The Cardano Budget Process hosted by @IntersectMBO needs your input!
https://t.co/PiKpCIrrwL
All Ada Holders can leave comments and DReps can cast votes to determine which proposals will be submitted as Treasury Withdrawals. Here are just a few!
I’ve been to a few Rare Events now (even the first Bloom event), and last years Dev Gov Day.
This isn’t an internal event by any means. While there’s a lot of familiar faces, the biggest take away I’ve had from Rares growth over the years is how many outsiders to Cardano they are bringing in. I met and spoke with folks from Brave, Sui, Solana, Ethereum, people in banking, oil, other commodities around the globe.
The opportunity cost for other projects in Cardano to connect to and have access to these other groups outside of Cardano is huge.
So I disagree with the characterization here of what Rare represents or presents as opportunities. It’s not like the Summit - in fact I was less inclined to go to future Ken’s because it became much, much, less about Cardano and more of a multi-chain event. In that way, I can see where funding it becomes more difficult - but only in that way yet we have to take an honest look back at the issue of living in a bubble/silo and breaking out there. Rare is one of several vehicles that can do that for us.
@Hornan7@adamKDean@ThomasNordicADA maybe even delegating to the pool earns you membership rewards with Intersect too. You contribute to governance you should earn a basic membership after some seasoning time and contributions
@adamKDean@ThomasNordicADA LOVE THIS! You are the man. I was just thinking after hitting send it would need exactly that, payout release based on past activity or something
Here is an Idea. Lets get Rare pool fully saturated, and that would solve the Cardano Dev Gov day & Rare Evo sponsorship annually.
Maybe the Pentad steps in with a sponsorship this year and then fully saturates 1-2 pools to cover the sponsorship going forward?🤝🫡
@yeaookk Sorry, my memory was off there, a fully pledge-saturated pool keeping 100% of fees would generate about 2.27M ADA in rewards per year, at current prices about $500k. So maybe 1-2 devs + operating expenses per stake pool
In any family, team, or community, hard times come, projects end, people move on, belts get tightened. The bond between us runs deeper than any setback. Real strength lives in the love and unity we share. Thank you @TapTools@RareEvo@RareRandCorp@IOHK_Charles
we are Cardano
in a vacuum sure, but this is the real world and we are getting beat my chains that do subsidies and support new builders coming on board, and do marketing and events to reach them.
GG GL
Cardano has entered its post-subsidy phase.
It will be challenging; many will exit, but I believe it's the only way forward.
We can't continue subsidizing businesses with Treasury funds that lack a sustainable business model.
Relying on broad funding aka subsidizing every idea has failed; instead, we should focus on supporting builders who operate profitably or are clearly on the path to PMF.