The above proposal has been submitted to the network with a few slight modifications. You can read the final version here. Importantly, the funding recipient and requested amount did not change, plus the work is now finished. Our community is deciding whether to pay Alexander Bezobchuk (a.k.a Bez) 5000 SCRT for enabling the Secret Foundation pool.
Context
This on-chain proposal was approved unanimously (65% of voting power) on August 18, signaling our need to implement some way to distribute block rewards as a "Foundation tax.” Once mainnet has been successfully upgraded, a configurable SCRT address owned by Secret Foundation will receive 15 percent of inflation to fund critical operations.
TIL embedded links don’t work in the proposal description field So, I’m sharing the on-chain proposal here and elaborating on a few points. All the links that were supposed to be included can be found in the “off-chain” proposal at the beginning of this thread.
Bez’s pull request for adding required functionality is merged. You can review it here:
Main difference between the off-chain and off-chain proposals: there won’t be a new proposal type for governing the Secret Foundation pool. Instead, users can submit and vote on x/distribution parameter-change proposals in order to change the tax rate or the recipient address.
So, I’m sharing the on-chain proposal here and elaborating on a few points. All the links that were supposed to be included can be found in the “off-chain” proposal at the beginning of this thread.