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eatdostacos 2020-05-05 15:26:20 -07:00 • committed by GitHub
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content/credit-reports/2020-Q1.md
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@ -4,8 +4,7 @@ sheet: https://docs.google.com/spreadsheets/d/12_4RFTiEjV1RVdhOOPURa724ZSS8RDBxf
category: policy category: policy
--- ---
## Summary ## Summary
This quarter we moved 10MM operational, 20MM community credits, and 3MM institutional credits from master cold storage. We spent 16,026,383 total community credits on line items detailed below. 126,352 operational credits were used for the LBRY team member LBC purchase program. 3MM institutional credits were granted to lbry.org This quarter we moved 10MM operational, 20MM community credits, and 3MM institutional credits from master cold storage. We spent 16,026,383 total community credits on line items detailed below. 126,352 operational credits were used for the LBRY team member LBC purchase program. 3MM institutional credits were granted to lbry.org. We anticipate similar community outlays throughout 2020. Operational spending may increase at any time, but is not expected to increase significantly. Institutional spending could be substantial at any time, but would be expected to be coupled with sensible and sensitive distribution rules.
We anticipate similar community outlays throughout 2020. Operational spending may increase at any time, but is not expected to increase significantly. Institutional spending could be substantial at any time, but would be expected to be coupled with sensible and sensitive distribution rules.
## Overview By Fund ## Overview By Fund
@ -24,7 +23,7 @@ We anticipate similar community outlays throughout 2020. Operational spending m
| Swarm | 664,000 | | Swarm | 664,000 |
| LBRY funds staked | 4,115,000 | | LBRY funds staked | 4,115,000 |
As interest has been increasing, we anticipate continuing to reward new users, Youtube channel owners, community contributions, and other beneficial activities. As interest has been increasing, we anticipate continuing to reward new users, YouTube channel owners, community contributions, and other beneficial activities.
Rewards are likely to be adjusted downwards, even if current growth flatlines rather than continues. Swarm funds are from a legacy program and are expected to be zero moving forward, and then removed. Rewards are likely to be adjusted downwards, even if current growth flatlines rather than continues. Swarm funds are from a legacy program and are expected to be zero moving forward, and then removed.