💰Using the KDX Treasury
The KDX Treasury is a crucial component in the ecosystem of eckoDAO. It serves as a communal resource pool, funded by the DAO's activities, and is aimed to fuel growth, innovation, and sustainability.
In order to ensure that we make the most of these shared resources, it is critical that members understand how to effectively incorporate the KDX Treasury in DAO proposals. Whether you're advocating for a new project, suggesting a partnership, or planning an initiative, understanding the role of the treasury can help articulate your proposals more effectively and convincingly.
eckoLEAD and eckoCORE are able to request KDX Treasury usage in a proposal in eckoGOV
As a proposal creator, adhering to the outlined guidelines is crucial when formulating a budget using KDX Treasury funds. The proposal must clearly showcase its value, align with DAO's goals, and uphold our shared ethical standards for sustainable community growth.
Guidelines and Limitations - Per Epoch
Proposal Completion: 6 Months
The proposal process consists of several stages, including initiation, development, review, and finally, completion.
The completion phase refers to the final steps of the proposal process, where all necessary modifications are made and the final version of the proposal is prepared.
This phase should ideally be reached within six months from the proposal initiation date.
This six-month timeline is important to ensure timely decision-making and project execution.
Maximum Withdrawal Limit: 10,000 USD
Analyze the treasury size and determine an appropriate maximum withdrawal limit.
Express the limit as a fixed amount or percentage of the total treasury.
Review the limit periodically to ensure its continued relevance and effectiveness.
Funding Milestones
Setting Funding Milestones
Define Clear Objectives: Each milestone should be tied to a measurable outcome, such as completing a project phase or hitting a production target.
Plan Realistic Timelines: Milestones should fit realistically within the project timeline, allowing adequate intervals for evaluation and adjustments.
Align with Funding Requirements: Ensure milestones meet the conditions and scope required by the funding body.
Confirming Milestones with eckoCORE
Submit Evidence: Project teams must provide comprehensive evidence (reports, samples, financial records) to demonstrate milestone completion.
Undergo Review: The eckoCORE team reviews this evidence to confirm that the project meets the predefined criteria.
Receive Feedback: If milestones aren't met, teams receive detailed feedback for improvement.
Funding Disbursement: Successful completion triggers the release of the next funding tranche.
In essence, effective use of the KDX Treasury is vital for eckoDAO's growth and sustainability. Proper adherence to withdrawal limits, vesting schedules, and performance metrics is crucial for proposal creators. This summary serves as a primer, but stay tuned for a more in-depth guide that will delve deeper into strategic treasury utilization.
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