DAO Compensation Sustainability ⏳

Lefteris has told me privately that full time contributors to Rotki make $30k - $50k per year.

That was supposed to be private!!1oneone. :rofl:

(kidding).

So It’s true. We are ready to pay up to $80k for the most senior engineer position but we have not yet found a good match for such a position.

But indeed from these numbers you can see, that a lot is possible with smaller numbers. And it’s not we don’t want to pay more. We just can’t afford it since we are a small self-funded startup with some community support via gitcoin grants.

  1. If I were to start this project all over again, should I have gone the Giveth/Rotki route?

I would definitely have gone with something leaner. But in retrospect we are all geniuses.

  1. Is the DAO in for more hard times if it continues Holdings’ compensation patterns?

Absolutely. This is not sustainable.

  1. Is there a DAO-wide compensation policy in the works? Should this policy be consistent in both times of abundance & scarcity?

That would be nice and would make sense as part of the DAO Ops subgroup.

  1. Can the DAO sustain these compensation policies if we are no longer the market leader ?

It’s not a question of can (I think it can’t), but if it should. And imo it should not. It should try to become a lean machine that spends only as much as it needs to spend and not a penny more. If there is any income, that income creates a surplus and we got abundance then we can revisit this.

  1. What is the DAOs compensation model? What are the workstreams compensation models?

So far I see each workgroup doing their own thing and following no rules/framework/patterns. It would be nice to standardize everything as part of the DAOOps workgroup.

  1. What would have to be true for the DAO to create great software, become a market leader, get to financial sustainability, and pay web2-competitive salaries (the virtuous cycle I personally think the DAO should be aiming)

Here I am gonna say something you may not like to hear. I don’t think DAOs can build good software. A DAO is a very political machine, getting into governance, trying to get everyone heard, doing votes, politics and what not.

Good software is built by 1-2 architects/CTO and a small, lean and effective development team.

I don’t think a DAO can build good software. Perhaps it can hire a team that will be able to and maybe create a very good and clear specification for them to implement.

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