Proposal “DashCoreGroupCompProposalAug_Nov“ (Active)Back

Title:Dash Core Group Compensation September - November
Monthly amount: 2423 DASH (491364 USD)
Completed payments: 1 totaling in 2423 DASH (2 month remaining)
Payment start/end: 2021-08-12 / 2021-11-10 (added on 2021-08-07)
Votes: 903 Yes / 112 No / 8 Abstain
Will be funded: Yes
Manually vote on this proposal (DashCore - Tools - Debugconsole):
gobject vote-many bcb16d92554b3d707f6db40d8607e84c2aaa41b6367f7e3bcf0208b96018301b funding yes

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Proposal description

Dash Core Group August 27th Funding Proposals
DCG is submitting 2 funding proposals for the budget cycle that pays out August 27th:
1) DCG Compensation: 2,423 Dash per month (currently in month 1/3)
2) DCG Infrastructure: 543 Dash (currently in month 1/2)

What does this specific proposal fund?
This proposal funds Dash Core Group's ongoing compensation costs - including all developers, administrative, business development, marketing and support staff.  This is a multi-month proposal that will cover compensation for September through November.  

What is the proposal funding?
As of August 6th, 2021, DCG has 33 paid staff associated with the project. In addition, we have 2 volunteers who have decided to work for no compensation. Out of the 33 paid staff, 1 has volunteered to reduce their salary while we rebuild our reserves to 1 year levels and roll out a retention plan for existing staff. In total 3 volunteers are working for reduced or no compensation. For more details about DCG’s team please follow this link: We have been aggressively hiring in the past few months with 7 staff joining in the last 3 months.  The roles were as follows:
  • Cryptographer
  • C++ Software Engineer
  • C++ Software Engineer
  • UI / UX Designer
  • GO Software Engineer (platform team)
  • Technical Product Owner (platform team)
  • Head of Marketing
In addition, another 5 staff have accepted written offers and will start in the coming weeks.  The roles are as follows:
  • Android Developer
  • Android Developer
  • Go Software Engineer
  • C++ Software Engineer
  • iOS Developer
Finally, we plan to continue hiring going forward and plan on filling another 6 positions in the next few months ( We anticipate DCG expanding to include approximately 45 staff by the end of the year.

We recently achieved an important initial milestone of building our compensation account to a 6 month reserve. Now that we have met our minimum reserve target, we plan to progress toward our ideal reserve to one year’s compensation expense to enable DCG to withstand substantial price volatility without impacting our operations. While we do that, we will slowly reduce the percentage ask for Dash Core Group compensation relative to the available proposal funding.  Starting with this proposal, we are reducing our compensation funding request from 50% of available network monthly funding to 49% of funding available in order to increase our allocation request toward other expense categories. We remain committed to restraining our total proposal requests to less than 60% of the available budget. Many of our costs are fixed, such as the costs to maintain testnet, so even this relatively small change will enable more funding to flow to marketing and business development activities. While we do have an immediate need to fund our fixed expenses in infrastructure and legal (in Q3 ‘21), we plan to subsequently submit requests for our marketing and business development expenses (in Q4 ‘21). This will bring about a healthier expense ratio between compensation and non-compensation expenses.

Once we reach a steady state of 45 staff, our compensation run-rate is expected to be ~$340,000 per month.  With this proposal, we are asking for total funding of $395,000 per month. At the current Dash price of ~$165 and assuming this compensation proposal passes we will continue putting additional funds into our compensation reserve. 

Our current salary and headcount split by function is as follows:
Salary 55% - Code writers (representing 56% of the headcount)
Salary 25% - Technical managers and technical roles (don’t directly write code) (representing 25% of the headcount)
Salary 20% - “Everything else” meaning: administration, marketing, business development, finance, helpdesk (representing 19% of the headcount)

We have also undertaken a number of initiatives to align our compensation with market rates.  This year we have adjusted salaries for USD inflation, adjusted compensation for staff role changes where applicable, and reinstated volunteers. In addition, we formed a compensation team to perform a comparison of Dash Core Group salaries to industry salaries and have made a select number of compensation adjustments based on our findings. These adjustments provided a number of developers with raises and should help improve retention going forward.

