Hi folks,
Great to see a lot of engagement on this thread. Many stakeholders have suggested that a holistic ecosystem budget strategy be created before submitting a reduction proposal on the validator and other budgets.
While I personally believe that paying 110 x 25k = 2.75M a year to a service that is not contributing directly to the operations and revenue of the chain is bad ROI, and it doesn’t require a full analysis to cut these costs, I do agree that what we truly need now is a holistic plan.
As such, we’ve updated the Treasury and Governance Dashboard (link) to provide a snapshot of the current state of the strategy and will meet with stakeholders in Buenos Aires to come up with a budget and strategy recommendation.
In the meantime, I won’t try to push any Validator changes to vote, and would recommend others to also refrain from doing so.
We’re all in the same team - let’s fix this and make Celo thrive again!