Proposal “dash-core-group-supplemental-comp-decemb“ (Active)Back

Title:Dash Core Group Supplemental Comp (December - February)
Monthly amount: 266 DASH (24125 USD)
Completed payments: no payments occurred yet (3 month remaining)
Payment start/end: 2020-11-13 / 2021-02-10 (added on 2020-11-09)
Votes: 922 Yes / 45 No / 0 Abstain
Will be funded: Yes
External information:
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gobject vote-many 9b9b2e500eed902f54c54b58a5ef992a6a1db59efc3b5eb6892db0e3cdf6ce8c funding yes

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Proposal description

Dash Core Group December 1st Funding Proposals
DCG is submitting 3 funding proposals for the December 1st budget cycle:
1) DCG Compensation: currently month 2 of 3
2) DCG Compensation Supplemental Proposal: $18,000 / month (Month 1 of 3)
3) DCG Infrastructure: $18,000 / month (Multi-month: Month 1 of 3)

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 December, January and February.

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 infrastructure reserve.  
We have submitted a supplemental compensation proposal to the network in the past.  The following language is a repeat of the language posted in the previous supplemental proposal:
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 19 headcount in the last 19 months. None of those roles were replaced.
  3. Accelerates our ability to reinstate volunteers that are currently working for free or reduced rates.  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 November 9th 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 people 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 December will be $215,000 after taking into account voluntary pay reductions. 
With the two concurrent compensation proposals we are asking for total funding of $196,000 per month. At the current Dash price of $67 and assuming that both compensation proposals pass, DCG will be slightly dipping into our compensation reserve on a monthly basis. Our current reserve is at exactly 2.2 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 December, January and February 1st budget cycle:
· 264.34 Dash for core team supplemental compensation ($18,000 USD @ $67 per Dash)
·    1.66 Dash proposal reimbursement (5 Dash over 3 months)
Total: 266 Dash / per month

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

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Discussion: Should we fund this proposal?

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1 point,7 days ago
Always no for DCG.
1 point,9 days ago
"DCG has lost 19 headcount in the last 19 months. None of those roles were replaced."
Many more to come ... when will the MNO realize that DCG failed and stop pumping money in this broken system?!
All this hyped upgrades, best Blockchain etc. ... and still 95% of the Value gone since 2017, worse then any other Project!

Just want to say goodbye as I'm selling my last MN today! Lost hope that things will change as DCG + Fanboys controlling the majority of the MN and can always vote in their favor.
0 points,7 days ago
If that's how you choose to evaluate Dash then all I can say is... it was nice to have you as part of the community and good luck with your future endeavours.
0 points,9 days ago
Actually the worst project is currently Bitcoin Cash (96,96%), then IOTA (95,42%), then Dash (95,09%), followed very closely by a whole lot of other Altcoins between 90% and 95% down from ATH.
0 points,17 days ago
Nothing to see here, just drowning in red ink. Did you see Fernando's funeral, I mean resignation on the quarterly call? Perhaps it is not too late for DCG. Seriously though, vote this in.
0 points,15 days ago
I haven't been following things closely. Can you clarify your metaphors and whether you are serious or sarcastic?