ParaSwap DAO

PSP-IPΔ29 : Revoking grant for ParaSwap Monthly Financial Reporting

Keywords collaboration, financial reports, grant

Simple Summary Discontinuation of the Asymmetric Defi 2 grant following the receipt of the first financial report and the observations made by the members of the DAO on its quality and relevance.

Context & Goal After a first grant proposal draft, the PSP-IPΔ26: ParaSwap Monthly Financial Reporting vote awarded a monthly PSP grant of $1000 to Asymmetric Defi to run a monthly report.

The reception of the first report 2 and the various feedbacks from the community question the quality and relevance of the work provided.

After discussion with @adalhi (Asymmetric Defi contact), the latter goes along in the direction of putting an end to the proposed service.

Despite the deletion of the document by its author, and his wish not to be paid for the report produced, this proposal aims to thank the author for their interest in the DAO and the time spent in trying to produce this report. To do this, this proposal aims for a partial compensation relative for the time spent on this, despite the final report not meeting the goals set by the proposal itself, mainly to: “Inform the community about the financial state of the DAO and the impact of governance votes, crypto trends & news on the protocol’s performance. Includes Market share analysis”. Indeed, although briefly mentioned, there is no analysis done between the governance votes, the protocol announcements, the global crypto market and the numbers exposed.

In addition to the lack of these proposed sections, there were many reported numbers that have been found to be erroneous on several occasions (such as the presence of liquidity mining programmes, wrong Protocol Revenues, etc) not allowing this document to have its role of informing and educating the members of the DAO. If anything, this outdated information could lead to potential readers being mislead with factually erroneous asssesments. Market share planned is not present.

This proposal aims to revoke the grant in an anticipated way and to pay a one-time allowance of $300 in $PSP. This one time allowance will be conditioned to the positive return of the grantee. The latter having left the discord without warning. This return will have to be done before March 31, 2023.

Means The proposal, if passed, will require the payment by the DAO of $300 in PSP to the Asymmetric Defi wallet (after they validate the will of this payment before March 31, 2023): 0x3c8fc549798C48Cd4EdC1786bef85D3a50f15C10, which was posted by @adalhi on the 2 January 2023 in the proposal.

The proposal will mark the end of the grant and Asymmetric Defi will be informed of the vote through one of the communication channels previously used (governance forum, discord).

The vote will confirm their previously stated commitment to end the partnership.

Forward-thinking considerations As expressed by @Mouph, this proposal is the consequence of a grant being awarded without having previously defined the expected success criteria and the expectations of the DAO.

Further discussion by the DAO should be initiated to create a framework for future grant awards to guide applicants, and ensure more effective selection and quality control.

Implementation overview Even if both parties are at the origin of the end of this partnership, it is necessary to implement the payment (under conditions) and the end of the collaboration before the production of any further reports.

Voting options For : end partnership and validate a conditional payment option. Against : do nothing. Abstain