by 0xfe91c0c482e09600f2d1dbca10fd705bc6de60bc (Yemel#60bc)
Linked Pre-Proposal
Should the DAO Committee be compensated?
Summary
Establish a monthly compensation for DAO Committee Members, who are currently acting as a trusted proxy to enact on-chain proposals voted in the DAO.
Abstract
The main responsibilities of the DAO Committee are:
- Moderate proposals in the governance platform (promote to enacted, passed, rejected)
- Keep updated the list of POIs, BanNames and Catalysts.
- Create and fund vesting contracts for paying grants.
- Calculate and execute compensation for the Wearables Curation Committee.
- Basic Treasury Management (release vesting, transfers to operational wallet, swap funds).
- Reimburse gas fees to the DAO Committee.
- Pay any other monthly compensation.
Some other tasks related to the role are:
- Attend monthly Town Halls and provide general community support.
- Give feedback to proposals, evaluate risks and implementations pathways.
- Contact external organizations in the name of the DAO.
A short recap of some important proposals that required a DAO Committee’s hands-on intervention in order to enact them:
- Mar 2021 - Original proposal to migrate to a gas-less voting system.
- May 2021 - The new DAO launches and the first report is published .
- Jun 2021 - Activate Snapshot Delegation .
- Jul 2021 - Convert 1/5 of the Treasury to stablecoins .
- Sep 2021 - Reimbursement of gas fees to DAO Committee.
- Oct 2021 - Expanding the grants program for bigger tires .
- Nov 2021 - Join Blender Development Fund .
- Dec 2021 - Keep Polygon transactions for free .
- Jan 2022 - Resignation of Eric from the DAO Committee.
Motivation
In the past year, one committee member has sent +500 transactions in the name of the DAO. Thanks to the proposal of reimbursement of gas fees , this operation doesn’t have a monetary loss for the committee members. However, each of these transactions required attention to review/sign and those efforts are not being compensated in any form.
Adding to this situation, one of the initial three committee members resigned early this year. It has been hard to find a replacement who can take such a responsibility and willing to do it for free.
Compensate DAO Committee members is fundamental for a sustainable DAO operation.
Specification
Establish a monthly payment of 2,400 USD payable in MANA each month. The amount is established in USD to avoid problems related to MANA’s price volatility.
Each committee member will commit to working 10hrs per week at a rate of 60 USD/hr.
Conclusion
Over the past year, the DAO Committee has been proven essential for the regular operations of the DAO. However this position has been voluntary for almost a year, and it requires substantial work from the members of the committee to cover their responsibilities.
Setting compensation for its members is key to attracting qualified candidates to join the committee and securing the timely operations of the DAO long-term.