Couldn’t find a thread on the latest proposal so I’ve created one.
Disclaimer: We are leaning towards voting YES because incentivizing adoption and development is great for the ecosystem, however we owe it to our delegators to do our due diligence first.
Firstly, as Mintscan doesn’t show it, I have checked on chain and yes, the receiving address of Proposal 16 is the same as the one in Proposal 9.
Secondly, the amount requested is 150k AKT (just over 10% of the Community Pool) or just under US$200k at the time of writing.
As people may know already from Proposal 9, small submissions ($100-$1000) were funded internally by Akash, and the larger submission are the only ones handled by the account being funded in Proposal 16.
So what did the CAB fund from this account already?
Apart from a number of small transfers <500 AKT, and 2 large transfers which were returned ~6 hours later, the account in question made only 3 large transfers:
- 8th Dec 21 - 57,123 AKT (~US$98,800 at time of transfer) - Not relevant to the process but all of which are staked.
- 5th Jan 22 - 4,000 AKT (~US$10,800 at time of transfer) - Not relevant to the process but all of which are untouched in the account.
- 7th Jan 22 - 33,255 AKT (~US$86,500 at time of transfer) - Not relevant to the process but much of this has been sent to Osmosis and exchanged for UST (assumably as a hedge against volatility which was very high at the time). Special note that this account is highly active in deployments and leases on Akash.
So what were the projects that were approved?
Given the meeting minutes in this forum, I have found the following approvals. I haven’t been able to match these to the payments however as they don’t line up by time or amount.
CAB 24th Nov 21:
- Open Registry → $10,000
- Akashlytics → $100,000
- Akash Deploy → $10,000
- Apsu Auditing → $100,000
- AwesomeAkash+ → $10,000
CAB 12th Jan 22:
- Open Registry → $100,000
According to Proposal 16, the latest payment to Open Registry is still outstanding and pending this proposal passing. From this, one would extrapolate that the two large transfers are Akashlytics and Apsu Auditing and the $10k transfer is one of the 3 approved projects from the November meeting.
Could someone please clarify the payments and why they don’t align?
Suggestion: transfers from the CAB should include a memo with the name of the receiving project and a link to forum post showing reason for award.
I note that according to Proposal 16, Anthony Rosa will no longer be making application proposals and that his addition to the CAB was made after his grant was approved, however there are other members of the CAB who are applying for/have been approved grants and it would be nice to get a comment on how conflict of interests are being avoided there (I want in no way to diminish the value of their contributions to Akash).
Overall, I think the program is of massive benefit to the Akash ecosystem and not only the projects being developed but also the time invested by the CAB with little to no thanks or reimbursement.
So thank you all and in the absence of any new information being brought to light we intend to vote YES on this proposal.