GP7 Measures DRAFT - Liquidity Provision

I think this sets an awful precedence for how governance will work. Will the foundation continously deploy solutions without votes, just to ratify them with votes afterwards? We voted for 600,000 ALGO to NFTs yet we don’t vote for 42MM ALGO towards defi protocols? To me this just seems wild. If things like this should be discretionary for the foundation, why are we voting for this now?

As a builder it is really hard to know where I stand. If I build here will I get access to this money as well, or is it just Folks+pact+algorai+tinyman? Will I have to lobby people at the foundation, or will anyone asking with a semi-real product get liqudity added? This vote answers no questions and I really do fear that I’m not the only builder who gets put-off by this. We are not creating an envirment that looks tempting to build on from an outsider perspective.

10 Likes