Giveth Core Team Compensation - June 2023

Proposal Information

Proposal description:

For June 2023, contributors were paid in stable coins by Griff (xDAI on Gnosis, BOB, DAI, USDC 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

In view of the subDAOification process, the DAO Ops team sees that Role Proposals may be irrelevant since WGs will ideally have the autonomy to add/remove members in their team. So I won’t be labeling the list below according to role proposals status.

For this month, we paid 38 Giveth contributors. Details of the paid contributors are as follows:

Name Number of Hours for the month
Griff Full-time
Lauren Full-time
Mateo Full-time
Ashley Full-time
Amin Full-time
Mohammad Ranjbar Full-time
Moenick Full-time
Carlos Full-time
Alireza Full-time
Cherik Full-time
Ramin Full-time
Corinna Full-time
Almond* Full-time
Suga Full-time
Giantkin 20
Kay 61
Claire** 8
Nikola 70.72
Cotabe 169.69
Santi 22
Franco 80.5
Maryjaf 63
Brodhisattva*** 1.25
Mo 97.18
Mitch 92.33
Marko 14
Rodri 71.95
Heather 39
Freshelle 45
Ahmad 40
Tosin 73.28
Jake 27
Yass 26.03
Moe Shehab 84
Nico 48.67
Algene 33
Stee 24
Brichis 8.917

*Plus $60 reimbursement to one of the ambassadors for printing of banner
**This is for May 2023 hours (last pay)
***May and June hours

Please note that most of the hours reporting can be easily accessed by contributors in Clockify, while all final hours can be found in this sheet.

We have unpaid contributors for this month. We will pay them in the next month since hours are too minimal or is preferred by the contributor: Toraif

Funding Information

For June 2023, Giveth earned $26,447.38 from the technical partnership with General Magic (GM). Non-developer contributors who are working with GM projects have the same invoicing arrangement.

:pray:t4: Praise to these Giveth Unicorns who brought in revenue to Giveth through providing their services to GM:

  • Suga
  • Alireza*
  • Amin
  • Cherik
  • Mohammad Ranjbar
  • Mateo*
  • Mo*
  • Cotabe
  • Maryjaf
  • Ramin
  • Kay**
  • Moenick***

*Client didn’t pay GM yet for the projects they worked on, but revenue that Giveth should have earned is already included in the figures above.
**Client didn’t pay GM yet for the projects they worked on, but revenue that Giveth should have earned is NOT YET included in the figures above.
**Pending time report. Revenue earned not yet included in the figures above. This will be added next period.

On a separate note, the compensation of GM contributors 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. If there’s any excess, GM will need to pay Giveth any amount due.

To summarize June 2023 figures:

Description Amount
Giveth contributors only cost $75,074.69
GM contributors working in Giveth $23,815.18
Total Giveth Compensation cost $98,889.87
Less: Revenue (Giveth contributors working in GM) -$26,447.38
Total amount requested: $72,442.49

GM <> Giveth Accounting Summary

Description Amount
Giveth members working in GM $26,447.38
GM members working in Giveth $23,815.18
GM needs to pay Giveth $2,632.20

General Magic already paid 2,632.20 USDC to giv.eth earlier today!

As agreed here, we will be reimbursing Griff 50% in stables and 50% in GIV tokens.

  • Amount of stable tokens requested: $36,221.24 worth of DAI on Mainnet
    Ethereum address where stable coins shall be transferred: 0x09eF81A00b0DFe589AB88b2b21B58b407F3a5188

  • Amount of GIV requested: $36,221.24 worth of GIV
    Ethereum address where GIV shall be transferred: 0x839395e20bbB182fa440d08F850E6c7A8f6F0780
    The amount requested will be from nrGIV in GIV tokens at the spot price when the vote is created.

Approve net $72,442.49 Giveth Core Team Compensation (June 2023) Payment

  • Yes
  • No

0 voters

1 Like

(1) The multisig transaction is up for voting here!

(2) nrGIV portion is up for voting here!

36,221.24 - DAI requested
GIV price - 0.00948854539438532
Block number - 29112474
36,221.24 ÷ 0.00948854539438532
3,817,364.88518391 GIV requested