Payroll Extension Proposal #2
Summary
This proposal extends contributor compensation for a further 6 months, covering the period July 1, 2026 through December 31, 2026. It follows Payroll Extension Proposal #1 (executed on-chain as Proposal #340 on December 8, 2025), whose INV vesting contracts ended on June 30, 2026 and whose DOLA payroll streams are currently authorized through September 30, 2026. A 6-month term follows the biannual extension cadence established in the Payroll Restructuring Proposal (Mills #322).
No changes are proposed to compensation bands, rates, or roster. The proposal:
- Extends DOLA payroll for the 6 active paid contributors from September 30, 2026 to March 31, 2027, at unchanged rates, covering the term through December 31, 2026 plus 3 months of potential severance pay in the case of no extension after December 31, 2026
- Deploys new 6-month INV vesting contracts running retroactively from July 1, 2026 through December 31, 2026, at unchanged annual rates
Background
Payroll Extension Proposal #1 reduced annual payroll spend from 1,440,000 DOLA to 936,000 DOLA across 7 active contributors, extending DAO stablecoin runway from ~12 to ~18 months. Following the offboarding of Tabboz in February 2026, the DAO currently has 6 active paid contributors, bringing current annual payroll spend to 816,000 DOLA and 11,902 INV.
The INV vesting contracts deployed under Proposal #340 ended on June 30, 2026. This proposal closes the resulting gap retroactively.
Active Contributors
DOLA base compensation and INV compensation rates are unchanged from Payroll Extension Proposal #1. INV grants below cover the 184-day term (July 1 to December 31, 2026, 0.504 years):
| Contributor | Role | Band | Annual DOLA | Annual INV | Term INV |
|---|---|---|---|---|---|
| Nour | General Coordinator & Solidity | A | 144,000 | 2,105 | 1,061 |
| MT | Solidity Engineer | A | 144,000 | 2,105 | 1,061 |
| AlienDev | Frontend Engineer | A | 144,000 | 2,105 | 1,061 |
| CryptoHarry | Head of Treasury | A | 144,000 | 2,105 | 1,061 |
| Edo | Head of Risk Management | B | 120,000 | 1,741 | 878 |
| Karm | Risk Manager | B | 120,000 | 1,741 | 878 |
| Total | 816,000 | 11,902 | 6,000 |
At an indicative INV price of ~$11, total compensation is approximately $167K/year (Band A) and $139K/year (Band B).
Budget Impact
- DOLA: Extending the 6 payroll streams from September 30, 2026 to March 31, 2027 commits an incremental 408,000 DOLA (6 months at 816,000 DOLA/year) beyond the currently authorized period. Of this, 204,000 DOLA covers the proposal term through December 31, 2026 and 204,000 DOLA covers the 3-month severance buffer, which is only paid out in the case of no extension.
- INV: New vesting contracts total 6,000 INV (4 × 1,061 Band A + 2 × 878 Band B), vesting linearly from July 1, 2026 to December 31, 2026. The current Treasury INV balance of ~8,054 INV covers this in full, so no INV mint is required.
As with Proposal #1, severance is one-time, 3 months of pay streamed in DOLA, and contingent on successful off-boarding (handover of access, documentation, and transitional support). It applies in the case of no extension after December 31, 2026, or where a future extension does not include an existing contributor.
On-Chain Actions
- Update the DOLA payroll contract for the 6 active contributors listed above, extending stream end dates from September 30, 2026 to March 31, 2027 (epoch 1806537599) at unchanged annual rates (144,000 DOLA for Band A; 120,000 DOLA for Band B)
- Set XinvVestorFactory INV allowance to 6,000
- Deploy 6 INV vesting contracts via the XinvVestorFactory with start date July 1, 2026 (epoch 1782864000) and duration 15,897,600 seconds (184 days, ending EOD December 31, 2026, epoch 1798761599): 1,061 INV each for Nour, MT, AlienDev, and CryptoHarry; 878 INV each for Edo and Karm
Next Extension Timeline
The proposal term and INV vesting end on December 31, 2026, with DOLA payroll streams set to March 31, 2027 to embed the severance buffer. Payroll Extension Proposal #3 should be posted to the forum no later than early December 2026 to allow for discussion and on-chain execution before the term ends.