| A | B | C | D | E | F | |
|---|---|---|---|---|---|---|
1 | Total Budget | ETH/OP Rate (July 15) | 4580 | |||
2 | S8 | S9 | ||||
3 | FInal Reviewer Stipend (5) | 292000 | 292000 | |||
4 | Lead Stipend (1) | 102200 | 102200 | |||
5 | OPs Stipend (Total) | 51100 | 51100 | |||
6 | Platform stipend | 40000 | 40000 | |||
7 | Total: | 485300 | 485300 | |||
8 | ||||||
9 | Total Proposed S8/9 Budget: | 970600 | ||||
10 | High Level Changes to arrive at this number: - Repricing budgets using historical ETH/OP rates (similar to approved Budget Board's proposed budget's logic) | |||||
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15 | Reviewer Stipend | |||||
16 | Vote Passed | Stipend (OP) | ETH/OP Rate | Stipend (ETH) | ||
17 | S5 | Nov 15, 2023 | 30000 | 1102.5 | 27.21 | |
18 | S6 | Jun 19, 2024 | 30000 | 1873.5 | 16.01 | |
19 | S7 | Dec 22, 2024 | 30000 | 1886.5 | 15.90 | |
20 | ||||||
21 | ETH | OP (Current Rate) | ||||
22 | S5/S6/S7 Average | 19.71 | 90266 | |||
23 | S6/S7 Average | 15.96 | 73086 | Rounded down to nearest 100 to get final reviewer stipend | ||
24 | ||||||
25 | Proposed Reviewer Stipend: | 73000 | ||||
26 | - This ETH/OP rate logic is similar to the Budget Board’s recently passed vote. Basically, we used average ETH values of the prior approved seasonal budgets on the day the vote succeeded for this season's budget. - Using the ETH average for S5/S6/S7 (19.71 ETH) and the current ETH/OP rate would equal >90k OP/reviewer. This seems a bit too high. Instead, using just the ETH average for just S6/S7 (15.96 ETH), we get ~73k OP, which we think makes sense. Given current prices, we think its a good balance to attract reputable talant but not overpay | |||||
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31 | Lead Stipend | |||||
32 | Lead/Reviewer Ratio | OP | ||||
33 | S5 | 1.4 | ||||
34 | S6 | 1.4 | ||||
35 | S7 | 1.4 | ||||
36 | Proposed S8 | 1.4 | 102200 | Reviewer stipend times 1.4, rounded down | ||
37 | ||||||
38 | Proposed Lead Stipend: | 102200 | ||||
39 | In all prior seasons of the GC, the Lead's stipend was set as 40% more than a reviewer's stipend. Factoring in the repricing, this proposed lead stipend is in line with the prior budgets. | |||||
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42 | OPs | |||||
43 | Ratio | |||||
44 | S5 | 0.5 | ||||
45 | S6 | 0.5 | ||||
46 | S7 | 0.5 | ||||
47 | Proposed S8 | 0.5 | 51100 | Lead stipend times 0.5, rounded down | ||
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49 | Proposed Bridge Budget: | 51100 | ||||
50 | In all prior seasons of the GC, the OPs stipend was set as 50% than a lead stipend. Factoring in the repricing, this proposed ops stipend is in line with the prior budgets. | |||||
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