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Authorize Compensation for Inverse Finance Core Contributors

Executed
#009 - mills ERA

Created Mar 11th, 2022 - Executed Mar 17th, 2022

Details

Deployer

Proposal - Authorize Compensation for Inverse Finance Core Contributors

SUMMARY

Proposal to create allocation of vested INV tokens for core contributors to Inverse.

BACKGROUND

Inverse Finance is entering a new period of growth as we move towards product-market fit and solidify our position in the DeFi ecosystem. Up until now we have moved forward largely based on the incredible efforts of a handful of motivated, part-time volunteer contributors. In order to accelerate our growth and enhance Inverse's organizational abilities, the time has come to properly incentivize & reward our core contributors in a professional manner.

To attract top talent and align their interests with INV holders and the DAO, Inverse will reward core contributors with vested governance tokens in a way that is comparable to other DeFi projects.

NOTE: Nour's existing vesting contract will be replaced with a new xINV-staked vesting contract of the same amount and duration.

ACTIONS

Governance Token Allocations for Core Contributors (All allocations vesting for 24 months)

  • Allocate 1,000 INV tokens to Patb (Head of Growth, salaried, 0xE58ED128325A33afD08e90187dB0640619819413); calculated from 06/11/2021

  • Allocate 650 INV tokens to theAlientTourist (Senior Frontend Engineer, salaried, 0x34A7a276eD77c6FE866c75Bbc8d79127c4E14a09); calculated from 01/11/2021

  • Allocate 500 INV tokens to Naoufel (Data & Analytics, salaried, 0xFDa9365E2CDf21d72cb0dc4F5FF46F29e4aC59CE); calculated from 04/02/2022

  • Allocate 500 INV tokens to BasedXeno (Operations, core contributor, 0xb9f43e250dadf6b61872307396ad1b8beba27bcd); calculated from 01/11/2021

  • Allocate 300 INV tokens to CryptoHarry (Treasury Management, salaried, 0x962228a90eac69238c7d1f216d80037e61ea9255), calculated from 04/02/2022

  • Allocate 300 INV tokens to N3bs (Treasury Management, core contributor, 0xad4a190d4aea2180b66906537f1fd9700c83842a), calculated from 04/02/2022

  • Allocate 100 INV to Akarin (Mod / Social Media, core contributor, 0xD32066c2E31961aDf2A6fd0D57326dFf1e33FC29); calculated from 01/11/2021

  • Allocate 100 INV to 99Donuts (Mod / Social Media, core contributor, 0xC8A6fDd2586AF7980776DC610C159A92E9Db11C3), calculated from 01/11/2021

  • Allocate 100 INV to Karm (Mod / Growth, core contributor, 0x2723723FDd3Db8ba2D6f0e1B333e90A7E60A0411), calculated from 01/11/2021

  • Governance Token Allocations for Project Contributions (Non-vested)

  • Allocate 40 INV tokens to Nakamomo (0xbb20d477d4f22d7169ad4c5bd67984362be8bad0) for Inverse Plus project management; no vesting

Terms of Allocation

Vesting is over a period of 24 months from the date of calculation unless otherwise specified

Vesting continues automatically unless the Funding Committee votes to confirm that the core contributor is no longer providing productive input to Inverse Finance, or if the DAO votes to terminate the contributor.

Actions

Action 1
«
Set XinvVestorFactory's

INV

Allowance to

6,883.33713850837

»
INV
.approve(
XinvVestorFactory,

6883337138508370000000

)

Action 2

« Deploy a Cancellable XinvVester for PatB:

1,000

INV vested for 730 days with a starting date of Nov 6th 2021 »

XinvVestorFactory
.deployVester(
PatB,

1000000000000000000000,

1636156800,

63072000,

true

)

Action 3
«
Transfer

40

INV

to Nakamomo
»
INV
.transfer(
Nakamomo,

40000000000000000000

)

Action 4

« Deploy a Non-Cancellable XinvVester for Nour:

3,333.33713850837

INV vested for 304 days with a starting date of Mar 1st 2022 »

XinvVestorFactory
.deployVester(
Nour,

3333337138508370000000,

1646102934,

26280030,

false

)

Action 5

« Deploy a Cancellable XinvVester for TheAlienTourist:

650

INV vested for 730 days with a starting date of Nov 1st 2021 »

XinvVestorFactory
.deployVester(
TheAlienTourist,

650000000000000000000,

1635724800,

63072000,

true

)

Action 6

« Deploy a Cancellable XinvVester for Naoufel:

500

INV vested for 730 days with a starting date of Feb 4th 2022 »

XinvVestorFactory
.deployVester(
Naoufel,

500000000000000000000,

1643932800,

63072000,

true

)

Action 7

« Deploy a Cancellable XinvVester for BasedXeno:

500

INV vested for 730 days with a starting date of Nov 1st 2021 »

XinvVestorFactory
.deployVester(
BasedXeno,

500000000000000000000,

1635724800,

63072000,

true

)

Action 8

« Deploy a Cancellable XinvVester for CryptoHarry:

300

INV vested for 730 days with a starting date of Feb 4th 2022 »

XinvVestorFactory
.deployVester(
CryptoHarry,

300000000000000000000,

1643932800,

63072000,

true

)

Action 9

« Deploy a Cancellable XinvVester for N3bs:

300

INV vested for 730 days with a starting date of Feb 4th 2022 »

XinvVestorFactory
.deployVester(
N3bs,

300000000000000000000,

1643932800,

63072000,

true

)

Action 10

« Deploy a Cancellable XinvVester for Akarin:

100

INV vested for 730 days with a starting date of Nov 1st 2021 »

XinvVestorFactory
.deployVester(
Akarin,

100000000000000000000,

1635724800,

63072000,

true

)

Action 11

« Deploy a Cancellable XinvVester for 99Donuts99:

100

INV vested for 730 days with a starting date of Nov 1st 2021 »

XinvVestorFactory
.deployVester(
99Donuts99,

100000000000000000000,

1635724800,

63072000,

true

)

Action 12

« Deploy a Cancellable XinvVester for Karm:

100

INV vested for 730 days with a starting date of Nov 1st 2021 »

XinvVestorFactory
.deployVester(
Karm,

100000000000000000000,

1635724800,

63072000,

true

)

Proof of Reviews

Members allowed to make Drafts can sign the fact that they reviewed the Draft Proposal

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For Votes

10 voters

7.74k votes

BasedXeno

2.62k

PatB

1.85k

BenLavabo

1.44k

adamQ

1.07k

0xbea0...6c42

262.27

View All

Against Votes

0 voters

0.00 votes

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