Anemic Projects Die
Let’s give the most recent round of grant recipients a top off to compensate for the drop in ETH/USD exchange, so that these projects have a chance for success.
There’s a general pattern that if people don’t have enough funds, their projects tend to suffer.
Eth went from $3,528.04 on April 4, 2022, around the time most grant proposals we’re being submitted, to $1,958.11 on May 20, 2022, when proposals passed on chain.
I’m gonna guess that no one expected that and that they probably don’t have enough funds to complete the things they wanted to do.
Give the grant recipients more ETH to make up the unexpected exchange rate difference.
If $1,958.11 * 1.8 = $3,528.04,
then giving an additional 80% of ETH to the last round of grant recipients would make up the difference
BorrowLucid is writing this proposal, even though she’s had stupid covid brain, and Isaac will help set up a minion, so this whole thing can be done in one proposal.
Ethereum Cat Herders
45.435 Eth * 0.8 = 36.348 ETH
($50,000/$3,528.04) * 0.8 = 11.34 ETH
DAO Star One
7.3 Eth * 0.8 = 5.84 ETH
6.45 Eth * 0.8 = 5.16 ETH
Black Sky Nexus
14.97 Eth * 0.8 = 11.976 ETH
30 Eth * 0.8 = 24 ETH
2.2 Eth * 0.8 = 1.76 ETH