I don’t mind these types of proposals. I agree it is a lot of money but you need to spend money to make it. I think there are two things people are missing from this. 1) it is a minimum of two developers. If they’re able to find more developers at a better rate they could hire more. They could hire a lead at $170k and 3 juniors at $60k, etc 2) if they fail to complete the Validators by 05/01/2025 they’ll be required to pay back $175k.
I like the time line and the consequence of not meeting it. But it still a no for me.
I think we can be a little more creative with the funds we issue from the DOA. Like corporate structures of stock options and invested stock options. For example, a developer is hired at $60k. $50k is base (DEC/stable coin) and the remaining $10k is in the form of an “sps option” meaning the developer will have the option to buy SPS at a set price for a set time interval. Let’s say 5-years and an SPS price of $0.10. With our $10k example this would be 100k in Sps. The way the developer benefits here is if SPS passes $0.10. Let’s say sps hits $0.30 in 4 years. The developer decides to exercise his stock options and buy 100k Sps at $0.10/Sps from the DAO netting them a $20k profit. If Sps never reaches $0.10 in 5-years the Sps is released back to the DOA. This way the developer is invested in the company and wants it to succeed as opposed to just a one time employee.