Giveth Core Team Compensation - October 2023

Proposal Information

Proposal description:

For October 2023, contributors were paid in stable coins by Griff (DAI, 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 stable coins and asks for reimbursement here. Hopefully this process will cause upward pressure on the GIV price as our contributors use stable coins 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 41 Giveth contributors. Details of the paid contributors are as follows:

Name Hours for the month
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
Almond Full-time
Maryjaf Full-time
Suga Full-time
Griff Fixed (53h)
Giantkin 20
Kay 60
Nikola 45.00
Cotabe 160
Santi 16.5
Franco 62.5
Surbhi 155.77
Maye 29.25
Dani 122.25
Brohdi 1
Nicolas 160
Yass 15.13
Mo 112
Marko 24
Rodri 75.82
Heather 21
Freshelle 44.5
Ahmad 40
Tosin 80.55
Jake 27.5
Moe Shehab 62
Nico 62.5
Algene 74
Stee 54
Brichis 5.17
Kristofer 4.00
Skayaz 22.18

Please note that the hours reporting can be accessed by contributors in Clockify.

Funding Information

For this month, Giveth earned $13,374.66 from the technical partnership with General Magic (GM). Non-technical work for GM projects have the same invoicing arrangement.

:pray:t4: Praise to these Giveth Unicorns who brought in revenue to Giveth through providing their services to GM:

  • Moenick
  • Alireza
  • Mitch
  • Mateo
  • Ramin
  • Maryjaf
  • Suga
  • Kay
  • Mo
  • Cotabe
  • Santi
  • Franco
  • Surbhi

On a separate note, the compensation of GM contributors 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. If there’s any excess, GM will need to pay Giveth any amount due.

To summarize this month’s figures:

Description Amount
Giveth contributors only cost $88,542.83
GM contributors working in Giveth $20,248.24
Total Giveth Compensation cost $108,791.07
Less: Revenue (Giveth contributors working in GM) -$13,374.66
Add: Monthly Clockify Subscription (Giveth portion paid by GM) $250.78
Total amount requested: $95,667.20

GM <> Giveth Accounting Summary

Description Amount
Giveth contributors working in GM) $13,374.66
GM contributors working in Giveth $20,248.24
Monthly Clockify Subscription (paid by GM) $250.78
Giveth needs to pay GM* $7,124.36

As brought up here, it is proposed to reimburse Griff 80% in stable coins and 20% in GIV tokens.

  • Amount of stable tokens requested (80%): $76,583.91 worth of stable coins on Mainnet (including Clockify monthly subscription)
    Ethereum address where stable coins shall be transferred: 0x13071f225159f6D75fa9A850c5a1bE6d2DDa586D

  • Amount of GIV requested (20%): $19,083.28 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 $95,667.20 Giveth Core Team Compensation (October 2023) Payment

  • Yes
  • No

0 voters


(1) The GIV token portion is up for voting here ($19,083.28)!
Gnosis chain nrGIV signers please sign :writing_hand:t4: @renjer @karmaticacid @Griff @Giantkin @WhyldWanderer @mitch

19,083.28 USD requested

GIV price - 0.00948609471450153
Block number - 31173339
19,083.28 ÷ 0.00948609471450153
2,011,710.88570591 GIV requested

The stable coins portion (total $76,583.91) is up for voting:
(2) Multisig transaction request first part here ($71,930.46)


(3) Multisig transaction request second part here ($4,653.45)