Summary

Proposal to approve a new team compensation for full time and part time contributors of the FWB DAO and to approve the September budget as proposed that can be reviewed here: Sept Budget Spreadsheet.

Abstract

This proposal serves to outline a team compensation proposal for approximately fifteen (15) of members of the FWB DAO team. Four (4) full time roles and eleven (11) part time roles will shift from majority $FWB compensation to a USDC based compensation model.

The positions shifting from $FWB to USDC pegged compensation are as follows:

Position	Contributor	Team	Monthly
Strategy Lead	Alex Zhang	Operations	12,500
Ops/Membership Lead	Patti Hauseman	Operations	10,000
Product Lead	Mike Bodge	Product	20,833
Internal Product Lead	Dexter Tortoriello	Product	10,000
Product Lead	Laura Jaramillo	Product	5,417
Editorial Strategy	Jose Mejia	Editorial	4,167
Editor	Ariel Lebeau	Editorial	4,167
Editorial Ops	Cameron Parkins	Editorial	4,167
Content Manager	Fiona Carty	Marketing	3,000
Community & Project Mgmt	Raihan Anwar	Membership	3,000
Events Lead	Paul Tao	Membership	3,000
Fellowship Lead	Pat Lok	Membership	3,000
Digital Events Lead	Brian Mark	Membership	3,000
Partnerships/M&A Lead	Jake Waxenberg	Treasury	4,167
Controller	Recruiting	Treasury	3,750
Estimated Total		USDC	94,167

Community contributor pools such as Editorial and Membership will continue to be compensated in $FWB.

The September budget outlines these shifts in compensation plus the projected outflows.

Motivation

As the FWB DAO begins to grow, the fluctuation in token price makes it difficult to accurately prepare and project our budgets. We are proposing a shift toward budgeting in USD value, and then allowing contributors to decide their payment in mixed USDC + FWB. This simplifies the budgeting process and should allow for increased stability and better accuracy calculating our future spends.

Benefits

• Continuity in compensation for contributors
• Clarity in budgeting for FWB
• Additional stability in FWB budgeting

Drawbacks

• $FWB is native token of the community.
• Less $FWB compensation is less ‘skin in the game’ for contributors

Vote

Yes - Approve new Team Compensation structure and approve September budget No - Do not Approve new Team Compensation structure and approve September budget