# Giveth Core Team Compensation - June 2024

**URL:** <https://forum.giveth.io/t/giveth-core-team-compensation-june-2024/1490>\
**Category:** DAO Ops\
**Tags:** governance, core-compensation, contributors\
**Created:** [July 11, 2024, 12:31pm UTC](https://forum.giveth.io/t/giveth-core-team-compensation-june-2024/1490 "2024-07-11T12:31:07Z")\
**Posts on this page:** 1\
**Page:** 1

<div class="post-metadata">

**Author:** ![freshelle](https://forum.giveth.io/user_avatar/forum.giveth.io/freshelle/32/1033_2.png) [@freshelle](https://forum.giveth.io/u/freshelle)\
**Post date:** [July 11, 2024, 12:31pm UTC](https://forum.giveth.io/t/giveth-core-team-compensation-june-2024/1490/1 "2024-07-11T12:31:08Z")

</div>

## 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. 🚀

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 | 99.75 |

## Funding Details

| | |
| --- | --- |
| Total Compensation for the month | 112,661.22 |
| Less: Cost of Giveth in GM | 11,489.96 |
| Giveth Compensation Cost | 101,171.26 |
| Add: Clockify subscription paid by GM | 227.88 |
| Total Cost for the month | 101,399.14 |

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 - $83,260.27
- 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 | 23,567.27 |
| Fundraising WG | 5,864.34 |
| QACC | 246.63 |
| **Total Giveth Compensation Cost** | **101,172.03** |

\*_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](https://optimistic.etherscan.io/tx/0xcd26f9eaeeab3f07fc84e4c335fef6823ff227ecbe9c4cf41eda009f007d5814) |

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

 ![image](https://forum.giveth.io/uploads/default/original/2X/8/832a1578923ae4bec084df382e76068dccb629d7.png)

**Summary report links:**

- Breakdown of costs per WG can be found [here](https://app.clockify.me/shared/6616aad393b4391ce1e4221d).
- Breakdown of WG hours per contributor and description can be found [here](https://app.clockify.me/shared/663c990553fc8b5a4170a1ea).

### 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