[HIP-37] Authereum Labs Engagement Adjustment
Background Last January, Authereum Labs was engaged 8 to provide the following services:
- Research and development of the Hop Protocol roadmap as directed by Hop DAO.
- Day-to-day operation, development, and improvement of the Hop frontend currently hosted at hop.exchange.
- Open ended research related to trustless cross-chain infrastructure and other technologies that may be relevant to Hop.
Our team has been executing these services without pause, however, with a smaller team than expected. As a result, costs have been much leaner than expected but our estimated timeline for the completion of Hop v2 has been extended to q1 next year. In light of this, we think a reduction of payments is in order.
Proposal Reduce payments for Authereum Labs by 50% from $115,000/month to $57,500/month both retroactively and looking forward.
Execution This payment reduction will bring down the total owed to Authereum Labs for February 1st to September 31st from $920k to $460k. If Hop DAO possesses stablecoins, $260k of the $460k should be paid to Authereum Labs and $200k should be deferred to another date. The Community Multisig should start regular payments at the end of October and should hold approximately 4 months of expenses as stated in the original proposal 8.
Voting Options Reduce Authereum Labs payment to $57,500/month No action Abstain
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x9A04...c7C1E8 | 5.006M | Reduce AL payment to $57.5k/mo |
 0xF4B0...91D8fA | 1.244M | Reduce AL payment to $57.5k/mo |
 0x2B88...537d12 | 574,177 | Reduce AL payment to $57.5k/mo |
 0xDE3b...fFdb9b | 571,335 | Reduce AL payment to $57.5k/mo |
 0xA2b1...abE5f7 | 437,588 | Reduce AL payment to $57.5k/mo |
VOTE POWER
Proposal Status
- Fri September 29 2023, 06:05 pmVoting Period Starts
- Wed October 04 2023, 06:05 pmEnd Voting Period
Current Results
1-Reduce AL payment to $57.5k/mo
8.959M
2-No action
489.968
3-Abstain
328.16