KIP-37: DAO Role Compensation Streams

Author
StatusApproved
Created2022-07-27

Summary

A method to reward DAO contributors for their involvement.

Abstract

Inflationary Kwenta and a portion of fees captured by the Treasury will be distributed to DAO roles in order to reward participation, milestones, and innovation within the DAO.

Motivation

By rewarding DAO roles in a predictable manner, members will be driven to take initiative and advance the DAO.

Specification

The rewards system will follow the below outline.

Elite Council Members:

  • 2.5k USD in KWENTA each month.
  • An additional 2.5k USD in KWENTA for the President.

treasuryDAO:

  • 2.5k USD in KWENTA each month.

adminDAO members:

  • 1k USD in KWENTA each month.

Management Contributor:

  • 1k USD in KWENTA each month.

Note that only Core Contributors are elibile for this position. Management Contributor rewards are in addition to existing grants.

Core Contributors:

  • Negotiated salary via the adminDAO
  • Negotiated Kwenta package via the adminDAO

devDAO PM:

  • Negotiated salary via the adminDAO
  • Negotiated Kwenta package via the adminDAO

marketingDAO PM:

  • Negotiated salary via the adminDAO
  • Negotiated Kwenta package via the adminDAO

Variable Upside Bonuses for Core Contributors:

  • The adminDAO will receive 1% of all inflation and 1% of all fees each month and reallocate these bonuses to the Core Contributors as they see fit.

Milestones Bonuses:

  • As milestones are reached on the roadmap, the Core Contributors will earn milestone bonuses (See KIP 33). The treasuryDAO will determine a budget for each epoch's milestone bounties. The adminDAO will be tasked with distributing a completed milestones bonus to relevant contributors.

This KIP overrules the amount of compensation set aside for the Elite Council in KIP-2. All KWENTA distributed in this KIP follows the infaltionary reward vesting model (1-year lock up with burn-to-vest clause) aside from the negotiated Kwenta packages.

Copyright and related rights waived via CC0.