DFP 12: Fund 6 months of work on the Balanced app & website
We (PARROT9) are requesting 6 months of funding to cover Balanced’s frontend, design, content, and infrastructure needs.
Income: $30,000 per month
Total: $180,000
The monthly cost covers the work of 4 contributors, and also accounts for the infrastructure costs: hosting of the app, stats page, website, docs, and blog, as well as the Balanced contributors’ use of GitHub CoPilot.
Over the next 6 months, we’ll continue to support new features and connections, and focus on rounding out as many rough edges as we can to bring the product to a “final” state.
The DAO Fund only holds ~19,500 bnUSD, so at the request of many community members, we’ll pull the bnUSD out of protocol-owned liquidity and make up the difference in sICX:
- 140,000 bnUSD
- 160,000 sICX
The sICX assumes a rate of $0.26 per sICX, and includes a 5% premium to cover volatility and slippage.
Proposal discussion: DFP 12: Fund 6 months of work on the Balanced app & website
On-chain proposal: Balanced