We fully support this reassignment request, as the projects participating in the hackathon should not lose the support already approved by the DAO. However, as a clarification, it might be helpful to add to the proposal a list of the projects that would be affected if Phase 2 is not completed. We believe this information is crucial for everyone to understand the value we risk losing if these projects fail or migrate to other protocols, as indicated in the proposal.
Furthermore, we do not believe this sets a bad precedent, rather a positive one, as it is a unique solution that has proven to be both viable and timely.
We also fully support the development of a faster mechanism that removes the need to submit full proposals to request funds in such situations. We endorse the suggestion of implementing a program similar to Lido’s, as it offers a quick way to address these issues or allows the TMC to handle such cases in the near future.