Giveth Core Team Compensation - May 2023

Giveth Core Team Compensation - May 2023

Proposal Information

Proposal description:

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

For this month, we paid 37 Giveth contributors. Details of the paid contributors are as follows:

With Role Proposals:

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
Jake Full-time
Suga Full-time
Giantkin 20
Kay 61
Nikola 88.72
Cotabe 163
Santi 20
Franco 58.5
Maryjaf* 60
Mo 129.43
Mitch 104
Marko 16
Rodri 41
Heather 20
Freshelle 68
Ahmad 40
Tosin 107.5
Yass 23.62
Moe Shehab 80
Nico 71.5
Algene 27.5

*Plus $270 English classes allowance

Under Trial Period or with pending Role Proposal:

Name Number of Hours Contribution/role/task
Brichis 10.583 Aprendamos ReFi Podacst, Community and Governance Calls, Forum, GIVbacks Non recirc analysis, Rewards 1:1 call and quantification, Tokenomics Research (Liquidity review to add new tokens in Giveth [Optimism]), Bug report

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

Name Number of Hours Contribution/role/task
Stee 10 Communications WG (Twitter) - Content strategy (fixed monthly rate)
Kurt Feb to May hours approx. 30 hours Smart contract development support

Please note that hours reporting can be easily accessed by any member in Clockify.

Note: We have unpaid contributors for this month. We will pay them in the next month since hours are too minimal or with pending time reports:

  • Toraif
  • Brodhisattva
  • Claire

Funding Information

Revenue Earned

For May 2023, Giveth earned $6,627.33 from the technical partnership with General Magic (GM).
Praise to these Unicorns who brought in revenue to Giveth through providing their services to GM: @alireza7612 @JakeS @renjer @Suga @Cherik @amin @msaeedi @MoeNick

Note: Revenue earned from Moenick not yet included in the amount above (pending time report, this will be added next period)

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.

Summary of May 2023 figures

Total compensation cost 104,920.92
*Giveth cost only 81,779.01
*Giveth cost going to GM 23,141.91
Less Revenue earned from GM $6,627.33
Net amount requested: $98,293.59

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

  • Amount of stable tokens requested: $49,146.80 worth of DAI on Mainnet
    Ethereum address where stable coins shall be transferred: 0x09eF81A00b0DFe589AB88b2b21B58b407F3a5188

  • Amount of GIV tokens requested: $49,146.80 worth of GIV
    Ethereum address where GIV shall be transferred:
    The amount requested will be from nrGIV in GIV tokens at the spot price when the vote is created.

Approve net $98,293.59 Giveth Core Team Compensation (May 2023) Payment

  • Yes
  • No

0 voters


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

(2) nrGIV portion is up for voting here!

49,146.8 - DAI requested
GIV price - 0.0100945663142708
Block number - 28647678
49,146.8 ÷ 0.0100945663142708
4,868,639.0747189 GIV requested