Proposal Kickoff: November 1st, 2020
Budget Amount: 50,000,000 SC per month, from block subsidy
Treasury Kickoff: 240,000,000 SC, from treasury
Timeline: Active until Jan. 2023
Stockpile Cap: 960,000,000 SC
Leftovers: to be returned to treasury
This proposal is to carve out a significant budget for the core development of the Sia protocol. This budget would be intended to cover things like transaction pool maintenance, wallet maintenance, explorer maintenance, testing frameworks, scalability enhancements, testing, auditing, bug fixes, etc. Anything related to code on the network that is necessary for the functioning of the Sia protocol. This category is also to include technical support and documentation.
The kickoff sum is intended to be set aside as a stockpile to be used to pay the foundation members. A big chunk of it should be sold rather than kept as SC, so that the foundation’s critical employees have job security even in the event that SC falls in price.
Similarly, new hires are expected to be made with such that there is a stockpile (in cash) ready to provide them with job security as well.
I expect a significant amount of the monthly budget for core development to go to Skynet Labs over the next 18 months (more than half, totaling greater than 450 MS in 18 months). After the foundation spinout, Skynet Labs will be employing 8 out of 9 full time core developers of the Sia protocol. Though many of the hours of those 8 will be dedicated to Skynet related tasks, a significant amount of core development work is still necessary, and Skynet Labs has both most of the standing knowledge about Sia core and also most of the active talent related to Sia core.
Skynet Labs should also be contracted to help with onboarding and employee bring-up as the Sia Foundation hires new developers. New developers are going to be the most successful if they can learn from the best, and the best includes the long time engineers at Skynet Labs.
The exact spend and deliverables to be broken down in proposals within this budget category.