Hi Naught, thank you for your thoughtful comments, it’s appreciated. I remember you left some thoughtful comments and questions and on our initial proposal last year as well.
- Re: fee switch, I don’t disagree with you. Given that some delegates strongly support turning on the fee switch, while others have raised questions around compliance/tax concerns related to it, we spent a number of months in Q4 2022/ Q1 2023 working with advisors and our own legal counsel to understand what path forward we could recommend which could speak to both parties. We posted our follow ups here and here. Value creation, capture, and distribution to stakeholders will be a top priority for us going into 2024.
- TL;DR - Thank you for the feedback, we’ll take this into account as we continue to plan! We are planning to start the event small with a 150 attendees target. If its over-subscribed we’ll plan to grow in 2025.
- Tacklebox - Thanks for the feedback here as well — We’ve already learned so much from this one event and excited to improve for the next iteration at Devconnect in November!
- Agora - We have done our best to keep our Twitter and Mirror blog updated with progress across initiatives like the Delegate Race, however we recognize this is an area we can improve on in the future. We have already increased our resource allocation to communications and marketing efforts for internal initiatives and grantees, which you can see in our recent campaign about Uniswap University.
- a16z announced their delegations as part of the Delegate Race here. The remainder of our contributors requested for their delegations to remain anonymous, however we are working with Agora team right now to provide some updated data on delegation to delegates on the Agora platform and will post them here when that’s been completed (ETA tomorrow or Monday).
- We agree on stale delegations, it’s something we’re aware of but have struggled to address completely given many delegators are anonymous. We have reached out to delegators we suspect have some stale delegation over the past several months, however that has not solved this issue. We welcome advice from the community on how else we might address this.
- Stakeholders - This is a great question! This is one diagram we’ve used to show all the stakeholder groups within the ecosystem. Here you can see that Developers are a broad stakeholder group for instance, which can be broken into more specific stakeholder groups.
- Value
- Re funding - last year the UF requested and was approved to receive $74M, broken into two tranches. We received a first, smaller tranche last year and have returned to request the larger tranche this year. Our first priority in our treasury diversification is capital preservation, so we dollar cost average into primarily dollars and stablecoins to fund our runway and mitigate price risk.