MDP-12: Retroactive Governance Token Allocation For Phase 1

Context

This is a snapshot proposal to determine the final % of governance tokens allocated to the team for Phase 1 work, and to agree on a final plan for governance token allocation based on many meetings with the community.

Phase 1 is defined as the work involved in going from 0 to 1 with MoonDAO. Creating the vision, goals, mission, values, marketing the project, putting up the juicebox raise and launching the token to our eventual $8.3 million dollar raise from the community. This pay period is between November 24th, 2021 and January 17th 2022.

Throughout MoonDAO, no one on the team has taken a payment so far. The founding team did not take a pre-token allocation, and we have been coming up with a fair proposal such that everyone who did work during the Phase 1 period can receive $MOONEY for their efforts.

Methodology for Compensation

In MDP-2 we put up a Snapshot vote to get a distribution of what the community feels is the appropriate amount to distribute to the people who worked in that pay period. The vote was to determine the % of $MOONEY in our treasury that will be distributed to people, the results were as follows:

Mean: 12.230%, 160,087,373 $MOONEY Mean-Median Average: 8.615%, 112,768,007 $MOONEY Median: 5.000%, 65,448,640 $MOONEY

We will vote between these three options using token weighting.

We have also set up a Coordinape with all the active Phase 1 contributors, where each contributor for that pay period had tokens they could gift out to others, the distribution is included here:

https://docs.google.com/spreadsheets/d/1IlHGA-8AxWzPBWN2gWkm0AyYX9UdLdLponeDQXnK4Us/edit#gid=2010701096

Vesting

The tokens will vest at 25% of the total each contributor would receive over a period of 4 months.

Stable Token Split

We will allow contributors to take 25% of their governance tokens in Dai rather than $MOONEY, with a total of up to $10,000.

With a default value of 0% tokens in stables unless we are notified otherwise.

$MOONEY to Dai conversion will be priced on a seven day trailing average from the point at which it is dispersed.

Voting Options

We will use a token weighted average between the three statistics from MDP-2. You may also chose to vote "No" which means you do not agree to pay the members using this methodology. If "No" votes are over 50% then we will delay governance token allocations and use a different methodology.