Helper Dash
Member
This proposal is an idea to help the Dash Treasury more closely match the funding requests of proposal owners when the dash price fluctuates so much.
Hello. I'd like to be referred to as Helper Dash.
I am a Financial Manager, Accountant, and Tax Specialist in the USA.
I have been thinking of ways to make Dash easier to use.
[I have more research to do on creating an easy-to-use 'no cost - low cost' exchange for USD and other fiat currencies directly to Dash and back; and with less price volatility.]
I would like input, please, on whether or not it would be helpful or useful in the dash dao system to have a dash proposal over-flow account for unallocated funds. A person, such as myself, can escrow monthly unallocated treasury funds and disburse them in an orderly manner pre-approved by MNOs to approved proposal owners. An example is below. I would be willing to do this for $0-$300 USD per month to start (1 Dash escrowed).
How it would work:
(better suggestions would be appreciated)
Example Only:
If March 2018 had 6176.72 DASH Total Available Budget
And 6072.92 DASH were allocated to approved Proposal Owners
103.80 DASH would still be available to escrow for use or go unused.
at $310.00 USD x 103.80 = $32,178.00
If:
Project A short $4,000
Project B short $3,200
Project C short $12,578
Project D short $12,400
They could all be funded in full as planned for better success.
I could manually disburse those amounts.
If those amounts were surpluses instead, because prices increased, proposal owners could send those amounts to escrow to disburse when there are shortages.
I would keep detailed records and spreadsheets for appropriate parties.
Now the tricky part(s) due to automation:
[I would like help figuring this out and setting it up]
Multiple proposals would be created on the basis of a calendar year:
April - December 2018 (9 months remaining) or
January - December 2019 (12 months remaining)
Treasury Escrow 10 DASH 9 or 12 months
Treasury Escrow 50 DASH 9 or 12 months
Treasury Escrow 90 DASH 9 or 12 months
Treasury Escrow 125 DASH 9 or 12 months
Treasury Escrow - 5 x 5 Proposal Dash refunded = 25 DASH one month
Use DASH amounts that when approved would most closely match unallocated funds. So, 90 DASH AND 10 DASH = 100 DASH would be approved as closest to 103.80 and 50 and 125 escrows not approved for that month's funding.
Could the right combination of on-going numerical sub-sets be figured to make this idea worthwhile? Or can someone build on this idea to be helpful in any way? Perhaps it can add flexibility to the approval process when the budget is tight?
Thank you.
Hello. I'd like to be referred to as Helper Dash.
I am a Financial Manager, Accountant, and Tax Specialist in the USA.
I have been thinking of ways to make Dash easier to use.
[I have more research to do on creating an easy-to-use 'no cost - low cost' exchange for USD and other fiat currencies directly to Dash and back; and with less price volatility.]
I would like input, please, on whether or not it would be helpful or useful in the dash dao system to have a dash proposal over-flow account for unallocated funds. A person, such as myself, can escrow monthly unallocated treasury funds and disburse them in an orderly manner pre-approved by MNOs to approved proposal owners. An example is below. I would be willing to do this for $0-$300 USD per month to start (1 Dash escrowed).
How it would work:
(better suggestions would be appreciated)
Example Only:
If March 2018 had 6176.72 DASH Total Available Budget
And 6072.92 DASH were allocated to approved Proposal Owners
103.80 DASH would still be available to escrow for use or go unused.
at $310.00 USD x 103.80 = $32,178.00
If:
Project A short $4,000
Project B short $3,200
Project C short $12,578
Project D short $12,400
They could all be funded in full as planned for better success.
I could manually disburse those amounts.
If those amounts were surpluses instead, because prices increased, proposal owners could send those amounts to escrow to disburse when there are shortages.
I would keep detailed records and spreadsheets for appropriate parties.
Now the tricky part(s) due to automation:
[I would like help figuring this out and setting it up]
Multiple proposals would be created on the basis of a calendar year:
April - December 2018 (9 months remaining) or
January - December 2019 (12 months remaining)
Treasury Escrow 10 DASH 9 or 12 months
Treasury Escrow 50 DASH 9 or 12 months
Treasury Escrow 90 DASH 9 or 12 months
Treasury Escrow 125 DASH 9 or 12 months
Treasury Escrow - 5 x 5 Proposal Dash refunded = 25 DASH one month
Use DASH amounts that when approved would most closely match unallocated funds. So, 90 DASH AND 10 DASH = 100 DASH would be approved as closest to 103.80 and 50 and 125 escrows not approved for that month's funding.
Could the right combination of on-going numerical sub-sets be figured to make this idea worthwhile? Or can someone build on this idea to be helpful in any way? Perhaps it can add flexibility to the approval process when the budget is tight?
Thank you.