Proposal “DashCoreGroupCompProposalAug_Nov“ (Completed)Back
| Title: | Dash Core Group Compensation September - November |
| Owner: | glennaustin |
| Monthly amount: | 2423 DASH (59078 USD) |
| Completed payments: | 3 totaling in 7269 DASH (0 month remaining) |
| Payment start/end: | 2021-08-12 / 2021-11-10 (added on 2021-08-07) |
| Votes: | 964 Yes / 111 No / 10 Abstain |
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: https://www.dash.org/dcg/. We have been aggressively hiring in the past few months with 7 staff joining in the last 3 months. The roles were as follows:
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:
https://www.youtube.com/watch?v=5YPjIGy37Kg
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.
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: https://www.dash.org/dcg/. 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
- Android Developer
- Android Developer
- Go Software Engineer
- C++ Software Engineer
- iOS Developer
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:
https://www.youtube.com/watch?v=5YPjIGy37Kg
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.
Show full description ...
Discussion: Should we fund this proposal?
Submit comment
|
No comments so far?
Be the first to start the discussion! |
“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.”
https://www.dash.org/forum/threads/core-team-compensation-devs-and-ops-october.40499/
So presumptuous. Its acting on assumptions like that that has you in this COI mess in the first place. You might want to fix that.
>Now fuck off,
No, fuck you, asshole. You're gaslighting the network by hiding your MNO status. What's more, you are LITERALLY ATTACKING THE NETWORK just to spite me. That is bad acting.
What's more, DC can't be 'destroyed' by questions and comments. Its designed for that very purpose. Your aggressive hyperbole is designed to somehow get me 'banned from here' even though YOU'RE THE ONE WHO WON'T FOLLOW THE RULES.
ONLY MNOS ARE SUPPOSED TO COMMENT HERE. It is not badgering to enforce the rules and point out noncompliance. You want to hide your MNO status so you can give people like agnewpickens who admitted he doesn't have a MN, cover. THAT MAKES YOU A BAD ACTOR.
So how about this, SHUT THE FUCK UP, STOP BEING A STUPID LIAR, AND GROW THE FUCK UP YOU DUMB PIECE OF SHIT.
This is important because its how 'irrational arguments'. When you argue rationally, you need plausible premises with logical connections between each conclusion in order to prove your argument correct.
Arguing IRRATIONALLY, however, requires the opposite. Emotional manipulation takes the place of logic, so if you're a man they attack you with a woman, if you're single they attack you with sex, its basically school-yard taunts. This is what I meant on Discord when I said that xkcd (and by extension the dumb, ugly assholes like you that are helping him, kanuuker) was not a real men.
REAL MEN aren't affected by emotional arguments. ADULT MALES know that emotional manipulation is NO SUBSTITUTE FOR THE TRUTH. Emotional manipulation is the only way to hold an argument irrationally because without reason and rationale you have nothing otherwise.
So that's why Kanuuker is trying to get me banned (like the other poster itheringblidiot) while being a hypocrite. I.e. HE SHOULD BE BANNED both for refusing to identify as a MNO and also for deliberately taking punitive action against the network for personal reasons (his refusal to add the tag 'just because I know how much it annoys you.'
So, other MNOs who aren't privy to this little squabble JUST HAVE TO FUCKING SUFFER because this STUPID, SELFISH ASSHOLE refuses to identify himself. And he thinks that *I'm the one* who should be banned.
Do you see how shills and trolls and infiltrators argue? They argue this way because their number one goal is to TRICK YOU into self-destructive behavior. That way you have literally no recourse because you did it to yourself. And by that time they plan to just disappear into the ether anyway so you won't be able to retaliate against them at all.
This is the level of cynicism and assholery that we're dealing with, **and FUCK YOU KANUUKER for engaging in it!** You should be banned from the network permanently for being a lying, HYPOCRITICAL asshat.
Your stupidity is only exceed by both your ugliness and worthlessness to humanity as a whole. FUCK OFF ASSHOLE!
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.
I have to ask, do you have a MN or are you a whitelisted commenter?
“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.”
https://www.dash.org/forum/threads/core-team-compensation-devs-and-ops-october.40499/
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.
I do hope once a 12 months reserves build-up has been achieved, that will be the end of the reserves build-up.