I would argue that there should be perhaps some mechanism like this, that very large governance proposals (in dollar terms) should be structured in 6-monthly tranches, such that continuance of the tranches is dependent on the public acceptance and visibility that everything they set out to do is on track.
I strongly agree with this. In fact, I was discussing with someone else earlier today on this forum that short-runway, retroactive funding could be a practical solution to many of the governance issues we’re facing.
being able to change our minds based on performance to date, and effectively cancel previously agreed / voted on allowances is not a current part of the governance system.
I don’t believe Celo governance is (or should be) rigid that this isn’t possible. The broader crypto ecosystem has set precedents where funding has been paused, adjusted, or revoked due to underperformance or lack of transparency. There’s no reason Celo can’t evolve to adopt similar accountability mechanisms.
I don’t think it’s fair to Stabila who quite reasonably may have incurred costs, made hires, business deals and plans off the basis of their first and second approvals.
In the worst case scenario a failed proposal typically returns to the discussion stage, giving the proposer a second chance to revise and clarify their plans. In this case it has already passed so it doesn’t matter.
I’m all for more transparency and reporting, you can see in my forum comments I was extremely concerned
Yes, and I genuinely appreciate that. You’re one of the few voices consistently pushing for higher transparency, and that’s incredibly important for the ecosystem.
In other ecosystems like Optimism and ENS, the bar for transparency is much higher. There are clear financial reports linking to multisig transactions, auditable KPI reports and even dedicated forum tags for highlighting fund misuse or calling for on-the-spot accountability. We need to adapt operational norms as they help produce consistently strong performance.
I’ll reach out to you in private to further continue this conversation.