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:
- a base salary of $12,500 per month ($150,000 per annum);
- a grant of 10,000 PICKLEs vested over 6 months;
- an undertaking to review these numbers in 6 months;
Additional Information
The current financial situation of Pickle as of 10 February 2021:
- total Treasury assets totalling $1.78M, including $1.3M in the Smart Treasury;
- over 2 years of runway, with current monthly operating expenses at around $70,000 / month;
- 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;