Archway Community Members:
After significant deliberation among both the Liquidity Council members and the broader community, as well as the upcoming Governance Call happening on November 9th, 2023, the Liquidity Council is currently seeking input on the following matters:
- In light of the current thresholds that were previously implemented (max amount of ARCH per request, number of requests per team, etc) coupled with the ineffectiveness such small liquidity provisions, we are open to deploying higher amounts. Therefore two subquestions arise:
How much should the Liquidity Council request from the Foundation/what should be the total amount allotted to provide liquidity?
What should be the maximum amount deployed to a single project?
- Some of the members of the current Liquidity Council believe that we should also add another signatory to our current multisig (now 3/5) to increase it to (4/6). This would add another community based member and hopefully prevent any sort of conflicts of interest in the event that said community member also works for one of the teams building on Archway (that person could then recuse him/herself)
Do you believe we should add an additional person? If so, do you have any suggestions (including yourself/your own candidacy)?
On behalf of the Liquidity Council, I thank you for taking the time to provide this timely and necessary feedback, both before and after the next Governance meeting. We all want to see the Archway ecosystem succeed, and the first step to getting us there requires much greater liquidity and connectivity to other parts of the broader Cosmos ecosystem in order to lure more users to our network.