Proposal Details

Dash Incubator 2023 Q1


???Dash Incubator 2023 Q1

3-month funding proposal to the Dash Network.

Summary

This proposal continues Dash Incubator's ongoing quarterly report and request.  We are requesting 1,000 DASH/month this quarter, as planned in our previous 2022 Q4 proposal.  See section 3 for budgeting details.

I will finish the body of this proposal within 24 hours.  In the mean time, feel free to review our project reward summary from 2022 Q4 below.

1 Incubator Updates

Figure 1a below shows Incubator's high-level funding rates.  The blue series is our superblock requests, all of which have been funded so far.  The red series shows rewards paid to incubator contributors, averaged into monthly rates for each quarter.

https://github.com/dashincubator/proposals/blob/main/dash-incubator-2023-q1/figure1a-rates-over-time.png?raw=true
Figure 1a - Reward and request rates over time???

2 Project Updates and Outlook

The incubator distributed 2,420 DASH in rewards to 21 different projects over the past quarter (2022 Q4).  Figures 2a and 2b below show the breakdown of all rewarded projects.  Note that the proposal submission fee is included in order to fully account for all Dash spent. 

https://github.com/dashincubator/proposals/blob/main/dash-incubator-2023-q1/figure2a-project-pie.png?raw=true
Figure 2a - Reward allocation by project

https://github.com/dashincubator/proposals/blob/main/dash-incubator-2023-q1/figure2b-project-list.png?raw=true
Figure 2b - Reward list by strategist and project

???2.1 Rion Gull

Details coming soon.

2.2 Ash Francis

Details coming soon.
???
2.3 Tim Munsell

Details coming soon.

3 Schedule and Budgeting


More detail coming soon

This proposal continues our typical 3-month funding proposal cadence.  

Figure 3a shows the Incubator’s historical and current proposal submissions.  We are requesting 1,000 DASH/month for 3 months, as planned in Q3.

https://github.com/dashincubator/proposals/blob/main/dash-incubator-2023-q1/figure3a-funding-requests.png/?raw=true
Figure 3a - Incubator budget requests

Figure 3b below breaks down this budget planning for the following quarter (3 months shown in the table).  I'm including this table and a detailed explanation of it to help everyone understand our new budgeting and award system.  This table can always be accessed in our Accounting spreadsheet (???it may be omitted in future proposals).

https://github.com/dashincubator/proposals/blob/main/dash-incubator-2023-q1/figure3b-reserve-planning.png/?raw=true
Figure 3b - Strategist reserve planning

Some notes from the figure:

  • Columns A and B indicate the source and destination of external and internal budget requests.
  • Column E shows the current reserves in each account. along with the current (as of this writing) total of ???3,672 DASH in cell E3.
  • Column F shows the Incubator request of 1,000 DASH/month along with each strategist's internal quarterly budget request.
  • Column G shows proposal delegations (i.e. 900 DASH from the Incubator general to riongull, 400 DASH from riongull to other strategists).
  • Column H shows each strategist's projected output (rewards paid to Incubator contributors).
  • Column I shows delegation/oversight commissions (10%, and currently applicable only to the lead strategist, but potential for other strategists in the future).
  • Column J shows strategist admin commissions (20%, applicable to all strategists and shared with admins if used for certain projects).
  • Column K is the sum of I and J.
  • Column L is the surplus or deficit of each account/fund, based on requests, delegations, and outputs.
  • Column M is the sum of E and L, representing the projected end-of-month balance.
  • Column N is the projected buffer for each account/fund (including overall total in rows 3, 13, and 23).

According to the above assumptions and calculations, by the end of the quarter we expect to have the following buffers:

  • 3.2 month buffer overall (up from 2.7 months from last quarter)
  • 2+ month buffers for each strategist (up from less than 2 month buffers for each strategist last quarter)
We're glad to have more green and less red overall for this quarter's projections, but we'd like to raise each buffer to around 6 months over time.  

Terms and Closing


All operations of the Incubator funded by this proposal are subject to our current Rules.  This proposal forms a part of our Network Contract with Dash.  Our rules are always subject to and defer to MNO voting. 

Thank you, masternode voters, for your support!  As always, I'm very excited about this quarter and what we will accomplish.

Respectfully,

Rion