> For the complete documentation index, see [llms.txt](https://budgetcommittee.docs.intersectmbo.org/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://budgetcommittee.docs.intersectmbo.org/archive/2024-updates/october-monthly-update/weekly-catchup-21-10-2024.md). # Weekly Catchup \[21/10/2024] The Budget Committee discussed three main topics: 1. Dubai Presentation Plans: * The Committee plans to present a proposed Treasury withdrawal range of 300-500 million ADA * The presentation will outline high-level goals and committee work types, without specific budget allocations * There was discussion about managing the withdrawal's impact on ADA price * The plan involves gradual conversion to fiat/stablecoins rather than a single large conversion * Historical data suggests Treasury withdrawals have not significantly impacted ADA price 2. Technical Consortium Discussion: * A proposal was discussed regarding a technical consortium involving IOG and 15-20 partner companies * Questions were raised about how this would integrate with Technical Steering Committee (TSC) decision-making * Key concerns included: * Process for adding new engineering suppliers * Management of engineering hours allocation * Relationship between consortium and TSC authority * The committee agreed more documentation and clarification is needed 3. Treasury Working Group: * Discussion of forming a treasury working group including experts from different organizations * Agreement to include regular reporting to the Budget Committee * Plans to engage multiple auditors for financial and treasury management * Focus on transparency and communication with the broader community Additional points covered included discussion of onboarding new members and the decision to rely on a code of conduct rather than NDAs for managing confidential information. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://budgetcommittee.docs.intersectmbo.org/archive/2024-updates/october-monthly-update/weekly-catchup-21-10-2024.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.