Threshold
Request for Funding in Stablecoins: Given the volatility of $DOT, it would be more prudent to request funding in stablecoins to ensure consistent budgeting and financial stability for the program.
Concerns with Actions & Deliverables: The "Actions & Deliverables" outlined in the Project Phoenix timeline lack sufficient depth and scope to justify the scale of this funding request. A more detailed breakdown of tangible outputs and milestones would be necessary to demonstrate the value being brought to the community.
Unproven Program: The requested monthly amount is disproportionately high for a program that has yet to establish its impact or prove its benefits to Polkadot. It may be more reasonable to start with a smaller pilot budget to demonstrate viability and build community trust before scaling up.
Dear @DonDiegoSanchez ,
Thank you for your proposal. Our vote on this proposal is NAY. Below is a summary of our members' comments:
Supporters praised the hard work and credibility of those involved, acknowledging their contributions to the program's reform. Critics raised concerns about the requested amount, suggesting it was either high or not properly evaluated, and called for a more structured assessment process. Some members recommended the request be made in stable coins and limited to the months directly related to the new initiatives. Several voters abstained, recognizing the effort but feeling unable to fairly assess the amount requested.
The full discussion can be found in our internal voting.
Kind regards,
Permanence DAO
Generally we're voting Nay against any funding requested in retrospect. If you believe you should be paid for something, then you should ask for the funds BEFORE you do any job. However, this is not what mainly bothers me here (since you really did a good job), but the fact that you're asking it "surprisingly" in DOT tokens because it had a nice rally recently
It's very obvious that if DOT price was $3 now, your proposal would be nominated in USDC (which I'm sure you know you can claim now exactly like DOT), or if DOT will go down to $3 in the following weeks, you'll obviously come later and ask to top up since the price crashed and your 9910 DOT worth much less the moment you received it
IMHO, unless I'm missing something here, this is very dishonest behaviour. If you think you should get $5k per month each ($25k for 5 months), why not ask for $50k for both of you in USDC? if you insist to get it in DOT - why not asking it based on the current DOT price?
Anyhow I wish you good luck!