Petition for increased transparency by Cardano Foundation

8 months ago    110 views
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Genius Yield | Automated Yield optimizer on Cardano Blockchain

The success of Cardano will spring from a foundation of great technology built by IOHK but, to realise that success, it also needs strong marketing, alliances, developer enablement, etc…

Most of these non-technical contributions are the responsibility of the Cardano Foundation (CF).

While the CF has greatly improved from a disastrous start, its transparency still leaves a lot to be desired. For example, the latest news on their site are from December ’20. Meanwhile Q1 ’21 is already in the rear view mirror. Where are the updates?

I have seen arguments claiming that NDAs or sensitivity of the deals they are working on, prevent them from commenting. That makes sense to a point but it’s not a good answer. They could still comment on the number, type, completion status and broad geography of those deals without giving away any specifics.

This post is to petition the CF to produce quarterly reports to the community covering things like:

  • ADA holdings and other reserves at start of quarter and end of quarter

  • headcount broken down by type (marketing, content, legal, SMEs, engineers, etc…) and employment status (contract/full-time)

  • major expenses Inc people

  • sub-contracting partnerships

  • documents and/or code produced

  • partnerships/deals signed

  • overview of deals pipeline: broad description of what deals are in progress in a way that does not violate NDAs or risk the deals

If you agree please upvote for visibility and community pressure

@IOG @Emurgo, can you help us with this?


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