Giveth Core Team Compensation - March 2023

Proposal Information

Proposal description:

For March 2023, contributors were paid in stablecoins by Griff (DAI and USDT on Mainnet, xDAI on Gnosis, BOB 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, Mateo, Lauren, Ashley, Amin, Mohammad Ranjbar, Moenick, Carlos, Kay, Alireza, Cherik, Ramin, Corinna, Almond, Suga, Jake, Claire, Nikola, Cotabe, Giantkin, Santi, Franco, Maryam, Toraif, Mo, Mitch, Marko, Rodri, Heather, Freshelle, Ahmad, Tosin, Yass, Moe Shehab, Nico, Algene

Very part time / project-based contributors (may not need Role Proposals):

Name Number of Hours for the month Contribution/role/task
Brodhisattva 2 Security
Stee 7 (fixed contract) Communications WG (Twitter) - Content strategy
Brichis 34.3 Communitas, Development, Fundraising, DAO, Rewards, Giveth Events, GIVeconomy Development, Self-Development / WG independent / Misc
Judith 15.5 POAPs animation. 4 new POAPs for giveth Event. Podcast image for social media and adapted for different formats. Presentation to explain DAO for new users, including new iconography and visual images.

Please note that hours reporting can be freely accessed by any member in Coda.

Funding Information

From December 2022 to February 2023, Giveth earned $2,696.85 from the technical partnership with General Magic (GM). This is the Giveth team who provided their services to General Magic:
Carlos, Jake, Ramin, Mohammad Ranjbar

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 Compensation Cost for March: $112,518.39
Less Dec-Feb Revenue earned from GM: $2,696.85
Amount of GIV requested: $109,821.54 worth of GIV

Ethereum address where funds shall be transferred: 0x839395e20bbB182fa440d08F850E6c7A8f6F0780

The amount requested will be from nrGIV in GIV tokens at the spot price when the vote is created.

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109,821.54 - DAI requested
GIV price - 0.0136232174705423
Block number - 27660070
109,821.54 ÷ 0.0136232174705423
8,061,351.16300308 GIV requested