# MIP39c3-SP7: Core Unit Offboarding (COM-001)

## Preamble

```
MIP39c3-SP#: 7
Author(s): @Davidutro
Contributors:
Tags: com-001
Status: Accepted
Date Proposed: 2022-12-06
Date Ratified: 2023-01-23
Forum URL: https://forum.makerdao.com/t/mip39c3-sp7-core-unit-offboarding-com-001/19068
Ratification Poll URL: https://vote.makerdao.com/polling/QmV9iktK
Extra: The winning option was Option 1 (80% Multiplier - 156.098 Total MKR | 85,854 DAI Equivalent Value). The amounts under _Payment_ have been set accordingly, as was the multiplier under _Sources and Data_.
```

## Sentence Summary

This is an offboarding proposal for the GovComms Core Unit that includes both a golden parachute and retroactive MKR compensation.

## Specification

### Core Unit ID

COM-001

### Motivation

MakerDAO is restructuring in accordance with the Endgame Plan. With the rejection of our last budget proposal, we’ve been advised by the leading delegates that work related to our mandate would be better executed as an ecosystem actor or as an in-house function within other stakeholder groups. The rejection of our budget proposal did not come with a complementary offboarding proposal, so we are putting it up ourselves. This Core Unit should be formally offboarded to support the transition, formalize the status of the team, and provide any "golden parachute" compensation and retroactive benefits due to contributors.

### Facilitator

With the offboarding of this Core Unit, the offboarding of the Facilitator is implied.

### Deliverables and Responsibilities

Administrative responsibilities:
* Managing relationships with our accounting and payroll service providers
* Managing the Operational Multisig
* Managing the Continuous Operations Multisig
* Participation in the Ambassador Program as a multisig signer
* Paying invoices
* Publishing monthly financials

Active programs:
* Calendars
  * Calls
  * Votes and Important Dates
* Call Support
  * Attendance tracking
  * Banners/Thumbnails
  * Hosting
  * Summaries
  * Slide Decks
  * Strategy
* Communication Platform Stewardship
  * Forum Moderation
  * Subreddit Moderation
  * Forum Information Architecture Design
  * Tag correction
* Emergency Communications Support
  * Pager Duty Coordination w/TECHOPs
  * Emergency Playbook
* Stakeholder Alignment
  * Participate in Decentralized Operations Initiative
  * Host Monthly Collateral Management Initiative Planning
  * Host Monthly Security Initiative Planning
* Stakeholder Content
  * Aggregated Monthly CU Updates
  * Weekly Relay
  * Weekly Forum Recap
* Stakeholder Database
* Stakeholder Notices
  * Vault Offboarding Notices as required by MIP62
* Trackers
  * External
    * All Available Dashboards Tracker
    * All Available Guides Tracker
    * Office Hours Tracker
    * Initiatives Tracker
    * Discord Server Tracker
    * Publications Tracker
  * Internal
    * Call Support Tracker
    * Current Events Tracker
    * Services and Owners Tracker
    * Offboarding Checklist
    * Publications Tracker
    * DAO Accounts for Zoom
    * Event-Specific Trackers for Attendees, Speakers, and Resources

### Core Unit Unwinding -- Work

The active facilitator, @Davidutro, will execute the unwinding of the Core Unit with expected completion by the end of January 2023.

1. Administrative responsibilities
* The last contributor invoices will be paid in the first week of January.
* Financial statements for both December and January will be published.
* An agreement will be made with accountable to administer the severance package in February, assuming this proposal passes.
* All excess funds will be returned from AccountAble and the Operational Multisig.
* The Continuous Operations Multisig will have its funds returned.
* An agreement will be made for the ambassador program multisig to replace us.
* We will verify that all intangible assets are appropriately licensed and that any transferable assets be transferred to the appropriate parties.

2. Active Programs
* Following the budget rejection, we worked with the GovAlpha Core Unit to transition the critical and most valuable parts of our work. We are on track to close or transition all of our work by the end of December.

### Core Unit Unwinding -- Funds

#### One-time expense associated with unwinding

* 2x $350 offboarding charges from the payroll provider
* Severance Packages for full-time team members
* Retroactive MKR benefit compensation
* January compensation for Facilitator
* January expense for accounting & payroll services

#### Golden Parachute

These amounts will be transferred through the Executive Vote that follows the ratification of this proposal, contingent upon the completion of the Core Unit’s unwinding as signified by the successful transition of work items, return of all excess funds, publication of all financials, and the closure of the continuous operations multisig.

| Detail | Amount (DAI) |
|---|---|
| 3 months of Facilitator Compensation & Healthcare costs | 35,950 |
| 3 months of PM Compensation & Healthcare costs | 24,750 |
| Total | 60,700 |

#### Retroactive MKR Compensation

##### Summary

Govcomms did not prioritize getting an MKR compensation package in place early on. Instead, we decided to prioritize our actual work while waiting to see if a preferred standard would emerge by the end of the year. That never happened and so we planned to publish our proposal, modeled after [GovAlpha’s](https://mips.makerdao.com/mips/details/MIP40c3SP60), for RFC in December 2022, so it could be voted on in January, in time for what would have been our first 1-year cliff vest in February(under the GovAlpha model). Since the Core Unit has been defunded, we added our retroactive MKR compensation here as a part of our offboarding.

