YAT SIU Answers Community Concerns Regarding ApeCoin DAO Salary Payouts

Mayor’s $20,000 salaries ‘insane’ for special council: Twitter

According to a Twitter user, the salaries are “insane” and the DAO may be “burning cash on nothing.” The community member claims that they were unaware of what the “special council” is doing to merit $20,000 per month. Michael, a community member, tweeted that, if done correctly, the council jobs might be worth the money to the right people. In any case, the local area part added that “100k to mod a discussion and one more to oversee however is laughs.” One people group depicted the compensations as being “madly distant,” while another Twitter client blamed the individuals who went with this choice for being “disengaged from the real world.”

ApeCoin DAO chief defends compensation in response to community’s concerns

Yat Siu, a member of the ApeCoin DAO board, stated in a Twitter thread that the compensation paid corresponds to the “responsibility and liability of the role” in response to the community’s concerns. As per Siu, various ventures pay more because of variables like gambling and risk, and brought up that the crypto and Web3 enterprises have a lot of these. The board member stated that, although not exactly the same, the special council’s roles are somewhat comparable to those of executives in mid-cap companies who receive comparable compensation. Serving a multi-billion dollar DAO and the associated risks and liabilities for each member are real and serious, as is the duty of care that comes with it,” Siu tweeted.

A community member asked in the thread whether those earning $20,000 per month have resumes comparable to those of public company directors. Siu responded that despite the fact that not all of them are typical public board director candidates, this is what makes DAOs exciting. As indicated by Siu, this demonstrates that individuals who don’t have normal foundations can perform well whenever offered the chance.