[BIP-520] Ecosystem ONsite Proposal Q2 2024

Gm, Balancer fam

Here’s an update on this event. Safe to say, it was another hit overall! :portugal: :pray:

The Balancer ONsite Q2’24 hosted the following sessions, taking 21 DAO/SP contributors to meet 13 Balancer Labs employees in Lisbon, from April 8th to 12th:

* V3 Roadmap overview
* Business Development: what we have to look forward
* Data team hackathon: data quality framework
* SDK/Integrator planning
* Aggregator strategy session
* GRC Talks: v3 launch environment
* Marketing roadmap and metrics
* Hooks and Custom pools: brainstorming and hackaton

Beyond these, everyone enjoyed the opportunity to bounce ideas around, sit together and push things forward. From the feedbacks we gathered, this was the most productive edition yet:

“We had great talks and working sessions were incredible.”

“The hackaton was super productive, we could really evaluate a new feature of our product and think about how our users will use it. I’d try to keep it in the next events.”

“Really enjoyed the hackathon. I’d continue having a session like that in future onsites if possible.”

“I’d really still like to see more focus on that. Maybe even just order in dinner one night and geek out?”

“Could even do more. Was amazing to sit together and work face to face.”

Bonding and building trust among teammates was one of our most important goals with this ONsite. There were many new contributors coming in this time, and we were happy to meet face to face. We even hosted a meet-up with partners based in Lisbon for a few drinks, improving our networking and relationships with the broader ecosystem.

“The overall experience was very good and I am super grateful to have been able to participate. (…) As I said, the organization in general was very good, there were activities to meet the expectations of everyone with diverse preferences.”

“Generally everything went really well and the extra curricular activities were great.”

Lastly, I’m pleased to inform that, as promised, we managed to work on considerable savings across the board. We began planning while still in the depths of the bear market, but glad we kept spendings to a minimum, while still getting our contributors comfortable to enjoy their time in Lisbon and be productive. I’m happy and proud of our team for our professionalism and would vouch for future editions in a heartbeat! :clap:

Final cost was av. $2,570 USD per person (initial budget at 3,350 EUR).

Budget Actuals Diff.
Travels and Airport Transfers 23,320.00 -19,159.91 4,160.09
Accommodations 23,494.40 -14,951.67 8,542.73
Food and Beverage (including Welcome Reception and Farewell Dinner) 10,890.00 -8,164.19 2,725.81
Meeting Room expenses 3,371.59 -1,368.92 2,002.67
Activities 7,260.00 -4,276.00 2,984.00
Travel agent (including on-site staff expenses, flights and accommodation) 5,232.00 -5,104.50 127.50
Bank fees and exchange rate charges 0.00 -567.16 -567.16
Lisbon - Mandatory travel insurance 0.00 -385.00 -385.00
-53,977.35 19,590.64

Total allocation surplus: $30,777.65 (currently held at Balancer OpCo Limited)

Note: All of BLabs expenses were paid separately or split proportionally by the number of contributors. The DAO Treasury hasn’t paid for any expense for Balancer Labs or its employees.