Thanks for the update cube!
One thing I disagree with... First the committee collects the fees and only then they start figuring out what to do with them? That doesn't make sense and isn't a good practice, even if the funds are safe.
you are totally right about it .. and I think in the future the committee probably spends the funds in the same transaction that claims them ..
I thought it was supposed to happen like that...
First the committee collects the fees and only then they start figuring out what to do with them? That doesn't make sense and isn't a good practice, even if the funds are safe.
The committee members had talked about and agreed to collecting the earned fee and using it to improve market liquidity, before voting the proposal. The implementation details and options of how to achieve this objective were discussed then but they were not finalised. While we could have discussed and agreed on a single set of implementation details before collecting the fees, the difference in opinions could distract the members from the objective and prolong the phase. Taking it step by step may help in reaching consensus easier.
Having the funds may force you to take actions faster because you've already started stuff and won't leave it incomplete. I understand that. However I'm of the opinion the committee should have a plan before even doing the worker proposal.
I was under the assumption you had already figured it out. That as soon as you claimed it you would use the funds immediately after. That's why I was surprised seeing this.
Still, thank you for transparency and the update, I think that's really important, I believe you were the only one doing that. Thank you Cube.