We are delighted with the show of support this proposal has received, with 88% of votes in favour of this approach.
We also really appreciate the thoughtful and considered feedback we received - and are providing our proposed next steps based on these insights.
#1.
Firstly, we appreciate that there are some implementation interdepencies to resolve before the Dynamic Staking Model and Airdrop can be taken through IIP and go live, namely:
- Owl Level redesign
Thus, we scheduled a pt 2 Owl Level redesign workshop for the 21st of December and will look to formalize a new Owl Level framework immediately.
#2.
We also recognize that further progress on the following would increase the overall success of our Compensation and Community Allocation work:
- Tokenomics
- Index liquidity
- Holistic financial planning
As such, we propose the following:
- Formation of the Tokenonmics Pod (fill in this form to join), appointed by and accountable to the Index Council.
- Liquidity Pod to provide a proposed solution to low INDEX liquidity in January.
- Holistic Financial Plan to be provided by Finance Nest
We believe these actions would increase the overall success of the holistic Community Ownership and Compensation proposal which was presented.
#3.
Would like to progress our proposed Priority Hiring guidelines to snapshot as an IIP, alongside a directional commitment to implement the Dynamic Staking Model and Airdrop. This will be enabled by the activity mentioned in points 1&2.
Priority Hiring guidelines should be uncontroversial and recommends transitioning a number of high impact contributors onto fixed yearly salaries. It assumes that the equity aspect of their package will be delivered through the Dynamic Staking Model.
The order for those who go through priority hiring will be determined by the Index Council. More details on the Priority Hiring guidelines can be found here.
=====
To this end, the proposed IIP is linked below:
IIP-XX: Priority Hiring Guidelines and directional commitment to the DSM & Airdrop