SIP: 4Q24 Budget

Mandate The Sector Budget will be utilized for expanding the protocol’s functionality, maintaining and operating existing smart contracts, and ensuring the safety and correctness of protocol design and implementation. In addition, the budget will be allocated toward marketing, business development, and fostering strategic partnerships to enhance growth and adoption.

The team’s mission is to provide the necessary infrastructure to sustainably scale the ecosystem and onboard the next generation of DeFi users.

3Q24 Review

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We ended the quarter in a $69.7k surplus compared to our forecast driven primarily by lower engineering costs and lower operating and marketing costs. We expect this to continue trending lower and are adjusting our forecast. In 4Q and 1Q, operating expenses tend to be higher due to year operating renewal costs.

DAO & Treasury

The DAO treasury benefited from the increase in ETH and overall crypto markets over the last few months.

At 3Q24 end, our treasury operations fund is as such.

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Intents & Market Making Strategies Upcoming Developments: We’re excited to onboard as a solver on CowSwap in the upcoming weeks. This marks an important milestone as it will enable us to start live testing our solver. As a reminder, the solver has performed in the top 75th percentile in the testing realm, and we’re eager to see how it performs live. Monitoring and Scaling: We will be closely monitoring the solver’s performance once it is live and plan to scale it up accordingly. This live testing phase of our solving strategies marks an extremely exciting time at Sector Finance. Next Steps for Sector and the DAO: So, what does this mean for Sector and the DAO? We’ll be keeping everyone updated on the results. Following testing, we will utilize DAO feedback and votes to decide on potential expansion and how value accrual from these strategies will occur. Deprecating Non-Yield Generating Strategies: As intents solving and market making become a bigger focus, we will begin deprecating some of our current strategies that aren’t as yield-generating. The community will be kept in the loop as these changes take place. Thank you, everyone. This is really exciting!

4Q24 Budget Breakdown

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4Q24 Objectives The following are the high level goals we have for the quarter segmented by what we want to accomplish on the product and business front. The team will continue with our updates where we share our goals and progress.

Onboard as an intents solver and market maker on Cow Swap, 1inch, and other protocols where there is market making opportunity Internal testing of strategies utilizing Sector liquidity and capital Leverage expertise and development in Scout into new market making opportunities Maintain and build upon existing Phase 1 Vaults and Delta Neutral strategies and Concentrated Liquidity strategies by canvassing current DeFi market and adding new strategies and integrations Continue researching changes and opportunities in DeFi around intents and swaps

start

October 15, 2024

8:06 PM

end

October 17, 2024

8:06 PM

Voting

off-chain

Voting type

single-choice

Voters

Votes

675

Final Votes

closed

For

674.8 veSECT

100%

Against

0 veSECT

item label

Placeholder title of a dao proposal

DAO name

0x000000000000

Mon 00, 2024 00:00

About Voters Analytics

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Voting

100,000

Voting type

100,000

Starts in

100,000

Voters

1,000,000

Votes

1,000,000

Votes

Choice label

TICKER

100%

Choice label

TICKER

100%

Choice label

TICKER

100%