It would be good to see a centralized effort to ensure long term growth and implement the much-needed upgrades to the core protocol.
Aaron Schnarch appears to have a strong executive record in Web3, and this initiative seems to have great support from @Gauntlet, who are long-time contributors to the protocol and have always acted in its best interest.
Compound has lost a significant market share to other participants:
I believe all approved budgets should include both a fixed component and a variable component. The variable portion should be tied to Compound’s percentage of the total TVL (Total Value Locked) in the DeFi lending and borrowing space. TVL measured in dollars has limited significance due to price fluctuations, so we should track whether Compound’s share of the overall market is increasing or decreasing.
A $6 M budget seems fair—not too little, nor too much—but it would be beneficial if part of it were tied to Compound’s success.
The same approach should apply to all service providers: each proposal should include a variable component linked to Compound’s performance, ensuring that everyone’s incentives are aligned and the impact is properly accounted for.