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. In the case that the bear market does not last as long the funds can then be used to increase capacity and get a lot of extra manpower behind future features.
Didn’t DCG previously communicate they wouldn’t request over 60% of the total proposal system budget?
Yes. In the past, Ryan Taylor, previously CEO of Dash Core Group, made a commitment to the Dash network that DCG’s monthly ask would never exceed 60% of the total budget. This was stated after there was significant backlash against DCG requesting funding for tax-related expenses in late 2018, which caused competing proposals to be pushed off the funding list. In this cycle, the same situation is not present; no other proposals would be negatively affected by this request for supplemental funds. It therefore seems to be in the best interest of the project to remove the self-imposed 60% limit, as not doing so would effectively hurt us by having to let go of people that are providing value to the project.
Samuel Westrich (Quantum Explorer) had reached out to the Dash Trust Protectors four months ago and asked whether they would support DCG making a proposal for the rest of the available treasury this month. All responses from the Trust Protectors had come back with support for the supplemental proposal. Given this indication of support, we decided to move forward and have masternode owners vote on these supplemental proposals every month for unused treasury funds.We will continue making such supplemental proposals in the case of unused treasury funds - waiting around one week before the end of each cycle to leave time for other submissions.
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 January 26th superblock:
DCG already submitted 2 funding proposals for the budget cycle that pays out March 28th. This is a supplemental proposal that will fund Dash Core Group with an additional 180 Dash:
1) DCG Compensation: 2,296 Dash per month (currently in month 1/3)
2) DCG Infrastructure: 459 Dash (currently in month 1/2)
3) DCG Compensation Supplemental: 180 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 $60, 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?
Seven months ago we reduced our compensated team size by about 15%, lowering our break-even price from ~$120/Dash to ~$103/Dash. It has since lowered to ~$93/Dash due to additional departures and cost cutting measures. Our compensation reserve now sits slightly around 3 and 1/2 months (if no additional funds).
Do you plan on more layoffs in the near future?
Dash Core Group is now mostly a technical organization with most of our business development and marketing staff having exited the project. The remaining staff is essential to us functioning at a high level. We have no plans to revisit further reducing our staffing in the next month.
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. In the case that the bear market does not last as long the funds can then be used to increase capacity and get a lot of extra manpower behind future features.
Didn’t DCG previously communicate they wouldn’t request over 60% of the total proposal system budget?
Yes. In the past, Ryan Taylor, previously CEO of Dash Core Group, made a commitment to the Dash network that DCG’s monthly ask would never exceed 60% of the total budget. This was stated after there was significant backlash against DCG requesting funding for tax-related expenses in late 2018, which caused competing proposals to be pushed off the funding list. In this cycle, the same situation is not present; no other proposals would be negatively affected by this request for supplemental funds. It therefore seems to be in the best interest of the project to remove the self-imposed 60% limit, as not doing so would effectively hurt us by having to let go of people that are providing value to the project.
Samuel Westrich (Quantum Explorer) had reached out to the Dash Trust Protectors four months ago and asked whether they would support DCG making a proposal for the rest of the available treasury this month. All responses from the Trust Protectors had come back with support for the supplemental proposal. Given this indication of support, we decided to move forward and have masternode owners vote on these supplemental proposals every month for unused treasury funds.We will continue making such supplemental proposals in the case of unused treasury funds - waiting around one week before the end of each cycle to leave time for other submissions.
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 January 26th superblock:
- 179 Dash ($10,740 USD @ $60 per Dash)
- 1 Dash Proposal fee reimbursement
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Discussion: Should we fund this proposal?
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* Dash Platform delays making it more and more difficult to deliver Dash Platform on Mainnet through current compensation reserves, as previously stated by DCG (enough funds available to deliver Platform).
* Supplemental budget proposals sometimes passing due to support of a few major masternode whales and sometimes not passing (most likely due to the constant Platform delays last year and this year causing negative sentiment).
I think at this point it is safe to say that having constant development delays without really a good explanation, will come at a price. And at some point this will all come to a clash. I just hope that DCG has plans in place, if above events continue to play a role.
If DCG can deliver according to the newly updated roadmap, then perhaps there will be more support for these supplemental budget proposals from DCG in the future.
Which means :
Releasing v19.0.0 end of this month to Mainnet
Releasing Platform RC1 to Testnet in May 2023
Releasing Platform and Dash Core v20 in June 2023
Activating Dash Platform in July 2023
Releasing DashPay in August 2023
Source : https://www.dash.org/roadmap/
dashmate: disable platform for HPMN on mainnet
https://github.com/dashpay/platform/pull/852
However, these funds have to be audited in DCG and managed correctly.
Also, this action don't should not be customary to perform.
Someone can find Dash project on the Internet and launch an interesting proposal in last time in the treasury and come into conflict with the Supplemental Funding Proposal and we lose growth capacity.
(new DFO)
I think that growth vs stagnation is important !!