Proposal #162
Rejected on 05 Mar 2022: only 37.1% of the decisive votes said yes.
Yes
34.8%
37.1% without abstain
Veto
2.4%
of votes cast
Ended
05 Mar 2022
34.79%
of votes cast
6.34%
of votes cast
56.43%
of votes cast
2.44%
of votes cast
This proposal is to allocate 125k OSMO to a multi-sig wallet controlled by members of the Osmosis Support Lab and Osmosis Ministry of Marketing. The wallet will then delegate all funding to Redline validation in exchange for consulting services related to Defi, DAOs,and structuring. This delegation will hold for a minimum of 6 months. At the end of 6 months the two working groups will assess if we need to increase, decrease or undelegate funding. Any funds not used for delegations to Redline will be sent directly back to the community pool. When services are no longer needed or wanted, this funding will return directly back to the community pool. This is a no loss scenario for the community pool, as the requested funds will never be spent or leave the multi-sig wallet except to be returned to the community pool.
The members of the OSL and OMM have vetted Redline and its services and their current engagements with many reputable teams and projects. At a high level Redline will be providing key services and recommendations to reduce major bottlenecks related to structuring recommendations, support, and logistical help. In fact they have already completed bodies of work. Given our previous unsuccessful efforts to solicit these services from various other vendors, Redline has already delivered better than expected results in a timely manner
This approach will be the first example of community funded consultation for community funded initiatives. The delegation will ensure the two groups can confidently engage with adequate consulting teams necessary for them to have maximum impact with the funding allocated to them. This service can be used by other working groups in Osmosis and is not exclusive to Support and Marketing. We advise all teams and users to engage with Redline before committing any delegations as they will be a 100% validator
About Redline: “Redline specializes in consulting services and helps crypto teams, foundations, and DAOs navigate through the unique hurdles presented to crypto and DeFi. Our unique model provides access to top-tier talent without any out-of-pocket costs or traditional bottlenecks. We are quick to execute an engagement, are fully transparent, and are tailored for the dynamic crypto environment.”
Discussion can be found here: [Hidden link]
You can read about and engage with Redline here: [Hidden link]
Connect with working groups
OSL Twitter [Hidden link]
OMM Twitter [Hidden link]
Vote Yes: If you support sending this delegation to Redline to support our two community funded groups.
Vote No: If you do not approve of delegating this funding to Redline in an effort to support our two community funded groups.
Multi sig wallet address: osmo1nmkn238s58lmnkv0nvc5m6tajg9y8g8zujwjh3 Redline validator address: osmovaloper1qylzyxxz8x358670tpuqnf2kjezacahcztgg8f