Giveth Core Team Compensation - August 2024

August 2024

Funding Information

Funding description:

This is a funding proposal to pay for contributor monthly compensation. However, due to the tight deadline set for this month’s payment, payments were already processed and this forum post serves as an information on the list of contributors paid for the month.

Funding Rationale:

The funds spent paid for the contributors who keep Giveth running as it is. :rocket:

Detailed goals, deliverables and budgeting can be found in working group proposals.

Team Information

Name Hours
Alireza 174.00
Almond 168.00
Amin 128.75
Ashley 144.98
Carlos 176.00
Cherik 188.25
Giantkin 20.00
Griff 65.00
Ian 121.50
Kay 100.00
Kieran 163.50
Lauren 167.50
Maryjaf 157.17
Mateo 58.00
Mitch 170.50
Mo 145.78
Moenick 162.50
Mohammad Ranjbar 170.00
Nicolas 160.00
Nikola 51.00
Ramin 161.00
William 42.50
Ali 31.78
Algene 70.25
Anamarija 9
Aubree 61.00
Ben 19.50
Freshelle 32.03
Guil 11
Heather 15
Hrithik 78.5
Jake 124
kkechy 58.10
Krati 11.67
Kristina 19.62
Latifat 116.67
Lliam 27.00
Lovel 15.57
Lulu 3.00
Marcelo 23.58
Meloni 24.25
Meriem 203.48
MoeShehab 60
Nico 43.47
Paulo 20.27
Rafael 61.20
Roberto 9.50
Rodri 18.00
Shyne 28.40
Stee 15.00
Tosin 83.92
Youssef 8

Funding Details

Total Compensation for the month 121,757.08
Less: Cost of Giveth in GM 19,322.01
Giveth Compensation Cost 102,435.07
Add: Clockify subscription paid by GM 221.97
Total Cost for the month 102,657.04

Amount requested from grants.giv.eth

Ethereum address where payments were processed: 0x01d1909cA27E364904934849eab8399532dd5c8b

Ethereum addresses where funds were transferred: To each contributor’s address. For contributors whose contracts are with General Magic, their payment goes to generalmagic.eth

Note that no mark-up was applied for GM contributors working in Giveth. The amounts charged are all at cost.

Compensation Breakdown

This month, contributors had the option to receive compensation partially in stable tokens and in GIV. Here’s the breakdown of the totals:

  • Stable Compensation - $79,712.62
  • GIV Compensation - $22,722.44 / 3,859,267.79 GIV
  • GIV Price at time of distribution - $0.00588776
  • GIV Price via Coingecko Sep 11, 2024, 00:14:37 GMT+8

GIV Equity Distribution

Following the recently approved equity distribution plan, we distributed $11,987.33 worth of GIV tokens as equity to the contributors who opted to partially receive their monthly compensation in $GIV tokens.

Month August 2024
Equity distribution in USD $11,987.33
GIV Price at time of distribution $0.00588776
GIV Price via Coingecko Sep 11, 2024, 00:14:37 GMT+8
Total GIV sent for Distribution 2,035,975.06
Transaction Link here

Working Group Cost Breakdown

WG Cost for the Month in USD
DApp WG 43,550.82
DAO Ops WG 5,662.85
Quadratic Funding (QF) WG 19,506.00
GIVeconomy WG 24,990.04
Fundraising WG 6,358.82
QACC 2,366.54
Total Giveth Compensation Cost 102,435.07

*Note: There is a $1.36 difference in Clockify vs. actual amount paid due to rounding off differences.

Here’s a month-by-month breakdown of expenses for 2024


Summary report links:

  • Breakdown of costs per WG can be found here.
  • Breakdown of WG hours per contributor and description can be found here.

Adjustments

Following through on last month’s post, here’s the summary of the adjustments that we have made this month, including the net amount paid after these changes -

Description USD Value GIV Token
Stables Compensation for August $79,712.62 -
Plus: Underpayment to GM for July $24.38 -
Total Stables paid in August: $79,737.00 -
GIV Compensation for August $22,722.44 3,859,267.79
Less: Overpayment to GM for July - $459.38 - 79,127.28
Total GIV Compensation paid in August: $22,263.06 3,780,140.51
GIV Equity/Bonus for August $11,987.33 2,035,975.06
Less: Overpayment to GM for July - $196.88 - 33,911.69
Total GIV Equity/Bonus paid in August: $11,790.45 2,002,063.37
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Wow I had no idea how many people are required to maintain a resource like Giveth. Astounding to see itemized with such transparency. Thank you all for each of your efforts. :mouse::pray::v: Thank you @Shyne for such a detailed report. :smiling_face:

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