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Dash Core Group May 28th Funding Proposals
DCG is submitting 3 funding proposals for the budget cycle that pays out May 28th:
1) DCG Compensation: 2,472 Dash per month (currently in month 1/3)
2) DCG Legal: 419 Dash (currently in month 1/1)
3) DCG Bug Bounty: 75 Dash (currently in month 1/1)

This proposal
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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 June through August.  

What is the proposal funding?
As of May 7th, 2021, DCG has 27 paid staff associated with the project. In addition, we have 2 volunteers who have decided to work for no compensation. Out of the 27 paid staff, 1 has volunteered to reduce their salary while we rebuild our reserves to ideal levels. In total 3 volunteers are working for reduced or no compensation. For more detail to DCG’s team please follow this link: https://www.dash.org/dcg/.  We plan on aggressively hiring in the upcoming months with 8 positions currently open (https://www.dash.org/dcg/jobs/).

Our run-rate in June will be ~$250,000 after taking into account voluntary pay reductions. 
With this proposal, we are asking for total funding of $915,000 per month. At the current Dash price of $370 and assuming this compensation proposal passes we will be continuing to put additional funds into our compensation reserve. We recently achieved an important initial milestone of building our compensation account to a 6 month reserve. This is the minimum target we established before we are confident in our ability to expand the team, so as reserves build from here we primarily intend to leverage excess reserves to expand the team. We have also extended our ideal reserve to one year’s compensation expense to enable DCG to withstand substantial price volatility without impacting our operations.

We have also undertaken a number of initiatives to align our compensation with market rates.  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.

Community members have asked us to break out our technical compensation versus our administrative payroll. In fact, in the budget cycle that paid out in October 2018, we broke out our compensation proposal into 3 proposals: 1) Developers & Operations, 2) Administration, 3) Business Development / Marketing / Customer Support.  In October 2018 our compensation structure was as follows:
65% - Developers and operations
20% - Administration
15% - Business development, marketing and customer support (helpdesk)

Here are our updated numbers.  Please note that these numbers do not include the aforementioned raises to code-writers as those are being finalized the week this proposal will be posted. In order to provide further granularity into the developers and operations line we have separately broken out technical roles who code versus technical roles that don’t write code:

Salary 43% - Code writers (representing 48% of the headcount)
Salary 35% - Technical managers and technical roles (don’t directly write code) (representing 30% of the headcount)
Salary 22% - “Everything else” meaning: administration, marketing, business development, finance, helpdesk (representing 22% of the headcount)

Of note, 78% of headcount and 78% of compensation is directed toward development. The above headcount numbers exclude 2 volunteers working for free: 1 as a code writer and the other one in the “everything else” bucket.

In addition, out of the aforementioned 8 open positions we are currently hiring for, 6 are for code writers, 1 is for a UI/UX engineer and 1 is for a technical product manager role. We plan on expanding the team aggressively over the next few months. This is in line with what many competitor networks are doing from a team expansion perspective. However, this expansion needs to be controlled. We have learned from some of the mistakes made during the 2017 crypto bull market and do not want to repeat those same mistakes during this crypto bull run.

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=qi1xo54jNNA

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 June through August budget cycles:
·   2,470.34 Dash for core team compensation per month ($915,000 USD @ $370 per Dash)
·          1.66 Dash / per month proposal reimbursement 
Total: 2,472 Dash per month

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