6. Entity & Operations
6.1 Legal Structure
Coming soon
6.2 Finances
Protocol Guild’s legal entity currently receives 5% (as of Oct 4, 2024 - tx link) of split proceeds to Safe multisigs:
Mainnet
0x0cDF1a78f00f56ba879D0aCc0FDa1789e415f23B (current address)
0x69f4b27882eD6dc39E820acFc08C3d14f8e98a99 (previous address)
Optimism
The entity converts all tokens on a monthly basis to maintain a stablecoin reserve. This covers:
$200k in reserve for 2 years of fixed + variable costs incurred to operate the entity
$100k in reserve for potential insurance claims against the foundation
Compensation for independent operations contributors
$12.5k/month to support cheeky-gorilla’s contributions
Generally, the entity should receive sufficient funding to cover the above, but not accumulate beyond that. These amounts are set by the membership, as noted in the Governance subsection of the docs.
6.3 Quarterly Reports
Coming soon