So what does the foundation do with all their money?

Question

Bancor Protocol

MB

So what does the foundation do with all their money?

If this isn't the scenario for them to be involved, then what is?

#bancor #blockchain #cryptocurrency #english

0

06.07.2022

5 ответов

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Christ

And if the DAO votes for the foundation to give "grants" to everyone still "contributing" to the LP will they entertain that?

0

06.07.2022

Nate Hindman 🗿

Christ
And if the DAO votes for the foundation to give "g...

The DAO and foundation are separate entities, neither has control over the other. The DAO could vote to mint BNT and/or divert protocol fees to affected LPs, but it doesn’t have control over foundation grants.

0

06.07.2022

Tom

Nate Hindman 🗿
The DAO and foundation are separate entities, neit...

But wouldn't the Foundation being wanting to do everything to ensure the Protocol's survival? What would be the point of it existing if the Protocol suffered collapse?

0

06.07.2022

Conor Johnston

Nate Hindman 🗿
The DAO and foundation are separate entities, neit...

Who does have control over the foundation? DeFi = transparency.. the bancor foundation couldn’t be any more obfuscated and ambiguous about their effort/role in helping the thousands of dedicated retail investors (I’m looking at ~$35,000 loss, fucking devastating) who just got the rules of the game changed on them

0

08.07.2022

1 ₿ Ξ 🌪 Nemo · Accepted Answer

1 ₿ Ξ 🌪 Nemo

Payroll, development, keeping the platform going. They are already involved.

0

06.07.2022

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So what does the foundation do with all their money?

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