Samsara Funding Q3/Q4 &lsquo;24 - Top Up Treasury Payout
Proposal Overview I am reaching out to request a top up due to the decline of the market and price , which has impacted the previously approved funding for Q3 and Q4 &lsquo;24.
One of the challenges of a DAO treasury with native tokens and the decision periods of governance, is the risk of discrepancies in the requested amount and value at the moment of the payout. The value has dropped by more than 25%, significantly reducing the current net market value of the initial funding.
Previous Funding Request 21 Samsara Funding Q3/Q4 '24
<a href="21">https://robonomics.polkassembly.io/treasury/21</a>
Top Up Request I am proposing a top-up to compensate for the 25% decline in funding value, ensuring that the total funding aligns with the original USD equivalent intended for these two quarters.
Proposed Amount An additional funding to match the &asymp;25% lost value, recalculated based on the current token price/liquidity on Basilisk.
Financial Breakdown
Request Funding Details Original Requested Amount in USD: $12 500 Equivalent in XRT: $4150
Funding Shortfall Actual Market Rate (BSX): $9347,25 Difference in USD: $3152,75
Currently to acquire $12 500;
&mdash; 5850 XRT is needed on BSX.fi. &mdash; Kraken has almost no liquidity.
a decrease of around 25%. This means there is a difference of 1700 XRT. Be advised that this is based on the price impact of the total funding. BSX screenshot: <a href="https://i.ibb.co/bQ7M1yL/Screenshot-2024-08-05-at-11-36-48.png">https://i.ibb.co/bQ7M1yL/Screenshot-2024-08-05-at-11-36-48.png</a>
Additional Top Up Details To avoid this happening again 10% buffer of the total funding request in USD will be added.
10% of 5850 = 6 435 XRT
6435 XRT &mdash; 4150 XRT from previous funding = 2285 XRT So total request for this top up = 2285 (which includes the 10% buffer)
Return Policy on Excess Funding Should the total funding amount, including the top-up and buffer, the total of 6435 XRT, exceed the initial funding value of $12 500 by more than 10% (based on liquidity) at the time it is received in my wallet, the excess amount will be returned to the treasury. This ensures that funding remains aligned with the actual funding request.
Thank you for considering my request and any feedback or questions are welcome. Cheers!
Contact Information:
Name:&nbsp;[0xSamsara] Email:&nbsp;[0xsamsara@proton.me] Discord&nbsp;[0xSamsara - 815929313261649931]

**Samsara Funding Q3/Q4 ‘24 - Top Up Treasury Payout**

**Proposal Overview**  
I am reaching out to request a top up due to the decline of the market and price , which has impacted the previously approved funding for Q3 and Q4 ‘24.

One of the challenges of a DAO treasury with native tokens and the decision periods of governance, is the risk of discrepancies in the requested amount and value at the moment of the payout. The value has dropped by more than 25%, significantly reducing the current net market value of the initial funding.

**Previous Funding Request**  
21 Samsara Funding Q3/Q4 '24

[https://robonomics.polkassembly.io/treasury/21](21)

**Top Up Request  
**I am proposing a top-up to compensate for the 25% decline in funding value, ensuring that the total funding aligns with the original USD equivalent intended for these two quarters.

**Proposed Amount**  
An additional funding to match the ≈25% lost value, recalculated based on the current token price/liquidity on Basilisk.

**Financial Breakdown**

Request Funding Details  
Original Requested Amount in USD: $12 500  
Equivalent in XRT: $4150

Funding Shortfall  
Actual Market Rate (BSX): $9347,25  
Difference in USD: $3152,75

Currently to acquire $12 500;

— 5850 XRT is needed on BSX.fi.  
— Kraken has almost no liquidity.

a decrease of around 25%. This means there is a difference of 1700 XRT.  
Be advised that this is based on the price impact of the total funding.  
  
BSX screenshot:  
[https://i.ibb.co/bQ7M1yL/Screenshot-2024-08-05-at-11-36-48.png](https://i.ibb.co/bQ7M1yL/Screenshot-2024-08-05-at-11-36-48.png)

**Additional Top Up Details**  
To avoid this happening again 10% buffer of the total funding request in USD will be added.

10% of 5850 = 6 435 XRT

6435 XRT — 4150 XRT from previous funding = 2285 XRT  
So total request for this top up = 2285 (which includes the 10% buffer)

**Return Policy on Excess Funding  
**Should the total funding amount, including the top-up and buffer, the total of 6435 XRT, exceed the initial funding value of $12 500 by more than 10% (based on liquidity) at the time it is received in my wallet, the excess amount will be returned to the treasury. This ensures that funding remains aligned with the actual funding request.

_Thank you for considering my request and any feedback or questions are welcome. Cheers!_

**Contact Information:**

Name: \[0xSamsara\]  
Email: \[0xsamsara@proton.me\]  
Discord \[0xSamsara - 815929313261649931\]

The proposal outlines a six-month plan for developing ink!Hub, a tool for ink! developers. The aim is to align development closely with developer needs through iterative feedback.

Secondary Light Client to Target Chain.

Maintenance Mode.

Security Review.

Deployment on Polkadot once stable.

Unshielding Process.

End-to-End Public Testing on Rococo.

Target Chain Event Listener.

Shielding Process.

Deployment on Kusama.

- **Problem Statement:** Requesting a top-up due to a 25% decline in market value affecting previously approved funding for Q3/Q4 '24.
- **Significance:** Risk of discrepancies in requested amount and value due to market fluctuations impacting DAO treasury.
- **Proposed Solution:** Proposing an additional funding to match the lost 25% value, recalculated based on current token price/liquidity on Basilisk.
- **Expected Outcomes:** Adding a 10% buffer to the total funding request to prevent future discrepancies and returning excess funding to the treasury if it exceeds the initial value by more than 10%.

Samsara Funding Q3/Q4 ‘24 - Top Up Treasury Payout

No Active Proposals