The primary consideration for the amount of tokens is our ability to be meaningful voting participants within the DAO as well as aligning the CWG with the interests of all token holders for the foreseeable future. Additionally, besides the team, the Jupiter Working groups are the primary action entities within the Jupiter ecosystem. Most of the work on the Jupiverse will come from JWGs, and therefore precedent must be set that JWGs are worthy of allocations, and must be aligned with token holders and the DAO so that they aren’t subject to outside influence.
This is a multi-year effort for each of the working group members.
The $400k is the dedicate pay, consider this pay for our “job.”
The token allocations are meant to incentivize long-term, multi-year, thinking and action. It is the difference between us making this our “job” versus making this our “career.”
Justifying a larger allocation for the purpose of a larger voting weight in the DAO is inappropriate. It seems more appropriate that the DAO would add countermeasures to preventing excessive influence by recipients of funding allocations to reduce the effects of voting in self-interested proposals.
Well said bro. Working Group members should and must be incentivized to continue their hard work and this proposal is the right way. We as voters and token holders should support it.
Kemosabe delivers; I’ve watched him since we all got rugged on SolBears and even with the solana ups and downs he continued through it all and completed the Bears Reloaded. While I am mostly a silent holder, Kemosabe is thoughtful and dedicated to his job.
With that being said I believe the 3.5M JUP incentive proposed with a 12 month vesting - 6 month cliff strikes a happy medium addtionally there should be some consideration given for a retention grant for the builders here which needs to be discussed. I would hate to see this workgroup lost to other projects and with it tons of institutional knowledge.
These are members putting their heart and soul to the Jupiverse and the DAO, and they are doing a great job at it. If anyone should have a “large” allocation as you call it, it should be them in my opinion.
So if we talk about long term, multi year and not a yearly salary, we could imagine the lowest scenario of 2.5M JUP with a 6 months cliff 3 year vesting ?
The $JUP allocation is wildly undervalued for the $USD budget in the proposal. It may be reasonable to over allocate $JUP to ensure there is sufficient funding for the goals of the team. There needs to be a clear objectives for the appropriation of excess value realized during or at completion of the working period. This should include detailing the beneficiaries, measurables, and deliverables. Will CGG extend the length of the budget if they are paid over the budgeted amount or will additional value be spent on other beneficial expenses?
Anything is possible — we’re likely going to do a Discord poll with multiple allocation options as informed by this discussion here. In the coming days as well as a Town Hall to discuss the proposal on Thursday. This will inform the final yes/no vote for DAO approval.
The framing of this proposal is based on the yearly financials of the DAO — for additional clarity, the DAO wallet holds 100mm $JUP and $10mm USDC. Each year this wallet will be topped up to those amounts by the team to incentivize growth over a more scarcity-based mode of operation.
Not an expert in this field but aware of ridiculous budgets or salary people working in this space are on. The budget here to me looks like a fairly reasonable request considering the workload and responsibilities clearly outlined in details in the CWG plan.
Couple of questions for clarification about the pay and token vesting. For running the CWG, the pay is coming out to $80-90k for full time, $80k for overflow, and then rest to part time. In addition to this for 1 years worth of work there would then be a 2.5-5 M JUP payout on top which currently would be worth over $3.5 M USD? To be clear those tokens would simply be for incentivizing pay for quality work? What performance metrics would lead to unlocks? Besides time based vesting schedule can you provide more details on what metrics would need to be made to justify a huge payout? Also as for voting weight and power, why not propose that you have proxy vote of a set amount of tokens for the CWF that can be used to vote but not to be transferred or pay out?
From what I’ve seen from the CWG so far, you have my vote for for the 400,000 and 5M JUP. As a former business owner, I see the value in incentivising and paying strong talent! Especially in the beginning. This CWG will set what will hopefully be a strong foundation of our blossoming DAO. If we want to truly become one of the greatest DAO’s ever, we need a strong foundation and a reason for this awesome CWG to continue to guide us to greatness. With that being said, i would also like to see a little more transparent breakdown of the 5M JUP, how much to each individual. How much to attract new talent, % of current DAO allocation, and also as a % , the 400,000 USD allocation.
Everyone in CWG has been working very hard to get us where we are today. Thank you! Job well done!
This proposal seems very reasonable and therefore you have my full support for an aggressive expansion which in the long run will benefit everyone.
We are ready for lift off! J4J!
This is an excellent proposal that is tackling the strategic long-term growth of both the DAO and the Jupiter community. The expertise of the core Working Group is also hugely impressive. We are very lucky to have these gigabrains onboard. I will be supporting the aggressive approach to the expansion of new CWG members and community initiatives. Now is the time to proactively build towards a stronger and thriving Jupiter community.
Aggressive expansion sounds good and CWG should be well paid. But where is long term vision? I wouldn’t say that “career” is made in 1-2 years. Therefore I think vesting should be longer minimum 3 years optimally 5. We need you guys in long term. Longer vesting would remove need for many metrics, as incoming tokens would still incentivize CWG team - simplicity is effeciency. How long do you guys think you would be able to work for CWG efficiently, maybe you can become advisors or “board members” after some time. We need your motivated presence as long as possible
