Collaborative compensation for DAO contributors: BanklessDAO and Coordinape

In a traditional corporation, decision-making over compensation can be quite centralized where usually a manager, boss, or executives choose pay ranges and salaries for employees. Sometimes those people do not actually have a close look at whether or not that pay is appropriate. 

Coordinape supports groups who want to engage in a decentralized gifting process using a structure of “Circles,” or small groups of the DAO members who choose to participate. Each Circle can define their own rules of participation. Then, Coordinape will give a circle a period of time within which contributors can send each other GIVE tokens, representing that Circle’s total budget allocation. Finally, once the Epoch is over, the amount of GIVE that a member receives can be exchanged for a pro-rate amount of the monthly treasury budget. “The idea underpinning Coordinape’s Gift Circle is that a group of contributors doing the work is going to know compensation better than one individual at the top.” [1]