Cycle 8
Alchemix
Voting recommendation: Yes
Rationale: The feedback to lower the amount requested and split into 2 separate proposals was taken and the proposal was resubmitted. Thank you to the Alchemix team for taking our feedback and resubmitting!
Arrakis
Voting recommendation: No
Rationale: The amount requested is high and we would like to see more traction outside of Maker vaults.
This sounds like it may violate the no sale rule. We would like to see this clarified.
These KPIs are vague. We would like to see targeted numbers and milestones for these areas listed.
Next Steps: We would like to see the amount requested lowered, clarification on whether or not it is intended to sell any tokens, and clear KPIs that include numbers and milestones to be achieved.
Symphony
Voting recommendation: No
Rationale: 35% is allocated to retroactive air drops which have proven to be ineffective as shown in the governance grant performance presentation. 30% is allocated for development and maintenance and it’s unclear if these tokens will be sold which would violate the no sale rule.
Next Steps: We would like to see the retroactive airdrop removed and clarify whether the intention is to sell the 30% allocated for development and maintenance.
Note: Linda and Bobby recused themselves due to conflicts of interest.
Velodrome
Our committee is abstaining from making a formal recommendation for this proposal. We encourage delegates to read the proposal and vote accordingly.