Title: Season 8 Seasonal Funding

Proposal Champion: p8ul.eth

Date: May 2nd, 2023

S8 funding snapshot

Per current operating procedures, Department, Guild, and Project funding requests were reviewed by the Grants Committee and were approved for a total of 19,431,151 BANK and 2,000 USDC.

With the Grants Committee Allocation and the Grants Committee Project fund included, the grand total is 27,133,151 BANK and 2,000 USDC.

Of this amount, 50% of Project Funding (5,756,989 BANK) will be held by the Grants Committee Multisig to disburse mid-season, based on KPIs being reported.

This proposal seeks to ratify the distribution of the budgeted allocations detailed below.

SPECIFICATION

Department Funding = 3,572,261 BANK + 2,000 USDC

Guild Funding = 4,344,912 BANK