Hi this is Jason (@mrjasonchoi), early investor in Fei and early holder of RGT.
Thankful for the work that GFX Labs has done, but the ~$3.5M compensation for assisting with the merger these few weeks strikes me as very aggressive and I believe more than a few share my sentiment judging from initial responses.
Even for a staunch proponent of generous governance mining, objectively this is a high amount. This will be one of the largest capital outlays from Fei since inception, and as such should be evaluated with rigor.
For a startup that recently raised $2.5M seed (https://twitter.com/jobsincrypto/status/1464421218740846600?s=20), I’d like to know exactly how the $3.5M is used.
I propose having either
(1) a revision of the amount paid, perhaps opening the process up for a bid from multiple parties
(2) a tiered released based on milestones around long term commitment, with multi-year long vesting in place to align long term interests. Unlocks are dependent on quantifiable KPIs so community can hold GFX accountable
Curious to hear your thoughts.