Hello friend. Yes, I agree, you could have definitely approached this in a less confrontational matter, especially seeing as your post displays a clear lack of understanding for a handful of things. If you notice, the proposal contains a transparency clause at the bottom. Here you will find links to our budgeting and allocation sheet with all allocation data up until this time.
You mention the possible game-ability of one milestone: "if someone just simply makes a script to stake OHM with new addresses a few thousand times". This is a valid criticism that we considered while making this framework, however it would cost quite a bit to accomplish this in transaction fees alone, with no guarantee that the perpetrator would even see any of the increased budget, since budget is allocated fairly to DAO contributors based on value contributed. The DAO doesn't just hand out money to anyone.
Increasing the budget is about allowing the DAO to continue to expand and grow. We have already expanded past our initial budget, and we are still growing rapidly with numerous spots in the DAO still needing to be filled. It is necessary to increase the budget to incentivize and retain contributors and continue relevant progress. This is an ecosystem with so many moving parts and to maintain and grow a community of this caliber takes a serious effort.
@Stratoshi_Styles, you also mention that the APY was nuked twice in a month and that this budget proposal is "even worse than [that]". Firstly, the APY was not nuked twice in one month. Reward rate was reduced based on careful consideration for the economic health of the protocol. After much deliberation, a forum post went up which resulted in heaps of discussion (including an open Policy call held in the main community server) and culminated in a snaptshot vote.
Due to the laws of exponential growth, we must use reason to override our greed and reduce the reward rate at key times to remain sustainable. Olympus was built with these levers in place so we can work as a collaborative unselfish team for the greater good of the Olympus Ecosystem and all its participants.
DAOs are the future of work. We recognize this and we would like Olympus to be the best DAO to work for in DeFi. We want to have enough budget to support continuous, high-output contribution. Many people working in the DAO don't have other jobs, and work only for Olympus DAO exceeding 40 hours per week. There are no true commitments in DAO work; a DAO must remain competitive in the Job market. Contract jobs in tech pay more than salaried jobs because they have less guarantees and generally no benefits attached. Working for a DAO is a truly no strings attached relationship, a contributor can leave at any time. In order to retain top talent, the DAO needs to understand its place in the job Market and incentivize accordingly.
Again, the DAO is not a charity, and it only pays to actually contribute value, but to meet the demands of a growing community and the rapid pace of innovation in the DeFi space it takes continued growth in terms of: the human-input into our governance and policy levers; the funding of new projects; the expansion of marketing initiatives; the acquisition of new strategic partnerships; the ever growing need for more community engagement and education; the ongoing maintenance of the application; the building of new features that add to the value proposition within Olympus; and the administrative upkeep of keeping everything glued together and running smoothly at all times.
you all