During the RFC period of this proposal, we polled recognized delegates about their preference for paying out in MKR or the DAI equivalent value, DAI equivalent value won.

##### Formula

MKR Compensation will be derived based on the salary earned within the Core Unit during the retroactive eligibility period. This proposal would compensate team members in MKR in the amount of  80%, 100%, or 120% multiplied by the DAI earned during the eligibility period divided by the moving average of MKR over the eligibility period to derive the MKR token amount for each contributor.

`MKR amount` = `DAI earned` x `multiplier%` / `$1737.12`
`DAI Eqivalent` = `MKR amount` x `current price`

##### Sources and Data

`Current Price` - Approximate price on 12-26-2022
**$550.00**

`Eligibility Period` - From inception to last day of approved budget: 
**August 1st, 2021 through December 31st, 2021**

`Lockup` - Determined during the RFC period.
**None.**

`MKR Moving Average` - Is derived from the "Close" price on CoinGecko (latest data point per day, UTC), taking the average closing price for that eligibility period. See [spreadsheet](https://docs.google.com/spreadsheets/d/1YqExo-6-uVrXQoAkhayO5ZrupwxDZlxPnIHvA1TXWkw/edit?usp=sharing) for data.
**Price: `$1,737.12`**

`Multiplier%` - Determined by the proposal's on-chain vote result.
***80***

`Token` - Token used for the payout was determined during the RFC period.
**DAI**

#### Payments

@Davidutro Golden Parachute Payment:
35950 DAI sent from the Surplus Buffer to `0x1eE3ECa7aEF17D1e74eD7C447CcBA61aC76aDbA9`

@Artem_Gordon Golden Parachute Payment:
24750 DAI sent from the Surplus Buffer to `0x1eE3ECa7aEF17D1e74eD7C447CcBA61aC76aDbA9`

@Davidutro Retroactive Bonus Payment:
43059.78 DAI sent from the Surplus Buffer to `0x1eE3ECa7aEF17D1e74eD7C447CcBA61aC76aDbA9`

@Artem_Gordon Retroactive Bonus Payment:
27439.97 DAI sent from the Surplus Buffer to `0x1eE3ECa7aEF17D1e74eD7C447CcBA61aC76aDbA9`

Alec Horner Retroactive Bonus Payment:
1335.49 DAI sent from the Surplus Buffer to `0x50D2f29206a76aE8a9C2339922fcBCC4DfbdD7ea`

Andrea Suáreze Retroactive Bonus Payment:
1982.65 DAI sent from the Surplus Buffer to `0xeD27986bf84Fa8E343aA9Ff90307291dAeF234d3`

Ashton Playsted Retroactive Bonus Payment:
714.39 DAI sent from the Surplus Buffer to `0x3dfE26bEDA4282ECCEdCaF2a0f146712712e81EA`

Bernard Agrest Retroactive Bonus Payment:
1375.13 DAI sent from the Surplus Buffer to `0x74520D1690348ba882Af348223A30D760BCbD72a`

Brandon Lewandowski Retroactive Bonus Payment:
582.57 DAI sent from the Surplus Buffer to 0x471C5806cadAFB297D9b95B914B65f626fDCD1a7

Constanza Pregal Petrinec Retroactive Bonus Payment:
1025.84 DAI sent from the Surplus Buffer to `0x051cCee0CfBF1Fe9BD891117E85bEbDFa42aFaA9`

Gala Retroactive Bonus Payment:
630.83 DAI sent from the Surplus Buffer to `0x1c138352C779af714b6cE328C9d962E5c82EBA07`

Iván Berestein Retroactive Bonus Payment:
254.56 DAI sent from the Surplus Buffer to `0x55f2E8728cFCCf260040cfcc24E14A6047fF4d31`

Larry Wu Retroactive Bonus Payment:
1757.73 DAI sent from the Surplus Buffer to `0xE004DAabEfe0322Ac1ab46A3CF382a2A0bA81Ab4`

Mario Ferrari Retroactive Bonus Payment:
3012.92 DAI sent from the Surplus Buffer to `0xC2bE81CeB685eea53c77975b5F9c5f82641deBC8`

Po Kunfu Retroactive Bonus Payment:
2682.16 DAI sent from the Surplus Buffer to `0xdB7c1777b5d4502b3d1228c2449F1816EB507748`

#### Possible remedy to avoid offboarding

None.

