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Unsurprisingly, the saga continues: A contributor,

, is looking to claim a “founder grant” of ~$1.34m in the first 12 months. It looks like it’s going to be approved by the current voters. People need to dive into how vesting schedules work.

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0xMaki ⌐◨-◨

I'd like to signal my intend of going fulltime with @SushiSwap if this proposal is accepted by the community, your support would be appreciated and if it doesn't pass I will still be helping while sleep-deprivated : snapshot.page/#/sushi/propos

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500k sushi ($1.25M) immediately, with another 500k sushi in 12 months

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Absolute disgusting. Absurd.

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this is all sam

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It’s

voting?

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all of it

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wait that's definitely not true

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I am curious: do you think that payout is reasonable? No employee of any company gets a deal like that.

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I wasn't commenting on the payout, I was commenting on the fact that Scott had just unambiguously lied and that's not ok.

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Yep. I’m not here to comment on that. As a separate point. I’m curious if you think this is a reasonable proposal?

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In general what % of a project do you think is reasonable to go to founders? I mean if your answer is '0%, founders shouldn't get rewarded', that's fine, but wanted to check if that's true, or otherwise what % you'd say.

2:38 AM · Sep 12, 2020Twitter Web App

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What do YOU think of this proposal Sam?

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I mean I guess I would have said that a few % for founding + a few % for continued work on Sushi going forward would be reasonable, mostly locked up long-term. You can do the math about where that gets you, but it's a lot higher than this.

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I think if founders end up with 20% of a public company that’s great. For protocols it feels like sub 10% is more optimal. For 2 weeks work that largely involved forking others’ work, it feels like a lot less. What if it was 100k sushi vesting over 5 years with a 1 year cliff?

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Honestly I think I'd like you to first propose what % you think is correct in this case. "A lot less than 10%" -- what % does that mean? To be clear you just proposed about 0.05%, which I would say is probably not what you meant by "a lot less".

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Sushi has shown the best and worst of crypto and I think Sam / Alameda absolutely saved a project that is net positive to the ecosystem (5 BPS share to dex token holders is appropriate) the grants to Maki are insane. Maybe 10-15k sushi today (3 weeks of work) + 300k 24-36 mo vest

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to be clear what % of the project do you think should go to the founders? Please answer in a percentage.

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