Title: Peel recurring payout reduction
Author: aeolian
Date: 2022-05-30
How to fill out this template.
Thesis:
Reduce Peel’s recurring payout amount.
Abstract:
Reduce Peel’s recurring payout amount to US$35,000 (representing a US$11,000 - 23.9% - reduction).
Motivation:
Juicebox DAO recently approved a payout increase for Peel to hire new folks. Since then we’ve on-boarded 3 new contributors - jmill, wraeth and Benjamin - who have all made meaningful additions to juicebox.money. These folks will continue to contribute and their responsibilities will expand in time.
We don’t feel we should continue accelerating hiring at the moment, and therefore don’t need as much budget for the foreseeable future. We feel it’s more important to conserve Juicebox DAO funds. We will continue to pay our contributors rates commensurate with the value they’re providing, and in the context of reasonable market rates.
We hope this proposal sets a precedent for recurring payout beneficiaries to consider tightening their budget where possible.
Risks:
- Peel is unable to fulfill the demands of Juicebox DAO due to decreased (future) capacity.
Specification:
catagory
Rationale:
US$35,000 is enough to cover out current expenses, including buffer for variable expenses (like infrastructure) and contributor payout increases due to increased availability to contribute.
Timeline:
Payout reduction to take affect immediately.
Copyright Disclaimer:
Copyright and related rights waived via CC0.