Transaction: 5MDVgk1...EkYQ

{ "id": 3208, "labels": [], "body": { "name": "Budget approval for Fellowship Proposal by Bo Yao", "description": "Hi @bo.near,\n\nCongratulations! Your budget request was approved on behalf of the NEAR DevDAO. We are excited to sponsor your work and look forward to seeing the results.\n\n## Budget Details\n- **Reserved Amount:** $20,000\n\n\n## Releasing Funds\n\nTo release the funding, we have established a two-step process that allows us to keep track of the overall budget:\n\n**Approving Each Request**\n\n1. **Submit Funding Request:** @bo.near, as a fellowship leader, please instruct each contributor that you manage to write a Solution post on DevHub requesting the release of funds. It is important that they reference the link to this sponsorship post in their request.\n2. **Attestation:** @bo.near should reply with an “Attestation” post to approve the request.\n3. **Funding:** If the request is approved, DevDAO will reply with a “Sponsorship” post, noting the amount used and remaining, and proceed with the funding.\n\n**Issuing Funds**\n\n1. **New Funding Request:** Once a funding request is approved, A DevDAO Moderator will contact the recipient to collect the necessary information to initiate the funding request.\n2. **Information Collection:** Our legal team will send the recipient an email to initiate the KYC (Know Your Customer) application to ensure compliance. We may skip this step if the recipient already completed the KYC with us before. Once the KYC verification is complete, our legal team will send another email with instructions to create the final invoice.\n3. **Processing:** Our legal team will verify the application details to ensure compliance. They will send the recipient an email agreement requesting a signature.\n4. **Funded:** Once we receive the signed agreement, our finance team will send a test translation confirmation email. Once the recipient confirms the test transaction, we will distribute the funds and also post a link receipt on our funding board.\n\nTimeline: The entire funding process typically takes around 2 weeks to disburse the fund, but the timeline can vary depending on factors such as project complexity and required paperwork. If there are any delays or issues, the DevDAO Moderator will update the recipient.\n\nThank you again for your contribution and please let us know if you have any questions.", "amount": "20000", "sponsorship_token": { "NEP141": { "address": "usdt.tether-token.near" } }, "supervisor": "frol.near", "sponsorship_version": "V1", "post_type": "Sponsorship" } }