[GIP-248] Amendment — KPI & Tiered Performance Bonus for BD Initiative
AI summary
This proposal, GIP-248, amends a previous proposal (GIP-232) by introducing a new performance bonus structure for the Business Development (BD) initiative. It outlines a tiered bonus system (Good, Great, Awesome) that can increase the BD team's base annual compensation by 20%, 50%, or 100% respectively. These bonuses are determined quarterly by a review committee based on qualitative factors, including risk management, partner relationships, and community feedback, with Total Value Locked (TVL) growth serving as an indicative, but not sole, metric.
If passed, the BD team, specifically Jorge, could receive significant additional compensation, paid 50% in stablecoins/pool assets and 50% in GEAR tokens, based on the committee's assessment of their performance. This change aims to better incentivize and reward the BD team's contributions, as the previous referral-based system was deemed unreliable for tracking their impact.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
(to be appended to GIP-232 and replace the existing KPI section)
| Tier | Total Bonus Uplift* | Illustrative TVL Growth Milestone** | Deciding Body |
|---|---|---|---|
| Awesome | +100% | ≥ $150M USD | Review Committee |
| Great | +50% | ≥ $60M USD | Review Committee |
| Good | +20% | ≥ $20M USD | Review Committee |
*' The uplift is applied to BD’s base annual compensat…