mathieu2em

The single most important vote in Catalyst History: "Catalyst Fund Operations" Link: cardano.ideascale.com/c/idea… TLDR: IO is currently running Catalyst and taking money from the treasury without ever having gotten a mandate from the Community for it. Now they want to change this by putting it up for a vote. In my opinion, there are some very heavy problems with this: 1. No one really knows this is happening; its almost as if IO didn't want anyone to know so that no competition forms 2. Legitimizing Catalyst by voting IN Catalyst does not make any sense. 3. From my understanding, the only proposal that fulfils the scope of expectation from Catalyst is their own proposal. And the main reason for that is that it was not clearly communicated what exactly the expected scope is. 4. The handoff to the next provider of Catalyst is supposed to happen in October 2023, which is completely unrealistic. and most importantly: 5. The Catalyst team decided to specify that they want funding for the next 3 funding rounds INCLUDING approx. 50 Mio ADA per fund for the projects. This has not been specified in the Challenge Setting and is not an appropriate way to get 150 Million ADA from the treasury imo. So to recap: If you vote for ANY proposal except the one from IO, there's no plan for how much ADA will be distributed to this team to continue Fund11-13. And it's not clear if Catalyst will even continue at this point. But if you vote for the IO team, you're not only voting for this team to continue running Catalyst but instead you're also voting for Fund11-13 to exist and receive 50Mio ADA each. This is not something that has been specified in the Challenge setting but basically, something that the IO team "just put in". -- With Voltaire in mind, the typical process something like this should be handled is that Catalyst would need to apply directly to the Voltaire Governance system to receive their funding.