Approval of STEP 2 Committee’s Preferred Allocations
If someone looked at all the applications for the placement of new 35 million ARBs, then he probably spent all his working time on them, because they are very voluminous.
And of course, it is right that they are so detailed, since this is a large amount and a large risk analysis is required for the Arbitration.
However, there are many applications and most delegates cannot devote so much time, for this there is a special committee.
I carefully looked at the final 3 applications that the committee proposed and they inspire confidence and I voted for them, but for the future I would like the committee to justify the following points:
- Why is the percentage distribution for each application approximately 30%? After all, the organizations are completely different and, for example, the amount of funds that WisdomTree manages is significantly larger than that of others (if we take into account not only cryptofinance). It would be logical to give a larger percentage to this company.
- If some applications did not pass, it would be good to know why, because the delegates physically cannot review all the applications and, accordingly, will not be able to adequately make a decision. I would like to receive a report on why these particular applications were accepted, since almost all of them give the same percentage: 4-5%
Vote: FOR
Platform: Snapshot