The hole proposal is non sense.
The best way to allocate community pool is providing liquidity for Cosmos Hub aligned projects. Full stop.
Atom Wars where projects should acquire ATOMs & vote to get that liquidity or in some other way.
IST liquidity or even its existence wont make any difference in the market which is predominated by USDC or USDT. Dont try to fool yourselves. Just answer yourself will you prefer IST or USDC when you sell an asset ? If the answer is USDC well there is no need to overthink trying to reinvent another stablecoin which will be used by dew users. Why do you even try to create liquidity for unused stable in expense of 10% of community pool??
The whole goal of broader Cosmos eco should be how to make ATOM a backbone, a universal account unit for entire Cosmos, create a token to rally around. The whole cosmos ecosystem , all projects would benefit from that. Thats all about $ATOM. Hence attracting projects to AEZ and use Community pool to provide liquidity to projects who wants it and have acquired an atom stake.
Governance Proposal 899 allocating an initial 4% of the Cosmos Community Pool’s ATOM to be used to generate value for the Hub passed on 16 April 2024 with 60.1% turnout and 61.5% yes votes.
The DCF / Agoric Community Spend Proposal is now live for voting:
Aaah I was just coming to ask if this was a legit proposal as it showed up as a blank proposal on Keplr and was not sure if they did that because it’s not.
I am surprised to see someone as informed and educated as you make these claims. Before we further proceed with the discussion that I would love to can you please tell me how much liquidity in stAtom pool is of Communitypool(s)?
