Prop 72 Disposition

Nearly a year ago Prop 72 was proposed and ratified as a business development effort for the adoption of Interchain Security (ICS) to create an incentive aligned economy around the Cosmos Hub. Prop 72 has been successful in its mission, having partnered with P2P to launch Neutron, a DeFi Hub and permission-less CosmWasm execution layer launched on the Cosmos Hub as a consumer chain. Prop 72 Recipients: • P2P / Neutron - Received 25,000 ATOM; Neutron is live on ICS (!)… The second tranche (25,000 ATOM) to be sent within the coming days. In addition to revenue from the security agreement with the Hub (25% of transaction fees and 25% of MEV revenue) an initial allocation of Neutron tokens will be allocated to the Hub as part of their airdrop. This is expected to be 40-47 million Neutron tokens. On the conservative end, and at the current price of Neutron (~$0.30) this equates to $12M, an expected initial return of 28x the original Prop 72 allocation. More here and here . • Fairblock - Received 16,250 ATOM to support research and development for potential launch with ICS/Replicated Security. The Fairblock team is still exploring the possibilities of ICS/RS, however, there…

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Please address the concerns discussed here - Proposal 72 funding gone wrong - A governance scheme with holes