Allocate 7m OSMO to the OGP Multisig to Fund Market Making Operations for 12 Months

[LeonoorsCryptoman]

@RoboMcGobo

Yeah, unfortunately the Cosmos SDK doesn’t support native key rotation, so every time you change multisig signers (as was done in december with the new iteration of the OGP), you have to create an entirely new multisig. It’s unfortunately a technical constraint.

Point taken

Funds separation still stands though. Convenience should never ever be the driving force of making choices if it sacrifices basic best practices.

EDIT: I just learned through a very helpful tip of @RealVovochka that there is even a monthly payment for doing the necessary accounting work >.<

Osmosis Grants Program v3 Renewal

Osmosis Grants Program v3 Renewal Summary We propose extending the Osmosis Grants Program (“OGP”) for a further 12 months. We’re requesting an additional budget of $2.2M in OSMO tokens to keep funding projects that help Osmosis. As part of v3, the OGP will close inbound applications to focus on designing and prioritizing high-impact RFPs that deliver long-term value to Osmosis, and proactively sourcing providers to tackle these RFPs. As part of v3, the OGP will carve out a specific portion of …

I also did not thoroughly check the party at the time of the proposal to be honest. But the website looks like sh*t and they state “Lemma was founded by CPAs from senior roles at the Big 4, to ensure accountability and reliability are never in question with your DAO – including with your finances. Lemma has partnered with many of the most reputable financial administrators in the space and can provide introductions should the DAO or Foundation seek to outsource recording of financial transactions.”

And then to see this basic error… urges me to also step up my own game and make sure the check from my side is also done better next time. The fact that we are in crypto doesn’t mean we need to make the same mistakes as the web2 world already has done. We need to take best practices if we can and improve where needed. Reinventing the wheel is just unnecessary and a waste of time.