Pickle DAO

Intro & Background

Please see the forum post for the background and the community feedbacks here

Proposal

This proposal aims to implement the following compensation for Larry:

1. a base salary of $12,500 per month ($150,000 per annum);
2. a grant of 10,000 PICKLEs vested over 6 months;
3. an undertaking to review these numbers in 6 months;

Additional Information

The current financial situation of Pickle as of 10 February 2021:

1. total Treasury assets totalling $1.78M, including $1.3M in the Smart Treasury;
2. over 2 years of runway, with current monthly operating expenses at around $70,000 / month;
3. positive operating cash flows, with current TVL of >$40M, several triple-digit yield jars that net us 20% performance fees, and expected large receivables of vested $SUSHI from the Onsen;