Since the treasury does no longer have the funds to sustain expenditures of a large team. I believe that it is time to reduce the reward given to Councilors from $1,000 per season to $0, the role should be voluntary moving forward (season = 6-month period. Since the game will be coming down for an unknown time and the DAO does not have money to review funding proposals, the work required by Councilors will also be less. This proposal is to take effect after the season has completed, since the current councilors have agreed to the assignment based on the existing pay and have already served time.
Motivation
The motivation to write this proposal is to reduce CU treasury expenditures to the bare minimum since the treasury does not have much more funds left. For the good of all the CU community, we need to reduce our treasury burn rate as much as possible to survive this next period. If we are able to survive this period and flourish again, then another proposal may be submitted to justify the changes of increasing the stipend. Right now we need to put the survival of the community first.
Details
Reduce the Councilors season stipend from $1,000 to $0, this role should be carried out voluntarily during these next stages since the projects finances are restricted.
Conclusion
This proposal would reduce our monthly Councilors expenditure from ~$1,833 monthly to $0 monthly. The council is paid at the end of the season (given perfect attendance), which is a 6-month period and not monthly. This reduction just shows how it is broken down in a monthly format. Additionally, with the downtime of the game and lack of DAO funds to even review funding proposals, this reduction should be adequate for the time dedicated for councilor duties.
I am fine with a reduction in pay here if I have perfect attendance. Last Council we only paid out 2 perfect attendance rewards. So if history repeats. The expenses are much lower then estimated here. You might add in no pay for LG employees as well to proposal as they are already paid employees and this is kind of double pay since they are on the clock already.
Completely agree with the proposal. Personally, I feel at this point the council should be completely voluntary with no pay. This said, reduction is fine.
With the current $$$ situation, I agree with this. Last season was the first season it was paid. All other seasons have been voluntary.
I’ve served on IRL voluntary Board’s. Feels like the same principle here. And I served my first council term with no pay. I would serve again in volunteer/unpaid council role.
I’d actually recommend that the proposal moves from $1000 back to a volunteer role.
I would hope current members would continue even without pay. But if passed, current council members could choose to stay or resign.
I’m ok with these changes given the situation the DAO faces. Overtime when things turn around I’d like to see this increase as I believe councilors should be paid to justify the real time needed to thoughtfully participate.
The council has completed their September 15 review session and based on the results, the proposal is now queued on Snapshot for the DAO’s official vote.
