Governance

Anchor document

ipfs://bafkreigxga5cvuwswwsfstaatgimkg675jafbj6d7ksvq5gmcxkzpo32xu
Hash matches the chain Open original

This document doesn't follow CIP-108 or CIP-119, so there is nothing to lay out. The raw JSON is below.

Document

Hash (BLAKE2b-256)
d31e84b612c0f2458c855db0036b78e9ed8341115e135a358abb3382945c08c5
Hash on chain
d31e84b612c0f2458c855db0036b78e9ed8341115e135a358abb3382945c08c5
Fetched from
https://gateway.pinata.cloud/ipfs/bafkreigxga5cvuwswwsfstaatgimkg675jafbj6d7ksvq5gmcxkzpo32xu
Raw JSON-LD
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  "body": {
    "comment": "We recognize Strike Finance as a strong Cardano DeFi protocol with real usage.\n\nHowever, this proposal asks the treasury to convert ADA into USDM and deploy it as liquidity into one commercial protocol. That creates market, stablecoin, smart-contract, custody, and ADA opportunity-cost risk.\n\nThe value capture is not strong enough. The treasury takes the downside risk, while much of the upside benefits Strike and its ecosystem. The proposal lacks sufficient first-loss protection, guaranteed return, revenue sharing, or broader treasury investment standards.\n\nThis is not a vote against Strike. It is a vote against using public funds as concentrated liquidity for a single protocol without stronger safeguards.\n"
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