Over the past few weeks the SourceCred working group has been debating whether to increase weekly payouts from 2,500 DAI to 5,000 DAI. We’ve now decided to go ahead and increase the payout to 5,000 DAI per week, starting in December.
We feel this is a benefit for the following reasons:
We are seeing additional users sign-up for the initiative, and more users means the payouts are split between more people, reducing the average payout.
Small Portion of Protocol Income
5,000 DAI/week is still an insignificant fraction of the total current income of the Maker Protocol (even excluding stablecoins, but may make a meaningful difference to the amount of time contributors feel they can spend on Maker.
With 250k per week of non-stablecoin income, at 5,000 DAI per week, this comes to 2% of the Maker Protocol’s income. Note that for the time being, this continues to be paid by the Maker Foundation.
Growth of the DAO is a key goal at the moment. Having more community members gives the protocol a larger pool of potential talent that may be willing to work more formally for the DAO.
Using SourceCred in MakerDAO is still considered to be in a trial phase, experimenting with the total payout will hopefully allow us to better set the payout amount when / if the DAO is paying for SourceCred with funds from the Maker Protocol.
Edit: Forgot to add, this starts in December.