Thank you for the elaborate reply, but No let’s get to basics, being an active individual for the last 3 years and an investor since the start.
1- Can someone just explain why we need to create another Foundation Delegation-style program parallel to ICF’s when that program already exists and has its own issues? We need the sustainable income for CP. Adjust the Tax rate. That’s a vote away.
This new plan would redirect 750,000 ATOM per year—taken straight out of stakers’ rewards, into the hands of a small group managing the Delgations. Why should anyone trust a few individuals with that level of unchecked influence?
If the goal is to grow the Community Pool (CP), then just adjust the CP tax rate. That’s a trustless, on-chain mechanism that doesn’t require opaque delegation committees or off-chain decision-making.
Also, let’s talk numbers.
There are 9.2 million ATOM in the treasury right now.
Can anyone tell us how much has been spent each year from the CP in the last 3 years?
Because if the idea is that 9.2 million ATOM isn’t enough, what are we even planning to spend that makes us this worried? If you’re preparing to dump $50 million worth of ATOM in the market over the next few years, have you considered whether ATOM’s price can even sustain that level of outflow?
This is starting to look like another round of feel-good coordination proposals that quietly benefit a few insiders while claiming to be for the “ecosystem.” If we’re going to bleed the staking APR to fund this, there better be a rock-solid case—and we haven’t seen one.