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Encode Club Tranche 3 Funding Request
We would like to claim Tranche 3 of a pre-agreed funding (see here) to cover the costs of the recently finished Scalability Hackathon and fund the final stage: an accelerator for 12 of the best teams from the hackathon. This is time-sensitive as we'd like to invite most of the recent winners from the hackathon.
Full proposal is here.
Additional note, Fri 22nd August: Note we've added a supplementary document with a fuller cost and explanation break-down here.
As per our proposal, the funding request is as follows:
Additional Note, Friday 29th August: based on feedback from the AAG on Thursday 28th August, we attach our hackathon project track record within Polkadot here and accelerators here.
Costs further breakdown, we are asking for $128.3kk
- Hackathon Prizes already paid to be reimbursed: $48k (we are out of pocket).
- Accelerator Costs to pay: $80k, split:
Marketing: $7k: Roughly $50/hour x 140h over 8 weeks (15-20 hours per week creating content, coordinating with partners etc)
Programme Management: $40k: roughly $75/hour x 550 h (full-time for 12 weeks providing support for the cohort, doing 1-1s, creating educational materials)
Tech Infrastructure: $3.5k: roughly cost of developer setup and maintenance of Encode's front and back-end (www.encodeclub.com).
Admin: $3.5k: cost of financial and paperwork admin across 12 weeks and pro rata use of subscription-based tooling
Prizes/grants: $26k to fund the 12 chosen teams for their time during the programme, roughly $2-3k each.
Comments (15)
Requested
Proposal Failed
PolkaWorld Vote: NAY
Please provide a detailed breakdown of the fund usage. The current proposal’s financial details are too vague, making it difficult to determine how the funds are being allocated. The budget section is overly unclear and requires a clearer version to properly assess its reasonableness.
See all feedback here.
@polkaworld Totally reasonable, it was buried in our proposal. Please find it now added. Do Polkaworld find it acceptable?
Dear Proposer,
Thank you for your proposal. Our first vote on this proposal is AYE.
The Medium Spender track requires 50% quorum (at least 5 aye votes) and simple majority of non-abstain votes according to our voting policy v0.2, and any referendum in which the majority of members vote abstain receives an abstain vote. This proposal has received seven aye and zero nay votes from ten available members, with one member abstaining. Below is a summary of our members' comments:
The full discussion can be found in our internal voting.
Please feel free to contact us through the links below for further discussion.
Kind regards,
Permanence DAO
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