Dear Delegates,
Please find the RARI Foundation’s Q3 Transparency Report
Disclaimer: This report, prepared by the RARI Foundation exclusively for informational purposes, is based on data from various service providers. It should not be used for making financial, legal, investment, business, tax, or other decisions. The information reflects the date of the report and may change. The Foundation reserves the right to modify or update the report as needed.
Operational and Financial Updates: In Q3, we supported governance activity by laying out a governance upgrade roadmap, submitted the passing of six successful proposals, and deployed a custom Layer 2 RARI token alongside governance upgrades on ARB1 and RARI chain. We secured a grant of 25,000 ARB and implemented a custom pathway in the native bridge via an Arbitrum DAO proposal. The RARI ecosystem was promoted through multiple sponsorships, panels, and partner engagements, most notably at ETH CC. We onboarded new ecosystem projects, including DAOSpace, MintPad, LayerSwap, and SubWallet. From our financial goals, we reclaimed and repurposed 1.17M RARI from legacy DAO funds to be repurposed for ecosystem growth initiatives. Finally, we developed a treasury diversification and liquidation plan paired with a comprehensive investment strategy.
Future Initiatives & Q4 Outlook: Looking ahead to Q4, we have upcoming Governance upgrades including launching RARI chain-based DAO and defining a campaign for RARI migration to the RARI chain. We aim to onboard more Delegate Launchpad 3 recipients, execute a DeFi-focused RARI chain growth campaign (”DeFi Week”), and design and deploy a creator-focused growth campaign. From a visibility perspective, our goal is to represent the RARI Foundation at Devcon in Bangkok in November 2024. Additionally, we will solidify our growth strategy which will include an Ambassador program launching in Q1 2025. Finally, we will share our new 2025 Operational budget to the DAO for approval.
RARI Foundation Q3 Transparency Report.pdf (602.6 KB)