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Yearn · closed proposal

Raise the salary of core team member Artem

0x0Cec…02A7·ended 6y ago·LOW RISK
🐳 Whale activity
Voters
181
YFI voted
471
≈$1.08M
Token price
$2282

AI summary

This proposal seeks to increase the monthly salary of Artem, a core team member and senior developer at Yearn, from $8,000 to $12,500. This would raise his annual compensation from $96,000 to $150,000, representing a 56% increase. The motivation behind this raise is to reward his significant contributions, retain his talent, and align his compensation with industry standards for a senior developer.

Impact

If this proposal passes, Artem will receive an additional $4,500 per month from the Yearn treasury. This benefits Artem directly and aims to benefit the DAO by retaining a valuable contributor. No one directly loses, but the treasury will have increased operational expenses.

Read full proposal on Snapshot

Voting results

Yes, increase Artem's to 12.5k/month441 (93.6%)
No, keep the status quo of 8k/month30 (6.4%)
471 YFI · ≈$1.08M · 181 votersblock 10954411

Votes over time

x-axis = % of voting window elapsed · y-axis = cumulative VP per choice

🐳 Whale votes

7 votes > 5% VP
0xbc0c…0b71
6y ago · voted Yes, increase Artem's to 12.5k/month
10.6%
50 VP
≈$114.1K
0x3fac…72ff
6y ago · voted Yes, increase Artem's to 12.5k/month
7.9%
37 VP
≈$85.0K
0x2c73…7737
6y ago · voted Yes, increase Artem's to 12.5k/month
7.2%
34 VP
≈$77.4K
0x5b7a…a205
6y ago · voted Yes, increase Artem's to 12.5k/month
6.4%
30 VP
≈$68.5K
0x0154…6f6e
6y ago · voted Yes, increase Artem's to 12.5k/month
6.1%
29 VP
≈$65.4K
0x2ad7…2b15
6y ago · voted Yes, increase Artem's to 12.5k/month
5.5%
26 VP
≈$59.4K
0xb3ab…4aa0
6y ago · voted Yes, increase Artem's to 12.5k/month
5.3%
25 VP
≈$57.1K

Full proposal

Original markdown · Yearn

Simple Summary

Increase the monthly salary of core team member Artem K (@banteg) to 150K per year (12.5k per month). This represents a ~56% increase of the current 96k per year (8k per month). The current 96k represents an entry-level compensation in the software industry. Artem's contributions are evident and are always shared publicly, and belong to the senior developer category.

Motivation

  • Reward and retain talent
  • Meet minimum industry compensation standards for a senior-level developer position

Specification

Starting the month of October 2020 Artem's salary is inc…

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