0x3fcb35a1…cb28sent to0xbeccb6bb…9bf6·#25,723,889·view on Etherscan
setRecipient(address,uint256,uint256)setRecipient(address,uint256,uint256)setRecipient(address,uint256,uint256)# Payroll Extension Proposal #2
Forum post: https://forum.inverse.finance/t/payroll-extension-proposal-2/675
# 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](https://forum.inverse.finance/t/payroll-extension-proposal-1/633) (executed on-chain as [Proposal #340](https://www.inverse.finance/governance/proposals/mills/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](https://www.inverse.finance/governance/proposals/mills/322)).
The proposal:
- Removes Nour from the DAO payroll. Following the [Inverse Finance Foundation Funding Proposal](https://forum.inverse.finance/t/inverse-finance-foundation-funding-proposal/664), 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](https://forum.inverse.finance/t/offboarding-inverse-contributor/643) 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 × 1,061 Band A + 2 × 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