We’d like you to inquire a little more, or we can do it at the governance call. For more context, our confusion arises from the following:
Carl Vogel was the point of contact at Paxos for the USDP (then still called PAX) in summer of 2021. Carl proposed the USDP PSM. Inquiries to other contributors, while anecdotal, couldn’t locate records of contact with Austin until the following summer of 2022.
It’s also notable that Paxos broke its commitment that was part of the onboarding terms. This was partly while Austin was at Paxos for 10 months of 2022:
While there was a later revenue-sharing agreement between Maker and Paxos, this was after Austin’s tenure at Paxos and was negotiated by a third party consultant in 2023.
We’re not saying it’s impossible Citi was advising Paxos on what to do here unbeknownst to Maker, but it was Carl Vogel who got the deal approved at Maker as the Paxos representative. Austin was not at Paxos until half a year after the USDP PSM was approved, and had left half a year before the interest-sharing deal with Maker was proposed.
Perhaps Austin has great qualifications, but we wonder if there is confusion about the extent of his involvement to negotiate USDP’s inclusion at MakerDAO. The original deal also was not honored to the best of our knowledge, so it’s not a recommendation in our eyes, (though we are biased as longterm MakerDAO contributors who helped approve the original onboarding).