Hello everyone,
I fully agree with Tritium’s four initial points in his latest reply, particularly the fourth option, which seems the most viable.
Regarding the second part of the discussion:
BLabs has been operating without any income from the DAO and has covered significant audit costs amounting to around $635,000 for 2024. This includes expenses for Certora, Spearbit Vciso and Audit, and Trail of Bits. Our last funding was in 2021 when we sold some BAL tokens, and since then, we have refrained from selling any further.
We have reserved funds for the Bug Bounty Program and have consistently earmarked additional funds whenever we paid out bounties to maintain a $1 million reserve. We will use these funds for our operations as we currently have no income, and our runway is not looking good. If we don’t use this $1m we will have to sell BAL soon which we have been trying to avoid at all costs.
Let’s continue this discussion to reach a common ground.