PTIP-52: Additional 30 Days of Prize Subsidies

I find the current voting results quite interesting. I thought there was a decent consensus that we were burning through treasury money too fast and that the current $1M sponsorship APR did not achieve the aspired growth. And yet up to this point all twelve votes have simply voted yes indicating continuation without a single comment.

If we keep burning money at this rate, we’ll have depleted our reserves in less than a year. I would argue that it may be better to first discuss prize distributions and taper off the current APR to a more sustainable one closer to the underlying yield source since we cannot keep it up for a significant amount of time anymore.

3 Likes