There is a lot of good conversation here, and I am a bit perplexed that the compensation conversation takes place after two weeks of work on a proposal not even originally proposed by GFX, and I think it overshadows crucial details about the proposed agreement terms. I would suggest moving the compensation request conversation to a separate thread, but I will share my thoughts here for visibility. The ongoing discussion about the Tribal Force would be better suited for this discussion if the plan was for long-term contributions to the Tribe DAO, which would be a big win for the Tribe community, as GFX has a strong track record of successful contributions to other DAOs.
It is great that GFX has increased its presence to provide its services to our communities in this exciting time. However, I think the request for 3M TRIBE is excessive (as many have stated). Furthermore, M&A is an area in DeFi where we may not need rent-seeking intermediaries / advisors.
This engagement sets the stage for future Tribe DAO relationships, and should not be taken lightly.
As it relates to costs, I believe this proposal and work rendered are more in line with how we pay for audit work, which includes code review and final report writing. GFX mentioned their team worked for two weeks on this proposal (part-time?) and given current audit rates ranging from 15k-24k per week, this is what I would suggest to be a generous range for compensation.
The post is also unclear if GFX plans to provide business consultancy or technical execution team. If it’s for business consultancy, the proposal shows a lack of understanding of our v2 and also omits important details, such as vesting schedules and retention policy for DAO employees. It would also be helpful to understand how GFX came to the conclusion which blocks were selected for pricing. If the plan is to be the technical execution team, it is in the best interest of the Tribe DAO to put the work out to RFP (as mentioned already) to other reputable devs, as well as to require accountability if there are execution issues.
In the post on the Tribal Force thread, it would be great if the GFX team could introduce itself (like our other contributors), including who your seed investors are, and the added benefits that GFX could bring to the DAO and the governance process. It would be helpful to know how much the company would commit to the DAO per week, and then to request a TRIBE vesting plan to reflect continued service with monthly reviews by the community and a clawback if either party decides to terminate the relationship.
Given that GFX is requesting to be paid in TRIBE for its services before the merger, this poses a moral hazard, as there could be an incentive to value TRIBE higher than RGT unfairly. As such, the work for this proposal should be paid out in FEI to ensure that GFX is a credibly neutral third party. If GFX wants to join the Tribal Force, they can join the discussion and apply, and current conversation suggests payouts in 50% FEI and 50% TRIBE.