#### Ratification Vote

The vote for this proposal shall be in Ranked Choice (IRV) format, featuring the following options:

* Option 1: 80% Multiplier - 156.098 Total MKR | 85,854 DAI Equivalent Value
* Option 2: 100% Multiplier - 195.122 Total MKR | 107,317.50 DAI Equivalent Value (CU-Preferred)
* Option 3: 120% Multiplier - 234.147 Total MKR | 128,781 DAI Equivalent Value
* Option 4: Reject Offboarding Proposal

|Name|Dai earned|80% Multiplier|MKR Moving Price|MKR amount|DAI Equivalent|
|---|---|---|---|---|---|
|David Utro|170,000.00|136,000.00|1,737.12|78.29050382|43,059.78|
|Artem Gordon|108,333.00|86,666.40|1,737.12|49.89085383|27,439.97|
|Alec Horner|5,272.50|4,218.00|1,737.12|2.428156949|1,335.49|
|Andrea Suárez|7,827.50|6,262.00|1,737.12|3.604817169|1,982.65|
|Ashton Playsted|2,820.42|2,256.34|1,737.12|1.298894722|714.39|
|Bernard Agrest|5,429.00|4,343.20|1,737.12|2.500230266|1,375.13|
|Brandon Lewandowski|2,300.00|1,840.00|1,737.12|1.059224463|582.57|
|Constanza Pregal Petrinec|4,050.00|3,240.00|1,737.12|1.86515612|1,025.84|
|Gala|2,490.50|1,992.40|1,737.12|1.146955881|630.83|
|Iván Berestein|1,005.00|804.00|1,737.12|0.4628350373|254.56|
|Larry Wu|6,939.50|5,551.60|1,737.12|3.195864419|1,757.73|
|Mario Ferrari|11,895.00|9,516.00|1,737.12|5.478032606|3,012.92|
|Po Kunfu|10,589.17|8,471.34|1,737.12|4.876655614|2,682.16|
|**Totals**||||**156.0981809**|**85,854.00**|

|Name|Dai earned|100% Multiplier|MKR Moving Price|MKR amount|DAI Equivalent|
|---|---|---|---|---|---|
|David Utro|170,000.00|170,000.00|1,737.12|97.86312978|53,824.72|
|Artem Gordon|108,333.00|108,333.00|1,737.12|62.36356728|34,299.96|
|Alec Horner|5,272.50|5,272.50|1,737.12|3.035196187|1,669.36|
|Andrea Suárez|7,827.50|7,827.50|1,737.12|4.506021461|2,478.31|
|Ashton Playsted|2,820.42|2,820.42|1,737.12|1.623618403|892.99|
|Bernard Agrest|5,429.00|5,429.00|1,737.12|3.125287833|1,718.91|
|Brandon Lewandowski|2,300.00|2,300.00|1,737.12|1.324030579|728.22|
|Constanza Pregal Petrinec|4,050.00|4,050.00|1,737.12|2.331445151|1,282.29|
|Gala|2,490.50|2,490.50|1,737.12|1.433694851|788.53|
|Iván Berestein|1,005.00|1,005.00|1,737.12|0.5785437966|318.20|
|Larry Wu|6,939.50|6,939.50|1,737.12|3.994830524|2,197.16|
|Mario Ferrari|11,895.00|11,895.00|1,737.12|6.847540757|3,766.15|
|Po Kunfu|10,589.17|10,589.17|1,737.12|6.095819517|3,352.70|
|**Totals**||||**195.1227261**|**107,317.50**|

|Name|Dai earned|120% Multiplier|MKR Moving Price|MKR amount|DAI Equivalent|
|---|---|---|---|---|---|
|David Utro|170,000.00|204,000.00|1,737.12|117.4357557|64,589.67|
|Artem Gordon|108,333.00|129,999.60|1,737.12|74.83628074|41,159.95|
|Alec Horner|5,272.50|6,327.00|1,737.12|3.642235424|2,003.23|
|Andrea Suárez|7,827.50|9,393.00|1,737.12|5.407225753|2,973.97|
|Ashton Playsted|2,820.42|3,384.50|1,737.12|1.948342083|1,071.59|
|Bernard Agrest|5,429.00|6,514.80|1,737.12|3.750345399|2,062.69|
|Brandon Lewandowski|2,300.00|2,760.00|1,737.12|1.588836695|873.86|
|Constanza Pregal Petrinec|4,050.00|4,860.00|1,737.12|2.797734181|1,538.75|
|Gala|2,490.50|2,988.60|1,737.12|1.720433821|946.24|
|Iván Berestein|1,005.00|1,206.00|1,737.12|0.694252556|381.84|
|Larry Wu|6,939.50|8,327.40|1,737.12|4.793796629|2,636.59|
|Mario Ferrari|11,895.00|14,274.00|1,737.12|8.217048909|4,519.38|
|Po Kunfu|10,589.17|12,707.00|1,737.12|7.314983421|4,023.24|
|**Totals**||||**234.1472713**|**128,781.00**|