• © Goverland Inc. 2026
  • v1.0.3
  • Privacy Policy
  • Terms of Use
AbachiAbachiby0xde6EA9A2992df0DFa3Ca5Cf09F9f7c25929303420xde6E…0342

[ABIP-14] - Pay all contributors and Team Only in pABI / veGABI

Voting ended over 3 years agoSucceeded

Summary

Currently the team and contributors are paid in ABI. The proposal will pay them pABI which can be staked for veGABI. This ensures the team is aligned for the long run and their tokens will vest with the other pABI unlocks.

Motivation The team monthly overhead for Abachi is currently still quite low. We are spending roughly 22k - 25k per month in overhead costs. This means that the team is well under normal industry rates and is compensated monthly in ABI. Currently we pay 1000 ABI per month to contributors and all of these are funded by the Abachi Labs treasury.

Since we are reducing emissions and looking to put forth inverse bonds, everyone in the team and contributors has given a soft approval to lock their tokens which are paid as monthly compensation. They will now be paid in pABI instead of ABI which they can lock for veGABI.

All contributors are paid a USD portion also, which incentivizes them in short term.

Methodology Simple change, just pay in pABI instead of ABI. No other changes as part of the proposal and payments are uniformly 100 pABI per core contributor per month.

Off-Chain Vote

Agree
19.91K ABI84.4%
Disagree
3.68K ABI15.6%
Quorum:4718%
Download mobile app to vote

Discussion

Abachi[ABIP-14] - Pay all contributors and Team Only in pABI / veGABI

Timeline

Sep 29, 2022Proposal created
Sep 29, 2022Proposal vote started
Oct 01, 2022Proposal vote ended
Oct 26, 2023Proposal updated