MIP40c3-SP74: Modify Dai Foundation Core Unit Budget

--- tags: Summaries --- # MIP40c3-SP74: Modify Dai Foundation Core Unit Budget This post summarizes the main points of this subproposal from GovAlpha's perspective: - MIP40c3-SP74 is a budget subproposal for the DAI Foundation Core Unit (DAIF-001). This budget replaces the previous DAIF-001 three-year budget ([MIP40c3-SP24](https://mips.makerdao.com/mips/details/MIP40c3SP24), ratified on 2021-08-23). - It spans one year: from 2022-09-01 to 2023-8-31. - In addition to `Abstain` and `Reject budget`, it proposes the following options for Maker Governance to vote on: - `Base case` (723,357 DAI) - `Bear scenario` (667,055 DAI) - `Super Bear scenario` (325,688 DAI)\ - It does not include an MKR vesting schedule. - It falls within the grace period for new budget submissions detailed [here](https://forum.makerdao.com/t/amended-mip40-important-information-for-core-units/15450/3), so it is eligible to enter the August Governance Cycle. - This proposal has been assigned `High-Impact` based on the methodology listed [here](https://forum.makerdao.com/t/introducing-impact-estimations/14267).