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Community Pool - Stake to fund — A new way to organize funding on Cosmos ecosystem

Proposal Ideas1 posts2,646 views1 likesLast activity Nov 2023
CR
CryptulienOP
Nov 2023 1

In view of recent events in the Cosmos ecosystem, and in particular the community reactions to proposal 836 on the Community Pool fund for an amount of 44,000 $ATOM, I hereby propose a new funding approach. ATOM PRICE FOR MATHS: 6-7$ Problems Community pools have often been controversial in the past. Many community members around me believe that some funding has been aberrant, others have been arranged with validators. Problem number 1: A priori project funding is given in $ATOM Even though I believe, and I hope the other builders do too, that the $ATOM token will regain strength against the dollar, there is still a significant amount in circulation with each proposal. Over the past 12 months, $ATOM 1,420,485 has been allocated to funding, rising to $ATOM 1,460,485 if proposal 836 is accepted. At the current $ATOM token price, this represents $9.403 million. That’s 0.0485% of $ATOM’s market capitalization, but more importantly, almost all the liquidity available for ATOM pools on Osmosis today… (see community-approved proposal numbers 814, 800, 717, 687, 202, 155, 104, 103, 101, 95, 94, 89, 79 and 77.) Problem number 2: $ATOM spent leaves the Community Pool…

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