This is a draft proposal to get community feedback, concerns, questions, ideas… before it is submitted to the YAM Snapshot page. This is also related to the proposal for Compensation for the Core Team & Contributors (future work).
We propose to compensate protocol and ecosystem contributors for their time and effort over the past two months.
Utilizing funds from the treasury and a verified list of addresses, Yam protocol would compensate contributors for their work to this point.
Protocol contributors have dedicated significant time and energy to the YAM protocol with no compensation up to this point. In order to encourage future contributors, the Yam community must signal that contributions will be compensated.
In this vote, the YAM community decides how much yUSD (from the YAM treasury) will be used to compensate the people who helped bring YAM to existence – the contributors who made this experiment a reality. Based on discussions with the YAM Launch Team, there would be 20+ people that would be compensated from this proposal.
Beyond compensation for the launch team (Brock, Trent, Will, Clinton, Dan), these funds will also be used to compensate other contributors, moderators and ecosystem builders in the YAM community. Examples include individuals who helped build wikis, audited code, wrote explainer docs, participated in multi-sig migration rescue, and other online resources like Treasury dot vision. It’ll be at the sole discretion of the YAM Launch Team to decide how these funds are specifically allocated.
With some input from other contributors and the launch team, here’s a rough breakdown of where the funds would go:
- Mods/Community Work: 20% (split among ~20 people)
- Ecosystem (tools, multi-sigs, dev work, comms materials): 10%
- Launch team: 70%
Note: The launch team has agreed to recuse themselves from this vote.
How much yUSD compensation should be given to the past contributors who helped make YAM a reality? This would be the aggregate/total amount split among the contributors. We’ll use a weighted average so that everyone’s voice is heard.
These would be the options that would appear on the Snapshot page.
- 50k yUSD
- 75k yUSD
- 100k yUSD
- 125k yUSD
- 150k yUSD
- 175k yUSD
- 200k yUSD