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BasisDollarBasisDollarby0xF8E802f5adE72D09a601cebD027d00779f5f8C2B0xF8E8…8C2B

Compensation proposal for non-dev admins/mods (Formal Vote)

Voting ended about 5 years agoSucceeded

Basis Dollar's seed phase has now ended. This was the 4-week phase in which the initial emission of BSD via the seed bank farms was generated.

At this juncture, with this milestone reached, we would like to put forward a compensation proposal for the time & efforts of the 2 non-dev admins/mods on the project, for the period of time up to 15 Jan 2021, noon UTC.

They are: @markpui on Telegram (@markpui on Discord), started 18 Dec 2020. @jleony on Telegram (@sweetpotato on Discord), started 31 Dec 2020.

Work performed: @markpui generated an early set of documents & explainers, and has recently focused on facilitating structured governance. @jleony has focused on providing more admin/mod availability across different time zones, plus adds additional language capabilities to the team.

Proposed compensation: Equal payment for each, set at the community's choice of:

  1. 5,000 BSD each.
  2. 10,000 BSD each. Note: Both non-devs agreed to the equal pay mechanism, regardless of community's choice of (1) or (2), as they work well together and support each other.

Advantages:

  1. Compensate non-dev admins/mods for their time and efforts.
  2. All USDC and DAI (stable financial assets) are retained at the DAO.
  3. Rather than a fixed locked-in, recurring payment, the community can vote on payment to be made based on work performance (Pay-for-performance).

Disadvantages:

  1. This reduces the BSD balance (currently 78,949 BSD) held at the DAO https://etherscan.io/address/0x46262af08d6b795efb08b4a6e486208f889e0c60

Off-Chain Vote

YES: Pay 10k BSD each.
24.07 0.4%
YES: Pay 5k BSD each.
6.34K 98.4%
NO: Do not pay non-devs.
77.94 1.2%
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Timeline

Jan 15, 2021Proposal created
Jan 15, 2021Proposal vote started
Jan 18, 2021Proposal vote ended
Oct 26, 2023Proposal updated