Gauntlet hesitantly supported this discretionary budget back in December, but we feel some of the language in the proposal is stronger than we’d use. We have more confidence in the UAC than this proposal seems to endow, as they appear to have diligently managed the funds. @AbdullahUmar has referenced a couple of deals that were overruled in the past few months, demonstrating that, to date, the UAC has set a standard against some of the less desirable or unfavorable deals the growth partner has provided.
Still, it’s worth questioning whether this reallocation of funds is appropriate as a long-term standard, or whether establishing a clearer process (and perhaps a different budget) should be applied for growth deals.
It’s also unclear that external chain growth is as much of a priority currently as it was previously. With Unichain live, it may be better re-allocated toward partner budgets, or attracting more protocols to Unichain and fostering a more attractive DeFi ecosystem to support long-term retention and activity.