Vote: (1st) Additional funds for one year, (2nd) 6 months from available funds, (3rd) New election at $86,581 per year, (4th) Liquidation of RWAs and STEP, (5th) Abstain
Title and Proposal Link: Non-Constitutional: Terms of Tenure for STEP Program Manager
Voting Rationale Link:
Commenting on Proposal Link: **Non-Constitutional: Terms of Tenure for STEP Program Manager** - #50 by AlexLumley
=== Voting Rationale ===
I voted to allocate additional funds to cover the full one-year tenure of the STEP Program Manager. After significant time and effort have been invested in setting up this program, it is crucial that we maintain stability and avoid unnecessary disruptions. Shortening the term to six months or opting for a new election would introduce unnecessary bureaucracy and create operational inefficiencies. Additionally, the yield from the RWA portfolio is sufficient to cover the shortfall, making it logical to utilize these funds.
By approving additional funds, we honor the original USD-based contract with the Program Manager, avoid damaging our credibility with service providers, and ensure that the STEP program continues uninterrupted. This will allow us to thoroughly evaluate the effectiveness of the Program Manager’s work at the end of the 12-month period and improve our processes moving forward.