Thanks for the calculations and comments @Sanctus. I think this framing is the same reason why we are having this conversation in the first place. Transparency.
Currently, the community’s main gripe is the lack of disclosure on individual compensation, and from utilising public information, the current compensation is not proportional or at the market rate. But without competition, the DAO doesn’t have much choice but to pay. The process of the Foundation taking on more responsibilities will help to ensure that better pricing is met. We thank the Wallfacer team for helping with this transition by outlining the responsibilities clearly. It shows good commitment to TrueFi’s success despite currently being in limbo.
If a proposed Wallfacer compensation for the transition and BD support cannot be met, then all the assets would need to be transferred in accordance with their contract. And there would be no continuation of the work that Wallfacer has been doing over the past months. This would be the worst-case scenario, that I’m sure all parties would like to actively avoid.
Thankfully @TylerEther has already presented the previous engagement with TFIP-8 and I suggest we return to this for the following three months during the transition ($226k/month).
Even with a 10-man team this seems more than reasonable. After a successful handover to the Foundation, we can assess which responsibilities will still be met by the Wallfacer for the success of TrueFi.