ABOBO do you want to voice your opinion, or is

Question

ABOBO do you want to voice your opinion, or is

"👎" all you want to say?

As stated, I do value the opinions of those who disagree with me. I live to learn.

No one is always right, and everyone can learn more than they know at any given moment.

Therefore, I would enjoy hearing why you disagree with me, if you care to speak it.

#cryptocurrency #english #frax

0

11.01.2024

7 ответов

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Luke SkywalkeI2 Автор вопроса

Moonunit | POAP
I'll chime in and say that I agree that the financ...

Me too, I have full faith that Flywheel will continue to act in the best interest of the protocol. But that doesn't matter in this regard, imo. I just feel that money received as a grant from the protocol for operational cost should not have the ability to influence gauges or changes, regardless of how it does or doesn't get used. It just seems unethical to me that, hypothetically, grant money could be used to influence gauges or changes. Therefore, I believe it should be prevented from doing so.

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3 месяца назад

DeFi Dave

Luke SkywalkeI2
Me too, I have full faith that Flywheel will conti...

That’s fine, this is the first time this topic was mentioned but if more people support I have no problem from adding it to the proposal and abstaining from votes.

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3 месяца назад

Luke SkywalkeI2 Автор вопроса

DeFi Dave
That’s fine, this is the first time this topic was...

Yes I noticed that lol. It's the first time it crossed my mind honestly, and I'm a bit surprised I havent seen it mentioned. I won't die on the hill, but to me it does feel like a logical stipulation. It's not that I have a problem per say with flywheel voting. I just feel it would set a bad precedence if the protocol allowed it and again, in my opinion, the ability to effect governance and incentives with shares obtained as a grant just feels unethical. Maybe others feel differently, but thats my two cents. For a moment here I started to change my mind, since most of our partnerships and "angel" funding are paid at least in part in FXS and it serves as a sort of cooperative alignment between protocols... but the difference here is, in most of those cases we receive governance tokens in return that are obviously used to mold and shape the trajectory of a protocols development. Although obviously aligned with Frax, in stark contrast to the majority of the above cases, Flywheel has a large amount of freedom unbound by any type of formal governance. So, I have to stick with my original assessment.. maybe limiting gauge voting is a bit over reaching. But I do think snapshot voting should be barred.

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3 месяца назад

Samuel

Luke SkywalkeI2
Yes I noticed that lol. It's the first time it cr...

With the upcoming frxGov addition, what would you think of Flywheel being delegated a large share of voting power by voters? Would you still want us to abstain then?

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3 месяца назад

Luke SkywalkeI2 Автор вопроса

Samuel
With the upcoming frxGov addition, what would you ...

No. Delegated votes are completely different than votes given as funding grants.

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3 месяца назад

Jack

DeFi Dave
That’s fine, this is the first time this topic was...

Hi Dave, can you share last years cost for flywheel. How much was the team granted, where was the money spent (salary, events, expenses etc) please ?

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3 месяца назад

Moonunit | POAP · Accepted Answer

Moonunit | POAP

I'll chime in and say that I agree that the financial incentive needs to be addressed for gauge voting (using granted funds). There is already a financial tie to frax via the proposed 500k grant. Thanks for the conversation from everyone on this. I'll just say that I feel that Flywheel will continue to act in Frax Finance's best interests even with this stipulation.

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3 месяца назад

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