Payroll Extension Proposal #2

Inverse Finance DAO
1

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).

The proposal:

  • Removes Nour from the DAO payroll. Following the Inverse Finance Foundation Funding Proposal, Nour is transitioning to the Foundation’s payroll as a contractor and will no longer receive DOLA payroll or INV vesting directly from the DAO
  • Grants the FoundationFunder contract an INV allowance of 6,000 INV per year, subject to a quarterly draw limit of 1,500 INV, in addition to its existing DOLA allowance, to fund Foundation contractor compensation including its token component. As with the existing DOLA allowance, each draw requires a public on-chain justification
  • Extends DOLA payroll for the 5 remaining 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 for the 5 remaining contributors, 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 and Nour’s transition to the Foundation payroll under this proposal, the DAO will have 5 contributors paid directly via DAO payroll.

The INV vesting contracts deployed under Proposal #340 ended on June 30, 2026. This proposal closes the resulting gap retroactively.

Active Contributors (DAO Payroll)

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
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 672,000 9,797 4,939

At an indicative INV price of ~$11, total compensation is approximately $167K/year (Band A) and $139K/year (Band B).

Nour will be compensated by the Foundation, funded through the FoundationFunder’s DOLA and INV allowances. His removal from DAO payroll is a voluntary transition and carries no severance.

Budget Impact

  • DOLA: Extending the 5 payroll streams from September 30, 2026 to March 31, 2027 commits an incremental 336,000 DOLA (6 months at 672,000 DOLA/year) beyond the currently authorized period. Of this, 168,000 DOLA covers the proposal term through December 31, 2026 and 168,000 DOLA covers the 3-month severance buffer, which is only paid out in the case of no extension.
  • INV (vesting): New vesting contracts total 4,939 INV (3 Ă— 1,061 Band A + 2 Ă— 878 Band B), vesting linearly from July 1, 2026 to December 31, 2026.
  • INV (Foundation): The FoundationFunder INV allowance authorizes up to 6,000 INV per year (1,500 INV per quarter), drawn as needed with on-chain justifications rather than transferred upfront.
  • The current Treasury balance of ~8,054 INV covers the 4,939 INV vesters in full, leaving ~3,115 INV for Foundation draws (about two quarters). A Treasury INV top-up may be proposed later in the term as needed; no mint is required in this proposal.

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

  1. Remove Nour from the DOLA payroll contract
  2. Update the DOLA payroll contract for the 5 remaining 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)
  3. Set XinvVestorFactory INV allowance to 4,939
  4. Deploy 5 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 MT, AlienDev, and CryptoHarry; 878 INV each for Edo and Karm
  5. Grant the FoundationFunder contract an INV allowance of 6,000 INV, subject to a quarterly draw limit of 1,500 INV
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