mirror of
https://github.com/LBRYFoundation/lbry.com.git
synced 2025-08-30 08:51:34 +00:00
39 lines
1.5 KiB
Markdown
39 lines
1.5 KiB
Markdown
---
|
|
title: "Quarterly Credit Report: First Quarter 2017"
|
|
category: policy
|
|
---
|
|
## Summary
|
|
|
|
This quarter we moved 3 million community credits from cold storage. We spent 1,186,244 total community credits on line items detailed below. No operational credits were moved or spent. No institutional credits were moved or spent.
|
|
As the LBRY protocol performance and reliability has again increased, we anticipate increased outlays in Q2 2017. This will primarily be driven by the redemption of beta invites. We also may begin the first institutional outlays, but any outlays here will be pilot programs and come with spending restrictions.
|
|
|
|
## Current Balance Sheet
|
|
|
|
[Available here](https://docs.google.com/spreadsheets/d/1c-8CR1ro7lKOANHhWhivF7bZ19_ppgCq-d-HD_u43vM/edit#gid=799352054)
|
|
|
|
## Overview By Fund
|
|
|
|
### Community Fund
|
|
|
|
Bounty 14,500
|
|
Testing 181,243
|
|
Invite Refill 15,955
|
|
Quickstart 506,000
|
|
Publishing 13,250
|
|
Modpay 394,600
|
|
Dev_Eval 5,000
|
|
Other 55,696
|
|
|
|
As reliability has been increasing, we anticipate inviting many if not all users on the beta waitlist. This will represent a significant uptick in credit outlays, possibly as much as 1-2 million LBC.
|
|
|
|
### Operational Fund
|
|
|
|
No activity this quarter.
|
|
|
|
We anticipate no usage of credits from this fund this quarter.
|
|
|
|
### Institutional Fund
|
|
|
|
No activity this quarter.
|
|
|
|
We may run our first institutional pilot programs this quarter. Any outlays from this fund this quarter will be minimal and are likely to come with restrictions that prevent them from going to market.
|