Hey all,
Disclaimer: I write this reply in my personal capacity in light of my personal views, and not in the name of or as a representative of the dYdX Operations team, or any client represented by Axis Advisory.
I see a lot of people proposing designs, frameworks etc.
Let’s pause a bit here. Before working on any other incentive or grant program, we are of the opinion that a post-mortem needs to be carried out on AADAO to understand the pitfalls, pain points, areas of optimisation and where Cosmos can do better.
One cannot suggest a fix without first evaluating where the issues have arisen.
Additionally, and based on our experience, sunsetting a program with a legal wrapper (as is the AADAO Trust), is not done this way, at all. Jumping ship and terminating through a forum isn’t a legally enforceable mode of termination for DAO-established trusts (based on our experience, and assuming that the structuring of the Trust was done correctly by the initial proposers and involved parties).
Let’s not attempt to fix issues w/haphazard approaches. Sweeping everything under the rug isn’t the way here. I highly recommend conducting a post-mortem assessment of the (potential) several pitfalls so that, at the bare minimum, future grant-initiative proposers can have an idea of what was done right, what was done incorrectly, and optimise future frameworks.
Kind regards,
Joseph
Axis Advisory