# IIP-75: Web3 Engineer - Full Time offer **URL:** \ **Category:** Proposal\ **Tags:** IIP\ **Created:** [24 August 2021 18:11 UTC](https://gov.indexcoop.com/t/iip-75-web3-engineer-full-time-offer/2463 "2021-08-24T18:11:28Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![dylan](https://avatars.discourse-cdn.com/v4/letter/d/e95f7d/32.png) [@dylan](https://gov.indexcoop.com/u/dylan)\ **Post date:** [24 August 2021 18:11 UTC](https://gov.indexcoop.com/t/iip-75-web3-engineer-full-time-offer/2463/1 "2021-08-24T18:11:29Z")
iip: 075 title: Web3 Engineer - Full Time offer status: Proposed author: @dylan @darkforestcapital @jdcook created: 2021-8-23 ## Summary Having reviewed the applications for Web3 Engineer, we propose offering a full-time position of Web3 Engineer to @0xModene. ## Abstract The hiring team reviewed applications primarily according to ability to meet role requirements outlined in [the hiring scorecard](https://docs.google.com/document/d/1QbA2XVtzvv_V-P4DYYEtXzb3wvTLEyPlYN9EHh0PhxI/edit#). Additionally, we considered familiarity with Index Coop code repos, prior experience working with the Engineering Working Group, and quality of past contributions. There were only a handful of applications for this role. @0xModene emerged as a clear leading candidate having demonstrated ability and determination to meet the hiring goal outlined in the scorecard. As such we moved forward to discuss compensation, settling on the following: **Offer Terms** $12,500 USD in INDEX per month (150,000 USD per year) 0.075% of total INDEX supply (7,500) vesting over 2 years with a 6 month cliff. Start date: September 20th 2021 These figures were arrived at using the [Hiring Guidelines](https://gov.indexcoop.com/t/index-coop-hiring-guidelines-v1/1665), [Head of Analytics IIP](https://gov.indexcoop.com/t/iip-61-head-of-analytics-full-time-offer/2035), [Smart Contract Engineer IIP](https://gov.indexcoop.com/t/iip-66-smart-contract-engineer-offer/2279) and comparing to other Web3 developer salaries in DeFi. ## Motivation The motivations for this hiring are outlined in the [original hiring post](https://gov.indexcoop.com/t/hiring-web3-engineer/2275): - The Index Coop is in the business of creating smart contract based financial products. - The Index Coop itself, and its ecosystem partners are also organised and run in part on smart contracts. - In order to access Index Coop products & DAO organization tools, some user-facing applications must be created to read & write to Index Coop smart contracts. - Integrating smart contracts with applications of all types is a key competency the Index Coopโ€™s engineering team must possess. At the very least, it is key to how we distribute Index Coop products. - The purpose of this role is to build Web3 engineering expertise inside the Index Coop and ship safe & secure Web3 integrations to support Index Coop product launches, DAO maintenance, BD, growth and more. ## Specification Hire @0xModene with the following terms: - $12,500 USD in INDEX per month - 0.075% of total INDEX supply (7,500) over 2 years with a 6 month cliff. - Start date 20th September 2021 As per [IIP-36](https://gov.indexcoop.com/t/iip-36-full-time-contributor-retention/1021), the INDEX tokens will be subject to: - **Clawback** - All unvested INDEX returns to the Index Coop treasury if someone leaves or the full-time contributor relationship is otherwise ended. - **Right of first refusal** - Index Coop Treasury has the right of first refusal to buy-back INDEX at the prevailing market rate at that point from team members who wish to sell. The purpose of this is to limit the amount of vested INDEX reaching the open market. ## Voting FOR - Hire @0xModene according to the terms above. AGAINST - Do not hire @0xModene according to the terms above. ---
