Motivation

Based Loans aspires to become the leading money market for the under-served coins. To achieve that, we need to hire a dedicated team that will lead the protocol.

Many blockchain protocols have taken a similar approach. Sushi, for example, have hired a team of core developers, the decision that has led to their tremendous growth.

This proposal is inspired by Sushi’s approach.

Our Approach

Our first challenge has been to find a top-tier team that buys into our vision and is ready to dedicate themselves entirely to Based Loans. The second challenge was finding the financial resources to pay salaries while not having to sell tokens over the counter to interested investors.

After many days of careful searching and interviewing, we have found a highly skilled team of six individuals who have agreed to take on the responsibility of leading the protocol and receive their pay fully in Based Loans Ownership tokens ($BLO).

We believe paying the team in $BLO aligns the interest of the team and community: the team is now fully dedicated to innovating, shipping product fast, and creating a solid market position, believing it will lead to a significant increase in the token value, reflecting positively on the community and token holders.

Voting

You are voting to allocate resources to:

1- Fill in 6 positions

2- Allocate operational budget

FOR: Based Loans will have a dedicated leadership team that will work with the community hand in hand to take the protocol to a leading market position.

AGAINST: Token holders will need to find another organizational mechanism to lead technology, product, and marketing.

Job Position

Ghoul.sol: Chief Technology Officer (CTO)

As most of you know, I'm one of the founding ghouls. I've been handling all our smart contracts needs since pool 0. I've been leading the technology, assembling the rock-star team for Based Loans, and writing smart contracts from the beginning. The team asked me to assume a CTO position and I'm happy to do so if y'all have me. Cheers!

Semi-annual Compensation: 1,170,000 BLO

Muerto_mariachi: Lead Full Stack Engineer

Muerto_mariachi is an expert full-stack engineer with three years of experience in developing blockchain dapps along with hackathon successes including an ETHGlobal win. He brings over a decade of corporate success in development, architecture, and leadership. He has led product development teams, served as a chief architect for a product company, and led multiple technology projects for large organizations.

Semi-annual Compensation: 1,021,000 BLO

Ghoul.nun: Chief Growth Officer (CGO)

Growth is a function that spans marketing, product, and business development. The role is responsible for achieving constant growth in success metrics. Ghoul.nun has been carrying out the role. He recently proposed a growth strategy for Based Loans. He comes from the tech startup world with over 10 years of leading growth hacking teams.

Semi-annual Compensation: 765,900 BLO

Fantasghoul: Technical Product Manager

Fantasghoul has been developing and managing Ethereum Enterprise and Open Source projects for many years. Working on Ethereum since 2015, he has been a champion of the Based vision from the beginning.

Semi-annual Compensation: 319,000 BLO

SirPepeGhoul: Devops Engineer

SirPepeGhoul is also a founding ghoul. He has been with us from the very beginning. He has been handling DevOps needs for Based Loans (and based.money) from day one. We have never had an issue with our servers, even when hackers tried to bring our website down (yep, it did happen, it was a long night). He will continue assuming his role in a part-time capacity. He is an expert DevOps engineer with years of technical experience.

Semi-annual Compensation: 130,000 BLO

Onederghoul: Product Designer (UI/UX)

Onederghoul is a product designer that will own all aspects of UX design for Based Loans. He comes equipped with years of experience with the latest UI/UX trends along with a good understanding of our “degenerate approach to design”. He will be working with the team on improving the lending/borrowing application and designing user interfaces and flows for desktop and mobile devices.

Semi-annual Compensation: 425,500 BLO

Methodology

• Salaries are determined based on the market price in the US.
• BLO amounts are determined based on market price. Rate chosen for this voting is $0.1175 per BLO.
• Salaries are paid strictly in $BLO.
• Each salary is streamed on sablier.finance.
• 1-month vesting is applied on each stream in case of a misfit hire.
• The duration of each hiring contract is 6 months renewable upon voting a new proposal.

Operating Expenses Budget

The team would like to have an operating budget to cover recurring expenses for the next 6 to 12 months. Expenses include, hosting, dev tools, freelance payments, and more. All recurring expenses have so far been paid by the founding team and few community members.

Having the budget available to the team, similar to what other projects do, helps move the protocol fast and prevent delays in carrying out important tasks.

Budget (6-12 Months) : 600,000 BLO