My view on proposal 1022 on
@cosmoshub @cosmos
- i'm tired of teams extracting the
$ATOM value (high relation to anyone that worked too closely with informal)
- these projects never provided any value to the coin or just few (by funding them as well)
I proposed the below deal
Convert the proposal to a Loan or Phased Repayment
The Community Pool should be the bank of Cosmos builders instead of a funding pool.
Core Idea: Treat the 6M ATOM as a loan (lol just realized they increased it to 7), not a deposit, with Hydro repaying principal plus interest from yield over time
How to Implement: Define a repayment schedule: e.g., return 10-20% of principal annually (starting after Year 1), funded by excess yield. If yield falls short, defer but accrue a small interest (e.g., 5% APR on unpaid amounts)
Tie repayments to ATOM price or yield benchmarks: If ATOM appreciates >20% yearly, accelerate returns to CP
Include early repayment incentives: Hydro could earn a bonus (e.g., reduced clawback risk) for outperforming
Benefits: CP gets the full principal back eventually, plus potential interest, making it a zero-net-cost initiative. This discourages "free" funding by adding accountability
Rationale: Builds on the clawback feature - make it proactive. Reference to similar Cosmos proposals (e.g., past liquidity mining with repayment clauses) for precedent