Aragon Q4 2018 Transparency Report
A recap of what has been going on with Aragon during Q4 2018.
As per our Transparency Model, we do quarterly Transparency Reports of our use of funds and about the overall progress of the project.
Transparency Framework
This is our main transparency tool. It shows our use of funds with human readable descriptions attached to each transaction.
https://transparency.aragon.org/
Salaries and expenses in Q4
These include expenses such as salaries, travel expenses and annual bonuses.
1,438.34 ETH, 94,191.87 ANT, 69,858.60 DAI & €60,162.95, equivalent of €315,520.63.
Salaries total: €268,434.53
Expense Reimbursements total: €45,095.10
Payments to service providers in Q4
Total of 824.29 ETH, equivalent of ~€330,303.18.
These include business expenses, payments to accountants, lawyers and code auditors. Included are things like new laptops, office equipment, etc., to team members. These are essential for us to work effectively since we're fully distributed teams.
Other miscellaneous expenses: ~€42,184.81.
Sponsoring and event tickets in Q4
Total of 281.49 ETH, equivalent of ~€44,761.51.
- Sponsored and participated at the CV Summit - Crypto Valley Finance.
Watch the The Future Of Governmental Organizations presentation by Luis Cuende
AraCon — The Aragon Conference
AraCon – The first Aragon Conference - took place in Berlin, Germany on January 29th-30th 2019.
For the preparations regarding AraCon during Q4 2018, a total of €63,091.08 was spent.
Aragon Nest grants & Open Source donations in Q4
Nest
The Aragon Nest grants program has been tremendously successful and over 10 teams have already been granted funding.
Find out more in the Nest GitHub repository.
Total of 965.08 ETH & 76,237.62 DAI, equivalent of ~€259,653.22 was paid out to Nest teams.
Read more about the evolution of the Nest program.
The Nest program has been up and running for 7 months. It's mature enough to make a high level analysis of the program so far
This post shows a breakdown of the numbers, who & what gets funded, structure of the program and a glimpse into the future!https://t.co/R9V6bDOASK
October 12, 2018
Grand Total
In total the project spent ~€1,055,484.43 or equivalent in cryptocurrency in Q4 2018.
Financial hedging
Due to market volatility the Aragon Association took extraordinary measures in Q4 2018 to ensure the sustainability of the project, including hedging cryptocurrency holdings into more stable currencies. The full disclosure for this hedging action was published from the Aragon Twitter account:
In the last 24 hours, the AA has sold its XMR position (worth $500k), and a small part of its ETH position (worth $1m).
The AA also just took a 1m DAI loan, collateralizing the CDP with 40k ETH (415.9% collateralization ratio).
We are long ETH.
https://t.co/iT7DGCOfyB
November 27, 2018
Development
You can find more details about the development progress in our Aragon Q4 Development Update blog post.
Time for the quarterly development update!
Read what went on in the last three months of 2018 on the development side of Aragon.https://t.co/GGP0lG0yrn pic.twitter.com/tTIr5q3Ocl
January 10, 2019
Thanks to Alexa Weaver for helping with this post.