Following grant approval, we have spent the last month digging through Decentraland’s treasury and financial history and produced [this report](https://drive.google.com/file/d/1BAgtIdWtWklzDjD3IeO48wAcSCFIo2Jk/view?usp=sharing). We encourage members of the DAO to go through it, but a few TL;DR takeaways below: * Decentraland Operations * The October 2021 Facebook rebrand to Meta fundamentally changed the operations and financial profile of the DAO. As such, every metric we viewed and projected was analyzed through a pre- and post-Facebook rebrand lens. * In general, revenue has descended back towards pre-rebrand levels while grant and other expense costs have remained materially higher, creating a negative cash-flow dynamic that is likely to continue into the near-to-medium future. * Expense increases have been driven primarily by a moderate increase in total grants and a material increase in average grant size. * Decentraland Treasury * Perhaps the most significant issue Decentraland currently faces is the lack of stable tokens in treasury, leaving the DAO undercapitalized and with virtually uncapped downside exposure. * At current prices (~$1.00 MANA) and current operating rates we would anticipate Decentraland has ~15 years of operating runway with a downside but less than a month of that runway is currently denominated in stables. * An illustrative $20M block sale of MANA at a ~20% discount would secure more than a year of operating runway, even if the price of MANA went to $0. Based on the analysis and time spent with the Decentraland’s public-facing data we would recommend the following: **1. Treasury Diversification** – Decentraland should begin exploring a treasury diversification strategy today. Ordinarily we would recommend 2-3 years of stable runway in an extreme bear scenario, though given the slow vesting drip it may make sense to start with 1+ year and reevaluate down the road. There are also a few interesting sales of unvested MANA that the DAO could explore if it wanted to raise more funds while preserving its current MANA balance. **2. MANA Valuation Analysis** – In order to make informed decisions about MANA usage in the context of rewards, grant compensation, treasury diversification, or future potential buybacks Decentraland would benefit tremendously from conducting an analysis on the historical and current valuation of the token. **3. Data Transparency & Projection Refinement** – These projections are far from perfect, in large part due to the lack of public-facing data currently available outside of the transparency report. Spending time putting together a public-facing analytics web page would go a long way to driving additional platform engagement and more sophisticated MANA token purchasers, in addition to creating a more informed and longer term set of projections (with proper revenue drivers and assumptions) and driving additional strategic insights to inform the operating direction of the DAO. **4. Targeted Committee Creation** – to improve efficiency and grow Decentraland, we would recommend that Decentraland consider establishing committees with key growth objectives and defined monthly budgets. The two that strike us as the most pressing are: **A. Strategy & Finance Committee** – to manage and monitor protocol spend, treasury assets, data analysis, and broad DAO strategy; including taking the lead on each of the first three recommendations. **B. Growth & Marketing Committee** – to head up growth initiatives, specifically around driving user acquisition and engagement. We recorded a brief video walking through these slides that was presented in today’s town hall. You can find a link to that video [here](https://drive.google.com/file/d/1k8XZ9UkCESV_M7xxHuC_UuShP1nJCb7l/view?usp=sharing). We appreciate the opportunity to work with and present to the Decentraland community, please do not hesitate to reach out to us or comment with any questions! Sam & Jordan @ Alastor

Preparing detailed financial statements, budget, and long-range forecast This proposal has been ENACTED by a DAO Committee Member (0xfe91c0c482e09600f2d1dbca10fd705bc6de60bc) Vesting Contract Address: 0x5451f9e5bf9bb64b7c3a0c56d0d4c8346a168f20 [View Transaction](https://etherscan.io/tx/0x6a05eb80bcf25f876f2ecee625682b50863884cc01de09ec33920e3160574c45)

Hi Broinstain! How are you doing? I'm Zino from Decentraland's Grant Support Squad 🐿. Congratulations on receiving a Grant to contribute to Decentraland! [Our mission](https://governance.decentraland.org/proposal/?id=7a236540-d305-11ec-b521-2f98ffa6ccb0) is to support grantees to update their progress and achieve their goals, and thus contribute to grow this great community that is Decentraland. Here is some information that will be helpful for you: * Your current status is PASSED. The DAO Committee is working on your Vesting Contract, which will be available in a few days. You will be announced when the Grant turns into ENACTED. 🧘‍♂️🧘‍♀️ * [This article](https://docs.decentraland.org/decentraland/receiving-grants/) might be helpful to you to find your vesting contract. * It's very important to share your progress with the community. Inside your grant proposal -in the Decentraland governance platform- you will find a Project Update Section to publish updates once a month for transparency purposes. * We invite you to join [DAO Discord] (https://discord.gg/zreZFeJ3) and to attend the [Decentraland DAO monthly town hall](https://events.decentraland.org/event/?id=fdcc852e-96e0-4843-b5f0-1da97331de77) -on the 2nd Thursday of each month @ 4:30 pm EST / 9:30 pm UTC-, which is a great way to share updates. * We will also create a [dedicated Discord] (https://discord.gg/XqVGSm44) channel for your grant, to easily stay in touch with the community. * Here you can find the[ Terms & conditions](https://docs.decentraland.org/decentraland/community-grants/#grant-requirements) of the grant program. * Our contact information: * Pablo Lewin : [pablo.lewin@decentraland.org](mailto:pablo.lewin@decentraland.org) * Juan Cassinelli (Zino): [juan.cassinelli@decentraland.org ](mailto:juan.cassinelli@decentraland.org) Have a good journey!

Preparing detailed financial statements, budget, and long-range forecast This proposal is now in status: PASSED. Voting Results: * Yes 88% 2,121,285 VP (19 votes) * No 12% 301,644 VP (13 votes)

Sure, we can do that. To the extent there are additional wallets with inflows / outflows, we will just need some incremental help from someone at Decentraland who can help us label these wallets so we can bucket them accordingly in the model

The price is a little high, but I'd love to have that info. Any chance you can include financial analysis of past years since DAO creation too, for the same budget? :)