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Know Your MIP | MIP40 (Budget Framework) Amendments

Forum Post: https://forum.makerdao.com/t/amended-mip40-important-information-for-core-units/15450

⬇ About ⬇

In the latest development in the ongoing discussion about Core Unit budgeting, MIP40 defines a framework for managing and modifying Core Unit budgets and has been amended with several substantial changes.

Some primary changes include:

– Budget Submission Windows: Budget Submission Windows is a new aspect of Core Unit budgets outlined by MIP40. Budget requests can only be submitted quarterly in March, June, September, and November.

– Budget Start and End Dates: Budgets now have a maximum duration of 12 months and cannot start later than three months after being formally submitted.

– Budget Composition: Budget requests are now required to provide more specific details

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