General Announcements & Updates
- The Foundation published its 2024 Annual Report to Radworks, which includes a summary of the work that it completed last year (and how it evolved) as well as how it spent funds from Radworks.
- Things on the Foundation’s horizon:
- Over the next three months we will be supporting the transition of the stewardship of the Radicle protocol, currently with a Swiss corporate entity, to the Foundation.
- We are still working on a new framework for RAD incentives for Radworks contributors, as this ended up not being a priority in Q1; as a reminder, generally speaking, the plan is for Orgs to request a disbursement of RAD directly from the Radworks Treasury, via a governance proposal, to allocate to contributors within their Org.
Quarterly Objectives Update
Foundation Health
- The Q1 meeting of the Foundation Council took place in Zug in March.
- The Foundation successfully completed the its 2024 Limited Audit, which will be part of the Annual Activity Report that the Foundation will send to ESA, its supervisory authority, in June.
Radworks Ecosystem Support
- Support for Drips: souravinsights was awarded a grant for their contributions to Drips. Legal conducted its quarterly policy review with the Drips team. The Foundation started working with the Ethereum Foundation’s Devcon team to fund their dependencies via Drips; Natascha will be leading the outreach efforts to these dependencies.
- Support for Radworks Product: Initial versions of the Terms of Service and Privacy Policy were more/less completed - so that Radworks Product is ready for their first customers.
- Support for Radicle: A simple legal resource for seed node operators has been added radicle.xyz so that Network participants are better informed.
Timeline & Budget Update
After completing the 2024 accounting and audit, the Foundation can confirm that it came in 744,554 USDC under budget. This was described more thoroughly in the Foundation’s 2024 Annual Report to Radworks.
In Q1 2025, we are currently under the predicted budget - this is due to savings on audit fees, contributor fees, and legal expenses.