In my opinion, USD from yUSD reserves is a even worse option. 70k yUSD a month, the current reserve can only last for about 2 years for only paying for the team without supporting any investment. To be honest, i would rather expect the team to mint YAM for the compensation. There was a proposal for minting 800k BoU YAM for 3 years for team compensation, why this is directly ignored? Actually 800k BoU is still more or less enough for the above compensation plan for 1.5+ years…
I think people still hold a 95% loss token are expecting the treasury can generate some revenue for the holders and the marketcap. If they saw a large part of the treasury will be used for contributor compensation they will be despaired. You could argue that the compensation is for the team to build products to general revenue for the treasury. I agree with that, so I do suggest we wait until Umbrella releases and see how much it helps with the treasury and the marketcap. If Umbrella could prove that the product road will increase the treasury and the marketcap by a large margin, people will be convinced for the treasury compensation.
But if they do sell, and the token price wavers at all then I think it’s highly probable that parts of the community will grow resentful of the team for selling their Yam, cast aspersions that they could be responsible for the price fluctuations, and make it sound like the act of selling Yam means they don’t believe in the project.
Team don’t want to take YAM as the compensation shows more or less the same signal. For the selling part, if the team communicate the reasons (living expenses) thoughtfully, i think most of people will accept it.
I strongly agree to pay the team, but how to pay needs to be reconsidered to some extent.