Proposal “DIF-1ST-TRANCHE-FUNDING-Q2-2020“ (Active)Back

Title:DIF 1st tranche funding - remainder of Q2-2020
Owner:TheDIF
Monthly amount: 240 DASH (17934 USD)
Completed payments: no payments occurred yet (2 month remaining)
Payment start/end: 2020-05-15 / 2020-07-13 (added on 2020-05-15)
Votes: 789 Yes / 81 No / 0 Abstain
Will be funded: Yes
Manually vote on this proposal (DashCore - Tools - Debugconsole):
gobject vote-many 783c0b3c7b3144f59015730a6533856395bb03c801c3abe4b8e8b192cdb8e75a funding yes

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Proposal description

Please read this letter to the network for a comprehensive update on the plans for the DIF going forwards.

https://github.com/DashInvests/dif-communication/blob/master/DIF_Statement_15.05.2020-For_Immediate_Release.pdf
 
Monthly ask will be 480 Dash for the next two months

In line with previous proposals we are looking for continued funding of 9% of the treasury budget. As discussed in the letter, we will revert back to the format we used successfully in Q4-2019 and submit two proposals each quarter at 4.5%. This translates into an ask of 240D per proposal. This is the first proposal, the second can be found here.

What Does This Proposal Fund?

All Dash received are for only two purposes: 

1) reserves and 
2) fund management/admin/legal expenses.

Reserves represent up to 95% of this allocation, with the remaining funds for management, administration, and legal. Thanks largely to Demelza Hays offering the DIF a deeply discounted rate for consultancy services, we can keep ongoing costs to a minimum.

How Much Does the DIF Currently Have in Reserve?

3146 Dash.

What is the DIF’s Strategy Now That it Has an Investment Consultant?

Please see Demelza’s presentation in the DIF’s Q4-2019 quarterly report call here. You will also be able to find out much more information about our strategy and future plans in the letter published to the network on 15.05.2020.

When does the DIF hold its next Quarterly Report call?

Our Q2-2020 Report Call will be held around the 3rd week of July. We will release the exact schedule nearer the time. This will be broadcast live and there's a stickied post on top of r/dashpay to submit questions for the Questions and Answers section of the call. 

We hope to answer any questions you may still have below. 
Thank you for your servicing Dash’s governance needs.

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Discussion: Should we fund this proposal?

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0 points,11 days ago
Glad to see the DIF offer us 2 tranches again, with the tighter budget, gives voters more flexibility, yes on tranche 1 for sure.
Reply
-1 point,12 days ago
Easy Yes, we want the dao to buold up reserves and be able to make valued investments!
Reply
-1 point,12 days ago
Build*
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0 points,13 days ago
YES. I want the DIF to get some substantial funding.
Reply
0 points,13 days ago
Hi Criticalinput,

Thank you for your support.

The DIF Team
Reply
-1 point,13 days ago
I and the Haitian Dash community support all proposals that want to help dash growing.

Good Luck !
Reply
1 point,14 days ago
Happy with these changes so you have my votes. One thing to ask however, is there a maximum amount of reserves or goal that the DIF seeks to acquire?
Reply
0 points,14 days ago
You have my support for this (and for now only this) specific 1st tranche of funding.
Reply
0 points,13 days ago
Thank you for your support Quizzie.

The DIF Team
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