We plan to use a portion of the compensation proposal funds to deploy employee retention plans as well as to offer select subcontractors full-time positions with the company. Again, these initiatives are aimed at improving DCG retention.

If you would like more detail on DCG’s staff, financials, roadmap, and summary of our most recent accomplishments refer to our most recent quarterly call:

Note that in the appendix of the quarterly call presentation we also publish an org chart.  

If you have any questions, please direct them to @glennaustin at dashcentral to ensure we are notified of your request.

Requested funding is as follows for the September through November budget cycles:
·   2,421.34 Dash for core team compensation per month ($400,000 USD @ $165 per Dash)
·          1.66 Dash / per month proposal reimbursement 
Total: 2,423 Dash per month

Note: Should any funding remain, we will apply it toward future compensation expenses and any related taxes.

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Discussion: Should we fund this proposal?

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3 points,26 days ago
While I have historically always voted yes for DCG compensation and have been a rather vocal supporter of DCG, I have increasingly become dissatisfied with their performance and lack of community engagement. When Bob the Ghost did his sleight of hand in the way he announced yet another Platform delay, and then learning about how few resources had been directed toward Platform, I hit a point where I could no longer have blind faith and felt that we needed more control over the direction that DCG is taking Dash, which is why I support the TP accountability proposal. I initially voted 'no' on this DCG compensation proposal but not with the intention of getting DCG defunded, but rather to express my frustration and to issue a wake-up call. I have now changed my vote to 'yes' with the hope that DCG has received the message of network discontent and to also signal my approval of QuantumExplorer taking over the role of CTO. Lastly, and let me be clear, I am not dissatisfied with the performance of Ernesto and the bizdev, I am primarily dissatisfied with the progress of Platform and the piss poor communication about it.
-3 points,26 days ago
You were paid under the previous DashForceNews proposal, correct? This is relevant because I allege that those who previously worked for DashForceNews are upset at being defunded and have been on a 'retaliation campaign' to 'get back at the network'.

This has already been proven when Joel Valenzuela, leader of DFN, split the discord, worked to defund kuvacash and prevented DashBoost funds from reaching third-world parties. If this allegation is correct, then your words here would not be reliable as you would have a conflict of interest.
4 points,27 days ago
In the past DCG split its proposal when it received more than 10% no votes. I’m wondering if they are still committed to doing this.

“If in the future more than 10% of the votes cast for core team salary are "no", I can solicit feedback on what the network would like separately voted upon, and attempt to provide the requested additional granularity in future budget cycles.”
“Many of the MNOs voting “no” this most recent cycle commented that they were voting “no” specifically to trigger a breakout of the budget, either to gain greater insight into the allocation of those funds, or to allow them to express which functions they support.”
-3 points,26 days ago
This just shows that certain MNO's not always vote to support the network and that those MNO's let the outcome of a decision proposal (which clearly shows a lack of consensus with regards to imposing changes on how to fund the operations of DCG internally), impact their voting behavior on DCG budget proposals like this one.

Thereby directly jeopardizing Dash Core Group ability to expand their developers, and as a result possibly cause a delay for the release on Dash Platform on Dash Mainnet.
0 points,26 days ago
You have my support for this budget proposal, i think it is important to expand the number of devs and at the same time start building up the reserves from 6 months (currently) to 12 months (in the future).

I do hope once a 12 months reserves build-up has been achieved, that will be the end of the reserves build-up.
0 points,1 month ago
Yes from me.
1 point,1 month ago
Thank you for your support.
7 points,1 month ago
@Glenn - If the current Trust Protector decision proposal is approved by the masternode network, will you respect the vote?
4 points,1 month ago
-3 points,1 month ago
Let's hope it doesn't pass. I do not believe that proposal represents the network nor the MNOs.