Rari Foundation Q4 Transparency Report

#1

Dear Delegates,

Please find the Rari Foundation’s Q4 Transparency Report.

Disclaimer: This report, prepared by the RARI Foundation exclusively for informational purposes, and is based on data from various service providers. This report 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 Q4, the DAO treasury began receiving Rarible protocol revenue on Ethereum mainnet, and the DeFi Days campaign drove $1M+ TVL (+55%), 40K+ on-chain users, and 1.7M+ transactions. We onboarded creators through workshops and contests, secured DAO budget approval for 2025, and advanced governance upgrade with a proposal for a custom path in native bridge to the Arbitrum DAO. Key initiatives included migrating RARI chain DA to Celestia, and restructuring team roles.

Future Initiatives & Q1 Outlook: In FY25 Q1, we aim to refine our ecosystem growth strategy and align the Foundation and DAO’s vision. We will implement Ambassador and KOL programs, support the DAO’s protocol fee collection mandate, and deploy governance mechanisms such as RARI chain-based DAO delegations and staking. Additionally, we will represent RARI Foundation at ETH Denver and NFT Paris through key sponsorships.

Financial data and fund balances are based on a rate of US$2.34 per RARI as of December 31, 2024.

Q4 Transparency Report [External]-RARI Foundation.pdf (989.3 KB)

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#2

Thanks for the detailed report! The table reporting all DAO assets + addresses is of great value due to the distribution of assets among multiple addresses.

Just as a note, the reported assets are prior to the execution of RRC-37 which enabled the transfer of ~800,000 RARI from the DAO treasury (0x7e9c956e3EFA81Ace71905Ff0dAEf1A71f42CBC5) to the Foundation as part of the 2025 Foundation budget proposal.

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#3

Thanks for sharing @elika_mah!
Can you elaborate why the treasury is diversified into “Treasury” “Treasury Legacy” and “Treasury diversification”, and are there plans to unite them?

Also, I would appreciate a label on each wallet, which category it belongs to (operations, EGF and Treasury), as well as a total of the funds added together.

RARI DAO Weekly Highlights - Feb 8-14, 2025
#4

Thanks for this, however there are a few pieces of information missing which should be disclosed:

  1. On the “Assets Holding” page it is not clear if these assets are belonging to the Foundation or the DAO.
  2. On the “Assets Holding” page there are no amounts shown, only proportions, this should be rectified as a high priority.
  3. On the “Digital Assets” page it is not clear which items belong to either DAO or Foundation, a column denoting ownership of the assets should be added.
  4. Generally for a transparency report I was expecting to see some summary of spend vs requested funds from the last budget, this reads more like a statement of accounts.

I’d like to see the missing information provided to the DAO and some follow up on what is planned for unspent funds from the last budget, we were informed that there would be a vote to either return these to the DAO or allow them to remain with the Foundation. Would it be possible to have some insight into expected timeline for this vote?

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