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"govActionId": "gov_action1xk6yrz0tg72a2a63ytd99gapz46nlqlavckarleqt6nr8lyekd8qqp0ga3d",
"summary": "I really like this proposal and appreciate the way it bridges Web2 users into the Cardano ecosystem. However, the risk and the overall ask of nearly 5 million ADA are just a bit too high for me to vote yes.",
"rationaleStatement": "A [PDF version][pdf-link] of this rationale is also made available.\n\n[pdf-link]: https://ipfs.io/ipfs/QmVS5wcztwSTc7tn1aEK5TtVVPkG4NwfBpaX3CLgYcwgEi\n\nI really like this proposal and appreciate the way it bridges Web2 users into the Cardano ecosystem. However, the risk and the overall ask of nearly 5 million ADA are just a bit too high for me to vote yes. My main hesitation is that the repayment terms feel somewhat open-ended, without a clear deadline, minimum payment, or protection if revenues happen to fall short. Additionally, with the treasury providing ADA but being repaid against a fixed USD amount, the treasury takes on the currency risk—something that is especially important to consider given current market conditions where a rise in ADA's price would mean significantly less ADA comes back. While these financial mechanics give me pause, I won't stand in the way of this being funded as we absolutely do need initiatives like this in the ecosystem, so I am choosing to abstain.",
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"label": "Rationale PDF",
"uri": "ipfs://QmVS5wcztwSTc7tn1aEK5TtVVPkG4NwfBpaX3CLgYcwgEi"
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