This vote will determine if we ratify the formal proposal, 'Budget and Compensation Plan Epoch 2 (Q2’22), as outlined in Discourse:
Executive Summary:
As per the SU DAO Design Principles, a budget and compensation plan should:
Have sufficient stables to provide a level of stability for our members at all eligible tiers
Distribute KPI Options that’s similar to the framework of prev. epochs
Meet our pre-defined requirements for team budgets to enable operational costs to be covered
4.Have an allocation of funds for gas & transaction costs
5.Have sufficient reserves such that we can allocate to our defined emergency fund, while also considering additional tipping collateral, DAO actions, sponsorships, grants, bounties etc.
This Budget and Proposal plan proposes using our $UMA balance sheet ( 52,866 $UMA across our Polygon & Ethereum safes ) to compensate DAO members for #1 as defined in our DAO Design Principles. As well as making sure we have enough gas for transactions, an emergency fund in place, and all team’s multi-sigs topped up to at least $2500. KPI options are not within the scope of this proposal and will be dependent on approval of our long term funding grant to UMA DAO.
Passing Requirements:
Majority: 51% Quorum: 50% of total voting power
Voting Options:
Yes - Ratify the Proposal Abstain - Formally decline to vote either for or against a proposal No - Do not ratify the proposal