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spending draft update and bib fix
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glasgowm148 committed Jan 20, 2025
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60 changes: 36 additions & 24 deletions docs/ef/ef-treasury.md
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Expand Up @@ -27,27 +27,26 @@ For more information on Ergo's emission schedule, tokenomics and allocation, vis

## Holdings

As of July 2024, the complete treasury of the foundation is as follows:
As of January 2025, the complete treasury of the foundation is as follows:

| Asset | Indicator Amount | Indicative US$ Price | Indicative Total US$ Value |
|-------|------------------|----------------------|----------------------------|
| **Liquid Assets in Self-Hosted Wallets** |
| ERG | 179,954.44 | 0.84 | 151,161.73 |
| BTC | 3.315399986 | 66,731 | 221,236.01 |
| **Subtotal - Liquid Assets** | | | $372,397.74 |
| ERG | 156,160 | 1.7 | 265,475 |
| BTC | 2.230499 | 108,059 | 241,025 |
| **Subtotal - Liquid Assets** | | | $506,500 | 506500
| **Illiquid Assets in Self-Hosted Wallets** |
| Gluon | 335,000 | 1.00 | 335,000.00 |
| SPF | 27,681,500 | 0.01292 | 357,644.98 |
| RSN | 30,000,000 | 0.06639 | 1,991,700.00 |
| **Subtotal - Illiquid Assets** | | | $2,684,344.98 |
| SPF | 26,600,000 | 0.01292 | 277,970 |
| RSN | 30,000,000 | 0.06639 | 2,805,900 |
| **Subtotal - Illiquid Assets** | | | $3,418,870 |
| **Assets in MM Accounts (Illiquid)** |
| ERG | 164,016.09167 | 0.84 | 137,773.52 |
| BTC | 0.00804 | 66,731 | 536.52 |
| USDT | 8,843.41 | 1.00 | 8,843.41 |
| **Subtotal - Assets in MM Accounts** | | | $147,153.45 |
| **Total Liquid Assets** | | | $372,397.74 |
| **Total Illiquid Assets** | | | $2,831,498.43 |
| **Total Assets** | | | $3,203,896.17 |
| ERG | 58,715 | 1.7 | 99,815.5 |
| USDT | 35,746 | 1.00 | 35,746 |
| **Subtotal - Assets in MM Accounts** | | | $135,561 |
| **Total Liquid Assets** | | | $506,500 |
| **Total Illiquid Assets** | | | $3,554,431 |
| **Total Assets** | | | $4,060,931 |

/// details | Liquid vs Illiquid Funds
{type: warning, open: true}
Expand All @@ -62,7 +61,7 @@ You can find the Ergo Foundation treasury and current balance on-chain at the fo

- [EF Multi-sig for ERG + Tokens](https://ergexplorer.com/addresses#2BggBDgr9n9geTKjCJBCEWMReb2i7wcocw7fjVd3QyM7qFMtmVHyoFr78kChAxGekJxUTZru2aMjyZKcVoPfHX5d12RqNrnEAgzGqUCoJ2v9xCqmT75V5xdhT1JBqQbeRKJZT4XGMg7hZAqVvbMsQF26nkWRPqiCqPoKfy7GZw9zuvr15qaqbB2ZcZXaGTrvqDN2o15SRTJwvVADDx2inzrk3U25cdjFWYBc6ECKSjmYpPWL8fn4msxsBZKNiGbP8vDrYWqQuPtMwJ5Ag)
- [Hot Wallet](https://ergexplorer.com/addresses#9g1ReLmsbGevkTjfPGMdRMoFRdrAVskZVmSBpaEdVW2DfG4HDWm) managed by the Treasurer when sending payments.
- [EF BTC Multi-sig](https://www.blockchain.com/explorer/addresses/btc/bc1q7zd0snrmt06vtq5ehl98gx30a79g4y4fz48wmt4l4vstreh3lz2s6t0axz)
- [EF BTC Multi-sig](https://www.blockchain.com/explorer/addresses/BTC/bc1qhps44rcl0rln47te839wr5rx25z624gawsgdye0cs4m0pq2mkhnq8dmkkc)

