How will it keep going if:
…so basically if hydro labs isn’t going to earn money or raise money, why would hydro labs be a corporation?
…and of the dao members, how many work at informal?
the revenue model will be fees on the deployments, as per the proposal
yes I’m still employed by informal, and the other dao members as well
the plan is to switch over contracts once the new entity is set up
You figure that the generated fees will be sufficient?
Seemed to me there was funding for well under a year.
this prop funded us for 6 months. fees are a function of how successful we are at getting new bids but also of the general state of the market, and in particular atom’s price
so we’ll build new features that improve hydro (automated deployments, delta-neutral LP-ing, multi-token atomic bids etc.) and pray that the ICL makes atom moon in the meantime
Huh, the original governance proposal wasn’t described as faith based.
But now it’s faith based, and requiring prayer.
I hope it can generate those $667,500 back asap, until then Hydro is at a loss
One thing it won’t generate anything for is $atom
Other assets will get $atom liquidity.
Recommend that as part of the ongoing evaluation that anyone sensible be doing, we track hydro projects
Bet it’s so bad that @btruax tried to close this post.
well, challenge accepted. with time, I’m quite confident the tributes hydro gives back to atom stakers will largely exceed what the community pool gave it
