Am formally proposing for us to put the Treasury NDX to use to hire and grow the project with both a hiring and an operational budget.
Allocate an annual budget for hiring and other expenses for Indexed, starting with 2m NDX for the next year.
a. 1m NDX to be used to hire 10, with a 2k-10k NDX payment per month, adjusted to maintain a salary at $2.5k-$20k per 4w, decreasing salary in NDX as price rises, depending on role.
b. 1m NDX to be used on operational costs including but not limited to marketing, operational costs like gas, hosting, security costs, events for the next 1y.
c. The executive lead has the right to change these allocations as needed between more to operations, hires or used for investment by other actors.
Elect a leadership team responsible for managing that budget, hiring new team members and other project management.
a. This team will consist of an executive lead and potential vice executive lead, who must both cosign all budget allocations in a Gnosis multisig to a hot wallet.
b. All transfers will go through a 1 week timelock to give the DAO the ability to oversee and veto budget decisions.
We need a way to get people to focus and be able to commit time, and compensate them for that time to start to grow the protocol again. We also need to engage the community for leadership and transition towards a community focused approach as the project matures as has been done with projects like Yearn and Sushi, making the process more DAO based. Finally we need a dedicated lead who can just make decisions on behalf of the DAO and execute as needed.
Having to go through DAO governance for operations is way too slow, often just approves what the team want anyway acting as an oversight with low proposal creation by non-team members often in projects and makes the overall project a mess from operations.
By having the leadership be accountable by the holders as well as able to be terminated if they fail to act in the DAOs interests, the system can be made much more efficient and able to implement new features and grow the project. Having the architecture based around an accountable leadership mirrors the democratic models which work around the world, and see no reason it cant be applied to DAOs. By being able to implement new features, hire and run operations independantl;y the leadership can get us back to a high growth phase, and decentralizing the hierarchy as the community and project expands, rather than from the early start.
We will have yearly votes, with the DAO able to trigger early votes with 10% quorum as to who the leadership are for the following 12m with the DAO able to create early votes through standard governance proposals at any time, to appoint the leadership team and renew the budget. The leadership team will consist of an executive manager and potential vice executive manager, who must both cosign all new hires and other budget allocations. Can also use some community members for the msig.
The voting process will follow a process whereby parties are nominated in a forum post, followed by snapshot vote to decicde the winners are without restricting to those who can afford gas.
The funds will be sent to a timelock with 1w delay wth the DAO able to override withdrawls and actions from the timelock if they believe the executives are acting maliciously, with the Management Team able to withdraw from the timelocks as needed in advance for planned costs
Am looking for feedback for this and to fine tune the proposal, but feel it is needed so we can get back to growth and establish a proper, active team.