Profile of elika_mah in Rari Foundation
Posts by elika_mah
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Rari Foundation Q2 Transparency Report
by elika_mah - This user is a moderator
Posted on: Aug. 29, 2024, 2:33 p.m.
Content: Hi there! Thanks for the notes:
On the 15 . 6 M RARI, that number should be 1 . 56 M RARI. We’ve made the correction in the updated report attached to this post.
On how the funds should be reported (# of USDC, RARI, ARB + their relative value) we will make this adjustment for next quarter’s reporting.
Thanks for sharing your feedback!
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Rari Foundation Q2 Transparency Report
by elika_mah - This user is a moderator
Posted on: Aug. 15, 2024, 6:58 p.m.
Content: Dear Delegates,
Please find the Rari Foundation’s Q 2 Transparency Report.
Disclaimer: This report, prepared by the RARI Foundation exclusively for informational purposes, and is based on data from various service providers. This report should not be used for making financial, legal, investment, business, tax, or other decisions. The information reflects the date of the report and may change. The Foundation reserves the right to modify or update the report as needed.
Operational and Financial Updates: In Q 2 , we managed a Treasury Diversification Strategy approved by the DAO, allocating 15 . 6 M RARI. We increased DAO delegate activity with six on-chain proposals, introduced gasless voting, and expanded the RARI chain ecosystem through key integrations. We executed co-marketing campaigns, co-hosted the ETH Lisbon B 2 B event with Rarible, and strengthened our team by hiring leads for Ecosystem, Tech, and Treasury, and Marketing.
Future Initiatives & Q 2 Outlook: In Q 3 , we plan to implement the Treasury Diversification Strategy and work with the community to claim unclaimed RARI airdrops and rewards. We’ll reassess our ecosystem growth strategy and KPIs, develop a DeFi-focused campaign for early Q 4 , and assist in redesigning the RARI Rewards program. We’ll also align with Rarible to deepen our product partnership, continue RARI chain integrations, and design a governance upgrade to implement RARI tokens on Arbitrum One and RARI chain.
Financial data and fund balances are based on a rate of US$ 2 . 20 per RARI as of June 31 , 2024 .
RARI Foundation-Q 2 Transparency Report.pdf ( 644 . 2 KB)
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RARI Foundation Q1 Transparency Report
by elika_mah - This user is a moderator
Posted on: June 25, 2024, 1:57 p.m.
Content: Rari Foundation Q 1 Transparency Report
Dear Delegates,
This is the Rari Foundation’s Q 1 Transparency Report.
Disclaimer: This report, prepared by the RARI Foundation exclusively for informational purposes, and is based on data from various service providers. This report should not be used for making financial, legal, investment, business, tax, or other decisions. The information reflects the date of the report and may change. The Foundation reserves the right to modify or update the report as needed.
Operational and Financial Updates: In Q 1 , we secured the 2024 operational budget in RARI and converted 446 , 060 RARI to USDC, yielding $ 1 , 033 , 895 . The Rarible Protocol’s smart contracts were transferred to the DAO, and the RARI chain launched on mainnet with creator drops and an incentives campaign. We onboarded the second Delegate launchpad cohort, increased DAO participation to 15 voters per proposal, and hired three consultants. Strategic loans were fully allocated.
Future Initiatives & Q 2 Outlook: We plan to kick off a Rarible Protocol grants sprint, initiate treasury diversification, upgrade governance for multichain operations, and onboard DeFi projects to the RARI chain.
Financial data is fund balances is based on a rate of US$ 4 . 21 per RARI as of March 31 .
Moving forward, we will release these reports within 30 days of the end of each quarter, with a potential extension to 45 days in some circumstances.
Thank you for your attention and ongoing support.
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