Hugh
So, I have heavily bled like everyone else. Even with selling out and trading, and heavy DCAing, I would still need a 6x to come out ahead. God help those who came in early and just 3,3ed... This is not news to anyone.
To have any hope of surviving until the next hype phase, you will need to vastly trim down your team and payroll expenses. Given the wild spending on payroll during 'full bull ponzi phase', are you also going to be adjusting pay to reflect the market?
A large reason for the price action could legitimately be that you are paying staff an outrageous amount for jobs that they would have taken a quarter of that for, and paying them in $ values in a token doing a Hindenberg impression. Of course they are dumping fully on receipt... It's rational.
Other projects I am in pay the team in their own shitcoin, true, but also have rules against dumping. I know that you have not had similar rules.
So, I voted yes for this proposal. God yes, pay the staff in USDC - higher than 50%, or it will just be dump pressure every month... (Check the wallets of your contributers before the decision, lets see how much Klima they still hold - I'd wager very very little)
But you need to sit down and actually work out who you need, and what you need to pay to keep them. This is based on what they can get elsewhere, not on what you feel would make them happy.
Bull run wages are over. 50% pay cuts on all that are left. Promise the other 50% in Klima when the price recovers. Who knows.
But the obvious concern is that this is just a way to drain the treasury by paying a bloated payroll of barely required staff on obscene salaries. Which is a slow rug through stupidity, if not direct malice.