Proposal to Cancel Notional Funding by the Community Pool
Notional has been funded 40,000 ATOM per year for 3 years, totaling an amount of 120,000 ATOM.
Notional has published the following report for their work on the Cosmos Hub and AEZ:
https://notion.notional.ventures/notional-ventures-index/cosmos-hub-reporting/all-monthly-reports/monthly-report/notional-cosmos-hub-report-july-2023
https://notion.notional.ventures/notional-ventures-index/cosmos-hub-reporting/all-monthly-reports/monthly-report/notional-cosmos-hub-report-june-2023
https://notion.notional.ventures/notional-ventures-index/cosmos-hub-reporting/all-monthly-reports/monthly-report/cosmos-hub-report-may-2023
https://notion.notional.ventures/notional-ventures-index/cosmos-hub-reporting/all-monthly-reports/monthly-report/cosmos-hub-report-may-2023
https://notion.notional.ventures/notional-ventures-index/cosmos-hub-reporting/all-monthly-reports/monthly-report/cosmos-hub-report-april-2023
Technological contributions
In proposal 104, Notional stated the following:
We also continuously work to improve and develop the systems we work with, including Tendermint/Comet, Cosmos-SDK, IBC, and the Cosmos Hub.
Looking at the technological complexity of the contributions from Notional, it appears that the costs (40,000 ATOM per year) does not reflect the value added.
The contributions outlined in their reports are simple tasks that could be done at a much lower rate.
Community behavior
The behavior of Notional has often been good of intention, but never well brought.
Recently, on Twitter / X, Notional started personal attacks against other Cosmonauts.
This behavior should not be tolerated by the Cosmos Hub, as it tarnishes its image.
Proposal
This proposal proposes to cancel Notional funding from the 31-12-2023 and that the remaining 80,000 ATOM be returned to the community pool.
Governance votes
The following items summarize the voting options and what it means for this proposal:
YES
You agree that the funding of Notional by the community pool should be cancelled.
NO
You disagree that the funding of Notional by the community pool should be cancelled.
NO WITH VETO
A âNoWithVetoâ vote indicates a proposal either (1) is deemed to be spam, i.e., irrelevant to Cosmos Hub, (2) disproportionately infringes on minority interests, or (3) violates or encourages violation of the rules of engagement as currently set out by Cosmos Hub governance. If the number of âNoWithVetoâ votes is greater than a third of total votes, the proposal is rejected and the deposits are burned.
ABSTAIN
You wish to contribute to the quorum, but you formally decline to vote either for or against the proposal.
As suggested by a Cosmonaut below, letâs give a month for Notional to contribute to this discussion and improve its contributions or behavior.
This proposal will be submitted to the Cosmos Hub 14 30 days after this message.
I am happy to implement any comments or suggestions into this proposal.