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Copy file name to clipboardExpand all lines: docs/06-entity-&-operations.md
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@@ -6,22 +6,26 @@ Protocol Guild incorporated a Cayman Islands-based legal entity in 2024, to help
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## 6.2 Finances
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Protocol Guild's legal entity currently receives 5% (as of Oct 4, 2024 - [tx link](https://etherscan.io/tx/0x8c1836d568fa4e5eca78d8a6e6880b954fd3377e7b538e305fa5d77a7f6c4071)) of split proceeds to Safe multisigs:
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Protocol Guild's legal entity currently receives 5% (as of Oct 4, 2024 - [tx link](https://etherscan.io/tx/0x8c1836d568fa4e5eca78d8a6e6880b954fd3377e7b538e305fa5d77a7f6c4071)) of vested funds to pay for the entity's legal and operational costs:
The entity converts all tokens on a monthly basis to maintain a stablecoin reserve. This covers:
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The entity swaps its share of vested tokens on a monthly basis to maintain a stablecoin reserve. This covers:
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- $200k in reserve for 2 years of fixed + variable costs incurred to operate the entity
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- $100k in reserve for potential claims against the foundation
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- Compensation for independent operations contributors
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- $12.5k/month to support cheeky-gorilla's contributions
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- $10.5k/month to support Peter Vechiarrelli's contributions
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Generally, the entity should receive sufficient funding to cover the above, but not accumulate beyond that. These amounts are set by the membership, as noted in the [Governance](https://protocol-guild.readthedocs.io/en/latest/02-membership.html#governance) subsection of the docs.
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The entity aims to receive sufficient funding to cover the above, but not accumulate beyond that. These amounts are set by the membership, as noted in the [Governance](https://protocol-guild.readthedocs.io/en/latest/02-membership.html#governance) subsection of the docs.
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