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