Purpose:

This grant is to award funds to Baoman (founder) and Rocky BAOboa (front end/SRE dev) for working on the protocol.

While the devs earn founder grants those are like owning company equity that is mostly locked for 4 years, and we should provide them a salary payment. Both devs have agreed to lock up their funds in pools rather than selling them for ETH right away.

Details:

Baoman will be granted 2B $BAO ($12k~) from the dev fund.

• 50% must be staked or held for one year.
• 25% must be staked or held for six months.
• 25% may be sold to cover the cost of staking.

Rocky BAOboa will be granted 2B $BAO ($12k~) from the dev fund.

• 50% must be staked or held for one year.
• 25% must be staked or held for six months.
• 25% may be sold to cover the cost of staking.

Pros:

• These grants represent 2.17% of $BAO printed in the first week, a very small amount.
• Unlike normal dev teams both devs have agreed to stake most of their Bao for 6 months - 1 year.
• This ensures Bao has the team it needs to continue to develop.
• This grant is equivalent of giving each developer only $29k showing how much they believe in the future of the protocol.

Cons:

• Selling their Bao so they can stake will create a bit of downward pressure on the price.