Summary

This proposal is to approve an upgrade for the compensation of Byterose for the next 3 months.

Abstract

@e: Byterose is a web developer at yam that has been working with us for the past few months. Byterose worked on multiple yam projects: the Yam APIs, Yam Protection protocol (previously Umbrella), Yam Synths (previously Degenerative), Yam Synths SDK, Yam Protection SDK and Yam Governance smart contracts, while helping his fellow teammates providing feedback and fixes. The promise of Byterose is to continuously contribute to yam projects while focusing more on the Yam Protection protocol in the near future for launching, alongside further exploration on smart contracts and L2 solutions for potentially supporting yam developments and upgrades related.

• Requested compensation for Byterose is an upgrade from 8000$/mo to 10000$/mo, 100% in YAM tokens, stream over the next 3 month (rate at $0.98/YAM based on the 30d avg.)

Specification

Proceeding with an onchain proposal for closing the old and opening a new stream for the next 3 months with the values specified.