This proposed CGP describes the scope, engagement, and compensation of Community Leaders who are tasked with providing necessary support functions for the Connext community in an effort to keep community operations running and to monitor the completion of projects and tasks.
With the NEXT token having launched, we propose an updated compensation structure for Community Leaders. Before the token launch, Community Leaders were compensated by Proxima Labs (formerly Connext Labs Inc.) via USDC Superfluid stream. This proposal is designed to shift the compensation into the hands of the Connext DAO as a decentralized, community-governed entity in the ecosystem.
Community Leaders are Core Contributors to the Connext ecosystem as per the DAO Docs and focus on the areas of community management, education, user support, and marketing. As such, Community Leaders provide essential functionalities for developing and growing the Connext ecosystem. This CGP provides Community Leaders with the funds necessary to help meaningfully grow the Connext ecosystem.
HIT CHARACTER LIMIT - SEE RFC
The mission of the Community Leaders as a sub-DAO within the Connext ecosystem is as follows:
This CGP proposes a compensation structure that is based on the role of a Community Leader and their compensation tier. To ensure fairness and transparency, this proposal maintains the same compensation structure that was previously used by Connext Labs Inc. for incentivizing community contributors.
Incidental Contributors: Negotiable COD
After the enactment of this proposal, we expect the fixed payment Community Leader team to consist of:
Additional Ambassadorship opportunities will be based on an Incentivized model, to be paid via the Community Treasury.
Engagement of administrators, moderators, ambassadors, and other contributors is regularly evaluated based on a set of KPIs. The following provides an overview of what each group of Community Leaders is doing on a regular, day-to-day basis.
The following provides an excerpt of the KPIs that are used:
The following provides an overview of the objectives of the Community Leaders for the upcoming quarter:
The Community Administrator Committee produces budgets which shall include details for the following:
The DAO budget shall subsequently be submitted to the Connext DAO as a request for funding. The Committee shall produce underpinning justification for the budget to the Connext DAO.
CL compensation will be distributed via SuperFluid on an ongoing basis, and adjusted monthly to rebalance based on market conditions.
The Community Admin Committee is in charge of the funds and their distribution. All CL multi-signature approvals will be conducted with a minimum of three (3) signatures, and the Community Admin Committee (Andy, Grraarrgghh, Stefan, and Tommy) will have hardware wallets used only for the purposes of this multisig.
This proposal follows the recommended structure outlined in the DAO Docs. Initially, we are looking for comments about the proposal from the community. If necessary, changes to the proposal will be implemented.
The RFC phase will be followed by the vote. After the RFC phase, the multisig funding transaction will be included in the Snapshot vote making this an executable proposal.
This proposal requests a quarterly budget of 295,000 NEXT tokens and a one time retroactive compensation of 147,522 NEXT, totaling 442,522 NEXT. Administrators, moderators, and ambassadors will not receive a higher monthly compensation than their agreed monthly compensation.
Important note: At the end of each quarter, unspent NEXT will be rolled over to the next quarter. The DAO can also vote to request that unspent NEXT be returned. Under no circumstances will unspent NEXT be distributed among Community Leaders.
The ask is that the Connext DAO covers the funding below:
| Item | Funding (NEXT) | Description |
|---|---|---|
| Base Compensation | 120,000 | Quarterly base compensation available for CAs & Mods |
| Buffer | 50,000 | Buffer for adjustments based on price fluctuations |
| Community Treasury | 125,000 | Incentivized payment purse for Ambassadorship projects and events |
| Total | 295,000 | Total costs |
The monthly compensation breaks down to 5,714.28 NEXT per Community Administrator and 2,857.14 NEXT per Community Moderator/Ambassador, totalling 40,000 NEXT per month. Fixed compensation for the entire quarter therefore is 120,000 NEXT (assuming NEXT price remains at $0.30). Fixed compensation will be revisited every month and adjusted as necessary.
Additionally, the Buffer and Community Treasury funds may be used to cover Community Leadership operational expenses (such as software licenses).
On the first day of each month, we will calculate the # NEXT to be distributed, using the average closing price of NEXT from the previous 7 days, as listed on Coingecko.
Tokens not used for fixed compensation, specifically the 125,000 NEXT in the Community Treasury, will be used to incentivize Ambassadorship projects and events.
In light of the token launch, Connext Labs Inc. (now Proxima Labs) stopped the compensation streams as of the 24th of September, however many of the community contributors continued with their operations and provided value to Connext as usual. For this reason, we are proposing a one-time, retroactive payment covering the compensation for the missed time (2 months for former members, 3 months for the rest) to all incentivized members of the Community Leader team that are still active in the community. This includes:
The ask is that the Connext DAO covers the costs below:
| Item | Funding (NEXT) | Description |
|---|---|---|
| Community Administrator | 92,571 | One-time, retroactive compensation of CAs |
| Community Moderator | 46,285 | One-time, retroactive compensation of Moderators |
| Ambassador | 8,667 | One-time, retroactive compensation of Ambassadors |
| Total | 147,523 | Total costs = compensation + gas costs |
Community Administrators will oversee the process of onboarding and offboarding administrators, moderators, and ambassadors. As such, Community Administrators identify suitable individuals and assist them in performing their role in the Connext ecosystem.