Rarible Protocol Compensation Guidelines

In order to stay competitive and become the world class network we believe we can be, it is of top priority that we be able to recruit the top talent in the world. Competitive compensation packages in line with world class organizations are as part of this equation and below are proposed compensation guidelines for Rarible DAO.

Note: many of these guidelines were inspired and borrowed from Sushi 1 and Yearn (link 1 and 2).

Salary ranges

Senior Dev : 180K - 250K USD

Middle Dev : 120K - 180K USD

Junior Dev : 80K - 120K USD

Senior Ops/Business Dev : 120K - 150K USD

Middle Ops/Business Dev : 90K - 120K USD

Junior Ops/Business Dev: 85K USD

Senior Marketing/Comms : 120K - 150K USD

Middle Marketing/Comms : 85K - 120K USD

Junior Marketing/Comms : 80K USD

Community Manager: 65-85K USD

Pay ranges are a guideline and outstanding candidates can request an increased salary pending approval of the core team.

Vesting token

A committee will be formed to determine the value and amount of vesting tokens. These tokens will vest over the following timeline:

• 3 years linear vesting
• 6 month cliff backdated to start date
• With clawback (all unvested RARI returns to the DAO if someone leaves or is terminated)

Amount of tokens will range from 10,000 to 150,000 tokens based on seniority and responsibility levels, as well as current price of RARI. These tokens will unfortunately only apply to full time contributors.

2 month trial period

Will be implemented for all new full time members

During the trial period, every new hire will receive 100% of their due salary, in the form of a monthly grant, paid on a monthly basis, for the time they work.

If the trial period is successful, the new hire is made official. They are now protected by a severance package (in the case of a standard firing procedure).

If the hire isn’t confirmed at the end of the two-month period, the severance package is null.

Payment currency

Payment for all members will be made in RARI tokens.

Part time hires

Rarible DAO thrives thanks to its contributors. Unfortunately, some of them are in a place that doesn’t allow them to commit full-time to the project.

They are more than welcome to contribute but they would be compensated with a monthly or hourly grant, based on their involvement in and time commitment to the project. The amount of the grant will be set up on a month-to-month basis, and will be adjusted to the part-time contributor’s degree of involvement.

Supporting Community Members

Where possible, Rarible DAO will look to hire community members who have been contributing actively, as opposed to hiring and finding talent externally.

Termination Policy

Letting someone go is a painful, stressful experience that can put a strain on a project’s morale. That’s why we’d like to introduce transparent termination procedures so there are no surprises in the event of poor or malicious performance.

• Any termination decision will be discussed and voted on by the Core Team.
• Gross misconduct and dishonest behavior will result in immediate termination without any form of severance.
• Standard terminations will be subject to a severance package based on the individual’s fixed salary. The standard severance package is one month’s salary.
• Severance packages will be approved by Core Team and Multisig before being sent.
• In the event of a high-profile termination, a post-mortem could be shared with the community, shedding light on the context and justification for the decision.

Vacation time

• 4 weeks per year for everyone (or more, if you need, unpaid)