Forum post: https://forum.inverse.finance/t/payroll-extension-proposal-1/633

(This proposal is divided into two votes due to the large number of on-chain actions)

Summary

This is the first Payroll extension proposal following the recent approval of the Payroll restructuring proposal. With the DAO’s stablecoin runway being ~12 months, this proposal cuts yearly spending on Payroll from 1,440,000 DOLA down to 936,000 per year, increasing runway to ~18 months. INV compensation spending is reduced from 16,617 to 13,643 INV per year. This is done by reducing the stablecoin pay of all paid contributors as well as by reducing the team size.

Changes to Payroll bands

Base DOLA compensation of both A and B contributor bands will be reduced. This will result in the reduction of base compensation of all contributors.

Despite the base compensation cuts, the total comp for all contributors will range between $186K and $224K based on an INV price of $38. More on INV compensation further below.

Extended contributors

Unfortunately, Pat B and Naoufel will be departing from the team. The total team size will be reduced to 7 paid contributors.

The contributors listed below will have their DOLA pay extended until September 30, 2026. This includes three months of potential severance pay in the case of no extension after June 30, 2026. More details can be found in the Payroll Restructuring Proposal (Mills#322).

INV compensation restart

This proposal restarts INV compensation for active contributors after it was not restarted due to the end of working group seasonal proposals. Below are the rates for each contributor:

This proposal both restarts INV compensation going forward and provides retroactive compensation for the period from May 1st, 2025, through the present. The grants for active contributors will last until EOD June 30, 2025 (covering both retroactive and forward-looking INV).

This means contributors will be granted INV covering 426 days (1.167 years):

Benefits for departing contributors

To support departing contributors as they transition to new roles, the proposal provides:

• Severance is one-time, 3 months of pay streamed in DOLA, and contingent on successful off-boarding (handover of access, documentation, and transitional support).
• Retroactive INV: The INV compensation that was paused for the last working group season vested over three months. Retroactive INV Calculation: 1st May to 7th December, 220 days (0.603 years)
• Transition support: Assistance from the DAO when possible to help them secure new roles, including through our network of partners.

Below are the departing contributors and their benefits:

To the departing contributors

I say this on behalf of everyone in the DAO: We’re grateful for your work, grit and dedication through the toughest chapter of the DAO’s history. You spent years rebuilding this organization from scratch. The DAO will continue to reap the benefits of your work for many more years.

Pat and Naoufel, thank you for your service to the protocol, its holders and its users.

On-Chain Actions

New INV Vesters to be deployed:

New DOLA Payroll to be added:

The on-chain actions will be:

• Remove the 9 contributors from the old payroll contract
• Set DOLA allowance of old payroll contract to 0
• Add 9 contributors to the new DOLA payroll contract
• Mint 8,000 INV to the Treasury
• Set the INV allowance of XinvVestorFactory to 18,243
• Deploy cancellable vestors for the 9 contributors