0xEB2c
May 3rd, 2022

The Crypto Pay Guide is a series of articles that will be authored and released by C3 over the coming weeks. Each article will cover a separate compensation topic, focusing primarily on full-time employees in the web3.

What has the Crypto Pay Guide covered so far?

  1. Objectives & Compensation Risk
  2. Compensation Model
  3. Compensation Process
  4. Compensation Governance
  5. Token Grant Practices & Vesting

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0xEB2c
April 8th, 2022

The Crypto Pay Guide is a series of articles that will be authored and released by C3 over the coming weeks. Each article will cover a separate compensation topic, focusing primarily on full-time employees in the web3.

What has the Crypto Pay Guide covered so far?

  1. Objectives & Compensation Risk
  2. Compensation Model
  3. Compensation Process
  4. Compensation Governance

***

0xEB2c
March 22nd, 2022

The Crypto Pay Guide is a series of articles that will be authored and released by C3 over the coming weeks. Each article will cover a separate compensation topic, focusing primarily on full-time employees in web3.

What has the Crypto Pay Guide covered so far?

  1. Objectives & Compensation Risk
  2. Compensation Model
  3. Compensation Process

***

0xEB2c
March 8th, 2022

The Crypto Pay Guide is a series of articles that will be authored and released by C3 over the coming weeks. Each article will cover a separate compensation topic, focusing exclusively on full-time employees in web3.

What has the Crypto Pay Guide covered so far?

  1. Objectives & Compensation Risk
  2. Compensation Model

***

0xEB2c
February 24th, 2022

The Crypto Pay Guide is a series of articles that will be authored and released by C3 over the coming weeks. Each article will cover a separate compensation topic, focusing exclusively on full-time employees or contributors in web3.

What has the Crypto Pay Guide covered so far?

  1. Objectives & Compensation Risk

***

0xEB2c
February 15th, 2022

The Crypto Pay Guide is a series of articles that will be authored and released by C3 over the coming weeks. Each article will cover a unique compensation topic, focusing specifically on practices for full-time web3 employees or contributors (referenced as “employees” for the remainder of this guide). These employees dedicate their entire capacity to a single organization and receive some form of fixed compensation for their service, whether that be an annual base salary or token award (e.g., front-end developer, UI designer, business development lead, Chief Technology Officer). This series will cover compensation for part-time contributors at decentralized autonomous organizations (DAOs) in a future installment.

Objectives for the Crypto Pay Guide

  1. Trailblaze. Unfortunately, very little has been written on this topic thus far. There are plenty of resources covering compensation best practices for start-ups, private companies, and corporations, and, although these are helpful reference documents, none of them are tailored to web3’s unique governance structure and operating model (more on that later).

  2. Standardize. There are little to no compensation governance standards within the crypto industry. Organizations are making decisions in a silo because they are isolated from practices conducted at their peers.

    Protocols are grappling over seemingly mundane and administrative issues, such as: who should be evaluating compensation levels and ownership, and how often? What market data do we use? How often should employees receive tokens? What is the most appropriate vesting schedule? etc.

    Web3 organizations do not have human resources professionals in-house to tackle these issues. Leaders are not compensation experts and are thereby forced to rely heavily on prior experience or investors to design compensation plans.

  3. Provide transparency. Public corporations are required to disclose pay levels and compensation plan design for their named executive officers. Web3 organizations are not required to report anything compensation-related (yet). Therefore, compensation information is limited to what is electively disclosed on governance forums and Twitter. The Crypto Pay Guide is an attempt to summarize the current state of compensation within the crypto industry. C3 will also leverage our experience working with start-ups and public corporations to provide insight on where we think compensation is headed for this industry.