A new remuneration report for the Guild protocol (PG) shows that most basic developers Ethereum work for less than half of what they could earn elsewhere.
The survey, which collected the responses of 111 from the 190 members of the group in 11 organizations, painted the clearest image to date on the way in which the manufacturers of the central infrastructure of Ethereum remain.
According to the results, the typical contributor of Ethereum Core earns an average of $ 157,939, or about 60% below the average market remuneration of $ 359,074 offered by competing companies.
In particular, these developers are also provided with little or no incentives to equity or tokens, while the median competing company offers around 7% of grants in shares.
The report continued that almost 40% of respondents received finals of other companies from other companies in the past year, stressing how competitive the talent has become.
However, many of these main contributors continue to refuse more paid roles to stay focused on keeping the Ethereum network.
Speaking of these figures, the developer of Ethereum, Phil Ngo, described the basic contributors as “altruistic people” working under financial tension because they believe in the construction of a financial system not directed by traditional guards.
According to him:
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“Most I know renounce money because they believe in something. This something is not a world not governed by the TRADFI status quo, that no one alone, nor a group of cartonealized people can change the system. ”
Risk of Ethereum
However, the report warned that this sub-payment has long-term risks for the blockchain network.
According to the report, the technical roadmap of Ethereum depends on the conservation of high -level talents, but the lack of competitive remuneration threatens both retention and execution.
Several industry experts have shared this point of view, stressing that Ethereum is the second largest blockchain network and plays an important role in the evolution of the financial industry.
Given this important role, they noted that the developers should be well remunerated to avoid endangering the “credible neutrality” of Ethereum.
The NGO said:
“I am unreservedly that it is unacceptable to pay half the market rate of an equivalent engineer to literally keep a network of $ 400 billion alive and decentralized.”
Legal expert Gabriel Shapiro has accepted, arguing that developers should share in the rise in the network they secure.
Consequently, he suggested paying contributors in part in the locked Eth, while stressing that:
“Based on the next Eigenwayyer to donate token to Protocol Guild is not a strategy.”
(Tagstotranslate) Ethereum
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