Skip to content

Commit

Permalink
Update community-grants.md (#356)
Browse files Browse the repository at this point in the history
Updating budget % per category according to Gov Proposal: https://decentraland.org/governance/proposal/?id=e0fd0b17-a304-4c57-8897-4a830280d74c

Signed-off-by: Zino84 <[email protected]>
Co-authored-by: Andy Espagnolo <[email protected]>
  • Loading branch information
Zino84 and andyesp authored Mar 13, 2024
1 parent 513ee63 commit b5bad0f
Showing 1 changed file with 9 additions and 8 deletions.
17 changes: 9 additions & 8 deletions content/player/dao/grants/community-grants.md
Original file line number Diff line number Diff line change
Expand Up @@ -154,16 +154,17 @@ Funds for grants are made available to the beneficiary address via vesting contr

The DAO has an income of 1.8M MANA every month and it has set up a limit control to not spend more than 70% of such a stream. This mitigates the risk of running out of funds, securing the long-standing operations of the DAO. The Decentraland Grants Program is divided into four periods (Q1, Q2, Q3, Q4), effective since January 1st, 2023. At the beginning of each quarter the maximum amount of money that can be allocated through the Grants Program is defined using the formula: 5,500,000 * MANA_PRICE * 0.7. This means the DAO at maximum capacity will be spending 70% of the MANA received from the vesting contract.

The DAO agreed on a [governance proposal](https://governance.decentraland.org/proposal/?id=bfab7b70-7b75-11ed-ad27-015f26e7c35c) on limits for each category of grants. The DAO refreshes and recalculates the category budgets using the MANA price at the beginning of each quarter. When a category reaches its budget, No more grant requests will be accepted for that category.
The DAO agreed on a [governance proposal](https://decentraland.org/governance/proposal/?id=e0fd0b17-a304-4c57-8897-4a830280d74c) on limits for each category of grants. The DAO refreshes and recalculates the category budgets using the MANA price at the beginning of each quarter. When a category reaches its budget, No more grant requests will be accepted for that category.

The [allocation per category](https://github.com/Decentraland-DAO/transparency/blob/main/src/budgets.json) is the following:
The [allocation per category](https://github.com/Decentraland-DAO/transparency/blob/main/src/budgets.json) is the following starting on Q2 2024 (April):

* Platform 40%
* In-World Content 20%
* Platform 50%
* In-World Building 15%
* Core Unit 15%
* Sponsorship 10%
* Accelerator 7%
* Social Media Content 5%
* Documentation 3%
* Community Experiences 10%
* Sponsorship 2%
* Accelerator 2%
* Social Media Content 4%
* Documentation 2%


0 comments on commit b5bad0f

Please sign in to comment.