Governance

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https://most-brass-sun.quicknode-ipfs.com/ipfs/QmVjUkxreD9a2PyWYuBBfFcTbrWBqcgBvxPezzeuR6C3i7
Hash matches the chain Open original

This document doesn't follow CIP-108 or CIP-119, so there is nothing to lay out. The raw JSON is below.

Document

Hash (BLAKE2b-256)
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Hash on chain
b7aecd7127ad6d294167a9514a469fadf086e42913cdfa9b3318234438f73755
Raw JSON-LD
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    "comment": "Although building the BTCfi (DeFi for Bitcoin) infrastructure offers good scalability, we believe requesting 10,000,000 ADA from Cardano Treasury is too risky.\n\n* Non-exclusive benefits: Charms is a multichain compatible infrastructure with many other UTXO platforms. We believe that Cardano Treasury bearing the entire massive development cost while other ecosystems also benefit (without a commensurate contribution commitment) is not optimal for the network's capital.\n* Lack of transparency regarding KPIs: The community and many DReps have pointed out a lack of clarity in the project's KPIs. We find it difficult to determine how these 10 million ADA will be disbursed and what the actual ROI will be.\n\nGiven the enormous budget and the high risk inherent in a multi-chain infrastructure, we have decided to vote \"No\" at this time as the most prudent measure to protect the Treasury, at least until the project has a proposal with a more reasonable budget and stricter KPIs."
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