**Author:** ![helmass](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/helmass/32/976_2.png) [@helmass](https://gov.indexcoop.com/u/helmass)\ **Post date:** [24 August 2021 18:36 UTC](https://gov.indexcoop.com/t/iip-75-web3-engineer-full-time-offer/2463/2 "2021-08-24T18:36:39Z")
F O R ![](https://canada1.discourse-cdn.com/flex027/uploads/theindexdao/original/2X/8/85f3ba0fa6fb853530c5b0f71e5bfbd2f28cca0b.gif) ---
**Author:** ![ncitron](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/ncitron/32/151_2.png) [@ncitron](https://gov.indexcoop.com/u/ncitron)\ **Post date:** [24 August 2021 20:25 UTC](https://gov.indexcoop.com/t/iip-75-web3-engineer-full-time-offer/2463/3 "2021-08-24T20:25:56Z")
Huge news! Nobody deserves this position more than @0xModene ---
**Author:** ![BigSky7](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/bigsky7/32/2629_2.png) [@BigSky7](https://gov.indexcoop.com/u/BigSky7)\ **Post date:** [24 August 2021 23:27 UTC](https://gov.indexcoop.com/t/iip-75-web3-engineer-full-time-offer/2463/4 "2021-08-24T23:27:13Z")
๐ŸŽ‰๐ŸŽ‰๐ŸŽ‰๐ŸŽ‰๐ŸŽ‰๐ŸŽ‰๐ŸŽ‰๐ŸŽ‰ Huge win for the Coop and our team. Congrats @0xModene the protocol is lucky to have you in our community. ---
**Author:** ![DefiJesus](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/defijesus/32/843_2.png) [@DefiJesus](https://gov.indexcoop.com/u/DefiJesus)\ **Post date:** [25 August 2021 02:49 UTC](https://gov.indexcoop.com/t/iip-75-web3-engineer-full-time-offer/2463/5 "2021-08-25T02:49:07Z")
Time to leverage all my bags into INDEX to vote FOR. ---
**Author:** ![pujimak\_in](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/pujimak_in/32/1921_2.png) [@pujimak\_in](https://gov.indexcoop.com/u/pujimak_in)\ **Post date:** [25 August 2021 03:11 UTC](https://gov.indexcoop.com/t/iip-75-web3-engineer-full-time-offer/2463/6 "2021-08-25T03:11:54Z")
FOR!!! Also because I believe in @0xModene rule number 1โ€ฆ โ€œDonโ€™t Be a Dickโ€ ๐Ÿ˜ฌ Great addition to the COOP!!! Hoot hoot. ---
**Author:** ![sixtykeys](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/sixtykeys/32/3632_2.png) [@sixtykeys](https://gov.indexcoop.com/u/sixtykeys)\ **Post date:** [25 August 2021 12:38 UTC](https://gov.indexcoop.com/t/iip-75-web3-engineer-full-time-offer/2463/7 "2021-08-25T12:38:12Z")
Fully FOR. Congratulations @0xModene . ---
**Author:** ![Mringz](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/mringz/32/474_2.png) [@Mringz](https://gov.indexcoop.com/u/Mringz)\ **Post date:** [25 August 2021 12:45 UTC](https://gov.indexcoop.com/t/iip-75-web3-engineer-full-time-offer/2463/8 "2021-08-25T12:45:22Z")
Five star recruitment I will be voting for! โญ โญ โญ โญ โญ ---
**Author:** ![afromac](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/afromac/32/581_2.png) [@afromac](https://gov.indexcoop.com/u/afromac)\ **Post date:** [25 August 2021 13:47 UTC](https://gov.indexcoop.com/t/iip-75-web3-engineer-full-time-offer/2463/9 "2021-08-25T13:47:09Z")
Delighted to see this happening. Congrats to @0xModene and thanks for all your hard work. ---
**Author:** ![Abel](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/abel/32/1399_2.png) [@Abel](https://gov.indexcoop.com/u/Abel)\ **Post date:** [25 August 2021 15:16 UTC](https://gov.indexcoop.com/t/iip-75-web3-engineer-full-time-offer/2463/10 "2021-08-25T15:16:28Z")
Itโ€™s been a pleasure working with @0xModene up until this point! He has clearly demonstrated his ability to add a tremendous amount of value to the engineering team & the wider coop! I will most certainly be voting yes on this and I look forward to continuing to work with @0xModene in the future ๐Ÿš€ ---
**Author:** ![dylan](https://avatars.discourse-cdn.com/v4/letter/d/e95f7d/32.png) [@dylan](https://gov.indexcoop.com/u/dylan)\ **Post date:** [25 August 2021 15:52 UTC](https://gov.indexcoop.com/t/iip-75-web3-engineer-full-time-offer/2463/11 "2021-08-25T15:52:15Z")
Hey @sixtykeys, Requesting an IIP number when you get a chance ๐Ÿ™ And weโ€™d like to run the vote starting Monday, August 30th if possible! ---
