Does this mean that the grant is expected to cover the full cost of operation for Tally over the next 2 years?
This does not sound like a service provider where the DAO is a client (one of many).
If the grant is truly expected to cover the full operational costs:
- what is the “sustainable” future of Tally?
- do they have additional clients? if yes, are they also expected to cover the full operational cost?
- 2 years commitment is a very long time considering crypto market. why wont the grant be quarterly or for 6 months?
- $500,000 in tokens can be worth a whole lot more in the future. is there any recovery process for such case?
tbh, there is always place for another great service provider but it sounds as if this is not a service provider but a team hire (to the point that the grant should be considered as fundraising against equity for example).