The below response reflects the views of L2BEAT’s governance team, composed of @kaereste and @Sinkas, and it’s based on the combined research, fact-checking and ideation of the two.
We’ll be voting against the proposal in the temp check for the reasons outlined below, and also pointed out by other delegates in the comments above.
- We cannot rationalise an investment in a token for which the only information that exists is that it’ll be the governance token of Ekubo.
- There is no framework for making such investments as a DAO. There should be a more holistic approach when assessing such proposals, and there hasn’t been any discussions surrounding that topic as of yet - at least to our knowledge.
- We cannot justify an investment of 12M in a DEX with just 2.3M TVL , and, as other delegates pointed out, a somewhat inflated assumed FDV.
We hope that this proposal can serve as a starting point for a discussion and eventually a framework for future similar proposals.