Thanks a lot for this proposal @0xLucas and Fire Eyes team! Also thanks everyone for your input. I’m also adding a few points which represent my personal opinion, not necessarily Balancer Labs’.
The first two projects we had with fire Eyes were done directly via Balancer Labs through the pre-approved batches which are 100% disclosed once completed and also half the payment in USD. We all agreed (BLabs and Fire-Eyes) that as we get more and more decentralized this new phase should be done entirely directly through the Dao (i.e BAL token holders deciding/voting).
I have been extremely satisfied with the fire Eyes crew in these first two projects. They have always brought a lot of insight from other projects (this was extremely useful for the Balancer Labs team which sometimes is not paying attention to everything going on as we work heads down on our priorities). They also help with a lot of stuff that few realized they were involved with: for example the V2 flash paper and some medium posts.
@Mkflow27 put it really well: I think the Fire Eyes team is a facilitator. I’m sure they will bring more valuable activity and ideas in these early days of Balancer as we work towards building an organic and selfless community (which is IMO definitely the objective here). They can surely help a lot with tokenomics and governance among others.
Another important aspect of their proposal that’s important to me is that they are committed to no selling BAL as it gets vested but instead to using it within Balancer (providing liquidity and voting). Maybe @coopahtroopa could be more specific about the duration of that commitment but I don’t see them selling their BAL any time soon even after the one year vesting. I think this is proof that they are in it for the long term. The DAO should be spending more BAL in long term commitments like this IMO.
I’d love to see more comments from the community and the fire Eyes team addressing them all before we proceed to a snapshot vote!