Table of Contents

1. 🛠️ State of OBRA

OBRA is rolling along at full steam and, entering the second month, we’re pleased with how the new Contributor Efficiency System (CES) processes have been adopted and embraced by initiatives. To date, we’ve successfully onboarded ten initiatives whose reporting updates we’re excited to share below.

2. 📸 Program Snapshot

📑 Applications

• OBRA has received 17 total applications to date, 10 of which having been accepted into the program.
• Just under 90% of all applications covered Strategies 5, 3, and 2.
• Strategy 4 (Research decentralization of Safe tech stack) has still received 0 applications so far.

For ease of reference find the Strategies below:

[Strategy 1] Research and implement Safe token utility

[Strategy 2] Foster module ecosystem

[Strategy 3] Increase awareness of Safe Ecosystem

[Strategy 4] Research decentralization of Safe tech stack

[Strategy 5] Increase governance participation

Wildcard strategy

💰 Financial

Reporting date: May 31st, 2024

As of this reporting, OBRA has promised $547k in funds to onboarded initiatives to be transferred over their duration of operations. With an unforeseen finance delay which fell out of Safe’s control, all accounting invoices for initiatives from previous periods will be funded this period. Including backpay, the amount of funding to be distributed this period is $241k.