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:
0x839395e20bbB182fa440d08F850E6c7A8f6F0780
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