Dropping the S7 Operating Budgets here since seeing some comments for them:
- Grants Council: 400k
- Security Council: 295k
- Developer Advisory Board: 190k
- Milestones and Metrics Council: 170k
Total: 1.055m (cc: @Michael @brichis @SuperchainEco)
From our perspective and the M&M Council, this puts the prior budgets just about in line with the proposed cap in OP terms (for 2 seasons). However, it’s worth noting last season as the DAO was voting in budgets, OP was around $2 (mid December 2024). Today as of writing, OP is ~29% of that ($0.58/token), which also means keeping the same OP denominated budgets would be a ~70%+ paycut for the members. Quite a few members from the last councils have voiced that they likely wouldn’t run again if stipends stay at this rate this season, and we’re sincerely worried we’ll lose some good talent.
We’d be interested similar to @Michael’s point regarding if the budget board’s proposal is a hard cap? Further, we think exploring some sort of buffer, or USD, or combo denominated payments would make more sense going forward with budgets: Keep and attract good talent, while not over/under paying members too much.