We spent about a month deliberating how to compensate full-time members of the DXdao. However, most of the people this applied to have already been in this DAO for months. While it is important to structure compensation for the most core contributors of the DXdao, the process of becoming a DXdao member is going to look a lot different for people that have been on the come-up from May 2020 onward.
- 43.5% of the voting power in the DXdao belongs to 7 people. That’s an average of 6.2% among these 7. That means 7 REP holders already have more than the maximum REP issued in a 24-month engagement, according to the Workers Compensation Guidelines.
So while this result may not have been engineered, there is an imbalance that must be acknowledged and curbed over time.
One of the ways we can do this is a minor fast-track for people who the DXdao agrees are valuable contributors and worthy of voting power and compensation. But we have to do this with discretion so that the precedents we set do not lead to further imbalance.
We should encourage members to ask for compensation for the completion of smaller, bounty-like tasks, such as finding bugs, providing and documenting liquidity in our products, organizing small-scale marketing and liquidity campaigns, etc. so they can get a feel for the rhythm of task completion and asking for compensation. REP can be distributed more liberally this way.
Monthly rep compensation in a worker engagement is 0.166%. I want to propose that the first 3 bounties a person completes can warrant up to .225% REP range per bounty. In a month’s time they can gain minor compensation wins that will prepare them for longer engagements. So this structure of the 3 bounties provides a thin barrier to entry, and a fairly accelerated distribution of REP to mitigate the REP imbalance. Once you hit the .5%-.675% range, you become “eligible” for a fulltime engagement with the DXdao in periods of 45-60 days. This initla bounty-period allows newcomers to earn REP at 3x the pace of a full-time worker, which I think is pretty fair. Once you’re past the bounty period, compensation follows the guidance of the Workers Compensation Guidelines.
My numbers are totally up for debate (e.g. maybe we only need 2 bounties at .25% each). My point is people need to start small, while still being incentivized to work in the DXdao long term.
That way 10 new members would warrant a 5-6.75% inflation, with full-time engagements resulting in 1.6% or so inflation per month.
These are my ideas. Feedback of all forms encouraged.