You are viewing a single comment's thread from:

RE: Impressive Leo Ads Payout

in LeoFinance11 months ago

It died with vexPOLYCUB. Because income from the treasury that was supposed to be allocated to LP rewards got allocated to vexPOLYCUB. Anything regarding vexPOLYCUB was a one-man show. There was no DAO vote on whether it should be implemented or if it were to be implemented how it should.

We don't know what khal is doing with PolyCUB's "treasury", or how much is in it. We were all supposed to be able to see the treasury and its allocation. This was promised at the start of the project. A promise unkempt for 2 years now.

Sort:  

Clearly you don't keep up with the updates

It's all on-chain. It's a lot smaller than expected and a few big whales accumulated a lot of the POLYCUB early on, dumped a majority of it and then kept de-voting my proposals

At the end of the day, we launched it with a DAO and the DAO continually denied proposals to help the project. Eventually, I'm sure these whales will see that the proposals we keep pushing are there to help it along and will approve it. Until that day comes, there's simply not much that can be done

But regardless. Think how you want to think. I've been at this a long time and the people that matter know my integrity and know that I've never walked away from one of these projects. The LeoTeam gives their all in trying to make things work. Some experiments succeed while others fail. We keep trying

Where is the DAO treasury page khal? I am pretty sure that one has nothing to do with PIPs?

Have you published a report on DAO Treasury since forever? What have been done with the treasury?

Did you do a PIP for vexPOLYCUB, something that changes the governance structure utterly? I don't remember there being such.

Did you do a PIP for diverting what should have gone to LP rewards to vexPOLYCUB, a change that fundementally changed how POLYCUB worked?

At the end of the day, we launched it with a DAO and the DAO continually denied proposals to help the project. Eventually, I'm sure these whales will see that the proposals we keep pushing are there to help it along and will approve it. Until that day comes, there's simply not much that can be done

Only PIP that got denied is the last one you proposed (PIP3). No other PIP have been proposed since then?

You are blaming DAO for your blunders khal. You got carried on Curve's governance wars as you put it and implemented changes to POLYCUB's structure unilatirally.

Anyway I know that you would try to deflect these questions as much as possible.