[Secondary Proposal] API3 DAO Operations Team Proposal Cycle #18]

API3 DAO Operations Team Proposal

Operations cycle: #18

Period: 1 March 2025 – 1st June 2025 (3 months)

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Amount: $ 29189.96

Destination: Gnosis Safe (Multi-sig Wallet)

Address: 0x00128492458fdB7f50ffE655153Bc91aE06e00F5

Signers:

● 0x306F15dAE87185540Fc6dD6Ef8e0bf12D6AFa609

● 0x79c244C70E288DC011f7978bc0866A98dbDF2ddB

● 0xE0D6480ae69e7C4928a3F45E6cf5651e52741EC0

⅔ signatures needed in order to make a transaction.

Scope:

The Business Operations Team serves to make sure internal systems and processes run
smoothly for the organisation as a whole, and our general responsibilities have been outlined in previous proposals, therefore more details can be found there in the ‘History’ part of the governance section of the DAO portal dashboard, if required for reference.
Items and requirements specific to this proposal are in the embedded spreadsheet image below as line items and are also explained as text.

Contingency Fund and petty cash etc:
As stated in previous proposals, this serves to backstop other teams etc as required.
This required a small top-up this cycle, due to a small price variance increase in one of our internal administrative services for the API3 Foundation.

Cycle #18 Specific Deliverables:
No extra or specific deliverables for this cycle beyond the regular functions of Ops were specified.

Cycle #17 Deliverables Achieved:
● Ongoing operational support provided to other API3 teams.
● Maintained and managed existing processes - marking and addressing areas for
improvement as needed.
● Ongoing internal systems monitoring and support.

IPFS Version

2 Likes

proposal up

According to the DAO tracker, the next nine months will bring a significant increase in liquid API3 tokens.

Currently, a 500K token unlock results in a 0.42% weekly supply increase. Given this pace, it’s evident that capturing OEV alone will not provide a meaningful burn mechanism to offset the growing supply, as per originally hoped.

The DAO must urgently develop a strategy to support long-term token health and sustainability. I believe this proposal is well-positioned to take on that responsibility and suggest expanding its scope to include this.