Voting period: 7 days
Categories:
Social Proposal
Request for Action
Constitution Amendment
Abstract:
This proposal recommends allocating an end-of-year bonus equivalent to 10% of each executive’s annualized salary, to be paid in XTZ, for the Tezos Domains DAO executives. The year 2024 has been a pivotal yet challenging period for the DAO, characterized by a prolonged bear market and historically low activity levels across the Tezos network, including Tezos Domains. Despite these difficulties, the DAO executives demonstrated unwavering dedication, ensuring continuity and preparing the DAO for future opportunities. This bonus serves as a token of appreciation for their contributions while setting an important precedent for encouraging active participation and resilience in the DAO during challenging times.
Rationale:
The year 2024 tested the resilience of the Tezos Domains DAO. Despite the recent rally in XTZ price, trading volume, and network activity, the Tezos ecosystem faced significant challenges for most of the year (as did much of the blockchain world until very recently). These included XTZ prices hitting cycle lows and a noticeable decline in other network fundamentals not seen in years. As a consequence, Tezos Domains experienced a sharp drop in participation, reaching some of its lowest levels.
Through this period, the DAO executives played a crucial role in navigating these challenges, maintaining the DAO’s operations, and laying the groundwork of continuity for future growth. Their contributions deserve recognition, not only as a reward for their perseverance but also as an incentive for continued participation in the Tezos Domains DAO’s mission.
By providing this bonus, the DAO reinforces its commitment to valuing its executives, establishes a precedent for recognizing such contributions in difficult times, strengthens morale within the community, and helps attract and encourage top talent to take on these important roles in the future.
Details:
The end-of-year bonus will amount to 10% of each executive’s annualized salary and will be paid in XTZ, consistent with how their salaries are distributed. (For example, an executive earning 250 tez per month would have an annualized salary of 250*12 =3000. 10%*3000 =300. Their end-of-year bonus would therefore be 300 tez.)
The bonuses will be distributed no later than seven days (168 hours and 0 minutes) after the proposal passes, ensuring executives receive their rewards in time for the holiday season.
This proposal is not intended as a commentary on the individual performance or aptitude of any specific executive within the DAO. Rather, it recognizes the importance of the executive positions themselves and the critical role they played during a formative year. Establishing this bonus is an essential precedent, reaffirming the DAO’s commitment to recognizing such contributions and active participation during challenging times while encouraging talented individuals to step into these vital roles in the future.
Specification:
Action #1: Allocate an end-of-year bonus equivalent to 10% of each executive’s annualized salary, paid in XTZ.
Action #2: Distribute the bonuses no later than seven days after the proposal passes (168 hours and 0 minutes), to ensure timely recognition.
Action #3: Maintain transparency in the calculation and distribution process, ensuring all records are clearly documented for accountability.
