The OpCo has decided to hire SEED as a Program Manager for RAD, though with a much more limited scope than the DIP, given that the new program is much narrower and that the OpCo team will also be involved in operations. Having a PM work alongside the OpCo to manage the program will enable us to increase our capacity, improve our efficiency, and reduce our turnaround time for program-related tasks.
Below you can find the non-exhaustive scope of work on which we’ve agreed with SEED.
With no votes in January and just one vote in February, it became apparent that the cost of the program manager’s compensation was disproportionately high. We originally anticipated a larger volume of votes, but that hasn’t materialized so far.
As such, we discussed with SEED and agreed to switch to a per-proposal compensation model. The new compensation goes from a flat $5,000/mo to the following:
| Type of Proposal | Base Payout | PM Scope | Total |
|---|---|---|---|
| On-chain Constitutional | $700 | $600 | $1,300 |
| On-chain Non-constitutional | $500 | $600 | $1,100 |
| Off-chain Decision Making (non-constitutional) | $500 | $600 | $1,100 |
| Off-chain Elections | $500 | $600 | $1,100 |
| Off-Chain Temperature Check (non-binding) | $300 | $600 | $900 |
- Base Payout should be understood as the ‘opportunity cost’ of SEED not receiving rewards from the program as delegates, despite being eligible and continuing to vote normally.
- PM scope should be understood as the amount we’re paying SEED for the scope of work of the program manager, as outlined here.
If the scope of work or compensation changes, we’ll update this thread and adequately communicate it with the DAO.
RAD Participants
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Review applications and maintain the Participants List: Track new RAD applicants, validate registrations, and update the participants list.
Frequency: Weekly initially, then monthly. -
Monitor compliance with governing rules: Oversee participant behavior across official channels and escalate sanctions with OpCo approval.
Frequency: Monthly.
Program Activity
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Design the quarterly incentives budget: Define quarterly parameters, including budgets, caps, eligibility, and reward calculation methods. Requires OpCo approval.
Frequency: Quarterly. -
Coordinate with proposers: Monitor the pipeline and contact proposers ahead of publication to coordinate timing.
Frequency: Per proposal. -
Classify proposals and define eligibility: Categorize proposals (constitutional, funding transfer, off-chain decision, temperature check, elections) and validate eligibility criteria.
Frequency: Per proposal. -
Communicate decisions publicly: Publish the official proposal classification, budget notes, and eligibility criteria; respond to community questions.
Frequency: Per proposal. -
Collect and curate voting data: Pull participation data from Snapshot or on-chain sources and ensure consistency.
Frequency: Per proposal. -
Collect and curate rationales: Gather governance rationales posted across approved channels; automate when possible, but manually verify indexing issues.
Frequency: Per proposal. -
Verify participant eligibility for rewards: Confirm all eligibility conditions before allocating rewards.
Frequency: Per proposal. -
Calculate rewards distribution: Calculate final rewards based on program rules and predefined formulas.
Frequency: Per proposal. -
Publish the Monthly Rewards Report: Publish the monthly public report, including reward totals and carryover balances.
Frequency: Monthly.
Payments and Accountability
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Send monthly compliance file to AF/OpCo: Share the verified list of eligible participants with the Foundation, including wallets and reward amounts.
Frequency: Monthly. -
Prepare multisig transactions: Create the payout batch for OpCo to perform the final verification and execution
Frequency: Monthly. -
Update the Payments Thread: Post the summary of executed payments.
Frequency: Monthly. -
Update public accounting: Reflect completed payments in transparent bookkeeping and audit multisig activity.
Frequency: Monthly. -
Transparency Report: Track the program’s total spend and whether the key performance indicators and other relevant goals are being met.
Frequency: Bi-annual.