[SCP-148] TMDC Revisions, Summer 2023

About Voters Analytics

Summary

This proposal seeks two purposes in regard to the Treasury Management and Diversification Committee:

@jonisjon is stepping off the committee. Assign @0xFBL as the 5th member of the committee
Modify the compensation of committee members from the current 4000 FOX per month to $1,250 worth of FOX per month.

Abstract

@0xFBL garnered the most votes in the incubation post here: https://forum.shapeshift.com/thread/45397
The compensation of 4000 FOX per month was requested and approved in February, 2022. This proposal would increase that compensation to $1,250 worth of FOX per month, per committee member. Note that Kent is a voting member and does not take compensation. Should FBL become a TMDC member, he will also waive his compensation for being on the committee.

Motivation

With @Jonisjon leaving the committee, we need to maintain 5 committee members.
In February 2022, when 4000 FOX was set as the compensation amount, FOX was trading around $0.29, which is more than 10x from where it is today. The following time expectation exists for committee members:

2 30-minute TMDC meetings a week (which frequently run long)
1 60-minute Tokenomics meeting per week
Ad-hoc time as needed for research, proposal creation, and partner discussions

This brings the total time to 8-12 hours per month. 4000 FOX is not commensurate compensation for that time commitment.

Specification

Keep the TMDC voting member count at 5 by assigning @0xFBL to the committee.
Establish a monthly payment of $1250 worth of FOX to voting members who choose to receive it.

Benefits

The passage of this proposal will ensure we have five voting members on the TMDC and will increase committee member compensation so it is commensurate with the time expectation to serve on the committee.

Drawbacks

This will come at a cost to the DAO of $3,750 worth of FOX per month, with two of the proposed members receiving compensation from a workstream and opting to waive this committee compensation. Therefore, this compensation will only be paid out to three of the committee members.

Vote

A vote "For" will assign @0xFBL as a voting member of the committee and establish a $1,250 in FOX monthly payment to voting members.

A vote "Against" will make no changes, and there will only be four voting members on the committee.

start

August 9, 2023

9:07 PM

end

August 15, 2023

4:00 PM

Voting

off-chain

Voting type

single-choice

Voters

119

Votes

10,752,943

Final Votes

closed

For

10.8M FOX

99.99%

Against

679.6 FOX

0.01%

item label

Placeholder title of a dao proposal

DAO name

0x000000000000

Mon 00, 2024 00:00

About Voters Analytics

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Voting

100,000

Voting type

100,000

Starts in

100,000

Voters

1,000,000

Votes

1,000,000

Votes

Choice label

TICKER

100%

Choice label

TICKER

100%

Choice label

TICKER

100%