I am voting “for” on this proposal.
As stated above, I think the idea of the foundation having a fund to foster growth for specific deals, is what is needed, especially for orbit expantion.
I partially second the voices of folks calling for more transparency; I also understand that not all details should be disclosed and, in some cases, some details can’t be disclosed due to either specific agreements or just business logic.
We have several gaps here due to the status of Foundation, as the most important stakeholder in our ecosystem. And I don’t think anybody wants to challenge this status, nor thinks it doesn’t hold true. But potentially, this is not for example a way to disclose some information to the dao (re: foundation grant program, while we can see the end protocol getting the grant, I don’t think there is a public list of the amount or scope for each grant request, just to give an example).
So, while the above could be a bit off topic here, would be a solution similar to the one adopted for the GCP be useful?
In there we have a council, under NDA, that can have full knowledge on the operation behind, and can alert the DAO in case something is wrong, and potentially claw back funds (paging @Djinn for confirmation here). I don’t think we should gun necessarily for this specific type of dynamic, nor I do think the DAO should claw back funds from the foundation. But a certain degree of oversight/collaboration, even if under NDA, could be useful, and in general could be a good tool to leverage the operation of DAO and foundation. This council can indeed steer the convo of dao’s initiative toward specific ones that would benefit on going deal of the foundation, and the council could be part of the transparency semestral report (or, add an indepedent section all together).
I am spitballing ideas here, and I am open to a feedback that is: all of this is just nonsense, is non applicable, doesn’t solve problems, does only introduce friction.
But since the foundation is coming to the dao, and since we should enhance the synergy between the dao and the foundation in general because we all have the same goal, this initiative could be a start.