Round 8 - GMC Call for Retrospective Award Applications - Deadline is January 14

Management Committee Gas Reimbursement

Who is the proposed retrospective award recipient?

The 25 management committee members who have personally funded gas expenses for executing transactions on behalf of the GMC/IMC since the inception of these committees, encompassing both current and former members.

What specific project or work is the retrospective award in recognition of? Please detail what the project or work entailed and the duration over which it took place.

GMC has at least two transactions per month, one for treasury diversity, and one for payments. Meanwhile, the IMC has to regularly execute transactions to manage liquidity incentives. Members are required to use their personal funds to execute transactions.

Payment

How much USD $ is the applicant requesting be awarded to the recipient?

I estimate the payout to be $400 ~ $1,500 total. This will fluctuate depending on the RPL / ETH ratio.

This dune analytics dashboard shows all gas expenses from both the IMC and GMC safe:

I propose to reimburse each member on a dollar-for-dollar basis, calculating their ETH spent to RPL (two decimals) at the time of payout.

For example:
0xf280ef6d278a485f6feb9d3242fd65d09633ec33 has 0.119582631452897 in gas fees.
They would be paid 8.54 RPL if the RPL / ETH ratio is 0.014 at the time of payout.

Is the applicant requesting RPL or LUSD?

RPL

Conflict of Interest

Does the person or persons requesting the retrospective award have any conflicts of interest to disclose? (Please disclose here if you are a member of the GMC or if you have nominated a member of the GMC for this retrospective award).

I am on the GMC and would be receiving reimbursement for the amount I have spent on gas. There will be several other members of the GMC being reimbursed as well.

2 Likes