Orb is excited to provide the community with an updated three-month financial forecast, covering our Q2 forecast for April-June 2023.
The revised amounts represent the funding that Orb requests from the OpCo in lieu of its originally allocated budget, as a voluntary move to preserve Balancer’s runway and bolster the treasury’s stable assets.
April
- Original budget: 307,678 USDC
- Revised amount: 210,718
- Savings: 96,960 (31.5%)
May
- Original budget: 323,397 USDC
- Revised amount: 162,010
- Savings: 161,387 (49.9%)
June
- Original budget: 323,397 USDC
- Revised amount: 157,097
- Savings: 166,300 (51.4%)
Overall, we have cut Q2 spending by 44% for a total savings of 424,647 USDC.
Thank you to the community for trusting us to be good stewards of capital.
