Objective of this pre-proposal Dash Core Group has experienced significant losses of $269,085.92 (see edit below) over the past two months related to its fiat guarantee of the Feedbands $990,000 three-month proposal (https://www.dashcentral.org/p/scale-internet-ads-dashinformer). This pre-proposal seeks input from the community not on the issue of whether these losses should be reimbursed but whether the decision to reimburse should be put to a vote in an actual proposal to the network. General description of the circumstances Dash Core Group has engaged in providing escrow and fiat guarantees for interested projects. We believe fiat guarantees offer value to the Dash network. If, for example, a project has a 4-month term and most of its liabilities are denominated in fiat, then during a bear market in Dash, the necessary funding to finish the project may not be available. In these cases it may not be possible to complete the project and the entire initiative goes to waste. By accepting a fiat guarantee, the project ensures that it will have enough fiat to cover its liabilities and see the initiative through to completion. In the past Dash Core Group never put a proposal to the network for reimbursement related to losses stemming from fiat guarantees. We have provided fiat guarantees and generally maintained an appropriate cushion that allowed us to absorb losses. However, in this instance, due to a combination of a small cushion and the severity and speed of the cryptomarket pullback, we did not have enough cushion to absorb the losses without impacting our own marketing budget. Specifically, if we aren’t reimbursed for the fiat guarantee losses, we will need to reallocate funds from our own marketing proposals to cover the expense. Dash Core Group believes that it offers a valuable resource to the network by providing fiat guarantees. The central question here revolves around whether this is an appropriate proposal given the circumstances particularly since we retain and redeploy gains from fiat guarantees. Your feedback will also help inform us on whether to offer fiat guarantee on larger proposals in the future. Community Input We look forward to valuable input from the community on whether the Dash Core Group should put a proposal to the network to ask for reimbursement of the losses associated with the Feedbands fiat guarantee. Thank you in advance for your thoughtful feedback and perspective. EDIT: As I was preparing to post the actual proposal to the network I reviewed the numbers and realized that the loss from the hedge had been miscalculated. I did not use the correct dates for when the payments were made to calculate the loss. I have now edited the pre-proposal with the accurate number of $269,085.92. Below is the accurate calculation of the loss: The budget proposal was submitted to the network on February 14th at a price of Dash equal to $643.27. By the time the first network payment was distributed on March 4th, the price of Dash had dropped to $607.45 and by the time the first payment was invoiced and processed on March 8th, the rate was $454.31. The loss from providing the hedge for the first payment was $96,937.21. The second network distribution was April 3rd at a rate of $332.20 and was processed on April 11th at a rate of $307.70. The loss from providing the hedge for the second payment was $172,148.71.