This is the 1st vote for the S20 & S21 Allo Budget. Snapshot vote passed.

TL;DR

Allo Protocol is a resource allocation protocol that enables communities to more effectively invest in their needs. The initial iteration, v1, went to mainnets in December 2022 and currently powers Grants Stack. We began working on Allo v2 in July and are currently in the final stages of auditing its code, with v2 slated to deploy to mainnets by the end of October.

We believe that a resource allocation protocol is a core piece of infrastructure with high long-term potential, and that the “community investment” use case can support a full ecosystem of user-facing applications. This belief drove our investment in v2, as the new design makes it easier to create new applications and provides a more powerful profile registry. However, we are aware that we are facing headwinds due to the bear environment and that we may be a little too early for the market. Our focus in S20 and S21 will be testing the market’s current ability to support this ecosystem so that we can make a more informed decision about our mid-term strategy.

Economics

The Allo workstream is requesting an allocation of 190,608.33 GTC*, equivalent to approximately $177,971 to cover S20. This includes reserve and rollover funds.

*Price of $0.9337 per GTC

Wallet address: 0x6a3732A44D418A28877a70c021f605580794e951

Verify wallet address here: https://manual.gitcoin.co/introduction-and-overview/dao-finances