Proposal “dash-core-group-compensation-july-sept-p“ (Completed)Back

Title:Dash Core Group Compensation (July-Sept) Part 2
Owner:glennaustin
Monthly amount: 400 DASH (28829 USD)
Completed payments: 3 totaling in 1200 DASH (0 month remaining)
Payment start/end: 2020-06-14 / 2020-09-11 (added on 2020-06-08)
Votes: 953 Yes / 23 No / 3 Abstain
External information: app.dashnexus.org/proposals/dash-core-group-compensation-july-sept-part-2/overview

Proposal description

Dash Core Group July 1st Funding Proposals
DCG is submitting 3 funding proposals for the July 1st budget cycle:
1) DCG Compensation part one: $205,000 per month (currently in month 3)
2) DCG Compensation part two: $30,800 per month (3 month proposal: July - September)
3) DCG Legal: $10,000 per month (2 month proposal: July - August)

This proposal
This is cross-posted here

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 supplementary multi-month proposal that will cover compensation for July, August and September.
Why is Dash Core Group posting two compensation proposals this cycle?
DCG is submitting three proposals for a total of the self-imposed 60% cap of the available treasury funds for the next 3 months. Two of the three proposals are targeted at continuing to fund and recuperate our compensation reserve with the remaining proposal aimed at topping up our legal reserve.  
As previously mentioned Dash Core Group has strategically funded all non-discretionary non-compensation budgets through the balance of 2020 including infrastructure and premises. The only other categories of spend within non-compensation are legal, business development and marketing. We have had some unexpected legal expenses occur over the past few weeks and are submitting a 2-month $10,000 per month to replenish that account. At this time DCG’s business development and marketing budgets remain at healthy levels. 
We believe it is prudent to continue to submit two compensation proposals to continue recuperating our compensation reserves, but separate this supplemental compensation proposal to provide the network the ability to evaluate each portion of the funding request. The reason we are submitting two compensation proposals is because historically we have been submitting 2 proposals for a combined 60% of the network’s available funding. One proposal was for compensation requesting 50% of the funds and another was for non-compensation requesting 10% of the funds. Since our non-compensation category is relatively healthy, we are now submitting a supplemental compensation proposal to further build our compensation reserve.

Why should I vote to fund these two compensation proposals?
There are several benefits to funding both compensation proposals including:
  1. DCG compensation reserves have not yet hit 3 months compensation expense creating uncertainty for the team around further potential down-sizing in the future. This directly affects morale.
  2. Gets DCG closer to a position that would enable rehiring critical roles. DCG has lost 17 headcount in the last 16 months. None of those roles were replaced.
  3. Accelerates our ability to reinstate volunteers that are currently working for free or reduced rates. In the past month 4 out of 8 volunteers opted to be reinstated. This is the only way to make DCG a sustainable option for these volunteers, many of whom cannot volunteer indefinitely.
  4. Reduces the impact from revenue shocks, which reduces disruptions to our staffing levels and inefficiencies that have resulted from unplanned layoffs and later backfilling positions.
What is the proposal funding?
As of June 4th 2020, DCG has 31 paid staff associated with the project. In addition, we have 2 volunteers who have decided to work for no compensation. Out of the 31 paid staff, 5 work part-time hours and an additional 4 have volunteered to reduce their salaries while we face budget issues. In total 6 volunteers are working for reduced or no compensation.  
Our run-rate in July will be $215,000 after taking into account voluntary pay reductions. 
With the two concurrent compensation proposals we are asking for total funding of $236,000 per month. At the current Dash price of $77 and assuming that both compensation proposals pass, DCG will be retaining a portion of funding we are allocated towards reserves. Our current reserve is at exactly 2.5 months salary expense run-rate. We target, at a minimum, a three month reserve in our compensation account and ideally six months to endure sustained periods of revenue impact.

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 July, August and September budget cycles:
· 398.33 Dash for core team compensation per month ($30,800 USD @ $77 per Dash)
·   1.66 Dash proposal reimbursement per month
Total: 400 Dash per month

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

Show full description ...

Discussion: Should we fund this proposal?

Submit comment
 
0 points,3 months ago
DCG might not have had to worry about barely having enough reserves if Evolution wasn't a total mess that is way behind schedule and with no coherent vision. I don't know what is going on at core but something is not right. Ryan recognized that user-friendly usernames is something that is needed, so DCG went and created the most complicated decentralized tier-2 data storage system possible with all kinds of design flaws that have had to be completely thrown out and overhauled in the years since its inception. It isn't even close to having a bare minimum viable product ready for main net. Can you tell me why I should bother having the masternodes host some JSON data for me? If we want this system to help increase Dash value, we need to communicate what it can do. The only thing I ever hear anyone get excited about are the contracts which turns out are not really contracts. A Dash Evolution contract is just a database schema so you can upload your own JSON documents into the masternode cloud. DCG needs to do a better job defining what the fuck Evolution is supposed to be and how it can be used so that we can attract developers and entrepreneurs. Hopefully it will turn out to be more than an empty data storage platform that no one uses.
Reply
1 point,4 months ago
Can you give us a breakdown of the currently employed 31 paid staff, their positions/titles? As well as a breakdown of the 17 headcount which were lost in the past 16 months? I'm uncomfortable with what I perceive as a lack of transparency around these issues - a full accounting of personnel would be information that members of a traditional board of directors would have full access to.
Reply
0 points,4 months ago
Hi JZ831,

Thank you for your comment.

https://www.dash.org/team/ : This link shows the 35 individuals currently associated with DCG. Of the 35, 31 are paid while 2 work for free and an additional 2 contribute on a sporadic basis.
Reply
2 points,4 months ago
@glenaustin what happened to the money spent on premises which could not be used during the coronavirus lockdown?
Reply