As a DRep, I decided to vote NO on the proposal: Blockfrost: Maintenance and Next Generation Indexing
My rationale:
Blockfrost has received multiple funding rounds from Catalyst in the past. Last year, $1,300,000 from the Treasury. That is enough support for a private company under the IO umbrella to become a sustainable business.
While Blockfrost provides a free tier, it operates a freemium model where production usage is monetized. Without disclosure of revenue, cost recovery, and sustainability metrics, it is not possible to determine whether this subsidy is necessary or whether it risks funding a commercially viable business.
While Blockfrost is clearly an important provider, no independent data has been provided to justify subsidizing its operational costs over other competing services.
Blockfrost is one of several capable API providers in the ecosystem, alongside Maestro and Cardanoscan, while decentralized alternatives such as Koios further reduce reliance on any single service. This suggests that the ecosystem does not depend on Blockfrost in a way that would justify exclusive treasury support.
If we pick winners by subsidizing their business, others must also seek funding from the Treasury, or we support centralization by ensuring Blockfrost dominance. The winner should emerge from healthy competition, not through governance decisions.
To be clear, access to blockchain data is essential, but this does not require subsidizing a specific private API provider.
The ecosystem would benefit more from investment in open, decentralized, or protocol-level data access solutions that reduce reliance on any single service.
Allocating treasury funds to an IOG-aligned service risks reinforcing centralization at the infrastructure layer, especially in a market where multiple alternative providers exist.
Additionally, this proposal bundles two distinct components: the development of new infrastructure (Project Cayley) and an operational subsidy for Blockfrost's existing services. Combining them into a single vote prevents proper evaluation of each on its own merits and forces an all-or-nothing decision.
If you'd like to support my work, consider delegating to the MANDA pool and backing me as a DRep. Your support is the only way I can get time for governance.
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