After three successful quarters running the management of the DAO over the Olympus Association, we propose to fund the association with 3,910,000 DAI in OHM for the expenses of Q3 and Q4 2023 according to the Budget set in OIP-128. The Association is an independent non-profit organization without any commercial purpose. The main goals are to research, develop, operate, and maintain Olympus, while developing Olympus Ecosystem and defending the interests of its members.
The motivation for this proposal is to continue to fund the Olympus Association so that it may execute the budget approved by the Olympus DAO community.
The Olympus Association is important for providing contributors a formal structure to coordinate work, and compensations, and establish relations with other organizations and contractors in order to fulfill the Olympus Protocol vision. The Olympus Association provides its members the necessary legal representation to increase efficiency and efficacy. Importantly, this OIP does not change or increase the overall budget. The existing budget already approved in OIP-128 applies.
We seek authorization from the Olympus DAO Community to fund working capital based on the budgeting needs of Olympus Association. The current request is for covering expenses Q3 and Q4 2023, for a total of 3,910,000 DAI in OHM.
The polling process begins now and will end at 4:00PM UTC on 07/28/2023. After this, a Snapshot vote will be put up following the conclusion.