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Revoke grant "Decentraland X Powered by Decentraland"

PassedPoll

Proposal Details

Author0x521b…8692
PublishedMay 30, 2023 16:46
Voting beginsMay 30, 2023 16:46
Voting endsJun 04, 2023 16:46
Snapshot#6166cae

Description

This poll is to revoke the grant "Decentraland X Powered by Decentraland". The grant is trying to deploy a "Decentraland Native DEX" which is just an outdated version of Uniswap. Alex is venting the benefits of it and that it would bring a lot of money to the DAO. But when asked how he plans to achieve that, and when presented with the math about it, he avoids the question and answers with empty promises and no concrete plan. Sending a part of the fee to the DAO would require either of those two options: - Increasing the total fees for each trades, making it less attractive for traders - Increasing the percentage that goes to the DAO rather than liquidity provider, making it less attractive for liquidity providers to add liquidity compared to Uniswap Neither traders or liquidity providers would have any incentive to use this DEX and the tools he promises could be done on top of Uniswap instead of a Decentraland DEX. The DAO should focus into adding liquidity to existing pools rather than creating new ones.

7 Comments

daoJun 04, 2023

Revoke grant "Decentraland X Powered by Decentraland" This proposal has been PASSED by a DAO Committee Member (0xbef99f5f55cf7cdb3a70998c57061b7e1386a9b0)

daoJun 04, 2023

Revoke grant "Decentraland X Powered by Decentraland" This proposal is now in status: FINISHED. Voting Results: * Revoke 86% 3,331,554 VP (56 votes) * Do not revoke 13% 540,114 VP (16 votes) * Invalid question/options 1% 2,500 VP (4 votes)

InJesterrJun 04, 2023

After a chat with Alex I think he answered my questions about his proposal and made fair points within our conversation, I don’t think revoking it is necessary as he is just trying to make the project in the best way he can. Not everything always has to be perfect changing my vote to not revoke it. I think its wise to have a conversation with Alex if you personally have questions aswell he is a very open guy and so is his team!

CanessaMay 31, 2023

Link to original Proposal: https://governance.decentraland.org/proposal/?id=75683320-f297-11ed-9bc2-e5fe350d0c93 Voting to revoke because there should be no avoidance of any questions around this topic. We need full transparency.

CheddarQuesoMay 31, 2023

wait.... that grant passed?.. crazy..

InJesterrMay 30, 2023

He deliberatly chosing to go around crucial questions ends up answering delulu questions nobody asked for. **Voting Yes!**

VaporizadorMay 30, 2023

I saw the entire HPrivakos and Alex interaction in the discord, no reason to avoid and ignore questions. Voted yes.