Delegate Compensation Program (Initial 6-Month Term)
AI summary
This Compound proposal introduces a Delegate Compensation Program to pay delegates for their participation in governance. The program aims to increase delegate engagement and responsiveness by rewarding voting and public forum communication. It will run for an initial six-month pilot period, with compensation tied to objective metrics and clear oversight. The program does not change voting power or delegation mechanics, only introduces a payment structure.
If passed, Compound will allocate treasury funds to compensate up to 8 delegates who meet specific eligibility criteria, including holding at least 25,000 COMP in delegated voting power. This could lead to more active and engaged governance, benefiting the protocol's health, but it will incur a new operational cost for the DAO. The specific dollar amount of compensation is not detailed in the provided text, so the exact financial impact cannot be determined.
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Delegate Compensation Program (Initial 6-Month Term)
Authors: CGWG (@AranaDigital @PGov) in collaboration with @Compound_Foundation
Summary
This proposal introduces a Delegate Compensation Program to strengthen Compound governance by tying delegate remuneration to objective, measurable criteria. Delegates are essential to Compound’s governance, but the lack of structured compensation has contributed to declining participation and engagement over time. This is especially i…