xGov Governance Discussions

June 2024 Updates

User: leakz
That’s part of it. xGovs will be able to vote yes or no.

User: loafpickle
Congrats on passing!

Retroactive Funding Discussion

User: leakz
Retroactive funding is supposed to go to projects that have contributed to the Algo community significantly and irrefutably. To teams with impeccable integrity and reputation. To products that are widely implemented and used. Awallet and its team does not meet these criteria, and hence should abstain…

User: HMP
Totally agree. Nothing from Ludo helps Algorand. He has used xGov as a way to sit home and milk rewards. Market your products get users and this could be a different conversation.

Issuing Proposals
User: leakz
Agreed 100% When the foundation is the only source of funding, a proper system that does not involve yield farmers deciding your fate is ideal. The solution you’ve proposed addresses this issue effectively.

User: fisherman.algo
I can only support the idea of retroactive funding (RPGF), it’s probably the most sustainable way for our ecosystem!

Enhancements to Proposal Mechanisms

User: leakz
How do we reject it? It seems like all we can do is argue on this post and ‘someone’ will make the ultimate call as to what happens.

User: loaedn
No one, we’re simply putting forward a proposal to the community on how the platform should evolve.

User: leakz
This would require me knowing every project which has received a grant. An example would be D13, which has created a massive impact in the ecosystem and hasn’t received a grant.

Community Engagement and Feedback

User: leakz
Thanks, everyone, I appreciate all your comments. We are hosting a Twitter space next Monday or Tuesday to go through the new design.

User: adri
Ideas to improve the existing funding applications template?

Recent Feedback on Proposals

User: leakz
No funds should go to someone on the reserve list. We need to think of long-term sustainability of this program.

User: richflairstv
Just because there are proposals, does not mean they need to get money.

User: leakz
Zero percent should go to the reserve list. It should not exist.