thanks for the feedback @forexus
I’ll refer you to the right people leading the ambassador program - excited to see your interest!
Relaunch of the delegate program will be focused on RARI chain based governance and will affect cohort 3 and their new delegations to kick off the RARI chain governance transition.
amazing! pls ping us with your ideas or let’s discuss in the next community call!
Thanks for the feedback, @andreitr. The bulk of the marketing budget is allocated to the ambassador program with the rationale that end-user adoption of RARI ecosystem products is the key objective, hence the focus on using marketing to break out of our own channels and reach net new audience.
We can unpack this in more detail in our next community call!
Thanks @JanaBe for butting this together.
I think its good proposal and generally agree. I would suggest couple of things as mentioned KPIs and success metrics.
Also, consider adding staged conversion or split payment in Rari / USDC to not impact the price.
I would increase marketing budget and add separate section for ecosystem growth and incentives for builders or projects building on top of Rari.
Its a bullrun now so its good time for marketing. To summarise consider adding the following:
The “ecosystem growth” section only lists general activities without allocated budget or measurable outcomes.
hi @bitblondy - thanks so much for reviewing the proposal!
I’ll answer point by point and we can discuss more in the community call tomorrow.
The operational budget is only for the areas outlined in the proposal so indeed ecosystem growth in the form of grants or loans are not included. These have a separate Ecosystem Growth Fund (EGF) and we don’t foresee pitching for additional funds for EGF in 2025.
The end-of-year transparency report due at the end of the month will have the precise detail, but the revenue this year was around 17ETH from RARI chain sequencer (gross revenue, pre split between the FND and DAO), 1K USDC from Rarible Protocol (mainnet only, 1 month), 25k ARB from grant to the DAO.
The overall funds in today’s value are roughly 20M USD. I’ve responded to Dzonson’s post but in brief, the funds are spread across the DAO’s treasury, the Foundation wallets, and the Ecosystem Growth Fund.
RE team structure and insight into budget areas: we can share the org chart in tomorrow’s call as well as break the costs down. For marketing, for example, the bulk of the cost was the ambassador program.
StableLab are the only professional delegate at the moment. They came on board to model delegate behaviour. More here.
We agree and will include KPIs in the revised proposal!
Thank you!
thank you for the feedback @Firefly808! Very nice to hear your support 
Indeed we’ll incorporate KPIs in the revised proposal!
Thanks to everyone who reviewed the budget proposal and shared their feedback.
The proposal has been updated to respond to the key areas of feedback:
Looking forward to discussing the revisions in the community call tomorrow!
Thanks @JanaBe for your comments and explanations.
There’s still missing some information from my understanding, though, and there was not enough time given to discuss and address the concerns from my perspective, why I ultimately voted against this proposal. These include:
regarding 2: Thanks for outlining the revenues and, given there’s room for improvement, adding some KPIs for the next year.
regarding 3.: despite searching through published reports and being present in the calls, I couldn’t find, or I don’t recall, an accurate report of all the DAOs assets. There’s the public on-chain treasury and some safe wallets, but these do not add up to the estimations given by the foundation.
That’s the nr. 1 info when proposing a budget. Not necessarily including details, but there should be public (and accessible) information about the DAO’s assets.
The proposal still does not give a more detailed explanation of the budget areas. There should be clearer info which bucket goes towards which cause (as done on the 2023 budget proposal). Again, not every expense but more than just one number per category.
regarding 5.: the 2023 budget states 48k yearly for Stablelab (@Jose_StableLab) as a professional delegate. Since then, there’s no detailed budget information, so I’m just guessing it’s the same amount for this year.
The DAO is definitely in need of governance contributions, so I’m not generally opposed to payments or incentives. But I’m wondering if you can share which services are included in this agreement, compared to regular delegates? Also, it’s a conflict of interest voting for their own compensation.
Despite, I’m happy the foundation can continue their work in the next year and further develop the RARI ecosystem.
Hi @bitblondy, We can answer your questions in detail during our budget breakdown call today.
The summary of all assets will be published in our Annual Transparency Report and we’ll update the Tally page to include all sources too.
Re StableLab, indeed the compensation is the same this year as the last year. For services included, there were included in this thread. In brief, it’s: active voting participation, setting a leading example of how a delegate in RARI DAO should act, collaboratively aid proposal creation, contribute to community calls.
Thanks for sharing this information, I see a valuable operation for the RARI ecosystem.
@bitblondy closing the loop on the overview of assets under Foundation’s management. The quarterly report was published and it includes the list with a snapshot of values.
Regarding the request for an itemized budget, as anticipated, indeed we cannot disclose granular budget information for confidentiality reasons. The 2025 budget was presented in alignment with previous budgets, following our established approach. It is not our standard practice to provide an itemized breakdown, as doing so could compromise confidentiality and affect our ability to negotiate favorable terms with vendors. Maintaining this approach ensures we can operate effectively while protecting the Foundation’s strategic interests.
We appreciate your understanding and remain committed to transparency within the bounds of responsible financial management.
Please let us know if you have any further questions.
Thanks @JanaBe for the explanation and posting the Q4 transparency report.
It’s maybe worth to point out there was an itemized budget for 2023 (as I’ve said previously), so it’s hardly a long tradition.
It’s clear you don’t need to share confidential info, such as the terms with vendors or salaries. For the other parts, it should be rather self-evident that they are shared with the DAO (as it is a standard industry practice as well, from my experience).
You did give some more info on the community call, so that’s fine with me. Just want to point out there should be some transparency principles, without the need to ask for small bits of information.
I would just echo the concerns around transparency raised by @bitblondy, the transparency report falls short of levels of transparency required in my view - even going as far as not disclosing quantities of USDC held by the Foundation. At this point in time given the extremely high spend of the Foundation compared to the treasury, the Foundation should expect enhanced scrutiny on their spend and in my opinion should respond with greater transparency in order to continue receiving the DAO’s support for the work they are undertaking.
Thank you, @JanaBe for the quarterly report and the follow up budget call. I feel that the Foundation has been transparent with the spend in the budget, and from personal experience, I understand what detail you can/should not include on these public reports. I appreciate the Foundations time spent on educating and addressing questions regarding the 2025 budget. Most questions, I believe are due not having more in-depth Q&A for delegates (which you did with the Budget call). Please continue to host these budget calls for delegates who have more specific financial questions.
Coming back to this it’s lowkey crazy how RARI Foundation asked for $2M+ budget, and just months later $RARI is so dead the token’s entire market cap is now barely $16M — and still falling.
At this rate, your “operational costs” will soon be worth more than the whole coin.
And the only thing you shipped this year?
Staking — a move that just dilutes the token further with zero utility, accelerating the death spiral.
Absolute cinema 
Its not just our token falling down, entire crypto market is bleeding due to the wars happening in the world.
Would love to see $RARI back at $5! Lets work on that
This day came much sooner than expected.
Max extraction, 0 accountability.
You predicted it man. Zero accountability is what defines Rari Foundation sadly and RARI token well dead and burried.