Giveth Core Team Compensation - September 2023

Proposal Information

Proposal description:

For September 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 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 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 28
Giantkin 20
Kay 58
Nikola 72.85
Cotabe 145.35
Santi 3
Franco 105
Surbhi 132.35
Keshav 41.28
Dani 37.71
Brohdi 1
Mo 136.6
Mitch 135.08
Marko 11
Rodri 13.8
Heather 36
Freshelle 48
Ahmad 40
Tosin 87.75
Jake 25
Moe Shehab 108
Nicolas 80
Nico 54
Algene 51.06
Stee 52
Brichis 4.98
Pedro P 11.53
Vyvy-vi 3

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

Funding Information

For September 2023, Giveth earned $14,298.99 from the technical partnership with General Magic (GM). Non-developer contributors who are working with 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:

  • Amin
  • Cotabe
  • Franco
  • Mateo
  • Mo
  • Moenick
  • Ramin

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 September 2023 figures:

Description Amount
Giveth contributors only cost $61,595.87
GM contributors working in Giveth $30,237.00
Total Giveth Compensation cost $91,832.86
Less: Revenue (Giveth contributors working in GM) -$14,298.99
Total amount requested: $77,533.87

GM <> Giveth Accounting Summary

Description Amount
Giveth contributors working in GM $14,298.99
GM contributors working in Giveth $30,237.00
Giveth needs to pay GM $15,938.01

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

  • Amount of stable tokens requested: $38,766.94 worth of DAI on Mainnet
    Ethereum address where stable coins shall be transferred: 0x13071f225159f6D75fa9A850c5a1bE6d2DDa586D
    (This is a new wallet address)

  • Amount of GIV requested: $38,766.94 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 $77,533.87 Giveth Core Team Compensation (September 2023) Payment

  • Yes
  • No

0 voters


The multisig transaction is up for voting here !

1 Like

The nrGIV portion is up for voting here!
Gnosis chain nrGIV signers please sign :writing_hand:t4: @renjer @karmaticacid @Griff @Giantkin @WhyldWanderer @mitch

38,766.94 - DAI requested
GIV price - 0.00728767919812832
Block number - 30658656
38,766.94 ÷ 0.00728767919812832
5,319,517.90769775 GIV requested