FORTH Allocation for Liquidity Provisioning

To clarify, and please correct me if I’m mistaken, this proposal appears to introduce the Ampleforth Foundation as an intermediary in the deal previously proposed by Wintermute here, while keeping other key aspects such as length, strike price, and amount, essentially unchanged.

Being lazy on Sundays I’ll just refer back to my initial response to the original proposal, see here.

While I understand the sensitive nature of the information underlying this proposal, and I want to be clear that I maintain trust in the genesis team’s intentions for the DAO’s welfare, I believe it’s crucial to highlight that the details currently provided do not equip the broader community with sufficient context to make a well-informed decision. It’s worth noting that similar concerns were raised regarding the transparency of motives in the recent Proposal to reduce the DAOs FORTH holdings.

Note that while previous proposals saw significant analysis and engagement from the community, see eg the AIP-5 discussion or recent SPOT ratio update discussion, such engagement seems less feasible, or perhaps even less encouraged, with the current proposal.

C’est la via regarding financial deals I guess. However, I must emphasize the importance of the genesis team’s role in not just guiding but also educating and equipping the community to independently and effectively weigh in on these matters in the future.

With all that said, my support for this proposal rests on my trust in the genesis team’s intentions.

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