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Memo 0x9b67793a…9fe5c6 on Ethereum

I hear the concerns but don’t agree with the premise that one should build a protocol that then translates to a product. The reason we sunset prop house was due to the lack of flexibility a protocol-first approach allows. In a fast moving market, flexibility and speed are critical. We are building product-first to have reassurance of reality to then build out a protocol that would be actually be useful. As we learn about the market in tandem with the state of the tech available, we build out the next piece of the puzzle. We did not outline our roadmap for decentralization for the above reasons. However, we do have one in place. We already have distribution onchain, next are round contracts that are composable in the context of onchain communities and once the tech is ready (no good solutions today, we’re actively looking), we will tackle submissions & voting. As for bias and research budgeting: this is why we need more resources :) one of the priorities over q3 and q4 will be to develop a more robust algorithm. Lastly: products evolve. 4 months ago the *idea* for rounds did not even exist. it’s only reasonable to consider the stage/timeline when judging execution.