| Team Name | Executive Team |
|---|---|
| Quarter and Year | Q2 2023 |
| Payout Address | 0xDa63D70332139E6A8eCA7513f4b6E2E0Dc93b693 |
| Total USD Value Requested | $12,352 |
Purpose
The Executive-Team has been the primary custodian of prize pool contracts and prize liquidity since V4 inception. We handle custody and transaction matters where directed by governance, such as claiming rewards, and receiving tokens on networks other than mainnet. We are the goto solution for maximum security custody for the community.
We will continue the custody of delegations for the Community Team, Grants, and SerHotMike. Custody continues to be $300k in total.
We continue with a custody limit of $750k to put a hard cap on our total custody. Activities that approach the cap will be brought forward as an alert. Any funds over that amount will need to be approved by a vote to change the cap. This gives the community a clear picture of what our custody risk is.
Goals
Our primary focus is security. We maintain a 7/11 multi-sig of senior contributors who are well versed in PoolTogether infrastructure, happenings, and the greater DeFi ecosystem.
We look to act in a timely and efficient manner to ensure prize liquidity never runs dry, and that Pooler and treasury funds are safe.
These pillars form our goals
- Security
No loss. We strive to never lose funds. This is an easily evaluated metric we strive to maintain.
- Acting on governance directives
A quarterly team survey evaluates our performance alignment with governance directives. The executive-team aligns with the council. Any concerns from the community are encouraged.
- Ensuring prize delivery
Prizes promised are prizes delivered. We strive for no failed prize claims due to a lack of prize liquidity.
- Acting in an organized and efficient way.
A new procedure is being introduced to outline execution time expectations. Transactions will be presented by lead as having a standard 24hr time to sign and execute. Transactions requiring more immediate attention will be presented with a 12hr time to sign and execute. The team will strive to always meet these deadlines and missed time windows will be reported at quarters end.
Budget
Requested Amount
| Amount | Token |
|---|---|
| 10,144 | USDC |
| 2165 | POOL |
Budget Breakdown
Team Members
| Role | Yearly USD Compensation | Commitment Percentage | Quarterly USDC | Quarterly POOL | Contributor | Contributor Discord |
|---|---|---|---|---|---|---|
| Lead | $120,000 | 16% | $3,816 | 965 | underthesea | underthesea |
| Signer | $100,000 | 4% | $791 | 172 | DaBoom | DaBoom |
| Signer | $100,000 | 4% | $791 | 172 | drcpu | drcpu |
| Signer | $100,000 | 4% | $791 | 172 | Hook | Hook |
| Signer | $100,000 | 4% | $791 | 172 | Noxe | Noxe |
| Signer | $100,000 | 4% | $791 | 172 | Lonser | Lonser |
| Signer | $100,000 | 4% | $791 | 172 | McOso | McOso |
| Signer | $100,000 | 4% | $791 | 172 | Pierrick | Pierrick |
| Signer | $100,000 | 4% | $791 | 172 | TheRealTuna | TheRealTuna |
| Signer | n/a | n/a | n/a | n/a | Brendan | Brendan |
| Signer | n/a | n/a | n/a | n/a | Leighton | Leighton |
Previous Budget Surplus
Any $ the team has that has carried over from previous quarters.
| Description | Amount | Token |
|---|---|---|
| Compensation | 176 | POOL |
| Gas | 392 | USDC |
| Gas | .115 | WETH |
| Prize Liquidity | 100,000 | USDC |
Carryover and Returning
- Gas USDC and WETH will carryover
- POOL Comp will carryover (requested = compensation - carryover)
- We will return the 100k USDC previously funded for prize liquidity but no longer necessary given the reduction in subsidy
Appendix
Token Pricing
| Token | USD |
|---|---|
| USDC | $1 |
| POOL | $1.02 |