Proposal “DIF-2ND-TRANCHE-FUNDING-Q2-2020“ (Completed)Back

Title:DIF 2nd tranche funding - Remainder of Q2-2020
Monthly amount: 240 DASH (18008 USD)
Completed payments: 2 totaling in 480 DASH (0 month remaining)
Payment start/end: 2020-05-15 / 2020-07-13 (added on 2020-05-15)
Votes: 818 Yes / 296 No / 8 Abstain

Proposal description

Please read this letter to the network for a comprehensive update on the plans for the DIF going forwards.
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 second proposal, the first 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,4 months ago
Like it - easy yes from me. Its all about creating security
1 point,5 months ago
Voted NO on this specific tranche (#2) to allow Andy Freer's proposal to pass.
0 points,5 months ago
Hi quizzie

Is the real issue more about looking at the cost/benefit analysis of the other proposals further down the list who are all competing with the DIF for a share of approximately 560D in total (by my calculations)?

Will the network fund Nexus at 100D after not funding them for the first 3 months of their 4 month proposal? (they've not yet been funded on their current proposal). Maybe, but that's one example of the real trade-offs MNOs need to consider when deciding whether or not to vote for the DIF funding imo. Maybe the network would prefer not to fund Nexus and support Haiti or DashCam? or a combination of other proposals such as the developer based ones instead?

IDK, but I just wanted to point out that if you're genuinely only voting no on this proposal to make sure Platform Incubator passes then I'd ask you to consider the broader trade-offs in addition.

Thank you for your support on tranche #1.

1 point,5 months ago
Going to vote No on this tranche, want to see the Andy Freer proposal pass and there isn't enough left in the budget for both tranches then.
-1 point,5 months ago
Easy Yes!
1 point,5 months ago
YES. In the past we have thrown over a million dollars at celebrity types. I am not making that mistake again. I have liked the DIF concept right from the start. It adds a further dynamic to how Dash can be invested.