In case you haven’t been checking the vote.makerdao pages for fun like me, you’d notice that the first significant delegations have disbursed. Congrats to @planet_x and @paperimperium for topping the leaderboard!! We’ve got a group DM to hash out some of the nuanced topics around delegation and support each other.
The most pressing topic, and probably obvious one, is the amount of time it takes to be informed and vote. What seems clear is: voting takes a 10-20 hour weekly commitment to stay on top of what matters and properly diligence all the proposals, threads, groups, core units, and changes. The subtlety here is that it’s possible to spend almost a full-time commitment on the maker protocol catching some of the blind spots that Core Units and proposals need.
As we can see, Paper and Planet’s diligence has translated into a significant stake of MKR delegated, but that can change on a transaction. From what we can tell, compensating delegates in a fair matter, assuming community consensus, will both attract new ones and retain the top delegate’s performance. We’re hoping for the number of delegates with a significant stake in the system to be around 10. More happy delegates mean better security, improved ideas, better quality assurance on proposals, and generally better discussion and participation. Plus, I mean, just think of the Voltron memes….
Yet, we wanted to poll the community to collate the right information before moving to a formal signal request. We welcome a conversation about compensation, but if we start to go off-topic, as we’re wanton to do, I’ll try to start new threads as they arise. As with all informal polls, this is a conversation starter to hash out details. We’re thrilled to get this topic going.
Is it reasonable to expect a time commitment between 10-20 hours a week from a delegate?
Should delegates be compensated for this time?
Suggested delegate pay for a months work:
- 7k DAI
- 8k DAI
- 9k DAI
- Other ( please respond with suggestion)
Should compensation only be for the top 10 delegates with high stake, high vote performance, and high vote communication?
- Other (please suggest ideal number of compensated delegates)