We used Coordinape to pay our DAO. Here’s what we found

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Here’s a run-down of how to use Coordinape in your DAO:

Nelson Jordan • We used Coordinape to pay our DAO. Here’s what we found

After much investigation, we decided the best way was to move Season 1’s total compensation budget of 15 ETH from our Gnosis Safe to Metamask and from there to Disperse, which we used to send out compensation in one batch to save on fees.

Nelson Jordan • We used Coordinape to pay our DAO. Here’s what we found

Sophie’s 50 GET Tokens are 5% of the available 1,000 GET tokens, so she is sent 5% of the DAO’s total budget (5% of 25,000 USDC = 1,250 USDC.)

Nelson Jordan • We used Coordinape to pay our DAO. Here’s what we found

-Sophie receives 50 GIVE tokens from the community for her contributions.

Nelson Jordan • We used Coordinape to pay our DAO. Here’s what we found

Here’s what this looks like from the perspective of an individual contributor:

Nelson Jordan • We used Coordinape to pay our DAO. Here’s what we found

-Pay people based on Coordinape’s contributor breakdown.

Nelson Jordan • We used Coordinape to pay our DAO. Here’s what we found

-The DAO’s seasonal budget is 25,000 USDC.

Nelson Jordan • We used Coordinape to pay our DAO. Here’s what we found

-Ask your contributors to allocate their tokens proportional to the value they think others brought to your DAO.

Nelson Jordan • We used Coordinape to pay our DAO. Here’s what we found

-At the end of the season, Coordinape will show how many tokens each person has received. These are then averaged out as a percentage of the available budget.