| Funds at Start | Inflows | Payments | Funds at End |
|---|---|---|---|
| 35,118.74 | 5,574.74 | 8,031.77 | 32,661.71 |
In addition to the regular grants, in June the GMC paid the second portion of the Support Bounty ($18,000), a small retroactive payment ($1,500) to titey.eth for Minipool Analytics, and LLC expense compensation to three GMC members totaling $6,000.
Now that the treasury is in a more stable position, the committee will soon vote on a proposal outlining a new stablecoin diversification. If the proposal passes, during each monthly payment cycle, the GMC will calculate the difference between the USD value of its income and the total USD value of payments to awardees for that month. If there is a positive difference, the GMC will swap the surplus amount of RPL into BOLD. For example, if the GMC receives $30,000 worth of RPL and pays out $25,000 to awardees, it will swap $5,000 worth of RPL into BOLD.
You can follow along with that discussion in the GMC server here: