{"@context":{"CIP100":"https://github.com/cardano-foundation/CIPs/blob/master/CIP-0100/README.md#","hashAlgorithm":"CIP100:hashAlgorithm","body":{"@id":"CIP100:body","@context":{"comment":"CIP100:comment"}}},"hashAlgorithm":"blake2b-256","body":{"comment":"I see this in many ways a Hail Mary pass for Cardano, which I would rather not be making, however, Cardano has fumbled its attempts to interest mainstream finance, DeFi and developers in its go-it-alone and contrarian approach.  This has left the ecosystem with good tech, but lacking the liquidity necessary to start a flywheel of growth.  \n\nCardano has tried other approaches with its own stablecoins, when the mainstream players wouldn't come on their own.  It has tried various DeFi platforms, but nothing has generated sufficient traction to change our  underperforming trendline.\n\nWhile my major value was to preserve the treasury, especially at a depressed valuation, if we continue doing what we have been doing, I believe our trend toward obsolesce will continue, and the absolute value of the treasury will continue to decline inline with the market perception of Cardano.\n\nThus, this Hail Mary pass to change the trend. \n\nI see this going very badly if this project turns out to primarily be a device to create more and bigger exit liquidity, and I don't discount this possibility in a bad-state of the world.  However, in the good state, this could be a catalyst which can tie into several external macro events -  higher throughput technology improvements and rollout, launch of Midnight, passage of the Clarity Act, and Cardano etfs under the streamlined SEC rules.. all of which will be coming at the same time.  If any or many of those arrive, then having the deeper liquidity this project offers would critical to giving headroom for smooth market expansion.   \n\nIf we have an optimistic view of Cardano's future, then this project, while expensive may well be required business infrastructure.  I believe there is more downside risk by not passing, and thus vote yes, though threw gritted teeth."}}