Giveth Core Team Compensation - June 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
Algene 69
Ali 74.38
Alireza 210
Almond 161
Amin 95
Anamarija 8
Ashley 145.65
Carlos 160
Cherik 178
Daniela 14.07
Freshelle 33.30
Giantkin 20
Griff 94.83
Heather 25
Ian 21
Jake 78
Kareem 36
Kay 60
Kieran 156.50
kkechy 36.67
Krati 19.33
Latifat 25
Lauren 144
Lovel 24.18
Lulu 7.50
Marcelo 38.50
Maryjaf 168.17
Mateo 160
Meriem 159.27
Mitch 153
Mo 121.97
Moenick 180.50
MoeShehab 128
Mohammad Ranjbar 159
Nico 12.72
Nicolas 160
Nikola 60.58
Ramin 161
Rodri 58.40
Shyne 20.77
Stee 8.25
Tosin 26.30
William 51.63
Youssef 70

Funding Details

Total Compensation for the month 112,055.81
Less: Cost of Giveth in GM 11,489.96
Giveth Compensation Cost 100,565.84
Add: Clockify subscription paid by GM 227.88
Total Cost for the month 100,793.73

Amount requested from grants.giv.eth and 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 - $82,654.86
  • GIV Compensation - $18,138.88 / 2,308,529.66 GIV
  • GIV Price at time of distribution - $0.00785733
  • GIV Price via Coingecko Jul 8, 2024, 22:08:24 GMT+8

Working Group Cost Breakdown

WG Cost for the Month in USD
DApp WG 43,952.73*
DAO Ops WG 6,944.20
Quadratic Funding (QF) WG 20,596.86
GIVeconomy WG 22,961.86
Fundraising WG 5,864.34
QACC 246.63
Total Giveth Compensation Cost 100,566.62

*Note: There is a $0.39 difference in Clockify vs. actual amount paid due to rounding off differences.

GIV Equity Distribution

Following the recently approved equity distribution plan, we distributed $9,000.20 worth of GIV tokens as equity to the contributors who opted to partially receive their monthly compensation in $GIV tokens.

Month June 2024
Equity distribution in USD $9,084.58
GIV Price at time of distribution $0.00785733
GIV Price via Coingecko Jul 8, 2024, 22:08:24 GMT+8
Total GIV sent for Distribution 1,156,192.13
Transaction Link here

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.

Gas Fees Reimbursement

Included in this batch of payments were gas fees reimbursement which were paid out in stables. Details are submitted in Clockify as an expense request with supporting transaction lists. These are the details:

  • Moenick (DApp WG) - $35
  • Marcelo (Fundraising WG) - $34.45
  • Freshelle (DAO Ops WG) - $10.88