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PICKLEPICKLEby0xb4522eB2cA49963De9c3dC69023cBe6D53489C98prudentanon.lens

[PIP-31] - Compensation Proposal: Larry the Cucumber

Voting ended almost 5 years agoSucceeded

Intro & Background

Please see the forum post for the background and the community feedbacks here

Proposal

This proposal aims to implement the following compensation for Larry:

  1. a base salary of $12,500 per month ($150,000 per annum);
  2. a grant of 10,000 PICKLEs vested over 6 months;
  3. an undertaking to review these numbers in 6 months;

Additional Information

The current financial situation of Pickle as of 10 February 2021:

  1. total Treasury assets totalling $1.78M, including $1.3M in the Smart Treasury;
  2. over 2 years of runway, with current monthly operating expenses at around $70,000 / month;
  3. positive operating cash flows, with current TVL of >$40M, several triple-digit yield jars that net us 20% performance fees, and expected large receivables of vested $SUSHI from the Onsen;

Off-Chain Vote

Compensate Larry the Cucumber
117.2 86.8%
Do Nothing
17.8 13.2%
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Timeline

Feb 14, 2021Proposal created
Feb 14, 2021Proposal vote started
Feb 16, 2021Proposal vote ended
Sep 13, 2024Proposal updated