SUDAO-IP-12: Compensation Amendment (PASSED)

SUDAO-IP-12

Compensation Amendment

Rationale:

In our SuperUMAn DAO - Design Principles V2 under Compensation to Contributors it is stated that, “there should be a stablecoin allocation for members of the DAO who are SuperUMAns or UMAsters”. This doesn’t allow us the flexibility to make changes to our compensation as needed. This isn’t to say there will not/never be a stable allocation but to allow flexibility to pay out in $UMA instead of stables. We also need to be mindful of who is to receive some sort of ‘stable’ monthly compensation whether it be $UMA tokens or stable coins. This would allow us to be more intentional with how we distribute the monthly ‘stables’ compensation.

Content of the Proposal:

This document is to ratify stablecoin compensation.

  • Change the wording in SuperUMAn DAO - Design Principles V2 under Compensation to Core Contributors to allow for more flexibility pertaining to compensation.Check under the “Changes to” section in this document.

Reasoning:

  • This would allow us the flexibility to payout in $UMA tokens or stablecoins.
  • This also means that we can be more intentional with who would receive a monthly ‘stable’ compensation whether that be $UMA or $USDC.
  • Takes pressure off having to sell $UMA for stablecoins.
  • Allows flexibility for our Budget and Compensation plan.

Changes to SuperUMAn DAO - Design Principles V2:

Under Compensation to Contributors:

From:

It would be expected that the compensation of members of the SuperUMAn DAO should be centrally allocated from the treasury. While the precise allocation and mechanism for this compensation will be the subject of a governance proposal, it is suggested that such an allocation should adhere to some basic principles:

  • There should be a stablecoin allocation for members of the DAO who are SuperUMAns or UMAsters
  • Quarterly KPI options should be available for all DAO members
  • There should be a level of compensation allocated to teams for team based compensation including peer evaluation and tipping.

To:

It would be expected that the compensation of members of the SuperUMAn DAO should be centrally allocated from the treasury. The precise allocation and mechanism for this compensation will be subject to our budget and compensation plan which needs to be ratified each quarter through our governance process.The specific currencies in the compensation plan can include, but not limited to, a combination of stablecoins, KPI options, and native tokens. It is suggested that such an allocation should adhere to some basic principles:

  • Quarterly KPI options should be available for SuperUMAn tier and above.
  • There should be a level of compensation allocated to teams for team based compensation including peer evaluation and tipping.
  • A fixed monthly amount of but not limited to $USDC and/or $UMA tokens to be considered for core contributors each quarter.

What on-chain actions might this proposal entail:

None at this time

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