Olympus DAO

Summary: Seek Authority from the community to establish compensation and bonus framework.

Motivation: The DAO has been operating under the framework introduced in stopgap budget proposal OIP-47A, since that time the DAO has added a governance council, and worked to reduce monthly spend. The stopgap budget proposal was never intended to be permanent, but allowed the DAO the bandwidth to flex and contract within the market demands of the time. Now we propose to adjust the framework, and add a longer term horizon and stability for contributors, so that the DAO can retain and reward contributors who help to push Olympus to its goals.

Background: Historically there have been two schools of thought, both from within the DAO as well as from the community server:

Contributors are over allocated

Contributors are under allocated

No matter the plan that is presented, it is impossible for both groups to be fully satisfied. Therefore this proposal is based on months of effort with the aim of satisfying what makes the most logical sense, and keeping in mind what is best for the protocol’s overall health.

Goals: The aim of the plan is to induce stability and security for contributors, as well as for the protocol. Contributors want to forecast allocations, and budget accordingly. Likewise, the DAO benefits from being able to project out costs and expenses so that it can adjust when necessary and by retaining top contributors.

It’s important to note contributors are not employees, nor will they be, but will be acting as contracted members.

For more information, please consult the forum discussion:

https://forum.olympusdao.finance/d/1231-oip-102-compensation-plan-with-bonus-structure

Vote:

For - Implement the compensation plan and bonus structure Agasint - Do nothing