**Author:** ![oneski22](https://avatars.discourse-cdn.com/v4/letter/o/65b543/32.png) [@oneski22](https://gov.indexcoop.com/u/oneski22)\ **Post date:** [25 August 2021 18:22 UTC](https://gov.indexcoop.com/t/iip-75-web3-engineer-full-time-offer/2463/12 "2021-08-25T18:22:20Z")
Very very very much FOR. Congrats @0xModene ---
**Author:** ![sixtykeys](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/sixtykeys/32/3632_2.png) [@sixtykeys](https://gov.indexcoop.com/u/sixtykeys)\ **Post date:** [27 August 2021 08:31 UTC](https://gov.indexcoop.com/t/iip-75-web3-engineer-full-time-offer/2463/13 "2021-08-27T08:31:49Z")
Hey @dylan, weโ€™ve scheduled this IIP to go live on Monday 30th of August. [Snapshot here.](https://snapshot.org/#/index-coop.eth/proposal/QmRaLeum8W8BVAu6aTV7ZWzpf1LH9uf7Fr1PfDSf6jYo5N) cc: @Pepperoni_Joe ---
**Author:** ![0x\_Dev](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/0x_dev/32/3906_2.png) [@0x\_Dev](https://gov.indexcoop.com/u/0x_Dev)\ **Post date:** [28 August 2021 15:18 UTC](https://gov.indexcoop.com/t/iip-75-web3-engineer-full-time-offer/2463/14 "2021-08-28T15:18:21Z")
So happy for this. So happy to see it. Congratulations (I hope) @0xModene ! โœŠ๐Ÿพ ---
**Author:** ![0xjbourne](https://avatars.discourse-cdn.com/v4/letter/0/ba8739/32.png) [@0xjbourne](https://gov.indexcoop.com/u/0xjbourne)\ **Post date:** [30 August 2021 15:17 UTC](https://gov.indexcoop.com/t/iip-75-web3-engineer-full-time-offer/2463/15 "2021-08-30T15:17:21Z")
FOR! ๐Ÿš€ @0xModene, congratulations ๐Ÿ™‚ ---
**Author:** ![Don-ETH](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/don-eth/32/1652_2.png) [@Don-ETH](https://gov.indexcoop.com/u/Don-ETH)\ **Post date:** [30 August 2021 17:10 UTC](https://gov.indexcoop.com/t/iip-75-web3-engineer-full-time-offer/2463/16 "2021-08-30T17:10:19Z")
Solid Engineering line up! 100% FOR. ---
**Author:** ![sixtykeys](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/sixtykeys/32/3632_2.png) [@sixtykeys](https://gov.indexcoop.com/u/sixtykeys)\ **Post date:** [2 September 2021 18:04 UTC](https://gov.indexcoop.com/t/iip-75-web3-engineer-full-time-offer/2463/17 "2021-09-02T18:04:32Z")
This IIP has successfully passed [snapshot](https://snapshot.org/#/index-coop.eth/proposal/QmRaLeum8W8BVAu6aTV7ZWzpf1LH9uf7Fr1PfDSf6jYo5N) with 100% FOR. โœ… Congratulations @0xModene ! ---
**Author:** ![0xModene](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/0xmodene/32/3070_2.png) [@0xModene](https://gov.indexcoop.com/u/0xModene)\ **Post date:** [7 December 2021 15:46 UTC](https://gov.indexcoop.com/t/iip-75-web3-engineer-full-time-offer/2463/18 "2021-12-07T15:46:55Z")
I have requested that my monthly stipend be paid in USDC rather than INDEX to prevent unnecessary sell pressure of INDEX while I cover my expenses. If nobody has any objections, I will request that the treasury make this change. ---
**Author:** ![TheYoungCrews](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/theyoungcrews/32/943_2.png) [@TheYoungCrews](https://gov.indexcoop.com/u/TheYoungCrews)\ **Post date:** [7 December 2021 16:53 UTC](https://gov.indexcoop.com/t/iip-75-web3-engineer-full-time-offer/2463/19 "2021-12-07T16:53:30Z")
clearly reducing $index sell pressure is in the communityโ€™s best interest, and I have no objection here, but curious to hear the F.Nestโ€™s position on this @Matthew_Graham, as the USDC ultimately has to come from somewhere i.e. selling $index for USDC, past or present. I suppose this is an easier change to make than implementing $index buy backs. ---
**Author:** ![0xModene](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/0xmodene/32/3070_2.png) [@0xModene](https://gov.indexcoop.com/u/0xModene)\ **Post date:** [7 December 2021 17:07 UTC](https://gov.indexcoop.com/t/iip-75-web3-engineer-full-time-offer/2463/20 "2021-12-07T17:07:13Z")
fwiw we have pretty big USDC bags, some of which f nest is intending to deploy productively [Next page](https://gov.indexcoop.com/t/iip-75-web3-engineer-full-time-offer/2463.md?page=2)