TBR-Q1-2023 - Executive Team

[RFC] TBR-Q1-2023 - Executive Team

Team Name Executive Team
Quarter and Year Q1 2023
Payout Address 0xDa63D70332139E6A8eCA7513f4b6E2E0Dc93b693
Total USD Value Requested TBD

Purpose

The Executive-Team has been the primary custodian of prize pool contracts and prize liquidity since V4 inception. We handle custody and transaction matters where directed by governance, such as claiming rewards, and receiving tokens on networks other than mainnet. We are the goto solution for maximum security custody for the community.

We will continue the custody of delegations for the Community Team, Grants, and SerHotMike. Custody continues to be $300k in total.

We continue with a custody limit of $750k to put a hard cap on our total custody. Activities that approach the cap will be brought forward as an alert. Any funds over that amount will need to be approved by a vote to change the cap. This gives the community a clear picture of what our custody risk is.

Goals

Our primary focus is security. We maintain a 7/11 multi-sig of senior contributors who are well versed in PoolTogether infrastructure, happenings, and the greater DeFi ecosystem.

We look to act in a timely and efficient manner to ensure prize liquidity never runs dry, and that Pooler and treasury funds are safe.

These pillars form our goals

  1. Security

No loss. We strive to never lose funds. This is an easily evaluated metric we strive to maintain.

  1. Acting on governance directives

A quarterly team survey evaluates our performance alignment with governance directives. The executive-team aligns with the council. Any concerns from the community are encouraged.

  1. Ensuring prize delivery

Prizes promised are prizes delivered. We strive for no failed prize claims due to a lack of prize liquidity.

  1. Acting in an organized and efficient way.

A new procedure is being introduced to outline execution time expectations. Transactions will be presented by lead as having a standard 24hr time to sign and execute. Transactions requiring more immediate attention will be presented with a 12hr time to sign and execute. The team will strive to always meet these deadlines and missed time windows will be reported at quarters end.

Budget

Requested Amount

Amount Token
108,742 USDC
1,370 POOL

Budget Breakdown

Team Members

Role Yearly USD Compensation Commitment Percentage Quarterly USDC Quarterly POOL Contributor Contributor Discord
Lead $100,000 16% $3,164 1040 underthesea underthesea
Signer $100,000 4% $791 260 DaBoom DaBoom
Signer $100,000 4% $791 260 drcpu drcpu
Signer $100,000 4% $791 260 Hook Hook
Signer $100,000 4% $791 260 Noxe Noxe
Signer $100,000 4% $791 260 Lonser Lonser
Signer $100,000 4% $791 260 McOso McOso
Signer $100,000 4% $791 260 Pierrick Pierrick
Signer $100,000 4% $791 260 TheRealTuna TheRealTuna
Signer n/a n/a n/a n/a Brendan Brendan
Signer n/a n/a n/a n/a Leighton Leighton

Team Expenses

Description Amount
Prize Liquidity 100,000

Previous Budget Surplus

Any $ the team has that has carried over from previous quarters.

Description Amount Token
Compensation 1,750 POOL
Compensation 750 USDC

Appendix

Token Pricing

Token USD
USDC $1
POOL 0.6728370667
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