community, but then stakes the majority of the $HBAR themselves. This means that @HBAR_foundation primarily benefits from the staking rewards and essentially recycles the "grant" back to themselves.I wonder if the same thing is happening with the grants given to DEXs.
Is the HBAR community genuinely benefiting from these initiatives, or is HbarF funneling the money back to themselves and using these grants as a facade?
I’ve seen that tweet posted everywhere but I’m not sure where he is getting information from and everyone’s running with it. Is there something I’m not understanding?
Great question https://docs.google.com/spreadsheets/u/0/d/1fzqzMH4cwtKzaIDEdAS591CaywIKudYg-YTmSOQz_Mc/htmlview#gid=1058744452
If nothing else it helps boost manipulatable metrics like TVL so they can do the same "fake it until you make it" nonsense as Solana etc. Looks good on paper and most people won't look into it and will be none the wiser 🤷🏻♂️
It’s siphoning grant that should go to the community.
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