Thank you @SEEDGov for all your work around the proposed delegate program. Also appreciate you putting yourself forward for the Program Manager role. Overall in support of this, however:
As of now, the stated annual costs of this program amounts to just over 10% of the main multisig, which sounds like a lot. While this multisig is not the entire treasury, it’s basically 80% of it.
While we are looking into ways for the DAO to generate some additional revenue off of its idle treasury assets to help cover some of this cost, and with grants program and other things in the pipeline, we may want to revise the rewards down slightly for this first cycle by say $500 per tier, so 2.5k instead of 3k at the higher end. Assuming my chatgpt-assisted calculations are correct, this would roughly reduce the cost of the program by $90k per year.
Thoughts?