Equitable DAO: Salaries at Pangolin

Employment at Pangolin

  • Bonuses
  • Paid time off
  • Access to deal flow after a certain amount of time
  1. Different Exchange Rates (US dollars, Brazilian Real, Indian Rupee, Turkish Lira et al). We use the dollar as our “Accounting/Reporting” currency. So we need to take into account historical depreciation against this base currency.
  2. The costs of living in their city/town. We find this by using Numbeo https://www.numbeo.com/cost-of-living/
  3. The inflation rate in that country. High inflation would diminish their wages in real terms. This is especially valid for Turkish members and even the US at 8.5% is not insignificant *
  4. A base index for a point of comparison
  5. Each employees monthly salary expressed in USD
  6. A well defined target for differences in wages. As an example, what should be the maximum difference between the highest paid member and the lowest paid member be? Currently it’s 2. So this means the lowest paid member in real terms earns half of the highest paid member. We are currently around 15 members but as we scale through to 50, that target will change gradually to 4. For comparison, I believe Europe’s average is 8 and the US shockingly enough is 32.

Defining Fair Wages Based on Location

  • Inflation at 61% (Some people think this figure is manipulated by a centralized state and is more than double this)
  • Turkish Lira’s devaluation against the USD at 44%. Since we have to pay in Turkish Lira to make sure Mehmet is compliant with local laws.

So how do we make sure that Mehmet earns a fair, equitable wage at Pangolin and doesn’t fall victim to the monetary policy within their country?

Laying the Foundation for Growth

About Pangolin Exchange

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A community-driven decentralized exchange for Avalanche https://pangolin.exchange/

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Pangolin Exchange

Pangolin Exchange

A community-driven decentralized exchange for Avalanche https://pangolin.exchange/

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