CIP-24 - Continued funding for development services - Service Agreement No 2

Hi Billy,
thanks for this question on the longer term perspective and also for your kind words.

So, the funding request will not deplete the KYCed funds: there are 2,749,876 USDC KYCed funds left, which is about half the amount asked in this CIP. Reposting the third paragraph:

Overall, this will leave a total of 2,749,876 USDC KYCed funds at CoW DAO’s disposal (of which 2.2M currently in use by CoW DAO’s Core Treasury Team, cf. passed CIP-19 proposal here, 0.5M currently in CoW DAO’s Solver Bond and the remaining 49,876 USDC in the CoW DAO’s Daughter Safe).

But yes also, there have been first thoughts on a potential fundraising and it’s timing. It was included as a brief and vague bullet point above in the roadmap section (vague because details need to be both worked on jointly with and aligned with CoW DAO):

  • Engaging with interested parties in outlining a potential next fundraising round on behalf of CoW DAO with alignment on KYC needs (to be decided);

Hope this answers your two questions. If you have ideas/suggestions on this topic, please also feel free to post :slight_smile:

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