KlimaDAO Forum

For context, Olympus does 1 OHM for 1 KLIMA minted for the DAO

This should read

For context, Olympus does 1 OHM for 1 OHM minted for the DAO

Equity based compensation is based on a persons belief in and expectation of future value/price isn’t it? I’m not sure how I feel about adjusting equity compensation based on current price/value.

I do understand people may need a basic level of “fiat” comp. Can we structure compensation to have one part stable and one part KLIMA in that case?

Do we collect USDC from the protocols USDC/KLIMA LP?

As a contributor I would support this (I am also obviously biased), but more importantly, as an investor, I would also like to see this being flexible on the downside and allowing the DAO take to go back to 10% if/when things improve. Hence I'd like to see a clearer methodology and strategy with milestones.

At this early stage of KlimaDAO's existence, recruiting and retaining top-tier talent should be one of the highest priorities. If we are not able to properly compensate our contributors, development will suffer and put KlimaDAO at a marked disadvantage when we can least afford it. Amending to 30% to fund DAO finances is the minimum that should be done. As the KIP notes, OlympusDAO does 100%.

I'd like to caution against casting aspersions against the Klimadao contributors. I contribute in several departments and am continually impressed with the surplus of talent and lack of ego I see there. I have seen nothing that makes me think any of them are trying to game allocations. Those who know me know that I would speak my mind if that was the case.

I will be voting For on this proposal to allow top-tier talent to build KlimaDAO into a world-class organization. We have the potential to be a game changer both in terms of carbon markets and in the nature of work, and this KIP is a necessary step to getting there.

In tough times, organizations that survive and eventually thrive are the ones that are able to tighten belts and push through challenges. I don't believe it wise to expand payroll at a time when market outlook is tough, we have been unable to secure new investor interest and have so far not shown much in the way of visible progress - same old website, same old talking points, very little in the way of concrete results. Based on observations current investors can barely keep up with bonding as it is. The hard work of contributors is extremely appreciated but this should be put on the back-burner until there are signs of progress that are visible to those that aren't able to see 'behind the scenes' on the contributor server. Speaking as someone with experience running an organization that profited in every single year of the more than 10+ in operation, this does not appear to be the ideal time to increase costs.

All for fair compensation but I am strongly in favor of a vesting period would mitigate the potential selling pressure created by this.

ShredTheGnar You say "so far not shown much in the way of visible progress" and I don't disagree, but have you considered this may be related to a lack of funding?

I am helping to process applications for the DAO and can tell you we have a giant pool of talent just itching to pitch in.

I think this next month, you'll really start seeing some of the hard work our existing contributors are putting in. And I think this is exactly the moment we need to bring on more talent and work harder. We have the first mover advantage for now, but ReFi is a rapidly evolving space with some heavily funded projects. Let's keep KlimaDAO in the lead.

Joaquin It's 83 contributors across 7 departments, namely Engineering, Policy, Ops, Partnerships, Marketing, Creative and Community. From my understanding, it's meant to see it as a collective as a DAO rather than individual departments.

I think this is a good idea, as long we treat this as a temporary measure and we trend down to the 10% DAO fee as we grow larger.

KlimaDAO is very much akin to a startup right now, meaning we must expend capital in the short term to capture the majority of potential growth for the long term. I'm fine with going even higher.

for reference with dilution, since the amount in the DAO is uncirculated, it is unbacked until it is sent out of the DAO wallet (i.e it would be burnt first)

reikuman Thank you for the replay. I got confused with the table showing the # of contributors, the table displaying the compensation payments distributed in the last 4 months, right?

So 87 contributors across 7 departments are more or less 12 contributors per department. Good, now I can see clearly that the numbers are low and we should invest more in the contributors to secure Klima's goals. I support the initiative.

Sirob I very much agree with this.

Would be good to understand how the proposal will impact expected runway. A little bit worried about us only having 3 months runway, would suggest we should make it such that the increase will make it the treasury inflows from bonding roughly equate to our burn rate.

On some level a reduction in mcap might at some point warrant a decrease the growth in amount of contributors involved in the project. We can't forever keep increasing our costs whilst inflows reduce.

Definitely in favor of the proposal though.

Based on Klima minting Dune it seems that the DAO rewards in approx. 3650 Klima/week if I calculate the average over 8 last weeks. And you say that 1700 Klima is used for contributor rewards. Could you open up the rest of the cost basis? Using these figures, and counting also council that I assume includes department heads?, it seems that the DAO rewards still can cover the costs using the current reward multiplier 0.1.