Going to be honest here - while I support the mandate and goals of the proposed CU I’m finding it quite difficult to support it in it’s current form. The CUs that have been passed have generally been existing teams coming over from the Foundation or teams that have grown organically within the DAO. Those that have followed the latter path have started with smaller budgets and team sizes and scaled up as they have established credibility with the community.
It concerns me that you’ve requested a $1.5M budget up front for a team that consists of solely an advisor and yourself. I would expect that you’ve built a network of experienced software engineers from your time at the Foundation and prior and would prefer to see a more measured approach in building the a base and scaling this CU given the lack of commitments at this stage.
I believe it is premature to be requesting MKR compensation, especially over a four year vesting period when the only person on the proposed 10 person team we know is yourself and the CU is unknown to the DAO. This is not comparable to the PE team at all given their high engagement and visibility working with the DAO and an existing fully functioning team. I would request any MKR compensation be postponed until after the CU DAI budget has been approved by Governance and be kept in a separate thread similar to SES and Growth’s recent proposals.
Regarding the proposal, couple questions:
CES is a business venture that becomes a profitable entity.
Could you explain what you mean by this quote?
I’d also like to make sure I am very clear on one point. This Core Unit is a highly-collaborative effort and it’s a partnership, not competition, with the key stakeholders in the DAO. CES will continuously work with Protocol Engineering, Oracles, Risk, Real World Finance, and other critical stakeholders to:
Could you also discuss how you have and are currently collaborating with these CUs? If not currently, how do you envision each CUs role, specifically, in working with CES?
Contingency Buffer: Approximately 15% of budgeted costs to be held in reserves for business continuity. The CES entity will be a business and this will represent a profit by tax standards. Therefore, the actual amount in reserves will be lower due to corporate tax rates in the United States.
Could you also explain how CES will be a profitable entity by tax standards?