Summary

Cerebrum DAO ("Cerebrum") is dedicated to advancing neuroscience biotech projects through decentralized collaboration. Cerebrum values the expertise of its members and seeks to provide compelling compensation opportunities for those who bring their talents to achieve our mission. To stimulate community engagement, we propose a transparent, merit-based, and goal-oriented compensation policy using both USDC and Cerebrum's native token, $NEURON. This compensation policy is designed to align contributors with the long-term growth and value creation of Cerebrum while seeking to optimize the supply of USDC in Cerebrum’s Treasury for funding.

Cerebrum aims to align neuroscientists, drug developers, funding contributors, brain health enthusiasts, and those with skills needed for its operational success to accelerate solutions for neurodegenerative diseases and overall brain health. This policy, therefore, aims to reward and incentivize increasing awareness, sourcing and translating high-quality neuroscience projects and developing science-based products and services.

Compensation Plan

Active and sustained engagement from our community members is essential to successfully pursue our vision and achieve our mission. It is also critical that Cerebrum is committed to the highest scientific standards and adherence to regulatory and reimbursement frameworks in the work we do.

Cerebrum Working Groups (“WGs”) aim to unite professionals to perform work across key functional areas of our network, which today include Community & Awareness, Translational Neuroscience, Brain Health Products, and Coordination & Operations. Within each WG structure, several roles exist in Cerebrum that are eligible for compensation, including various Squad leader and role positions.

Compensation Plan Principles

Cerebrum’s compensation policy is based on three core principles:

1. Transparency:

Critical to the success of any decentralized network organization, we commit to maintain open records of compensation decisions, criteria, and processes.

2. Meritocracy:

We reward contributors based on the quality and impact of their work and seek to promote a culture of excellence.

3. Alignment with Goals:

We incentivize and reward long-term commitment to Cerebrum’s mission and objectives through structured compensation plans, including the $NEURON token.

2024-25 Compensation Budget Allocations

Below is the budget we are approving to allocate for the Cerebrum Compensation Plan for the period from 01-September-2024 through 31-December-2025. If more USD(C) or $NEURON is required during this period of time, Cerebrum will need to approve the additional allocation through the Cerebrum DAO governance process, including an accounting of the use of the previously approved consideration and the rationale for the request for additional compensation budget.

• USDC Compensation Budget
  • $600,000 USDC Cap
  • Represents 37.5% of the current Cerebrum DAO Treasury held in liquid assets (ETH, WETH, USDC, and USD/CHF)
  • Value of ETH and WETH may go up or down based on the crypto markets
• $NEURON Governance Compensation Budget
  • 4.3 billion $NEURON Total
  • 5% of fully-diluted supply
  • 31.5% of existing circulating supply
    • NEURON Governance Budget
      • 430,000,000 $NEURON
    • NEURON QTA Governance Budget
      • 1,720,000,000 $NEURON
    • NEURON LTA Governance Budget
      • 2,150,000,000 $NEURON

While the above request for USDC compensation is a substantial percentage of the existing liquid treasury, it is vital for Cerebrum DAO’s mission to establish a strong foundation with the Core Team and each respective leadership position. It is also vital that each of those contributors is able to dedicate material time on a sustained basis daily and weekly to achieve our goals and objectives. This foundation is expected to drive significant $NEURON value appreciation and facilitate future fundraises to grow the liquid treasury to primarily fund Translational Neuroscience opportunities and Brain Health Product Partnerships. The Brain Health Product WG is focused on Cerebrum’s sustainability, creating revenue-generating opportunities through its partnerships. This will serve to fund the operating budget so that USDC compensation will be funded by ongoing product sales and operations.

The LTA governance budget, while significant, is reasonable for Cerebrum’s early stage of development to incentivize top-tier talent to take on leadership roles in the Core Team, and to align contributors with driving the value of $NEURON on behalf of all stakeholders. In traditional technology startups, a 20% LTA budget is not unreasonable. LTAs vest over 48 months with a 12-month cliff. Contributors who cease to serve Cerebrum in the originally intended capacity are subject to the termination of vesting contracts, allowing reclamation from Cerebrum in order to attract future talent.

Due to the length of this document and the restrictions of Discord Governance, please visit the following link to access the entire report: Cerebrum DAO Compensation Policy