First time seeing a budget for paying out contributors.
Honestly shocked by how smol it is.
(https://imgflip.com/i/5unmw7)
I share similar concerns to cryptok1ng, but my thought process goes the other way—it makes sense to start contemplating newexpansif budgets at different stages of growth. Though I recognize the difficulty inherent in predicting the future.
I would also echo Antonio's (from dYdX—see thread here https://twitter.com/AntonioMJuliano/status/1458844848560087070) comments about DAOs in the space being guilty of criminally underusing their treasuries. The top DAOs spend 1% of their treasuries annually—why??
Phase 1 is all about growth, and network effects are crucial to establish early (especially since Olympus is getting forked like Thanksgiving Dinner at Jon Goodman's house).
I think the core team+contributors should be granted substantially (10x) more leeway in expanding the budget.
Will this tank price? Ya, probably. But people who get the protocol will understand short term pain for long term gain.
But wot do I know, am an doge.
Much appreciate 4 all the hard work OHMies.
~bork