First, my apologies for the delayed response. I’ll share a full expenditure update tomorrow.
At present, there are no active core contributor members.
The only individuals receiving remuneration are myself and Matt Brown (Financial Controller & Auditor) – and our compensation varies from 25% - 50% FTE since end of July.
Delisse Gamboa, the Operations Associate, and @CuriousJ were compensated through mid-August and received a one-time payment of 2,500 USDC each to ensure continued availability for proposal reviews and signing activities on DAODAO through December 2025. (Oversight members can’t simultaneously create and authorize payments.) At this juncture, I’m directly reviewing grantee milestone deliverables, and when satisfied, payment proposals are created by me, and subsequently approved by Delisse and Joni.
Some good news: the grants portion of the program may be fully concluded by the end of this month (rather than Dec). In addition to standard administrative and closure activities, two substantive matters remain:
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Return of Assets: The 450,000 ATOM liquidity position on Astroport/Stride (via Proposal 800) must be returned to the Cosmos Hub (more details on where we are with this process tomorrow)
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Governance and Legal Structure: There are material deficiencies in AADAO’s Guernsey Trust Deed. It’s super important that the establishment docs and gov framework reflect prudent, responsible, and community-aligned promises. Specifically, the shared understanding that upon completion of all DAO activities (grantmaking and ventures), ALL remaining assets will revert to the Cosmos Hub cp.
Cosmos Labs generously connected me with the ICF legal team to assist with this review. Pending their legal analysis, I’ll provide a detailed update on the governance remediation plan for Atom Accelerator Trust shortly.