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