Strudel Budget

To inform and provide the Strudel community with transparency, the development team has decided to prepare a budget of how the development funds will be spent. Strudel development funds are located in the project’s multisig, all developers of the project must sign and approve every time a transaction will be made.

Available Funds

Currently, there are around 56,000 Strudels accumulated in the multisig. These Strudels have been accumulating since the project was created in 2020, and have not been spent since the project was on hold for several months. These funds will be equally split between the developers who created the protocol, NERD Finance who took over as lead dev of the project. For the peace of mind of the community, 80% of the funds will be locked for a period of 3 months.

Weekly Budget Going Forward

The Strudel protocol will provide a weekly supply of tokens that will be available for the team to use. Funds will be distributed accordingly depending on the needs of the project. The strudel protocol and the team have decided that the best way to manage compensation will be with a base rate + a fixed strudel bonus.

The compensation budget will be as follows,

Bi-weekly Salaries:
Johann Barbie: $2,000 USD as Lead Dev
Ataxia: $2,000 USD as CTO
Xavier Vera: $2,000 USD as COO
Ethan: $1,000 USD as Community Manager
Aircincy: $1,000 USD as Community Manager

The remaining allocation of the dev fund will be divided into 4 brackets that can vary depending on the needs of the project at any given time and will be the following.

-Development expenditure
-Marketing Expenses
-Contributor bonuses
-Strudel Treasury

10% of the weekly development allocation fund will go towards the founder’s fund.