I saw on the AGP wishlist that there is demand for an annual budget for the Aragon Network. I have been spending some time thinking about this ever since I took time to evaluate the financial impact of Aragon Black’s first AGP, and with spending ramping up further after the approval of Autark’s second proposal and potentially even further with Aragon Black’s second proposal, the need to put some kind of cap on spending seems more urgent than ever.
I worry that ANT holders are becoming short-sighted about how they are managing the treasury, and I hope a budget will impose some discipline on spending while the Aragon Network is still running at a loss. I should note that I see this discussion as complimentary to, and not in competition with, discussions such as those occurring in the “Birds of a Feather” thread, and look forward to seeing ways that we can keep development decentralized and continue growing a community of contributors while staying on a sustainable spending course.
I propose that we, the Aragon community and ANT holders, make a “Ulysses pact” with ourselves to not spend more than 20% of our treasury’s value, or 1 million DAI, whichever is greater, in any given calendar year. The result is that we will always have five or more years worth of runway, until we get down to a treasury value of 5 million DAI and spending is capped at 1 million DAI per year.
(Edit: The specifics of the budget have been modified, see proposal text below for the most recent proposed budget details.)
Here is the language I am proposing to add to the Finance track description in AGP-1. I welcome your feedback on this thread.