Author: gulan
Date: (2022-09-25)

Synopsis#

State what the proposal does in one sentence.

Transfer treasury funds from v1 treasury to v2 treasury to cover ongoing payouts from the v2 treasury.

Motivation#

What problem does this solve? Why now?

The v2 treasury has been funded by JBP-210 with $200,000 USD and again in JBP-265 with an additional 200k. At the time of writing, the Juicebox V2 project has 37.07 ETH corresponding to $39,749. The account does not have a suffcient balance to cover the agreed upon payouts for FC-36. This proposal will transfer the necessary funds for to cover FC#36 and will be able to cover the next ~3 funding cycles.

Specification#

How exactly will this be executed? Be specific and leave no ambiguity.

Transfer @$200,000 from Juicebox v1 treasury to Juicebox v2 treasury.

Rationale#

Why is this specification appropriate?

If we do not do the specification, we will not be able to payout the v2 projects obligations and would be forced to “default” on the projects obligations or move payouts from v2 to v1.

The $200,000 value is arbitrary and I invited debate/feedback on this value in the discussion.

Risks#

What might go wrong? Juicebox has passed obligations to fund contributors via V2, there currently is not the funding to sufficiently cover that balance. By not passing this proposal, the DAO risks harming those contributors.

Timeline#

When exactly should this proposal take effect? When exactly should this proposal end?

This transfer will occur as soon as possible in FC#37