Good morning I present to you the Draft for PIP-24:
# PIP-24: Grant Request for Compliance Officer Appointment
## Introduction
As outlined in the Panther Protocol v1 Launch Process, the first key task in the roadmap to activate the v1 mainnet is appointing a Compliance Officer and securing funding for their compensation. The Compliance Officer is essential for ensuring regulatory compliance within the DAO-managed zone. This proposal (PIP-24) nominates two candidates—nistelki and Praetorian—for the role based on their quoted terms and requests a grant from the Panther Foundation to cover the selected candidate’s stipend.
## Proposal Objectives
1. **Secure Funding**: Request a grant from the Panther Foundation to cover the Compliance Officer’s compensation.
2. **Appoint Compliance Officer**: Nominate nistelki and Praetorian as candidates for the Compliance Officer role to manage regulatory compliance duties, with the community voting to select one.
## Section 1: Grant Request for Compliance Officer Compensation
### Need for Funding
The Compliance Officer role requires compensation for performing essential duties for the DAO-managed zone. Two candidates have been nominated, with the following compensation details:
- **nistelki**: 5-10 hours per month at $150/hour (payable in USD or USDC). Assuming an average of 7.5 hours/month, the monthly cost is $1,125 (7.5 hours × $150/hour).
- **Praetorian**: Up to 20 hours per month at £70/hour (approximately $87.50/hour, payable in ZKP). Assuming 20 hours/month, the monthly cost is approximately £1,400 or $1,750 (20 hours × $87.50/hour).
**Total Estimated Monthly Cost**:
- If nistelki is selected: $1,125/month in USDC.
- If Praetorian is selected: ~$1,750/month in ZKP (based on £1 = $1.25, subject to exchange rate fluctuations).
### Grant Request Details
The DAO requests a grant from the Panther Foundation to cover the Compliance Officer’s stipend for an initial period of 12 months, with the amount depending on the selected candidate:
- **nistelki**: $13,500 ($1,125/month × 12 months) in USDC.
- **Praetorian**: ~$21,000 ($1,750/month × 12 months) in ZKP, adjusted for ZKP market rates at the time of disbursement.
- **Contingency Fund**: A reserve (10% of the grant, ~$1,350 for nistelki or ~$2,100 for Praetorian) for unforeseen compliance-related costs, such as third-party verification service fees.
The grant will be disbursed to the DAO’s existing multisig wallet and managed per existing governance processes. For Praetorian, ZKP payments will be calculated based on the USD equivalent at the time of disbursement to account for market volatility.
## Section 2: Appointment of Compliance Officer
### Role and Responsibilities
As per the v1 Launch Process, the Compliance Officer will:
- Manage compliance integrations, including blacklisting Politically Exposed Persons (PEPs) or flagged individuals and maintaining allowlists for zone access.
- Perform validations for deposits and withdrawals to ensure regulatory compliance.
- Propose operational limits (e.g., deposit/withdrawal thresholds) for DAO approval.
- Coordinate with third-party compliance providers, such as PureFi, to integrate verification processes and engage in discussions with regulators to strengthen privacy in the regulated space.
### Candidate 1: Nomination of nistelki
Based on nistelki’s provided qualifications, they are well-suited for the role:
- **Compliance Experience**: Senior compliance officer roles at CTBC Private Banking, UBS AG, Bank of Singapore, and HSBC Global Markets.
- **Crypto/Blockchain Experience**:
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Compliance Systems and Controls Specialist at Binance.
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Compliance consulting for Digital Nomad Labs, Deep Blue (stablecoin), Panther Protocol, and Plutus (Crypto Card FinTech).
- **Commitment**: 5-10 hours/month, with a focus on privacy-preserving, risk-based compliance layers and collaboration with PureFi.
- **Rate**: $150/hour, payable in USD or USDC.
### Candidate 2: Nomination of Praetorian
Based on Praetorian’s provided qualifications, they are also a strong candidate for the role:
- **Compliance and Financial Experience**: Diploma in Accounting and Business/Management, with professional experience at one of the Big Four firms.
- **DAO Involvement**: Panther DAO Council member, providing direct insight into DAO operations, governance, and contributor coordination.
- **Crypto/Blockchain Experience**: Access to compliance expertise through close family working in crypto compliance, with a commitment to complete relevant AML and compliance training as needed.
- **Commitment**: Up to 20 hours/month, including outside regular hours, to ensure flexibility and availability.
- **Rate**: £70/hour (approximately $87.50/hour, based on £1 = $1.25), payable in ZKP.
The DAO will vote to select one candidate (nistelki or Praetorian) for the Compliance Officer role, with the option to nominate additional candidates if preferred.
## Section 3: Voting and Implementation
- **Voting**: This proposal will be voted on via Panther Protocol’s Snapshot.org space, requiring a 2% quorum of circulating $ZKP supply, as per PIP-21. The vote will include two options:
1. Appoint nistelki as Compliance Officer with a grant of $13,500 in USDC.
2. Appoint Praetorian as Compliance Officer with a grant of ~$21,000 in ZKP (USD equivalent, adjusted for market rates).
- **Implementation Steps**:
1. Hold a governance vote to approve the grant request and select the Compliance Officer (nistelki or Praetorian).
2. Submit the grant proposal to the Panther Foundation based on the selected candidate.
3. Disburse funds to the existing multisig wallet upon grant approval.
4. Initiate the selected Compliance Officer’s duties by August 31, 2025, or sooner as required by the DAO launch process.
- **Timeline**:
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Vote conclusion: Within 3 days of proposal submission.
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Grant submission: Within 14 days of vote approval.
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Fund disbursement and Compliance Officer onboarding: By August 31, 2025, or sooner as required by the DAO launch process.
## Conclusion
PIP-24 addresses the first step in the Panther v1 mainnet launch process by securing funding for the Compliance Officer’s compensation and nominating two qualified candidates, nistelki and Praetorian, for the role. By presenting both options, the DAO ensures a transparent and community-driven selection process. Utilizing existing governance mechanisms, the DAO ensures accountability and community trust. This proposal advances the DAO’s operational readiness for the v1 mainnet launch. The community is encouraged to vote on the preferred candidate and participate in shaping the DAO’s future.
## References
- Panther Protocol v1 Launch Process: Panther Protocol V1 Launch Process
- Compliance Officer Quote Discussion: Proposal: Request for Quotes for Compliance Officer for Panther DAO Management Zone - #6 by Gulum.Zkp
- PIP-22 Funding a DAO-Managed Zone: PIP-22: Funding a DAO-managed Zone - DRAFT - #10 by ToXiC_eHC
- Panther Improvement Proposal #9: https://docs.pantherprotocol.io/dao/governance/proposal-9-launch-advanced-staking-part1
- Panther Protocol Documentation: https://docs.pantherprotocol.io
- Panther Protocol Blog: https://blog.pantherprotocol.io