YIP 88: Quarterly Compensation Updates for Existing Contributors

Introduction

This proposal updates contributor compensation per the changes made in YIP-84 for Q4 of 2021. This proposal will apply to contributors whose compensation packages are dictated by the last contributor compensation guidelines and will not apply to “OG” contributors whose compensation packages were determined in the first compensation proposal.

The following contributors will have their compensation updated to match the guidelines. Some contributors are moving to part time status, or have stopped contributing to the DAO.

@TheVDM1

TheVDM1 will be moving to a part time roll in October to see a successful roll-out of the new LSP synths and then to an advisor position starting in November. Compensation for the advisor role is TBD and will be proposed in a snapshot vote prior to November.

Previous Compensation Breakdown

  • Time Commitment = 40 Hours
  • $5000/month in stablecoins, $5000/month in YAM per TWAP price
  • Previous Target Total Compensation = $10,000/Month

New Compensation Breakdown

  • Time Commitment = 20 Hours
  • $3500/month in stablecoins, $1500/month in YAM per TWAP price
  • New Target Total Compensation = $10,000/Month $5000/Month
    *edited for math fix/typo.

@Writer

Previous Compensation Breakdown

  • Time Commitment = 40 Hours
  • $5000/month in stablecoins, $5000/month in YAM per TWAP price
  • Previous Target Total Compensation = $10,000/Month

New Compensation Breakdown

  • Time Commitment = 40 Hours
  • $7000/month in stablecoins, $3000/month in YAM per TWAP price
  • New Target Total Compensation = $10,000/Month

@blokku-chan

Previous Compensation Breakdown

  • Time Commitment = 20 Hours
  • $0/month in stablecoins, $6250/month in YAM per TWAP price
  • Previous Target Total Compensation = $6250/Month

New Compensation Breakdown

  • Time Commitment = 20 Hours
  • $1875/month in stablecoins, $4375/month in YAM per TWAP price
  • New Target Total Compensation = $6250/Month

@rossgalloway

Ross’ compensation is a combination of an OG stream and standard compensation.

Previous Compensation Breakdown

  • Time Commitment = 40 hrs
  • $3000/month in stablecoins, $3000/month in YAM per TWAP price, 3125 YAM/Month OG stream
  • Previous Target Total Compensation = ~$10,000/Month

New Compensation Breakdown

  • Time Commitment = 40 Hours
  • $7000/month in stablecoins, $0/month in YAM per TWAP price, 3250 YAM/Month OG Stream*
  • New Target Total Compensation = ~$10,000/Month**
  • The OG portion will be updated at the end of Q4 with the rest of those streams.

** This does not fully match up and Ross is ok with that.


@tmoneywatershoes (aka Scrohe, TomM)

TomM has left his role as part time branding strategist due to other time commitments, but will be available for hourly contract work on an as needed basis.

Previous Compensation Breakdown

  • Time Commitment = 40 hrs
  • $0/month in stablecoins, $5000/month in YAM per TWAP price
  • Previous Target Total Compensation = $10,000/Month

New Compensation Breakdown

  • Tom will now contribute on an hourly contract basis ($60/hr rate)
  • Total Compensation = Not to exceed $5000/month

@KW710 (aka Demosthenes)

Previous Compensation Breakdown

  • Time Commitment = 10 Hours
  • $0/month in stablecoins, $2500/month in YAM per TWAP price
  • Previous Target Total Compensation = $2500/Month

New Compensation Breakdown

  • Time Commitment = 10 Hours
  • $1250/month in stablecoins, $1250/month in YAM per TWAP price
  • New Target Total Compensation = $2500/Month

@Indigo

indigo has left his role as a front end developer with the DAO. We wish indigo the best of luck in future endeavors.

Previous Compensation Breakdown

  • Time Commitment = 40 hrs
  • $5000/month in stablecoins, $5000/month in YAM per TWAP price
  • Previous Target Total Compensation = $10,000/Month

New Compensation Breakdown

  • Indigo no longer works for the DAO
  • Total Compensation = $0/Month

Snapshot vote: Snapshot
Vote is open until 2021.09.29 at 20:00 UTC

This proposal has passed! Thanks to all who voted

I edited the above for @THEVDM1’s compensation to correct for a math error / typo. The correct total compensation should be $5000/Month