Proposal Details

Dash Core Group Compensation March - June


Dash Core Group February 26th Funding Proposals
DCG is submitting 2 funding proposals for the budget cycle that pays out February 26th:
1) DCG Compensation: 2,473 Dash per month (currently in month 1/4)
2) DCG Infrastructure: 494 Dash (currently in month 1/2)

What does this specific proposal fund?
This proposal funds Dash Core Group's ongoing compensation costs - including all developers, administrative, business development, marketing, and support staff.  This is a multi-month proposal that will cover compensation for March through June. Please note that in the past, most of our compensation proposals covered a 3 month period. This proposal is for a 4 month period. The need for this exception arises from timing differences between a forthcoming Dash block reward reduction (in early June) and the network’s monthly budget cycle. Typically, block reward reductions occur every 12 budget cycles, but this block reward cycle happens to have 13 superblocks due to the timing differences. If Dash Core Group were to stick to our normal 3 month proposal now and again in May (covering the May, June, and July superblocks), the amount of our June and July proposal requests would exceed the self-imposed 60% limit DCG seeks to remain below. This proposal will expire at the end of May, allowing us to submit a new proposal starting in June for a reduced amount.

What is the proposal funding?
As of January 31st, 2022, DCG has 45 paid staff associated with the project. In addition, we have 3 volunteers who have decided to work for no compensation.
Of the 45 paid staff, 1 has volunteered to reduce their salary while we rebuild our reserves to 1 year levels. So in total, we have 4 volunteers who are working for reduced or no compensation.

Our run-rate in February will be $330,000 after taking into account voluntary pay reductions. 
With the current proposals, we are asking for total funding of $286,870 per month. If this proposal passes, we will be consuming roughly $43,000 from our reserve per month. Our compensation reserve as of January 31st stands at 8.3 months of compensation reserve. We built up reserves for the exact situation we find ourselves in today, where our compensation run-rate is higher than our compensation related revenue, due to a decline in the price of Dash.  Assuming a price of $116 for the balance of the year, we can continue to operate with no changes to our compensation structure and still sit on a 6 month reserve at the end of December 2022.  

With the previous compensation proposal, we reduced our compensation funding request from 49% of available monthly funding to 47% of funding in order to increase our allocation request toward other expense categories. This was made possible by the relatively higher Dash price, and we were able to increase our compensation reserve even while requesting 47% of total proposal funding. With the recent Dash price decline, we now need to revert the percentage requested for compensation back to 50% of total proposal funding. Note that if the price of Dash increases above $130 by the time we need to submit our next compensation proposal, we will look to accordingly reduce the percent requested from the network for compensation purposes.  

In addressing the additions we have made to the team over the past 6 months, we have added 19 staff, with a heavy focus on adding to our technology organization. The roles were as follows:

Technology Organization:

  • Android Software Engineer
  • Sr. Android Software Engineer
  • Sr. Android Software Engineer
  • C++ Software Engineer
  • Sr. Go Software Engineer (Platform team)
  • Sr. Go Software Engineer (Platform team)
  • Sr. iOS Software Engineer
  • Sr. iOS Software Engineer
  • JS/Rust Software Engineer (Platform team)
  • Sr. JS Software Engineer (Platform team)
  • Research and Development Engineer
  • Research and Development Engineer
  • Rust Software Engineer (Platform team)
  • Rust Software Engineer (Platform team)

Technology Support:
  • Infrastructure Engineer
  • Senior SM / Agile Coach

Admin / Business Development / Marketing:
  • Content Manager
  • Business Development Manager
  • Head of Growth

In addition, 1 staff and 1 external contractor have accepted written offers and will start in the coming weeks. The roles are as follows:
  • Rust Software Engineer
  • QA Engineer (external)

We also had 3 staff members who left the firm and we are now backfilling these positions. We have a number of open positions, of which the costs have already been baked into our run-rate. We plan to hire in the next month (including back-filling positions).  You can find those 4 open positions at the following link: (https://www.dash.org/dcg/jobs/).  

If you would like more details on DCG’s staff, financials, roadmap, and summary of our most recent accomplishments, refer to our most recent quarterly call: 
https://www.youtube.com/watch?v=ZNiYAd2XODg

Note that in the appendix of the quarterly call presentation we also publish an org chart.  

If you have any questions, please direct them to @glennaustin at dashcentral to ensure we are notified of your request.

Requested funding is as follows for the March through June budget cycles:
  • 2,471.75 Dash for core team compensation per month ($286,870 USD @ $116 per Dash)
  • 1.25 Dash / per month proposal reimbursement 
Total: 2,473 Dash per month

Note: Should any funding remain, we will apply it toward future compensation expenses and any related taxes.