The GMC has been meeting regularly to discuss cost-saving measures in light of the current state of the treasury. With approximately $180,000 in available funds and $600,000 reserved for previously approved grants and bounties, the GMC determined it was necessary to review past awards to ensure they still represent high-value, high-priority initiatives.
The GMC also discussed the possibility of implementing a deferral plan for future awards but has decided not to move forward with it at this time.
The following grants have been revised:
-
Summit Program ($3,000)
Original Application
➤ Cancel -
Patches Discretionary Budget ($13,000)
Original Application
➤ Reduce to $4,000 -
Incentives Grant ($40,000)
Original Application
➤ Cancel remaining $15,000
$10,000 was already disbursed. $15,000 of the remaining $30,000 is reserved for Ronin. -
STAR Initiative ($209,000)
Original Application
➤ Reduce by 50%
These adjustments result in total cost savings of $129,500.
The GMC will also be reviewing active bounties and updating them as needed. A follow-up post with those updates will be published in the coming week.