For all intents and purposes, the DAO budget is the Era Budget. You can find out more about the Era Budget and Era Allocation here.
PNF controls the operation of DAO Budgets and Payments. Related internal procedures will be made public once we have further clarity around OpSec.
PNF is also responsible for the transparency that allows DAO voters to exercise control and oversight. Transparency will be provided via:
The policy for payments is briefly set out as follows:
For efficiency, transactions are batched with the weekly governance transactions and reported in the forum. They are based on the prevailing 7/30-day average trailing price.
This means that payments scheduled for the same week will be based on the same conversion rate.
Bounties will be calculated using the same pricing logic. Bounties are administered by Dework and for the most part will be paid directly by Dework in wPOKT.
Recurring fixed payments are paid on a monthly basis at the 30-day trailing average price for that month. Because these payments are fixed it is our desire, with the release of wPOKT, to move these to a continuous stream (Superfluid).
Recurring grants of a variable nature (such as DAN and GRIP) will be paid using the same pricing logic as for fixed monthly grants. However, because they’re variable, they will be administered individually and without continuous streams. Tooling for broader treasury management and payments is still TBC.
Payment for POPs and other types of contributions will be made using the above-noted logic that’s most applicable. A POP paid in milestones would be renumerated at the prevailing 30-day POKT price each month. A POP with an upfront payment would be paid at the prevailing POKT price at time of the selection decision. A POP with recurring payments for maintenance would be paid via the recurring logic set out above.