Concerns Regarding the Proposal
First of all, I appreciate the clarity and long-term vision expressed in this proposal. However, after reviewing the details, Iβd like to share a few concerns that I believe deserve community discussion and clarification before implementation.
1. Concentration of Power
While this is formally presented as a reallocation, in practice it significantly increases the Foundationβs control over token distribution and value flows. This centralization could potentially reduce the decentralization ethos that Metis has always emphasized.
2. Possible Token Fragmentation
Some Foundation-backed projects (such as GOAT and LazAI) already have their own tokens. If these projects receive funding in METIS and later convert or reissue those funds in their native tokens, the ecosystem could become fragmented β with multiple tokens circulating under different value dynamics (who receives what, in which token, and at what rate?).
3. Risk of Limited Transparency and Accountability
Although governance and whitelist mechanisms are mentioned, the actual allocation decisions (who receives what, and why) will depend on the Foundation and its governance group. If governance is not fully decentralized in practice, this could lead to power asymmetries or even perceived favoritism in fund distribution.
4. Potential Market Impact on METIS
Moving 20% of the total supply into an βactiveβ reserve that distributes rewards or funds projects could affect liquidity and create sell pressure, depending on how and when these tokens are released into circulation.