Olympus DAO

Please see the forum for full details and discussion: https://forum.olympusdao.finance/d/1016-oip-75-olympus-compensation-process

Summary

This proposal aims to create a permanent approach to compensating dedicated contributors that is transparent, fair, and rewards long term engagement. This proposal builds on OIP-47 - Olympus Stopgap Budget Proposal - which specified the maximum monthly allocation by role but did not define the process for determining allocations or frequency of payments.

This proposal is the result of over two months of community discussions, including a DAO-wide sync on December 6, 2021. It incorporates over 200 comments and suggestions from community members.

Motivation

The current compensation system is not scalable as we grow, and we have reached the limit of its capabilities. Lack of standardization around compensation per contribution effort creates unnecessary stress for contributors, strategos, and the community alike.

There needs to be transparency around the roles available and the compensation associated with those roles. OlympusDAO risks losing (and will have difficulty attracting) top contributors, unless changes are made.

Olympus has an opportunity to lead by showing that DAOs can be attractive career choices and by building a framework that makes OlympusDAO the top choice for DAO contributors.

Proposal

Olympus will set compensation for contributors based on two factors:

Role: defines the skills required to contribute (e.g. engineering, marketing, operations). Level: contribution for a particular pay period (e.g., story points, OKRs, deliverables). The quadratic compensation model recognizes and rewards the asymmetrical value provided by top contributors while also providing a way for new contributors to onboard and be recognized.

VOTE:

For: adopt a standard approach to compensating contributors across the DAO.

Against: continue having inconsistent compensation models across each Stratego and group.