Voting Update
https://www.tally.xyz/gov/uniswap/proposal/63
DeFi Education Fund
Voted “For”
As one of the “YES” voters for the original proposal in 2021, we applaud seeing DEF fight alongside crypto projects like Beba LLC and James Harper. We want to see more of DEF assisting in such legal battles helping smaller organizations opposing oppressive legislation and setting new precedents for better crypto regulations. We were considering voting “No” because the majority of the delegate votes supporting 300k UNI incentives. However, given the stipulations of the original proposal and since a lot of the votes for 300k in the temp check are now voting in favor of the 1 million on the onchain vote, we decide to vote “YES” for the 500k UNI + 500k UNI streaming.
Been reading through the reports and financials - $250k / mo burn rate, and a budget proposal of $200k / mo for the next 12 months. That’s 1m UNI an additional $11.3m, an additional 4.3 year runway, and we should be very diligent to make sure the funds are going to good use and be ready to stop the stream if needed.
Some thoughts-
- DEF should prove it can fundraise equal or near equal amounts from other sources. The Arbitrum proposal is for DEF receiving up to 1.5m ARB ($1.2m)
- DEF has provided a monthly budget breakdown but we also want to see a list of specific battles DEF is tackling for the next year besides the oracle patent and the de facto DeFi ban.
- We also want to see an easier way to sort through DEF’s accomplishments. Reading through the DEF financials page, we have to click through month-by-month. The Arbitrum proposal does a good job of summarizing some of DEF’s largest accomplishments.
- If broader education is a goal, we would also like to see growth plans there (# of newsletter subscribers, social media growth plan, etc).
We signed up for the newsletter, but not clear when future DEF community calls are or where the previous ones are archived.