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Proposal for Retroactive INV Grants for DAO Contributors

Executed
#205 - mills ERA

Created Jul 22nd, 2024 - Executed Jul 27th, 2024

Details

avatar

PatB

Forum proposal here: https://forum.inverse.finance/t/proposal-for-retroactive-inv-grants-for-inverse-finance-dao-contributors/431

Background and Summary

In Q3 2023, an improved structure for INV contributor vesting was proposed as all INV vesting contracts were due to begin expiring in November 2023. The new vesting structure was added to the product development pipeline and contributors agreed not to propose individual INV grants pending the approval of the new structure for all contributors. Due to delays in implementing the new contract, an interim INV grant proposal was proposed and recently passed, however it is forward-looking and by design does not address the period between the lapse of individual vesters and the May 1, 2024 start date of the interim proposal. As referenced in the text of that interim proposal, the purpose of this proposal is to compensate contributors for this period.

Proposal

Award INV to contributors at the lowest rate allocated to any contributor prior to the interim proposal and according to the number of days between the end date of their last INV grant and the May 1, 2024 start date of the interim proposal. For Product Working Group developer @Tabboz, who joined on a part-time basis on August 26, 2023 and agreed to delay his individual INV grant proposal pending the availability of a new INV vesting contract, it is proposed that he be awarded at the lowest of the full time allocations, 0.356/day, divided by two or 0.178/day.

NameVesting End DateStart Date of new INV vester -1Days UnpaidxINV/dayunpaid xINVTotal unpaid INV* (*current xINV exRate)
0xMT4/2/20245/1/2024290.35610.3278.31
Cryptoharry2/3/20245/1/2024880.35631.33237.62
Edo2/28/20245/1/2024630.35622.43170.11
Naoufel2/3/20245/1/2024880.35631.33237.62
Patb11/6/20235/1/20241770.35663.01477.94
Alien11/1/20235/1/20241820.35664.79491.44
Tabboz*8/26/20235/1/20242490.17844.32336.17
Current xINV exRate:7.584825631Total267.532029.20
*retroactive

Conclusion

This proposal ensures that contributors receive fair compensation for the period between the old and new INV vesting contracts.

Actions

Action 1
«
Transfer

78.31

INV

to 0xMT
»
INV
.transfer(
0xMT,

78310000000000000000

)

Action 2
«
Transfer

237.62

INV

to CryptoHarry
»
INV
.transfer(
CryptoHarry,

237620000000000000000

)

Action 3
«
Transfer

170.11

INV

to Edo
»
INV
.transfer(
Edo,

170110000000000000000

)

Action 4
«
Transfer

237.62

INV

to Naoufel
»
INV
.transfer(
Naoufel,

237620000000000000000

)

Action 5
«
Transfer

477.94

INV

to PatB
»
INV
.transfer(
PatB,

477940000000000000000

)

Action 6
«
Transfer

491.44

INV

to TheAlienTourist
»
INV
.transfer(
TheAlienTourist,

491440000000000000000

)

Action 7
«
Transfer

336.17

INV

to Tabboz
»
INV
.transfer(
Tabboz,

336170000000000000000

)

Proof of Reviews

Members allowed to make Drafts can sign the fact that they reviewed the Draft Proposal

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For Votes

4 voters

118.11k votes

avatar

0x759a...f430

104.12k

avatar

PatB

5.76k

avatar

Mason

5.22k

avatar

AlienDev

3.01k

Against Votes

0 voters

0.00 votes

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