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Gearbox · closed proposal

[GIP-11] Compensation for Tech & Finance Multisig Members

0x8464…8f20·ended 4y ago·Discussion ↗·MEDIUM RISK
Voters
1,332
GEAR voted
211.83M
Token price

AI summary

This proposal seeks to compensate members of the Gearbox DAO's technical and financial multisig committees. Going forward, the 8 members of the technical multisig will collectively receive 700,000 GEAR tokens per quarter, and the 6 members of the financial multisig will collectively receive 300,000 GEAR tokens per quarter. Additionally, the proposal includes a retroactive payment of 1.4 million GEAR tokens to the technical multisig members for their work over the past six months, distributed based on their individual activity.

Impact

If passed, this proposal will establish ongoing compensation for key operational roles within the Gearbox DAO, totaling 1 million GEAR tokens per quarter, and immediately disburse 1.4 million GEAR tokens from the treasury. This benefits the multisig members by providing remuneration for their contributions, while the DAO's treasury will see a reduction in its GEAR token holdings.

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Voting results

Quorum
211.83M / 200.00M GEAR(106%)
✓ Quorum met
Yes, approve207.52M (98.0%)
No, reject4.31M (2.0%)
211.83M GEAR · 1332 votersblock 15114754

🐳 Whale votes

0 votes > 5% VP
No whale votes on this proposal.

Full proposal

Original markdown · Gearbox

See full discussion here

https://gov.gearbox.fi/t/pre-gip-y-token-compensation-for-tech-finance-multisig-members/936/17

This proposal aims to make official some of the suggestions made in previous discussions about compensation for multisig participants as well as retroactively reward technical multisig participants for the hard work they have already put in.

Over the past 6 months there has been a good amount of activity by the technical multisig in terms of signing txs that keep Gearbox protocol moving forward (about ~60 txs). The financial multisig has not yet had any activity.

I propos…

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