FFIP-11: Extend Qhawe current PT Position

Author

Carlos Gomes

Summary

This proposal seeks to extend Qhawe current part time position in the FF core team, leading treasury and tokenomics for an additional 12 months.

Motivation

Forefront is entering a pivotal moment of growth and convergence, to ensure the long term success of the DAO and its initiatives we need to aggressively continue to secure high impact contributors.

As a treasury lead, and self-proclaimed USDC vigilant, Qhawe has been instrumental to Forefront’s growth and mission, leading several core initiatives including treasury and tokenomics strategies, token economies and Forefront’s overall DAO2DAO strategy.

In accordance with the scorecard laid out in a previous proposal and DAO priorities, we would like to extend Qhawe’s current position for an additional 12 months under a new revised compensation package consisting of fixed monthly comp and FF equity (via vested FF tokens).

Specifications

Compensation Scope

• Monthly compensation of $4,166 USDC;
• FF Compensation: 0.5% total supply (50,000FF), subject to 3 years vesting period. Not subject to a cliff;
• Start date May 1st, 2022 and upon proposal approval;
• As per current hiring guideline, compensation to be revised in 6months;

Responsibilities

Upon onboarding Qhawe will be responsible for:

• Developing treasury strategies to propel the growth of the Forefront ecosystem while ensuring long-term sustainability of the DAO;
• Contribute to the design, implementation, and evaluation of new and existing token economics modeling of the Forefront token;
• Contributing to monetization, revenue generation, and success of Forefront products and services.

Scorecard

A comprehensive scorecard breakdown can be viewed here.

Evaluation

• PT work expectation and outcome scorecard (with seasonal OKRs) will be set internally. It will serve as guideline, work evaluation also includes members growth, learning and improvement;
• Guideline on termination: In failure to meet expectations or violation of FF values and principles, an re-evaluation discussion will take place between the full time contributors and the staff team. If the decision to terminate is agreed and valid, it will be put into effect by the staff team. In this case contributors monthly and vesting compensation will be immediately ceased.
• In case of termination, all unvested FF will roll back to treasury in case of termination;

Quorum

• Quorum: Minimum 5% of all currently circulating $FF (excluding treasury tokens) or 43119.2 $FF must participate for the proposal to pass.
• Passing Threshold: 65% or more of voting members must vote YES for the proposal to pass.

Vote

• Yes - Vote YES to approve Extend Qhawe current PT Position
• No - Vote NO to reject Extend Qhawe current PT Position

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