Proposal “DIF-suplemental-funding-Feb“ (Completed)Back

Title:DIF February 2022 funding
Owner:TheDIF
One-time payment: 750 DASH (22168 USD)
Completed payments: 1 totaling in 750 DASH (0 month remaining)
Payment start/end: 2022-02-11 / 2022-03-12 (added on 2022-02-15)
Votes: 842 Yes / 173 No / 0 Abstain

Proposal description

===Addition Feb, 17
I have posted all DIF assets including the illiquid assets here
===End addition


Dear Network,

We received feedback that we should put out a Q4 report. Our Q4 reporting has been expedited because of this feedback. For our full Q4 report please subscribe to our newsletter. The newsletter will be available online for those who do not wish to subscribe. 


In the fourth quarter the DIF voted to invest $450,000 in two different companies. Announcements of those investments are being prepared.

At the end of Q4 the DIF liquid assets were:

$285,191 USD
1,812 DASH
15,576 RUNE

The amount of funding we receive influences our strategy going forward.

During January and February we met with three possible investments and a current partner. We are also preparing an information campaign about the Valkyrie Dash Trust.

Best,

Darren

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Discussion: Should we fund this proposal?

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1 point,2 years ago
In case anyone else is curious about the DIF's asset values in terms of DASH:
1,812 DASH (1,812 DASH)
2,640 DASH (285,191 USD / 108 USD/DASH)
640 DASH (15,576 RUNE * 4.44 USD/RUNE / 108 USD/DASH)
5,092 DASH (Total DASH value of DIF assets at time of this comment)
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0 points,2 years ago
Oh, and by the way, glad you asked for 750 DASH this month. The DIF has my full support.
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2 points,2 years ago
^liquid assets, for clarity. This doesn't include investments etc.
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0 points,2 years ago
Thanks for clarifying.
I assume the non-liquid assets are listed somewhere as well. If not, would be good to have them public somewhere.
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0 points,2 years ago
Thanks for your tacit question Rion.

I have posted all DIF assets here:

https://github.com/DarrenTa/dif-communication/blob/master/2022-end-year-balance%20sheet.md

I'll add this link above.
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1 point,2 years ago
Thanks, Darren! That's very helpful.
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1 point,2 years ago
750 Dash is a fair chunk, is this ear marked for anything, or just building up reserves?
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3 points,2 years ago
Thank you for your question.

Over $50k has already been spent for our Director fees (annual expense)
Supervisors must vote on the following, but I consider them likely allocations.

$100k further investment in CrayPay (bringing total outlay to $300k)
An amount of Dash which is value equivalent to the RUNE when Dash goes live on THORChain.

The rest is for our reserves. The larger our reserves are the more aggressive we can be.
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0 points,2 years ago
thanks for explaining Darren
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