how about the Foundation provide some numbers as to how much it costs to onboard a new user by providing the sponsorship for SailGP and Women Soccer and see how many “potential” users joined as a result? If total sponsorship was $2M and only 2k new tokenholders that is $1k to acquire each user which is unsustainable.
lost interest and confidence in the AF long ago, hopefully the transparency report will shed some light. I would vote against AF stripping Governors of rewards and forcing them to use DeFi. AF pretty much has unlimited budget in attracting adoption but all they have done is to focus on Institutions and VCs. Now that it has obviously failed and TVL is low, they want the community go give up their rewards to boost and secure more TVL??
if AFs role is only on technical development perhaps they need to cut cost on everything else, especially marketing which attract no major users but have spent hundreds of millions. poor executed tokenomics and adoption strategy will not last in the bear market.
how about those sponsorship with WEF, CBDC initiatives etc. that have gone nowhere in the last 3 years. when do they draw a line not to pay those Central Banks, Governments etc. in hosting these events unless they commit to using Algorand in some way?