## Salaries

Expand All @@ -89,14 +88,19 @@ The Ergo Foundation has spent the majority of the Treasury for the benefit of th

<!--TODO: Yearly figures don't add up to total difference between total allocation & spending, 90k difference, probably missed a tx -->

| Spent | ERG | USD |
|---|---|---|
| 2023 | 424,150 | $589,777 |
| 2022 | 723,000 | $2,247,640 |
| 2021 | 889,001 | $3,793,485 |
| 2020 | 1,080,000 | $500,292 |
| 2019 | 757,051 | $590,239 |
| Total | 3,963,209 | $7,721,433 |

| **Spent** | **ERG** | **SPF** | **BTC** | **TOTAL VALUE** |
|-----------|--------------|---------------|-------------|-------------------|
| 2024 | 209,646 | 1,627,500 | 1.95 | TBC |
| 2023 | 424,150 | 1,622,000 | - | $589,777 |
| 2022 | 723,000 | - | - | $2,247,640 |
| 2021 | 889,001 | - | - | $3,793,485 |
| 2020 | 1,080,000 | - | - | $500,292 |
| 2019 | 757,051 | - | - | $590,239 |
| **Total** | **4,082,848**| **3,249,500** | **1.95** | **$7,721,433** |




In addition to the direct ERG spending above in 2023,

Expand All @@ -122,7 +126,15 @@ Foundation votes this year are usually related to our internal structures, excha

| Date | Description | Category | Status | Amount |
|-------------|---------------------------------------------------------------|-------------------|------------|------------------------------------------|
| (Jul 2024) | Fund Gluon Gold Marketing Effort | Treasury Control | Passed | 9540 ERG |
| (Dec 2024) | Alt Social Media Manager Role | Treasury Control | Passed | $20 per hour |
| (Nov 2024) | Ergo Mining Ecosystem Development and Community Expansion | Treasury Control | Passed | $24k over 12mo |
| (Oct 2024) | Ledger UI implementation for Stax and Flex devices | Treasury Control | Passed | 6k USD in ERG |
| (Oct 2024) | ERGOHACK IX Funding | Treasury Control | Passed | $9.5k |
| (Oct 2024) | Keystone bounty | Treasury Control | Passed | 3k ERG |
| (Sep 2024) | Sponsor sigmaspace.io | Treasury Control | Passed | 250 USD worth in ERG monthly |
| (Sep 2024) | DevOps Proposal | Treasury Control | Failed | $1.5k/mo |
| (Aug 2024) | Marketing for Cyberverse Grant | Treasury Control | Passed | 12,000 USD |
| (Jul 2024) | Fund Gluon Gold Marketing Effort | Treasury Control | Passed | 9540 ERG |
| (Jul 2024) | Make MGpai EF member | Ergo Foundation | Passed | |
| (Jul 2024) | Appoint Glasgow as Permanent Authorised Signatory / Confirm EF Members | Ergo Foundation | Passed | |
| (Jun 2024) | Monthly budget reduction | Treasury Control | | |
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7 changes: 1 addition & 6 deletions refs.bib
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Expand Up @@ -399,12 +399,7 @@ @misc{CKM18
Eprint = {arXiv:1806.10116},
note = {\url{https://arxiv.org/abs/1806.10116}},
}
@misc{Nol13,
author={Tier Nolan},
title = {Alt chains and atomic transfers},
url={https://bitcointalk.org/index.php?topic=193281.msg2224949#msg2224949},
year = 2013
}

@phdthesis{Cra96,
author = {Ronald Cramer},
title = {Modular Design of Secure, yet Practical Cryptographic Protocols},
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