Hydranet - DAO Proposal #30 - Funding DevelopmentFunding Development with 5 Million HDN from the Vault- Proposal ID: #30
- Proposer(s): Hydranet Multi-sig
- Submission Date: April 8th, 2024 - 9am UTC
Abstract- Summary: This proposal seeks to allocate 5 million HDN from the Hydranet DAO Vault to fund ongoing and future development.
- Motivation & Rationale: Given the evolving landscape of decentralized finance, it's critical for our continuous improvement. This allocation is essential for maintaining Hydranet's competitive edge, ensuring security, and improving user experience.
Proposal DetailsProposed Updates & Objectives:- Action Steps: Utilize the 5 million HDN to fund development projects such as the Web Dex development, security enhancements, UI upgrades, Lithium protocol development and integration, Core Dex upgrades.
- Timeline: Immediate commencement with milestones including Lithium test net launch, public release of the DAO forum, Core Dex API release, Web Dex order book rewrite, and testnet readiness.
- Overall Cost: 5 million HDN, with detailed allocation for developers and ancillary roles in marketing, management, and DAO financials.
Impact AnalysisAdvantages:- Accelerates key development projects.
- Invests directly in the ecosystem's growth and user experience enhancement.
- Reflects the community's dedication to the project's advancement.
Disadvantages:- Temporarily reduces treasury reserves.
Conclusion & Voting- Final Thoughts: The proposed 5 million HDN allocation from the treasury represents a strategic investment in Hydranet's future, designed to support significant development initiatives and secure the platform's long-term success.
- Voting Options: [Approval of the 5 million HDN allocation, Rejection of the proposal, Request for further information or proposal modifications.]
- Voting Period: Start: April 8th, 2024, at 09:00 am UTC. End: April 13, 2024, at 09:00 am UTC.
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