We would like to express our gratitude to the Validators and Community Members who have supported our proposal. Your support has not gone unnoticed and we thank you for your contributions and participation in the pre-voting phases of the Proposal Lifecycle.
Despite our efforts to rally support for initiatives aimed at empowering and begin giving ownership of the network to the community, we have severely miscalculated the support of the validators. As disappointing as this outcome was, we still strongly believe in the potential for such initiatives to benefit the entire community. We will continue to strive towards our goal of community empowerment and ownership, and will not give up.
Key failure points:
We made a dangerous assumption that the approval of Proposal 83 was a “pre-approval” for the upcoming Governance Council Funding Proposal.
Although we have made numerous attempts to engage with the validator community, we severely miscalculated the support of the proposal.
Although out of our control, the recent downturn in price and the resulting inflated funding request did not sit well with many (the Governance workstream included - we hesitated to push this proposal during the worst price action in our short history).
Huge information disconnect between Community members and the actual content of the proposal: tons of misinformation going around. We failed to connect with the community in messaging, plain and simple.
This six-month journey has been tiring for all - and we’d be lying if the thought of leaving public service for “for-profit” projects haven’t come across our minds. But where does that leave Evmos DAO and all its initiatives for the Community? We’re not ready to give up, despite the attacks and FUD coming in from all sides. As the chief architect of these initiatives, please direct all criticism and attacks towards me. Benny Lava and GV do not deserve to be dragged through the mud, as they have served the community with the upmost care and honor the past half-year.
We are in the process of collecting all feedback received from both the Validator and the Delegator Community. A revised proposal will be re-submitted when ready. This time, we hope that Validators will submit their input before the proposal goes on-chain. It’s the least we can do for the Evmos Community.
I take full responsibility for its failure. I will continue to reflect on what went wrong and will strive to do better in the future.
Signed,
LPX