Gitcoin was an early partner to Developer DAO and gave the DAO a grant whose purpose was to retain full-time core staff. Proposal P-9 sought to effect the Gitcoin grant by rewarding the full-time contributions of with-heart, Kempsterrrr, and RyanCoordinator in the form of 1,000 GTC per month, starting February 1, 2022, through the end of June, 2022. When the proposal was being contemplated, the price of GTC was $10, at the time of the passing of the P9 proposal, the price of GTC had dropped to $6, almost half the value. The spirit of P9 was that GTC would trade at around $10 and thus the Retained Core Staff would receive a compensation of roughly $10,000 per month ($10 x 1000GTC). The current price of GTC is now $2.33 meaning that the projected monthly income for Retained Core Staff has fallen from $10000 to $2330. That’s a 76.7% drop in income, that would make anyone uncomfortable. As Ryan stated in his comments on P-9, “Using GTC in this way is a short term measure to get us on stable footing and keep the lights on.”