Core Team Assistance February 2025 by reuben

Why?

This is the 20th request to the CFC as we committed to do month to month requests instead of a lump sum request. Our last request was in October 2024 but due to volatile market conditions, we are making this request again to cover our shortfall.

Core team gets about ~16000 FIRO a month from the share of the block reward. At today's prices this is USD21,600

Breakdown of Core Team Expenses

Developer Pay (covers 4 developers Peter, Levon, Artur and Narek) 30,000 USD/month

Admin/Support/Management (including Reuben) 9500 USD/month (covers Reuben, Anwar, Ajay)

Hosting Fees: 1,200 USD/month This covers Github, Continuous Integration, Matrix, chat bridges, seed nodes, explorers, light wallet servers, testnet and website hosting fees. The bulk of this is on explorers and the light wallet support which require beefier specs.

Network Infra and Campfire support 2100 USD/month This is paid to CypherStack for their dev ops work in maintaining various systems and also keeping Campfire and Stack wallet development.

Community Support: 1000 USD Lil-King receives 500 USD to assist with community management. The remainder is for various giveaways, merchandise and community events or to reward volunteer community managers.

Market Making 6500 USD/month We have increased our market making expenses to have full coverage on all important markets.

Total: USD 50,300

Contractor Pay (Blockstars) 8,000 USD/month This is funded by PUP and is used to accelerate Spark Assets development. This will be excluded from total and does not contribute to deficit.

Deficit: USD 28,700

Do note that the deficit is only an estimate and is based on the current market price. This figure changes with the ebbs and flows of the market.

How much?

Total requested: 21259 FIRO (28,700 USD)

This covers the deficit in full and still leaves the CFC with around 6k FIRO for various other initiatives (not including existing liquidity in the Pancakeswap pool)

We won't be requesting volatility protection especially this will be on a month to month basis.

We are requesting for this proposal to be reviewed on a month to month basis by the Community Fund Committee so that in the event market conditions improved we can cease this and we can also adjust the amount requested.

The core team as a general principle does not want to make requests from the Community Fund unless absolutely necessary and we appreciate the support.