Introduction
The transition is going well and @WallfacerLabs have been helpful with the handover of the TrueFi assets, socials and ongoing operations. We are maintaining the core TrueFi operations, as we move into the next stage of TrueFi’s development, the Board of Directors will be collaborating more closely with our service providers to scale both current and future TrueFi offerings.
Increased Workload and Board Member Replacement
With the transition demanding more time and effort from the Directors than initially anticipated, we are in the process of looking for someone to replace the resigned Board member and have discussed increased support from service providers.
Transparency in Board Activities and Compensation
In the spirit of transparency, we have outlined the total hours worked by the Board over the past 7 months, on top of the regular 4 hours per week. The total amount of TRU to be allocated to the Board of Directors is 1,071,715 TRU.
For reference, you can review the tasks and compensation calculations here:
You can also review the original roles, responsibilities and compensation here:
- [Board Candidate] Nathan Vandy's Platform Statement
- [Board Candidate] Ferengi's Platform Statement
- [Board Candidate] Masahide Hoshi's Platform Statement
Community Feedback and Next Steps
Given that the original agreement has been confirmed, we are presenting this for community feedback for 48 hours before proceeding on-chain via Tally.
We appreciate your input and look forward to providing further updates.