bubbidubb Thanks for your comments!! I'll try to reply as organized as possible!
6 month Job Security:
-I hear what you're saying about remote work and not uprooting, but on the flip side this is not tradfi, its defi, the wild west of crypto. There are no health benefits, no PTO, no retirement matches that you'd get in a more traditional place of contribution. We allocate in our native token.
And in this plan there is still a need for contributors to stick to the same output level of contribution, its not a given that they'd receive the same allocations for 6 months regardless. We have a great team and after the process of reducing the number of contributors I think it's important that we now offer some security. I've seen quite a few other projects offering 12m contracts so the truth of the matter is that we will have contributors move on if this doesn't change.
Nobody wants to contribute all month and not know what their allocations will be, it's not sustainable. And the DAO needs to be able to forecast out it's spend. If we have contributor losses we will have to contract out the work which will be more costly and take more time for products to ship. I think it's underestimated the number of hours contributors spend, often at uncomfortable times of the day, to make syncs times and complete tasks. DeFi is global and therefore 24/7 something is happening in the DAO.
The 2.1 figure would be based on hitting all of our goals, which would indicate strong protocol health and a growing treasury, thus increasing the runway. For the sake of the modeling I didn't include any treasury growth in calculating those figures. What costs would you suggest cutting and what is a more appropriate runway in your mind? Should there be pause/check in period in 6-12 months to assess?
A. With all due respect, treasury growth is largely impacted by changes in value of our treasury holdings as well as broader market conditions. We anticipate further challenges on this front and additionally are utilizing inverse bonds which have an impact our treasury size. To increase treasury despite these factors is no small feat. Again, what metric would you propose here?
B-D+ let me see if I can tap in shadow or Jala here.
-Will be paid out in gOHM but measured in USD, as allocations have been. We debated a plan that had all bonus amounts calculated in gOHM but that lends itself to paying out much higher allocations and bonuses than anticipated, if there were to be a rally, and creates the inability to calculate runway.
Nowhere on here does it say anything about paying in USD, I will be sure to specify that it's in gOHM but figured it was understood as it's the precedent that's been set. Once again, I want to point out that if all bonuses are hit, as needed to get that payout, all community members will also be benefiting from the protocol's performance. DAO members are community members too, please be respectful.
All compensation payouts are shared in the data studio that is updated monthly. This is straightforward to read and we have a further explanation of expenses that will be published in the quarterly report. I'd like to say that there is a lot of integrity shown by publishing these figures and updating them monthly. This is the definition of transparency.