[CES] OBRA: Initiatives Reporting Update - April

[Andre]

OBRA is based on streamed payments, which for now is handled as monthly payments. The control mechanism is that the DAO can terminate initiatives in the 4th sprint if the updates are not viewed as sufficient for progress. It’s currently the balance how to be flexible enough with pre-determined milestones (as was also brought up today in governance call) while having accountability. But agree in this it is different to a grants payout that is dependent on milestone achievement. This aspect however can be changed going forward.

@Andre

Payment terms: Initiatives are generally funded by streamed payments with a 4 weeks cliff period unless the sum of funds is < 10,000 USDC in which case payment may be made through a series of scheduled payments or as otherwise agreed upon. During the cliff period the payout can be terminated by the Safe Ecosystem Foundation in extreme cases, such as the project being inactive and not communicating.