# [ Proposal] Create a dedicated Gnars Fund to support Athletes and Content Creators {Forever}

## Summary

One of the critical pillars of GnarsDAO mission is supporting extreme sports athletes and content creators, providing them with a safe space for experimentation and ensuring their independence over how they achieve their career goals.

I am proposing to create a dedicated Fund, fuelled by GnarsDAO Treasury every quarter, ensuring that GnarsDAO will forever have enough capital to distribute to athletes and content creators as long as Gnars NFT primary and secondary sales fund GnarsDAO Treasury.

## The Problem

In the past 90 Days, an excessive series of costs have impacted negatively the Treasury level, which has declined below the 40 ETH threshold for the first time in history.

One of the most significant risks for GnarsDAO is running out of capital available to support athletes over time.

However, limited Treasury should continue GnarsDAO supporting new athletes and content creators, but rather make sure that resources available are allocated efficiently toward Athletes and Creators every quarter.

> *Constraints drive innovation and force focus. Instead of trying to remove them, use them to your advantage*

## The Solution

Create a separate Athletes & Creators Fund (A&C Fund) funded by GnarsDAO Treasury every quarter via capital allocation (in ETH) between 10% (minimun) and 40% (maximum) of ETH available.

The allocation is voted by GnarsDAO every quarter and the total ETH available will always be at most 40% of Treasury, considering also what hasn't been spent the quarter before.

## The Key Benefits

The solution offers benefits for all the stakeholders involved :

* GnarsDAO Community and Voters clearly understand the amount of capital that could and should be allocated during the quarter and can make better-informed decisions.

* Athletes and Content creators have transparency on the capital available to design their proposals and requests.

* GnarsDAO has more clarity and transparency of how much capital has been spent for Atheltes and Content Creators during each quarter.

## How it works


STEP 1 : Treasury Quarterly Report is presented to the community the last Wednesday of the quarter. The report will inform capital available to be allocated for the following quarter.

STEP 2 : GnarsDAO Community vote for capital allocation to A&C Fund. The vote is to allocate a percentage of the total treasury. GnarsDAO will have five vote options :

* 10%
* 20%
* 30%
* 40%
* No additional allocation of treasury

STEP 3 : Capital is allocated and transferred to A&C Fund

Step 4 : A&C available capital will be used/distributed for proposal coming from Athletes and Content Creators during the quarter.

Step 5 : At the end of the quarter, the Treasury team analyses A&C Fund activity and reports to the community.

Step 6 : Quarter Close and Process Starts again from Step 1

Notes

1. The first quarter A&C Fund will be empty
2. Starting the second quarter, the allocation toward A&C will need to consider what has yet to be spent during the previous quarter.
3. A&C cannot exceed 40% of the total treasury at the time of the Allocation Vote
4. A&C fund will be structured as a multi sig wallet

## People Involved (Governance)

Treasury Team

- Existing Multi Sig GnarsDAO member
- GnarsDAO Treasury Analyst (to be recruited)

A&C Fund Team

- Gami / Alberto / Member 1 / Member 2

## Roadmap

* Phase 1 : Draft Completion
* Date : Week 7

* Phase 2 : Proposal Submission
* Date : Week 8

* Phase 3 : Proposal Vote
* Date : Week 8/9

* Phase 4 : Team

## Vocabulary and Terms

GnarsDAO Treasury