The Govmos Initiative is comprised of individuals who contribute independently and hold unique viewpoints on governance reforms. Phil_RX may be affiliated with our initiative and is a potential future committee member. However, Govmos’ collective stance does not necessarily align with Phil’s individual perspective.
Regarding Hydro, we’ve consistently advocated for a financial risk committee to oversee intricate Protocol owned Liquidity (PoL) allocations. This commitment predates Hydro’s inception and was proposed before one of our members was suggested for a seat. To substantiate our independence, we encourage revisiting our earlier posts on the subject:
- Source n°1: report on governance councils and treasuries
- Source n°2: atom endgame, moneyness-security-liquidity
- Source n°3: long-term strategy for the Cosmos Hub
- Source n°4: atom wars, a new strategy for liquidity injections
We actually believe that the reason why Phil was demanded to seat is a consequence of our long term contributions in the domain not the opposite. Nevertheless, we value community input and are open to abstaining PRO Delegators’ from votes if our association raises conflict of interest concerns.
To conclude about Know Your Customer (KYC) , we would argue that the proposed committee participants are well-established, long-term contributors to the Cosmos Hub and active community members. Their individual reputations are inherently tied to the success of the Hub. Should the community mandate verification for participants beyond their long lasting reputation, we would fully support this measure.