This week at the Dash DIF (update)

– The DIF is currently preparing to publish its first quarterly statement (i.e. transparency report).

– The results of the DIF’s poll on reserve asset type(s) was completed and reported by DashWatch, with a majority of voters indicating that they wish the DIF to hold 100% of its reserves in Dash at this time. We are abiding by this poll result.

– The DIF is currently in the initial discovery process with two companies of interest, each in the blockchain/payments space. Should either or both of these opportunities reveal themselves to be promising investments for the Dash network, we’ll put them up for a vote. Whether or not these two companies eventually “make the grade,” we’ll keep exploring both outbound and inbound opportunities, striving in tandem to build DIF reserves so that we can be in a better negotiating position in the future.

– An internal re-distribution of responsibilities has taken place due to emergent strengths and preferences. As a result, Michael Lewis (“Walter”) is the new chairperson, and Amanda B. Johnson is the new secretary.

– We are preparing to make a multi-month funding proposal for November-January, which will actually be two separate proposals, each for 4.5% of the potential treasury. This way, supportive voters can choose to provide our preferred ask (9%) by voting for both proposals, or can choose to provide half that amount by voting for only one of them.

Author: DIF
Original link: https://www.reddit.com/r/dashpay/comments/df38ex/this_week_at_the_dif/?utm_source=share&utm_medium=ios_app&utm_name=iossmf