We voted Against: While we supported milestones 1 through 3 of this program on the basis of operational completion of deliverables, the latest update reflects on-chain activity that materially undershoots the underlying premise of the grant. The original scope targeted projects generating $500K+ TVL with meaningful ecosystem usage, and the most recent monthly report on the program’s anchor deployment shows roughly $1,000 in volume across 8 unique wallets and 31 transactions. The milestone payment structure was designed to be performance-based and tied to project deployment and ecosystem contribution, and the realized contribution at this stage is not at the level that justifies releasing further funds against the originally scoped success criteria. We would support a future milestone that documents either meaningful activation of the existing deployments or a credible reset on KPI targets, but releasing M4 as currently presented is not consistent with the performance-based intent of the program.
We voted For: Consistent with our prior support of this team’s resubmitted Milestone 2, where the IOV Foundation responded to our questions and demonstrated that the smart contract deployment and CID storage work was actually complete. The Milestone 3 scope advances the sandbox from architecture-complete to alpha launch on Rootstock, which is the natural next step for the SSI integration and a meaningful contribution to the ecosystem’s identity infrastructure. The team has been responsive to delegate feedback and has shown a willingness to course-correct when concerns are raised, which is the engagement pattern we want to reward at the milestone stage. The proposal failing to reach quorum on this attempt is unfortunate; we would support a resubmission on the same terms.
We voted For: In favor of this first distribution under the new collaborative, threshold-based compensation model that Anode and StableLab have moved the program toward, with seven delegates receiving graduated amounts totaling 3,750 USDRIF for May. The shift away from a fixed tier structure where delegates effectively competed for a small number of paid spots, toward a model that rewards contribution to the ecosystem rather than relative ranking, is the healthier direction for delegate dynamics over the long run. We would be interested to see how the threshold model holds up as participation patterns evolve over the next several cycles, since the first month is necessarily a baseline rather than a steady state.
We voted For: As the prior vote didn’t hit quorum, we are voting in favor again, consistent with our support last round after the IOV Foundation demonstrated the milestone work was complete. Same terms as before and no new concerns from our end.