Expenditure Update and Multisig Withdrawal Notice #2

Expenditure Update #2

The DEF’s expenditures generally fall into three categories: grants, internal expenses and operations (employee and grants committee member compensation, rent, insurance, etc.), and external expenses (independent contractors like lobbyists, communications firms, legal counsel, web development, etc.). Once the DEF’s accounting is set up, we’ll be able to produce these numbers more quickly. Please also see the expenditure projection* the DEF published at the beginning of the month for more granular details about planned spending.

The DEF’s expenditures incurred during the month of September 2021 were: $501,168 in grants (Fight for the Future), $18,078 and 177 $UNI in internal expenses, and $28,900 in external expenses.

Multisig Future Withdrawal Notice #2

The committee will withdraw 500,000 $USDC and 0 $UNI from the DEF’s multisig. After completing this withdrawal, the DEF’s assets held in the multisig will be 9,283,780 $USDC and 499,000 $UNI.

• Expenditure Update and Multisig Withdrawal Notice #2

* Custody proposal failed and has been scrapped.