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mStable DAOmStable DAOby0x908DB31Ce01DC42c8B712f9156E969bc65023119mzeronine.eth

Cat Herder Upgrade Discussion - Motion

Voting ended over 4 years agoSucceeded

This motion seeks to bring forward to a public vote a contractual change for the current Cat Herders of the ProtocolDAO (dimsome) and mStableDAO (mZeroNine) to receive an upgrade to their existing contract into a more demanding role that will increase the workload to 3 full days per week (8hrs/day), and eventually arrive at a full-time role that will have them work 5 full days per week (8hrs/day) as Cat Herders for the respective DAO.

This change towards a half-time role will add further responsibilities and an increased compensation to the role, with a brief summary of the key facts given below:

Compensation - 2500 mUSD & an additional 2k USD monthly paid in MTA, calculated from the 30 days VWAP of the previous month. This will be paid on the 10th of every month (or the closest workday following if the 10th falls on a weekend or holiday) from the mStable Fund Manager wallet which in turn receives the funds from the mStableDAO treasury

Both cat herders voluntarily commit to locking all MTA rewards received in the mStable staking contract for at least 12 months from the commencement of this new and upgraded contract, including the migration from the v1 staking contract to the new v2 scheduled to be released in September. This means that all MTA rewards can be redeemed at the earliest on the 1st of July 2022.

Roles and responsibilities

8hrs per day, 3 times per week allocated toward making sure the mStableDAOs and ProtocolDAOs governance processes run smoothly. This includes, but is not limited to:

  • Maintenance of open communication threads on public channels such as the forum and Discord
  • Organising and conducting DAO signer calls and maintaining curated records of these meetings
  • Making sure DAO signers reach quorum to execute transactions in a timely manner
  • Managing proposal workflows to ensure they are voted on and discussed when they need to be
  • Writing & posting on the snapshot pages as a comms representative for the DAO
  • Compile and consolidate internal signer feedback in regards to the respective DAO
  • Calibrate between the different DAOs of the mStable ecosystem to ensure smooth day-to-day operations
  • Maintain and continue building out the respective internal Notion page for the respective DAO
  • Acting as a liaison between the wider mStable community and it's Community Manager (Lord of the Discord) and the respective DAOs

Should this motion be brought forward and shared as a public proposal on the mStable forum and snapshot page?

Off-Chain Vote

Yes
50 100%
No
0 0%
Abstain
0 0%
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Timeline

Jun 23, 2021Proposal created
Jun 24, 2021Proposal vote started
Jun 30, 2021Proposal vote ended
Oct 26, 2023Proposal updated