---
# System prepended metadata

title: Core-1 <> Wynd Public Goods Grant

---

# Core-1 <> Wynd Public Goods Grant

This memo outlines the agreement between Core-1 and the Wynd team. In a refined form for public consumption, it will be the basis for the prop on the Core-1 multisig.

## Public Goods Funding Grants

The core Wynd devs will receive funding grants for open-source, public goods tooling.

Monthly grants will run for 1 Quarter at rate already given to Jakub ($7.5k in JUNO): 

- Jakub
- Milan

These will start in April and continue for one quarter before being reassessed, i.e. April, May, June 2023.

## Token Swap

$150k USD worth of JUNO at FMV will be exchanged for WYND.

These funds will come from the Core-1 development reserve, and the WYND will be deposited in the dev reserve.

This $150k JUNO will be vested on a 2 year linear vest.

A premium will be applied to JUNO, such that at the FMV dollar value of each asset, the trade will be at a `0.9:1` ratio `$WYND:$JUNO`.

e.g.

```
WYND spot price = $0.095
JUNO spot price = $0.92

10% premium WYND = $0.095 - 10% = $0.0855

$150,000 / $0.0855 = 1.754.385 WYND
$150,000 / $0.92 = 163.043 JUNO
```

**NB:** this is just an example, and the final numbers will depend on the FMV agreed before this OTC trade