Proposal Information
Proposal description:
For April 2023, contributors were paid in stablecoins by Griff (xDAI on Gnosis, BOB and USDT on Polygon). This is a proposal requesting reimbursement.
Proposal Rationale:
Griff is a GIV maxi, and to facilitate the payments of stable tokens to our contributors while we still build a better treasury management system, he pays people in xDai and asks for reimbursement here. Hopefully this process will cause upward pressure on the GIV price as our contributors use xDai to buy GIV, instead of the opposite, where our contributors get paid in GIV and then sell the GIV to pay bills.
Also, while we sort out a streamlined process for payments, we believe this is the efficient way of paying people on time and without delay. Should there be better alternatives, your suggestions and feedback would be greatly appreciated.
Team Information
For this month, we paid 40 Giveth contributors. Details of the paid contributors are as follows:
With Role Proposals: Griff, Lauren, Mateo, Ashley, Amin, Mohammad Ranjbar, Moenick, Carlos, Kay, Alireza, Cherik, Ramin, Corinna, Almond, Jake, Suga, Giantkin, Claire, Nikola, Cotabe, Santi, Franco, Maryjaf, Toraif, Mo, Mitch, Marko, Rodri, Heather, Freshelle, Ahmad, Tosin, Yass, Moe Shehab, Nico, Algene
Under Trial Period or with pending Role Proposal:
| Name | Number of Hours | Contribution/role/task |
|---|---|---|
| Brichis | 24.44 | Communitas, Development, Fundraising, DAO, Rewards, Giveth Events, GIVeconomy Development, AI April, Self-Development / WG independent / Misc |
Very part time / project-based contributors (may not need Role Proposals):
| Name | Number of Hours | Contribution/role/task |
|---|---|---|
| Brodhisattva | 2 | Security |
| Stee | 4 | Communications WG (Twitter) - Content strategy (fixed rate) |
| Judith | 13 | Youtube video proposal for new image |
Please note that hours reporting can be freely accessed by any member in Coda.
Audit Adjustments
After doing some auditing, I have overlooked some hourly rates that are not updated. Some contributors’ had changes in hourly rates which were not reflected in the previous computation. For transparency purposes, the amount below will be included on top compensation cost for April 2023. To summarize, this is the breakdown of retroactive cost:
| Month | Amount |
|---|---|
| May 2022 | 762.72 |
| Jun 2022 | 762.72 |
| Jul 2022 | 283.30 |
| Aug 2022 | 283.30 |
| Sep 2022 | 283.30 |
| Oct 2022 | 236.08 |
| Nov 2022 | 384.28 |
| Dec 2022 | 333.06 |
| Jan 2023 | 427.18 |
| Feb 2023 | 653.38 |
| Mar 2023 | (280.00) |
| Total | 4,129.31 |
Funding Information
From February to April 2023, Giveth earned $5,399.74 from the technical partnership with General Magic (GM). This is the Giveth team who provided their services to General Magic: Ramin, Suga, Mohammad, Jake, Moenick
On a separate note, the compensation of GM members who works for Giveth goes to the GM wallet (this is indicated in each of their Giveth work agreements). Instead of Giveth receiving the revenue earned, this will be deducted from the amount that Giveth pays to GM contributors.
To summarize:
Total Giveth April compensation cost: $101,736.66
Less Feb-Mar Revenue earned from GM: $5,399.74
Add Retroactive cost: $4,129.31
Total amount requested: $100,466.23
As agreed here, we will be reimbursing Griff 50% in stables and 50% in GIV tokens.
Amount of stable tokens requested: $50,233.11 worth of DAI on Mainnet
Amount of GIV requested: $50,233.11 worth of GIV
The amount requested will be from nrGIV in GIV tokens at the spot price when the vote is created.
Ethereum address where funds shall be transferred: 0x839395e20bbB182fa440d08F850E6c7A8f6F0780
Approve $100,466.23 Compensation Payment (April 2023)
- Yes
- No
0 voters
Approve $4,129.31 Retroactive Cost Payment
- Yes
- No
0 voters