Thanks @metaberk - you'll have some tough questions from the community ser!
For those wanting to explore what PrimeDAO is more - this is their website https://www.prime.xyz/ and this is the discord https://discord.com/invite/mG2WM73rYq
Current proposal is only for a $250K in OHM swap for 500K PimeDAO tokens (0.05%$ 50million FDV) - same terms as Balancer and Gitcoin - with the intention of exploring more ways to collab in future.
Three considerations I would have regard to, when deliberating about whether we should do a swap, are:
- Do we benefit strategically from aligning with this protocol - imo yes given their reputation and how useful what they are building will be to our vision
- Are we going to benefit the treasury financially - imo yes given the previous raise, what they are about to launch with and who their other DAO partners are (Gitcoin Balancer for e.g.). It is therefore likely that our share will be worth more than $250K in the short, medium and long term
- Is there a reputational risk from partnering with them - imo this is low given the team's and other partners' current reputation
Unfortunately as a protocol we didn't have things like the incubator previously - which would have allowed us to enter into agreement earlier in development - rather than right before launch.
It's important to note that this is a swap only - the OHM that would be provided would be held by PrimeDAO and not spent to cover operational expenses.