Verbs 6 Month Engagement Extension

Background

Verbs term consists of two Solidity/full-stack engineers (Elad and David) who executed Proposal 4 and are on the tail end of a 3 month engagement with the Tech Pod (Proposal 54). In the last ~2 (of 3) months engagement the team has conducted R&D, implemented, and tested significant improvements to the Nouns protocol such as dynamic quorum (https://github.com/nounsDAO/nouns-monorepo/pull/438) and descriptor v2 (https://github.com/nounsDAO/nouns-monorepo/pull/499).

Based on the success of this trial engagement, the Tech Pod and Verbs teams want to re-engage on a 6 month contract with updated terms.

Contract Terms

• 6 month engagement starting August 1.
• Either party can cancel with 1 month advanced notice.
• Nominal $37.5k per person (2) per month (6) paid in USDC or ETH.
• 3 ETH per month for Tech Pod member Solimander for time spent managing roadmap, meetings, code reviews, and rollout.

Compensation

• Verbs compensation: 472.5 ETH
  • 5% volatility buffer included
  • To be converted to USDC upon receipt
• Additional for Tech Pod member: 18 ETH
• Total: 490.5 ETH