Darren
Active member
The DIF wishes to seek community feedback on the following a proposal.
This proposal would add funds to the reserves and operating fund of the DIF.
The DIF has been toiling away these past three months. We have been working on identifying our vision mission and goals. One reason to establish a vision, mission and goals is to limit the scope of our action. By identifying the things that are really important, we can focus our time binging forth our vision and avoid spending resources on efforts that do not advance our vision. It is with joy I report that the DIF has approved a vision:
The DIF will
We are now to focus on approving a mission statement that supports this vision.
One reason this process has been so slow is that we want to be very deliberate. We want to set the DIF up for success as an institution. A second reason this process has been slow is we spent a while bringing in ReadyRaider as a partner as well as exploring a partnership with Quadency and offering that opportunity to the network. I'm really excited to explore where this idea will lead us.
We are seeking community feedback as to how much to ask for. Note that we have identified many factors that should influence this decision. One such factor is current demand for treasury funding. There is one perspective that the DIF should not ask for so much as to compete with current funded proposals. It has also been suggested that the DIF should submit proposals so as to compete for funds. In this line of thinking, applying competition should provide pressure to raise the value of all proposals.
I view this question with a dynamic viewpoint. Currently in my view, the decline of the price in dash has resulted in only the strongest of projects getting funding. I find it hard to compete against these hardened projects, some of which underwent significant restructuring and cost cutting. However, in a scenario similar to the 2017 price spike, the existence of the DIF can provide extreme value for our DAO.
I am including a poll with this post asking about the November proposal cycle. Be aware that this only to provide us feedback as one factor we will consider in view of the whole health of our network. As a mathematician I may pay special attention to the median of this poll. We note this poll is subject to a Sybil attack and is from a biased sample.
Best,
Darren
This proposal would add funds to the reserves and operating fund of the DIF.
The DIF has been toiling away these past three months. We have been working on identifying our vision mission and goals. One reason to establish a vision, mission and goals is to limit the scope of our action. By identifying the things that are really important, we can focus our time binging forth our vision and avoid spending resources on efforts that do not advance our vision. It is with joy I report that the DIF has approved a vision:
The DIF will
- Facilitate the solicitation, negotiation, and due diligence of investments of potential interest to the Dash DAO
- Guide entrepreneurs seeking funding from the DIF by educating them on the process and best practices to improve the chances for a successful investment
- Manage reserves for the network in a manner that balances the needs to grow the reserves, and to limit risks
- Seed the liquidity and growth of emerging Dash financial markets or products
- Conduct all activities with a high degree of transparency - while providing a bridge to the needs of potential partners desiring to protect non-public information
We are now to focus on approving a mission statement that supports this vision.
One reason this process has been so slow is that we want to be very deliberate. We want to set the DIF up for success as an institution. A second reason this process has been slow is we spent a while bringing in ReadyRaider as a partner as well as exploring a partnership with Quadency and offering that opportunity to the network. I'm really excited to explore where this idea will lead us.
We are seeking community feedback as to how much to ask for. Note that we have identified many factors that should influence this decision. One such factor is current demand for treasury funding. There is one perspective that the DIF should not ask for so much as to compete with current funded proposals. It has also been suggested that the DIF should submit proposals so as to compete for funds. In this line of thinking, applying competition should provide pressure to raise the value of all proposals.
I view this question with a dynamic viewpoint. Currently in my view, the decline of the price in dash has resulted in only the strongest of projects getting funding. I find it hard to compete against these hardened projects, some of which underwent significant restructuring and cost cutting. However, in a scenario similar to the 2017 price spike, the existence of the DIF can provide extreme value for our DAO.
I am including a poll with this post asking about the November proposal cycle. Be aware that this only to provide us feedback as one factor we will consider in view of the whole health of our network. As a mathematician I may pay special attention to the median of this poll. We note this poll is subject to a Sybil attack and is from a biased sample.
Best,
Darren
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