MIP-012: Engineering, Growth and Operations Workstream Budget Proposal
Summary
This proposal is to approve funding the Engineering, Growth and Operations workstreams for the next 3 months. All proposals will be paid in a combination of ETH and MET based on current rates of $1650 and $1.35, respectively.
Specification
Engineering Workstream
Progress
The engineering workstream successfully launched Metronome Synth into production and launched the Smart Farming app in April. The workstream has continued to maintain the Metronome Synth protocol and website.
Objectives
-
Ongoing development and maintenance of Metronome Synth Protocol
-
Maintain the Metronome smart contract codebase
-
Maintain the Metronome website and associated applications
-
Monitor the platform for risk
-
Work with auditing firms
Goals
Engineering is guided by the following KPIs:
Budget
The Engineering workstream requests a 3-month budget of approximately $250,000/month. This budget will be paid monthly in advance in ETH and MET to the Engineering workstream multisig. This budget is for the following:
-
Provide competitive compensation for core Engineering workstream team (~$120K/month)
-
Quarterly audits on all new code (~$50K/month)
-
Miscellaneous items (~$40K/month)
-
Hardware, infrastructure, tools, etc. (~$40K/month)
The payout schedule will be as follows:
-
June: 133ETH; 22,630 MET
-
July: 122 ETH; 36,074 MET
-
August: 111 ETH; 49,518 MET
Growth Workstream:
Progress
Following product-market fit research, Metronome created a brand playbook that was shared with various media outlets which resulted in multiple placement across Youtube/twitter/digital news outlets and pipeline of potential collaboration.
Objectives
-
Successful launch of Metronome Synth into Production
-
Building vibrant community of DeFi enthusiasts and DeFi professionals
-
Continuing effort around Metronome brand recognition through owned, earned and sponsored media
-
Build pipeline of strategic partnership to grow in both TVL, volume and unique addresses
Goals
Growth is guided by the following KPIs:
-
Number of active partnerships
-
Number of followers/members (Twitter, Discord, Telegram)
-
Number of unique active community members
Budget
The Growth workstream requests a 3-month budget of approximately $180,000/month. This budget will be paid monthly in advance in ETH and MET to the Engineering workstream multisig. This budget is for the following:
-
Provide a competitive compensation for the core Growth workstream team (~$80K/month)
-
Marketing campaigns for Metronome products (~$50K/month)
-
Travel for the Growth team (~$20K/month)
-
Miscellaneous costs (~$30K/month)
The payout schedule will be as follows:
Operations Workstream:
Progress
The Operations workstream continues to coordinate and help Metronome run smoothly.
Objectives
-
Collaborate with other workstreams to ensure the continued success of the Metronome protocol and help grow the ecosystem.
-
Engages with stakeholders (DAO members, partners, and workstreams) for improved coordination
-
Provide administrative support for the Metronome DAO and platform
Goals
The Operations workstream's primary goal is to keep Metronome running smoothly.
Budget
The Operations workstream requests a 3-month budget of approximately $150,000/month. This budget will be paid monthly in advance in ETH and MET to the Engineering workstream multisig. This budget is for the following:
-
Competitive compensation for the Operations workstream team (~$70K/month)
-
Administrative overhead (~$25K/month)
-
Legal and accounting professional fees (~$40K/month)
-
Miscellaneous expenses (~$15K/month)
The payout schedule will be as follows:
MIP-012: Engineering, Growth and Operations Workstream Budget Proposal
Summary
This proposal is to approve funding the Engineering, Growth and Operations workstreams for the next 3 months. All proposals will be paid in a combination of ETH and MET based on current rates of $1650 and $1.35, respectively.
Specification
Engineering Workstream
Progress
The engineering workstream successfully launched Metronome Synth into production and launched the Smart Farming app in April. The workstream has continued to maintain the Metronome Synth protocol and website.
Objectives
Ongoing development and maintenance of Metronome Synth Protocol
Maintain the Metronome smart contract codebase
Maintain the Metronome website and associated applications
Monitor the platform for risk
Work with auditing firms
Goals
Launch Metronome Synth and Smart Farming on an L2.
Develop more integrated utility for the MET token.
Engineering is guided by the following KPIs:
TVL
Revenue generated
Budget
The Engineering workstream requests a 3-month budget of approximately $250,000/month. This budget will be paid monthly in advance in ETH and MET to the Engineering workstream multisig. This budget is for the following:
Provide competitive compensation for core Engineering workstream team (~$120K/month)
Quarterly audits on all new code (~$50K/month)
Miscellaneous items (~$40K/month)
Hardware, infrastructure, tools, etc. (~$40K/month)
The payout schedule will be as follows:
June: 133ETH; 22,630 MET
July: 122 ETH; 36,074 MET
August: 111 ETH; 49,518 MET
Growth Workstream:
Progress
Following product-market fit research, Metronome created a brand playbook that was shared with various media outlets which resulted in multiple placement across Youtube/twitter/digital news outlets and pipeline of potential collaboration.
Objectives
Successful launch of Metronome Synth into Production
Building vibrant community of DeFi enthusiasts and DeFi professionals
Continuing effort around Metronome brand recognition through owned, earned and sponsored media
Build pipeline of strategic partnership to grow in both TVL, volume and unique addresses
Goals
Growth is guided by the following KPIs:
Number of active partnerships
Number of followers/members (Twitter, Discord, Telegram)
Number of unique active community members
Budget
The Growth workstream requests a 3-month budget of approximately $180,000/month. This budget will be paid monthly in advance in ETH and MET to the Engineering workstream multisig. This budget is for the following:
Provide a competitive compensation for the core Growth workstream team (~$80K/month)
Marketing campaigns for Metronome products (~$50K/month)
Travel for the Growth team (~$20K/month)
Miscellaneous costs (~$30K/month)
The payout schedule will be as follows:
June: 94ETH; 18,444 MET
July: 86 ETH; 28,222 MET
August: 78 ETH; 38,000 MET
Operations Workstream:
Progress
The Operations workstream continues to coordinate and help Metronome run smoothly.
Objectives
Collaborate with other workstreams to ensure the continued success of the Metronome protocol and help grow the ecosystem.
Engages with stakeholders (DAO members, partners, and workstreams) for improved coordination
Provide administrative support for the Metronome DAO and platform
Goals
The Operations workstream's primary goal is to keep Metronome running smoothly.
Budget
The Operations workstream requests a 3-month budget of approximately $150,000/month. This budget will be paid monthly in advance in ETH and MET to the Engineering workstream multisig. This budget is for the following:
Competitive compensation for the Operations workstream team (~$70K/month)
Administrative overhead (~$25K/month)
Legal and accounting professional fees (~$40K/month)
Miscellaneous expenses (~$15K/month)
The payout schedule will be as follows:
June: 75ETH; 19,444 MET
July: 69 ETH; 26,777 MET
August: 62 ETH; 35,333 MET