Despite the large amount of this requested grant, it is for routine purposes that merely enable the status quo, much like the monthly grants to pool operators. The shareholder wallet under my control combined with wallet used to pay contractors only have about 45000 NBT in it. I have stated before that I must reserve 30000 to pay contractors.The agreement between contractors and myself is that I am personally responsible for their payment. At an average burn rate of 10,000 per month, this would be enough to give 30 days notice of termination of our contract and still pay all obligations even if expenses were above average in the last month (this event is quite unlikely).
Therefore, I only have 15,000 NBT that can be used as tier 4
liquidity right now, and yet the network has needed me to bring about
30,000 of tier 4 sell side liquidity in the last week. That may not last
long, making this custodial grant urgent. FSRT also has tier 4
liquidity, but there has been an unexpected delay in the availability of those funds, and the funds I had proved quite useful. Even if FSRT were completely ready right now, we still need backups and redundancy in our tier 4 sell side liquidity. Soon FLOT will be the primary solution and FSRT the backup, but that isn’t the case yet.
The granted funds will only be used for tier 4 sell side in accordance with unpassed motion f99ddf406a32d39be7d614c13dc1ce63c96e4003
and for development and marketing in an average amount of about 10,000 NBT per month, as a continuation of the current practice. Any other use of these funds, such as additional development, must be approved by shareholder motion first.
Hash of proposal text: e95204709f1dc24fcb29e1f0cae4c14f1f2fc2ef (do not put this hash in your Nu client). You will only be able to verify the hash using the Firefox or Tor browser. The assistant that normally helps format custodial grants appears to be asleep.