Jake | BankFi
463 posts

Jake | BankFi
@devjshear
Just a guy who is honored to be working with people he respects on software products he's passionate about




























With the treasury withdrawal executed to transfer left over funds to the new treasury being used for the second funding round of the @builder__dao, the first round has officially wrapped up. This round saw 38 companies building working products on Cardano come together to effectively allocate 5.5M ADA to 20 builders, who reported their KPIs each month via the KPI dashboard. We saw 56 governance actions, an 83% participation rate, 21 member meetings conducted, and 1,285 votes cast. We learned so much throughout this process. The second round is already underway, and you can keep tabs here: clarity.vote/organizations/… It has not been easy, and we have learned so much. We have made higher standards for diligence, updated our governing documents with legal help, onboarded new builders, and much more on the admin side. This is all with a 420,000 ADA administration budget. I am thankful to all the builders, the dReps, and the community for giving us the opportunity to prove we can build a better funding mechanism for Cardano. I believe this serves a blueprint of how other categories of Cardano Treasury funds should be managed and allocated, via a group of subject matter experts who transparently spend and report their KPIs. Upwards and Onwards. Keep Building. Keep Selling. Keep believing in decentralized blockchains as the record keeping system for identity and finance.

