Summary

This proposal initiates the annual review of compensation and governance allocations as required in VDP-72, and seeks to appoint a review squad made up of resources with verifiable experience in compensation design to review the compensation and governance allocations defined in VDP-72.

The output of the review will be a report back to the community with proposed adjustments to VDP-72 for community vote.

The deadline for the completion of the review is September 7, 2023.

Team

Todd White, Paul Kohlhaas, Alex Dobrin

Motivation

VDP-72 outlined a compensation framework for VitaDAO which addresses the different types of contributors and their roles and opportunities for both compensation as well as governance allocations.

VDP-72 requires that an annual review be conducted to reassess compensation for the following year, and while VDP-72 itself was brought into force earlier this year, the annual review was intended to align roughly with VitaDAO’s anniversary of June 23rd. The basis for the current figures in VDP-72 were based on work done between July 1, 2022 and December 2022.

Additionally, as part of the review, there is a desire to have a more holistic view of compensation for VitaDAO within the context of the wider web3 eco-system and startup biotech organizations.

This proposal initiates the annual review of compensation and governance allocations as contemplated in VDP-72, and seeks to appoint a review squad made up of resources with verifiable experience in compensation design.

Specification

1. This proposal serves as notice to the community that VitaDAO is seeking expressions of interest for participation in the compensation review squad.

2. The squad shall consist of a minimum of 5 and no more than 9 members.
3. Squad members shall self-organize and may request support from the Coordination Working Group including access to historical data, and other information deemed relevant.
4. Squad members shall receive a bounty which shall be established as part of the VDP enacted as a result of this review.
5. Governance allocations under the L-TIP program of VDP-72, Appendix E shall be paused effective July 1, 2023 until the completion of this review and any subsequent changes are implemented. Governance allocations will be allocated retroactively based on the results of this review. Amounts vesting under VDP-67 and VDP-97 are unaffected.

Implementation

1. Interested parties shall send an e-mail to compensation@vitadao.com by July 14th, 2023 indicating their interest in participating, and providing a brief bio identifying their experience in developing and administering compensation policy and design. References may be requested to verify this experience.
2. The pre-qualified candidates for the squad shall be presented to the community on July 18th on Discourse, and move to a ratification vote on Snapshot.on July 22nd
3. The target start date for the squad is on July 29, 2023.
4. The squad will be required to report to the community on or before August 22, 2023.
5. A community call or other engagement with the community to discuss the report is anticipated on or before August 25th.
6. Any proposed changes to VDP-72 will be put forth in a proposal to be published on Discourse on or before August 29th, for ratification by tokenholders by on-chain vote via Snapshot.

Timeline

• Expression of Interest to Participate in Compensation Squad July 14, 2023
• Announcement of Pre Qualified Candidates on Discourse July 18, 2023
• Ratification Vote on Snapshot for Squad July 22, 2023
• Squad commences work July 29, 2023
• Report from Squad due August 22, 2023
• Community engagement/call August 25, 2023
• VDP Proposal to implement changes August 29, 2023