Month of June
Yam Re-Org Silo Work = 25 hrs/week x 4 weeks = 100 hrs
Other Work = 15 hrs/week x 4 weeks = 60 hrs
Monthly Rate varies by Silo/Project. This will be broken down below
Rate for Yam Re-Org Work = $85/hr
Rate for other work = $62.5/hr
100 hrs * $85/hr = $8,500
60 hrs * 62.5/hr = $3,750
Total = $12,250
Pay split is 70/30 USDC/YAM
YAM 30 Day TWAP rate is 0.145 USD/YAM
$12,250 * .7 = 8,575 USDC
($12,250 * .3) / 0.145 = 25,345 YAM
I work on YAM full time and have focused on improving the operations, organizational structure, and efficiency of YAM. I have also contributed project management and design work for the YAM website and YAM Synths, both conceptual and front end. I have started doing more development work, fixing problems with the website and trying to build useful tools for the DAO. My original employment proposal is located here: Full-time contributor request for Ross
I am continuing to work on designing and specifying a model for YAM that allows for more accountability and flexibility around how work gets done. This entails changes to project structure as well as the structure for the day to day functioning of YAM. My goal is to turn YAM into a truly decentralized organization that does not rely on any specific group of contributors to succeed. In the last month I have transitioned from the writing and design side of things, into trying to implement some of the tools that the DAO can use to operate the new system. More information in the next section.
I have continued to make some tweaks and adjustments to the Yam Reorg docs, but my main focus has been on developing the templates and infrastructure needed to implement the plan. Using them myself and seeing other contributors use them has been valuable in understanding what needed to be changed.
- I have built templates for the Silo Application process and the Specifications Document.
- Updates the the Yam Replanted Requirements doc to match new template
I built the “Governance Repository” site where the above are hosted. This is very much still a work in progress. It should be considered a proof of concept.
- It is intended as an all-in-one documentation website that works to complement the existing website and communication infrastructure that the DAO uses. The intention is that it will house Silo and grant documentation permanently with github as the back end for all the documents. It can also host our other documentation about how the DAO and governance work, as well as the information about the changes to the organizational structure.
- The idea is that there are different levels of information density on different sites. The website is a broad overview, plus the dapp functionality. Then @chilly is working on a more flexible site that can be a homepage for different silos to give high level information. And then if you want the full documentation of different silos and the work that goes into them, you go to the documentation site above.
- The repository uses github as it’s data source so everything is open source and forkable, and anyone can make pull requests to the repos and submit their silo documents.
- It is built using docusaurus (React) and github, so it is robust in what can be done with it. Contributions are kept simple by separating the document repos from the website code.
- Once more complete, the site can be migrated to the YAM organization github and hosted officially.
I provided revisions and suggestions for the documents that @designer has been working on, which you can see on his compensation request. https://forum.yam.finance/t/2022-07-06-designers-june-silo-compensation-report/1696?u=ross
I made a number of changes to the main YAM website which have now been merged and can be seen here: https://yam.finance. These changes build on what I submitted last month, making the navigation better.
- navigation upgrades
- fixed broken links
- updated emoji headers to match governance page
- redesigned the addresses page
- other cosmetic changes.
You can see the changes here: https://github.com/yam-finance/yam-www/commits/develop
Next month I hope to tackle the charts and data for treasury assets to get that working and simplify it.
Oversaw the testing and deployment of UMA to a contract that lets a contributor vote with the DAO’s UMA. Successfully voted, claimed rewards, and have moved the process on to the next step, which is to send the rest of the UMA to this contract.
- Scope of work: https://forum.yam.finance/t/my-concerns-around-the-yambassadors-silo/1678
- Report on voting with UMA: https://forum.yam.finance/t/report-on-voting-with-uma/1694?u=ross
- Snapshot vote to send the rest of the UMA to the new contract: https://snapshot.org/#/yam.eth/proposal/0xcac90978adfe957f3275637118418a4b9ad97a4d93757d00f086e4b1df3e1684
Next month I need to put together documentation on the process and what is needed to vote with the UMA, as well as a create a proposal to be the “designated voter” for the DAO.
- Strategy for protocol owned liquidity: https://forum.yam.finance/t/a-more-refined-plan-for-protocol-owned-liquidity/1684
- Review of the new Treasury Management Silo: https://forum.yam.finance/t/yam-treasury-management-and-maintenance-framework-silo/1693
- Review of the proposal for YAM development, foundation, and YAM Multi-chain
- Moderation of Discord and Forum
- Business Development as it presents itself.
- Review of proposals and on-chain transactions.
I have been enjoying my forays into coding and development work. It is a nice change of pace, and in the long term will help me be a better contributor to the DAO because I will be able to do more, and also will understand the scope of different types of work. I am not a great dev, but at this point, the DAO needs people who are willing to get their hands dirty and just do it. I would like to continue to grow my repertoire of skills and take on small task related to things that the DAO needs fixed.