Delegates haven’t had enough time to review and discuss this proposal yet. We voted against this proposal at this point and recommend they would resubmit one after an ample time of discussions on the forum.
At essentially zero cost and risk to the Collective (1 USDRIF checkpoint, sandbox managed entirely by RootstockLabs with 100 USD deposit caps), this is a low-friction way to explore async vault mechanics for rBTC. No reason to block it.
The current 100% allocation ceiling creates a race-to-the-bottom where builders compete on reward allocation rather than value creation. 90% is a reasonable first step that addresses the worst misalignment without dramatically restructuring incentives. We note @Manu’s argument for a fixed 50%, which has merit as a longer-term direction, but starting conservative and iterating makes sense here. No new smart contract risk since the mechanism is already implemented at the protocol level.
We recognize the team’s responsiveness to delegate feedback and the restructured Milestone 1 (15 events, $3,000), which is a reasonable starting point. The track record of 76+ events across India is credible.
We voted against for two reasons. First, the Rootstock-specific KPIs are too soft. The only on-chain metric is “10-15 new stakers per event”; the remaining metrics (wallet signups, interest forms, Telegram joins) do not reliably measure ecosystem impact. Second, the Rootstock presentation materials have not been shared for review. The existing deck contains no Rootstock content. We are not comfortable funding Rootstock education before the educational content has been reviewed by delegates. We applied the same standard to the Rootstock India proposal and believe it should apply consistently.
We would be happy to support a resubmission with revised materials and harder KPIs.
We vote for this proposal for distributions based on the report by Anode, which aligns with the need for a transparent and data-driven approach to delegate compensation. We welcome @SEEDGov joining the delegate set this cycle.
Disclaimer: we are a beneficiary of the delegate compensation via this proposal.
M2 deliverables are complete and all items we flagged were resolved. This is the valid M3 proposal as confirmed by the grantee; we voted against the duplicate which was submitted accidentally.
The revised M2 scope addresses the key concerns we raised: split routing is reprioritized, Router admin functions move behind a multisig with timelock, and a concrete audit plan is scoped for M3. The team has been responsive and the accountability mechanisms (public comparison page, fee lock until 2028) are solid.