| Author(s): | @cloudhead @Kuehle @lftherios @ange |
|---|---|
| Type: | executeable org |
| Created: | 2024-12-02 |
| Status: | passed |
| Request for Comments: | [RFC][RGP - 26] - Multi-Org Annual Proposal for 2025 |
| Formal Review: | [Formal Review][RGP - 26] - Multi-Org Annual Proposal for 2025 |
| Snapshot Poll: | https://snapshot.box/#/s:gov.radworks.eth/proposal/0x677c78425676ec7d7dbb28944a467e14fb9e9755136f13e8d3d950152113e1a6/votes |
| Proposal Code: | radworks-governance/proposals/RGP-26_Multi-Org Annual Proposal for 2025 at main · better-internet/radworks-governance · GitHub |
| Submission: | [Submission][RGP - 26] - Multi-Org Annual Proposal for 2025 |
| On-Chain Vote: | Tally | Radworks | [RGP - 26] - Multi-Org Annual Proposal for 2025 |
RGP-26 is now live for on-chain voting. Voting begins tomorrow, at 7:26pm CET on Wednesday, December 18. To vote, head to the proposal on Tally. Voting ends at approximately 5:00am CET on Saturday, December 21st.
IMPORTANT NOTE: Please ignore the proposal named “Transfer 1375257000…” This is a mistake. You should only vote on the proposal named “[RGP - 26] - Multi-Org Annual Proposal for 2025”.
[RPG-26] Multi-Org Annual Proposal has PASSED☑️ with 4.68M $RAD in support of the proposal. It will be queued and executed in the coming weeks. See final results: Tally | Radworks Proposal
Changes from Formal Review Phase
All wallet addresses for Orgs requesting funds from the Radworks Treasury have been incorporated in the Multi-Org Proposal Formal Review and will be considered part of the on-chain vote for the Submission of its proposal. They can also be found below:
| Total USDC Budget | Requested USDC* | USDC Wallet Address | Total RAD Budget | Requested RAD* | RAD Wallet Address | |
|---|---|---|---|---|---|---|
| Foundation Org | $327,971.90 | $0 | — | 10,000 RAD | 10,000 RAD | 0x85C6CeEeb8E1A2E49D23cE8b9E0e59413FDb8bbB |
| Drips Org | $1,833,676 | $1,375,257 | 0xcC7d34C76A9d08aa0109F7Bae35f29C1CE35355A | 302,517 RAD** | 0 | 0xcC7d34C76A9d08aa0109F7Bae35f29C1CE35355A |
| Radicle Org | $496,923 | $0 | — | 0 | 0 | — |
| Radworks Product Org | $2,155,205.70 | $2,155,205.70 | 0x67C100D62B14cC60CB258CAb73D3f5f473694A3B | 0 | 0 | — |
*Requested USDC/RAD funds is equal to “Total” budgeted minus the expected leftover [USDC/RAD] funds from 2024.
**The RAD conversion rate [for $458,419] was calculated based on the 30 day average prior to the submission of the on-chain proposal on December 17, 2024.
Radworks Product Org
In response to the legal input on the Formal Review phase of the Radworks Product Org, the following changes have been incorporated in its Formal Review proposal and will be considered part of the on-chain vote for the Submission of its proposal:
Organizational Structure
The Radworks Product Org is currently evaluating the options for its legal setup in light of multiple questions at the intersection of legal, regulator and tax matters. As part of this proposal, Monadic GmbH is asking the Radworks community to act as a service provider within the proposed budget, to carry out the following services for the Radworks community:
- Software development
- Business development and contract management
- IT hosting and maintenance
- Product monetization
In light of Monadic GmbH‘s limited capacity as a service provider if this proposal is passed, all rights related to any commercial use and value extraction in connection with the products developed are reserved by the Radworks community (including the right to reallocate all or parts of the services performed by Monadic GmbH to another service provider).
Management of Funds
Monadic GmbH - also the “Grant Recipient” of Radworks in its capacity as a service provider and contractual counterparty to Radworks, if this [Radworks Product Org] proposal is passed - hereby agrees to use the amount granted by Radworks in support of fulfilling the purpose outlined in the “Purpose” section above. The Grant Recipient understands and acknowledges that the awarded amount may be used only for this Purpose.
Furthermore, to the extent Monadic GmbH does not fully utilize the proposed budget, any part of the grant that goes unused in the calendar year outlined in this proposal (2025) will either be returned to the Radworks Treasury (by March 2026) or rolled over into and applied towards the Org’s 2026 grant from Radworks.
RGP-23 Submission Results 
On Tuesday, January 14, around 2pm CET, the voting period will begin. Around 11:30pm CET on Thursday, January 16, the voting period will close.