I listened to the AMA yesterday, and while there are concerns that were not spoken to. I think the question we have to ask ourselves is how much control do we want with what comes next?
We are a top 50 token, that's a huge accomplishment, it also means that CEX listing is going to happen and soon.
The DAO gets a much better result if we are in the drivers seat showing the CEXs we are serious and telling them the best way to get OHM to the masses. If we wait for them to figure it out and they are going to come up with their own plan for how this will work and its not going to be as favorable to us. To work with CEXs we need a market maker partner.
GSR has gone out of their way to engage with the DAO, in an industry that the standard is secrecy they have stated many if not all of their motives and intentions.
We need to partner with an MM who is interested in engaging with the community and willing to insert terms into the contract which we are concerned about. The next best option is rolling the dice and hoping one of the 7-8 MMs we have already engaged will come around before an actor we have no control over does this without us.
I understand that giving them an interest free $16-20mm is a lot of money, but its such an asymmetric bet. We risk not getting interest or whatever on$ 20mm of OHM with the upside of a $13B+ market cap in just 6 months? I would take that bet all day.
GSR's and our interests are largely aligned, the next actor could be anything. So I am bullish on this as long as the core team which has been researching this from the beginning is comfortable with the terms of the contract.
Speaking of which, I want to say a big thank you to the team for all your work here, @Wartull I know you have been leading the charge and I am glad you are on it.