Dev & Treasury League Budget

This post aims to show the leagues’ budget for the next three months of mandate and the rationale behind some approximations.

As already described in the official announcement of the leagues, the budget will be used to pay the members involved (Project Managers, Supervisors, Developers) and cover operational costs during the mandate.

Leagues Team Members

Treasury League

Dev League

Allocated budget

Treasury League

  • Operations: 5,000 IDLE

  • PMs’ salaries + bonus: $27,000 (ETH + IDLE) + 300 $IDLE (bonus)

  • PMs Supervisors’ salaries: $5,850 (ETH + IDLE) + 135 $IDLE (bonus)

  • Devs’ salaries: $39,000 (ETH + IDLE) + 300 $IDLE (bonus)

  • Devs Supervisor salaries: $2,550 (ETH + IDLE) + 45 $IDLE (bonus)

Total to send to the Treasury Multisig wallet:

  • 15.54 ETH
  • 8,880 $IDLE

Dev League

The dev league will only manage the Operations Budget: $20,000 (ETH).
Total to send to the Dev Multisig wallet: 8.35 ETH

Considerations

  • The composition for the salaries is 50% in ETH, 50% in $IDLE non-vested;
  • This is a quote and it’s not possible to estimate if the corresponded values will remain the same for 3 months, therefore it might happen that if the “market conditions” will change, the reserves might be adjusted;
  • To mitigate the volatility effect on the budget, we are using a 10-days moving average for IDLE and ETH; right now, it would be $12.00 for IDLE and $2,394.32 for ETH;
  • We have additionally considered a full-time dev (as already discussed, a full-time dev can be hired through the ongoing application process);

:arrow_right: Here’s the link to the budget spreadsheet.

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Update:

Leagues members decided to receive fixed salaries 100% in $IDLE.

Allocated final budget

Considering the fixed salaries 100% in $IDLE, the ETH 20-day MA and the IDLE 10-day AMA that has changed, the updated (final) budget will be this one:

Treasury League

  • Operations: 5,000 IDLE
  • PMs’ salaries + bonus: $27,000 (IDLE) + 300 $IDLE (bonus) = 2,197 $IDLE
  • PMs Supervisors’ salaries: $5,850 (IDLE) + 135 $IDLE (bonus) = 546 $IDLE
  • Devs’ salaries: $39,000 (IDLE) + 300 $IDLE (bonus) = 3,041 $IDLE
  • Devs Supervisor salaries: $2,550 (IDLE) + 45 $IDLE (bonus) = 224 $IDLE

Total to send to the Treasury Multisig wallet: 11,008 $IDLE

Dev League

The dev league will only manage the Operations Budget: $20,000 (ETH).
Total to send to the Dev Multisig wallet: 6.38 ETH

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