During the Era, the DAO makes an Era Budget for Keystone projects.
The budget for the current era is: $1,443,000 USD equivalent. Details on the breakdown of the budget can be found **here.**
Within the Era, the DAO also has an Era Allocation that is set aside to fund community contributions towards our Ambitions. The current Era Allocation is 80% of DAO income (DAO Allocation). As this is a variable amount the allocation for each Cycle is determined by looking at the previous two months of minting.
For this current cycle (Cycle 1) this equates to 2,953,578 POKT calculated as follows:
The Era allocation supports Sockets and POPs that pursue our ambitions. You can read more about Sockets and POPs here:
To segregate the ERA funds and protect them for the duration of the program, we have created 4 new wallets for the ERA Budget and Allocation, including a Copper Vault and ETH gnosis, which will both require ⅔ approval from the Foundation directors and two POKT Hot Wallets for the Era Budget and Era Allocation.
Era Budget Wallets
Copper POKT DAO Vault for Era Budget - 3fb4f59969bf6094f5408dfe107beea4d67810fb
Era Budget POKT Hot Wallet - beb8f9499758186bfb0d0291f31ee93730886b60
Gnosis Era Budget ETH Safe - 0x7bAAf6cAEE858929a68a98a70a428b8BEB4d4093