Core Team Assistance June 2024 by reuben
Why?
This is the 18th request to the CFC as we committed to do month to month requests instead of a lump sum request.
Core team gets about ~16000 FIRO a month from the share of the block reward. At today's prices this is USD19,040
Breakdown of Core Team Expenses
We have temporarily paused research since there are not urgent outstanding research tasks. We have also paused sysadmin services.
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.
Community Support: 1000 USD Batuhan 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 48,200
Deficit: USD 29160
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: ~USD 29160 in FIRO equivalent
At current prices, the CFC's block reward for a single month wouldn't be sufficient but we can probably stretch our payments a bit more to give us some breathing room. We are considering letting go or renegotiating with some of our developers.
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.
- Proposal created 2024-07-11 13:59
- Discourse topic posted 2024-07-11 13:59
- Status changed from 'idea' to 'Funding Required' 2024-07-17 09:02
- Donation address generated 2024-07-17 09:02
- Funding target changed from '24504.0 FIRO' to '22260.0 FIRO' 2024-07-19 05:58
- Payment of 7306.00041656 FIRO sent 2024-07-19 08:30
- Payment of 1579.99999625 FIRO sent 2024-07-23 13:29
- Payment of 972.00017305 FIRO sent 2024-07-26 11:48
- Payment of 833.0 FIRO sent 2024-07-28 15:08
- Payment of 778.0 FIRO sent 2024-07-30 17:14
- Payment of 2259.0 FIRO sent 2024-08-06 09:03
- Payment of 2585.0 FIRO sent 2024-08-13 14:36
- Payment of 3398.0 FIRO sent 2024-08-22 16:01
- Payment of 1837.0 FIRO sent 2024-08-27 19:41
- Payment of 712.00082632 FIRO sent 2024-09-01 12:47
- Status changed from 'WIP' to 'Completed' 2024-09-30 10:42
- Amount:
712.00085 FIRO - TXID:
49c05860798a9eb08c45e3af5e1591f6257d872d249babf9584eff7de13e0fc0 - Date:
2024-09-01 12:47
- Amount:
712.00003341 FIRO - TXID:
a7fab0c4d358ed786902cdc50ddcf23830dc7aa4f761b7e559d6da76aed87e26 - Blockheight:
950086 - Confirmations:
63752
- Amount:
1837.0 FIRO - TXID:
567b6d5cfc7cce251a749e74f7b0df0b77e6e2c800dead7caa73b01de4699c36 - Date:
2024-08-27 19:41
- Amount:
458.00009171 FIRO - TXID:
ecca25652dd100fc3dfe78f5865b0d6f564a94c18c27cdfdb8f267db9956ea6f - Blockheight:
947434 - Confirmations:
66404
- Amount:
1379.00010295 FIRO - TXID:
2daa034c822e00ba4f05e1a1615448f053351331034a78aca76f79772049bfa8 - Blockheight:
946703 - Confirmations:
67135
- Amount:
3398.0 FIRO - TXID:
51da31158fb86d733163ea64dd3043cc0b1669de98adba0555f31660b6946c6f - Date:
2024-08-22 16:01
- Amount:
760.00007224 FIRO - TXID:
10e7a416515b8814ed7c8156d376f96b4e9bb1627a050ed717b708d836ae6411 - Blockheight:
944496 - Confirmations:
69342
- Amount:
2638.00009188 FIRO - TXID:
786bc274ddc9ce8825ca749f8ab1e7172be4facd04b96c640f0d03d086a75a76 - Blockheight:
943306 - Confirmations:
70532
- Amount:
2585.0 FIRO - TXID:
c1dc347b75da7973beb7a114acfc4236e7565ff97cbeef9fecd533a97c5947b4 - Date:
2024-08-13 14:36
- Amount:
1623.00015165 FIRO - TXID:
652053a54263141c90baf0fec49888cfaeec12cc156bfbe148e918ad679b8e9f - Blockheight:
939091 - Confirmations:
74747
- Amount:
962.00008492 FIRO - TXID:
e4c571a7f0fa959265e596bc838decf1c8a640128b672edf93d7d71897257f54 - Blockheight:
936464 - Confirmations:
77374
- Amount:
2259.0 FIRO - TXID:
7e509581de99defbe31339f7efb42bdc91c7660f808956ae89d47398281074b7 - Date:
2024-08-06 09:03
- Amount:
2259.00010295 FIRO - TXID:
66c75ceb8f468cb8ea04383e5f135b4b23ae13470d3aa05f15f3014c7b99a08f - Blockheight:
934936 - Confirmations:
78902
- Amount:
778.0 FIRO - TXID:
474c795a5bd2585ba3a363cf99deaf814f46be6e4bc6dbb9bfb4f9d31ead990f - Date:
2024-07-30 17:14
- Amount:
778.0000727 FIRO - TXID:
19a9bf5994a2a598bde966c93ef9cec425fd1e5d2cf5e62dff9e103022f8b1c4 - Blockheight:
931308 - Confirmations:
82530
- Amount:
833.0 FIRO - TXID:
64915692d707733c88186d9fd40b225d4d760b2c1963810962a40da60f01fbf5 - Date:
2024-07-28 15:08
- Amount:
833.00004886 FIRO - TXID:
31c383fe7b1e2b0c34024f7480a46abf74dc064d20fdbe1ae73187e957e6534e - Blockheight:
930072 - Confirmations:
83766
- Amount:
972.0002 FIRO - TXID:
b1a999689287e8149e6128ffbecaedd732c941d87d9c362a94dba26259df4d11 - Date:
2024-07-26 11:48
- Amount:
202.00009188 FIRO - TXID:
52c5ea2221ace692d15d32957290fb61dae0425afdb4106c03b2fdd0dcf0d44d - Blockheight:
928755 - Confirmations:
85083
- Amount:
770.00008492 FIRO - TXID:
b89faa92833ccaa94d9085c19f23644a060fa0d4e87d6c5518f322b1b517ae5e - Blockheight:
928440 - Confirmations:
85398
- Amount:
1580.0 FIRO - TXID:
52fd5c4db5405080357fdf2f4e30703b328c6e8fc274c7d693f1a88f0723e821 - Date:
2024-07-23 13:29
- Amount:
580.00003083 FIRO - TXID:
7e0a681367692bec885643c9adba4c84c0f4be4243c98fc6d339faefdd934e8e - Blockheight:
927179 - Confirmations:
86659
- Amount:
1000.00004886 FIRO - TXID:
717b254954864f2af62fefffaf42fecd1c7f27474615f2d21acc4b27c8452733 - Blockheight:
927178 - Confirmations:
86660
- Amount:
7306.0005 FIRO - TXID:
064e11295ef4306aead2ced8f16353028b70041601e711c4c6c5437ad596d684 - Date:
2024-07-19 08:30
- Amount:
806.00026671 FIRO - TXID:
e1cbc0220cae38c65d735828675e224f3547b7b331a970ac5d11f2f676b9c737 - Blockheight:
924650 - Confirmations:
89188
- Amount:
6500.00014985 FIRO - TXID:
3155f5e780df23f9efde05d1317041be18aeddfe97b3e1bd07f997fd469f1a3d - Blockheight:
923639 - Confirmations:
90199