This proposal is to amend the terms of the MOD Team compensation from the previous MOD Team compensation proposal passed in March.
To pay the MOD Team 75,000 USDC as an incentive compensation and for work done prior to the original compensation proposal was implemented.
To schedule a pre-payment of 150,000 USDC for work that will be done from July 15th to January 15th, 2023. This is not a change in the payments themselves, but the scheduling of a one lump payment to be made if this WIP passes.
Despite the hurdles faced internally and horrific market conditions externally, I believe that they have been able to keep conditions here healthy enough to keep the project intact. I believe that they should be compensated beyond the contract - especially also in light that they had begun work in earnest in January.
For this, I firmly believe as a retroactive and incentive compensation the MOD team should receive 75,000 USDC to be distributed by Alice as judged appropriate.
Looking forward, the team has significant work ahead and Wonderland depends on this. However, given the market conditions and overall global conditions for crypto - that a peace of mind is necessary and propose to pre-fund Mod pay for 6 months and held by Alice and payments from this would be at Alice’s discretion.
Note that this payment will not affect the redemption level for Q2 2022.
Further, in the case that Wonderland is wound down prior to January 15th, 2023 then Alice will return the remaining funds less amount owed to the team for the work done but not yet paid.
If the proposal is passed, Wonderland will send USDC of the amount of 225,000 USDC to the Mod Avax Address.
From August 15th to January 15th, 2023, no more monthly payments will be made as the 150,000 USDC pre-fund was sent.
July 15th payment schedule in MIM 25,000 will not be affected and paid accordingly.