How To Work for a DAO

This document covers how to transition to and work for a DAO as well as how to spin up and operate a workstream or subdao within a DAO.

Funding

How to get funding
- [link to budget proposal submission process]
- Budget should focus on reward amount, not USD value
- Budget should focus on high level of what will be accomplished in what time period with the funding requested
- Initially may start with 3 month budget and extend that to 6/12+ months in the future once a workstream has set a track record
- Submitting a proposal to Tally requires someone with 1MM+ votes(tokens)
  - Tally is working on a feature to make this process more achievable by others
  - Fish.vote can do this now apparently
How to manage funds
- Gnosis multisig is a good option
- Generally 2 of 3 signers is a good minimal starting place

Compensation

Workstream lead/proposer - Should be calculated using the same process as other workstream members and should be able to explain the process used to come up with the pay level
Full time employees - Can be paid monthly at a consistent rate until no longer working for the DAO/workstream
Everyone - Working for a DAO is potentially risky (or is at least perceived as such at this point) so adding a premium to pay is reasonable
Incentive - [info soon to come]
Pay Timing & Schedule Options
- Full Time
  - Pay ahead 1 month
  - Pay at end of month
Pay Calculation
- At the time of budget creation, # of GTC should be identified for each role
- A preset period of time should be identified for which re-adjustment of the number of GTC being paid is done (this helps to address issues where the number of tokens is no longer sufficient incentive to complete work)
- The option to have compensation be made in # of GTC vs variable depending on incentive level is an option
- Workstreams could set a lower level where incentive is increased in order to protect team members and incentivise them to work for the DAO and continue working for the DAO
Taxes & Workstream Lead/Member Protection
- An LLC can be created through which payments are issued from
  - [how to create an LLC]
  - Good to create LLC in Wyoming for DAO
- US employees should have 1099s filed for them when paid over [?]
- Services that can assist with 1099s

Benefits

Reference Material

Questions

How do we pay people that do work for a workstream (sub DAO of the DAO)?
How do we convince people to come work for the DAO?
- How long are projects?
- Can we guarantee pay for X period of time?
- How does one get medical coverage while working for a DAO?
How does one pay themselves or determine how much they should get paid when working for the DAO?
- Proposal to the DAO?
- Lump it in with the bigger picture budget?
- As part of the proposal say how much you will pay yourself then the rest of the budget can be used as necessary?
How does regular pay work?
Can we reward workstreams/workers in GTC for hitting milestones?
How does the DAO handle a workstream or individual not doing what they are supposed to get?
How can someone working for the DAO finance a home as easily if they were working for a corporation?
How can I pay someone over the amount that requires a 1099?
When I receive funding for a grant or workstream, how does that work with my income/taxes?

Ways to pay

This gets paid when X happens
Protocol for what type of funding
- Outcome based, etc…
Contract for each workstream to hold funds and release in some way
- Ability to ask the DAO to change the way that funding is being released

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