Hi @AranaDigital ,
We understand the greater degree of transparency needed for this proposal to pass, which is why we are committing to a periodic transparency platform where we share critical developments, including key integrations, important developments to the product, and partnerships Laita Labs has attained. A transparency update thread has just been published, and can be found here.
With these periodic releases, we believe that Delegates will be able to see the developments that Laita Labs does to keep the protocol growing, and as these are public will allow for a level of transparency and accountability that would be viable as opposed to sharing more potentially competitive information.
Regarding this point, we believe that there has been a misunderstanding of the point we were trying to share by showing these examples.
Our original proposal outlines in the ‘Means’ section a much more comprehensive overview of the services we wish to offer as a service provider. These include marketing facilitation (PR efforts, content, branding, etc.), Infrastructure and Developer Support (which includes Maintenance of DexLib, Smart Contract Maintenance, API, etc.) and DAO Facilitation + Dashboards.
Our examples of Audits and Marketing costs were shared in reply of the points raised to other delegates, wondering how much of the total costs this proposal could cover. The point being made in the proposal was not that this PIP will cover Audits and Marketing, but instead that the current budget would not cover the complete operating cost of even two of the major categories at the current stage.
Regarding this, we hope that the recent releases can help bring further context on the importance of expanding the product. Compared to just a few months ago, Laita Labs is committed to the growth of Velora in both a product and brand awareness level. This commitment is higher than ever before, partially thanks to our expanded feature set. Not only do we wish for people to recognise the new brand, but we are entering a new world of Intents and Cross-Chain trading that requires more development, research and partnerships than ever before.
Additionally, the DAO has attained a level of maturity and professionalisation previously not seen at any of its history. Now that different delegates and service providers help run the protocol, it is important to outline the resources needed to keep the protocol afloat, and this kind of healthy discussion is part of the reason we believe that now the timing is right. The following proposal is not a funding request, but instead, we aim to begin invoicing as a Core Service provider similar to other entities performing similar work for the DAO. As we are closely involved with Velora DAO, we are happy to answer further questions, but in a similar way that other service providers cannot answer where their invoiced fees go in different departments due to confidentiality and competitive reasons, we also have to perform similarly on this ask.
These two reasons combined have led to the decision to release this proposal now. Over time, in the spirit of effective decentralization, we hope that the role of Laita Labs becomes that of one Service Provider among many, all of which work in a collaborative manner with Velora DAO.
We hope this helps bring sufficient clarity to the proposal.