PIP-62 - Velora Governance Task Force

[SEEDGov]

Performance amount calculation and request

In accordance with PIP-62, which approved the creation of the Governance Task Force, we inform the community that the first quarterly period (April–June 2025) has been completed. As such, it is time to calculate the performance amount as outlined in the aproved proposal:

@SEEDGov

Performance amount: 1.5% of the revenue of the protocol up to a maximum of USD 60,000, to be calculated and paid on a quarterly basis up to a maximum of USD 15,000 per quarter, to be paid in PSP - or in the future new token it may eventually migrate to in accordance with Project Miro -:

• Every quarter from April 2025, SEEDGov will be paid 1.5% of the protocol revenue up to a maximum of USD 15,000.
• The source of truth for the calculation is the official ParaSwap analytics dashboard, especially the ‘Revenue - Last 90 days’ chart. In the event that this dashboard ceases to function, other sources will be used and discussed with the DAO.
• Calculations and payments will be made in:
  • The first five days of July 2025, for the first quarter April-June,
  • The first five days of October 2025, for the second quarter July-September,
  • The first five days of January 2026, for the third quarter October-December,
  • The first five days of April 2026, for the fourth and last quarter January-March.
• PSP - or in the future new token it may eventually migrate to in accordance with Project Miro - will be transferred in those dates in quantity sufficient to cover the value in USD of 1.5% of the last 90 days’ protocol revenue, with a cap of 15,000 USD per quarter.
• The value of PSP - or the future token that replaces it - to determine the amount to be transferred is calculated at the time each transfer is approved and executed

Based on the official Velora analytics dashboard, the protocol revenue generated over the last 90 days totals 559,236 USD.

*Screenshot taken at the time of this post, July 2 at 5pm UTC.

Therefore, the 1.5% quarter performance amount (cap to 15,000 USD) due to SEEDGov for the April–June quarter amounts to 8,388.54 USD.

As approved, this amount is to be paid in PSP tokens at the equivalent value of 8,388.54 USD to be valued at the time of transfer.

As stipulated, we request that the PSP equivalent to 8,388.54 USD be transferred to the SEEDGov delegation wallet: 0x1a20c5106c11de13FE62ddE12BAdf5A04605A4b7

Quarterly Report

Additionally, given that the April–June 2025 quarter ended two days ago, we are currently processing the final data and metrics in order to publish the first quarterly report on DAO activity in the next few days as previously committed.