Every organization has bills to pay, and we’re overdue to compensate those that have already been actively contributing to the DAO over this past month.
I’d like to throw out some suggested amounts for feedback from other DAO members. My personal philosophy is that we should skew allocations to the generous side for all of those that have invested effort at this early stage.
I think all payments should be in PHONON tokens. If someone pops up in multiple categories I think they should be compensated for all of those things cumulatively.
This list is off the top of my head as I write this in a single go through. I’m sure I missed a lot of meaningful contributions here – please don’t take offense! This is why I’m doing this as a conversation starter: once I get some additional input here I’ll rewrite this as a formal proposal to be voted on. I also think a formal proposal should include the liquidation of 1 ETH worth of PHONON to cover DAO transaction fee costs for the immediate future since members are paying these out of pocket.
Unless otherwise mentioned these are one-time disbursements intended to anchor the value of future contributions. The spot price for each PHONON at the time of writing is approximately $0.01.
If those active in governance with other DAOs have suggestions, I’d love to see both how they’re paying from treasury and what approaches they’re using to value contributions.
This includes not just actively setting up and managing the Discord but going above and beyond in other ways that are not neatly categorized.
DaVoice has stepped into a coordination and leadership role that goes beyond being a PDBG member and has really made a positive difference. Dan M is getting involved in many many ways including setting up the community Discord. Senor has not only helped with moderation is doing a lot of cool extra things for the community including creating the Phonon Discord bots and creating a a custom Phonon emoji set.
DaVoice - 400,000 PHONON
Dan M - 200,000 PHONON
Senor - 200,000 PHONON
Whether you love his posts or hate the 4chan lingo, PhononGod is writing about the project daily and spreading the word far and wide. Dan M has been writing a useful write up of Phonon DAO news, The Phonon Brief, which he shares via Twitter, substack, and now on the DAO’s blog.
PhononGod - 200,000 PHONON
Dan M - 200,000 PHONON
Without Mariano Conti and Tim Coulter this DAO would not have launched. Talented Solidity devs are an incredibly scarce and valuable resource and I can’t emphasize how lucky we are to have these two involved with Phonon DAO.
On November 4th I suggested $25k in GRID at the current spot price (then $0.49) to Mariano for writing the token contract, upgrade contract, and vesting contract used by the DAO. That’s 51,020 GRID which comes out to 7,908,163 PHONON. If anyone has tried hiring a solidity developer for contract work, you know this is Mariano doing us a favor.
Tim Coulter wrote and published the exploratory code review and caught a material issue with decimal placement in the original conversion contract which was fixed prior to deployment. He also set up the token conversion portion (web3 connection to the contract and user interface) of phonon.network .
Mariano Conti - 8,000,000 PHONON
Tim Coulter - 4,000,000 PHONON
Phonon DAO Bootstrapping Group:
This crew has been instrumental in driving things forward. I think, as long as this group is needed, there should be ongoing monthly compensation of $2000 in PHONON per month.
I know that the accomplished by different members so far varies, but I don’t think we need to debate the minutiae of it - that’s normal and we’re just picking up steam. We can reassess this amount as needed moving forward. Mickey and Andrew in particular have gone above and beyond in creating organizational frameworks for collaboration.
Force of Nature
This group has been providing feedback to the DAO without any sort of formalized compensation since spring of 2021. It may not all show, but we would not be here today without this group. I originally drew this crew together myself out of people whom I trusted, considered ethical and reliable, and had a meaningful skill to contribute to this endeavor.
Since launch, some have been more visible that others in our community channels, but all continue to contribute in some way which includes providing technical insight, spreading the word with their social media reach, and sharing their valuable networks with the DAO.
It’s in all of our interest to give this group skin in the game and align their long-term interests with the DAO. I originally proposed compensating them on a two year linear vesting schedule, with continued unlock at the discretion of the DAO to ensure that if the community feels there is an issue it can collectively decide to halt compensation.
I am proposing that each gets 5M PHONON (~ $50k USD) vesting over a two year period as described in initial posts. It’s not much right now, but they each have skills to contribute that can help Phonon DAO get traction and thrive and they should be incentivized to stay engaged and help see that small amount grow meaningfully.
Initial DAO Stewards are:
Evan Van Ness