community-led treasury, potentially funded by transaction fees or inflation, could ensure long-term ecosystem growth without reliance on centralized entities.
But I could se some red challenge’s Funding uncertainty implementation risk I hope there will be good on chain governance
But then it’s a very promising step toward growth decentralization , but why proposal wasn’t a year ago
About voting rules I like the rules there are strong for promoting flexibility governance but again has its bad rules engagement dependence
I hope this message comes across with the right sentiment, because currently it’s a strange situation.
Although I can see the value of a decentralized treasury… and with a healthy ecosystem and engaged community it would be a really exciting prospect.. but…
if you ask anyone who is still holding Mina, a decentralized treasury is fairly low on their list of wants.
To give a reality check, if Mina continues to decline the only people voting on proposals will be the 13 people who have voiced their opinions on this thread (half of whom are either current or ex employees).
It’s sad to say but the vast majority of the community that still exists is currently either angry, frustrated or disengaged.
As someone who very much cares about the project, in the short term i would really like to see @bkase and o1 Labs put forward some grant opportunities for specific Mina infrastructure (perhaps things that can be built on top of Nori could be one?) and breathe some fire back into the project.
Wdyt @hgedia @acityinohio @maht0rz ?
Hey Pete. I feel there is some misunderstanding here. o1Labs is currently supporting many of the existing builders. We recently published an update here : o1Labs’ MINA Treasury Update
o1Labs will certainly look to support new projects in the near future once we feel the underlying base is ready. The Mina foundation led decentralised treasury workstream is independent of the o1Labs grants and one does not mean the absence of the other.
Thanks for the link, yes i did see that and i know these things can work independently of each other.
This is great for current projects, but a serious statement of intent would be a more outward looking perspective in the short term (now).
Thanks for sharing your thoughts @Pete. FWIW it’s a totally fair sentiment and I didn’t take it the wrong way. I wish there was more community energy here too…but the reality is, there isn’t right now. The only real way to win folks back (or attract new ones) is to deliver meaningful progress on the protocol itself. I know o1Labs is heads-down on exactly that, and they now have the focused resources to make it happen.
That said, not to overemphasize it, but a lot of what the community has been asking for (like core development, marketing, ecosystem growth) is firmly in o1Labs’ hands now. Still, the decentralized treasury remains critical for the broader ecosystem; it’s the mechanism that can empower independent projects, grants, and innovations without bottlenecking through centralized entities…like the MF of the past.
Ultimately, our mandate as the Mina Foundation has always been to decentralize power and control to the community…even if it’s a significantly smaller, more core group than we saw a few years ago. It’s a foundational pillar of our mission, and we’re duty-bound to execute on it, regardless of the current headwinds.
It might not feel like the most pressing need in this moment, but it’s both a) our mandate and b) optimizing for an ideal future. In that future, o1Labs delivers on new, exciting initiatives that reignite growth, and when that happens, projects can tap directly into protocol-level funding instead of routing through the Foundation as gatekeepers. I get why it might seem lower-priority today, but I believe the dedicated community members still here will be glad we prioritized this not too long from now, as it sets the stage for a truly self-sustaining ecosystem.
(edit: oh and for more context on the “why the treasury” question we posted some clarifications on the latest transparency report here: https://x.com/MinaFoundation/status/1958088666028429628 . honestly it’s pretty much the same reply said differently, but posting it just in case you or others on the forum wanted answers to other questions raised in the report)