Hi folks,
My name is Weiwei Geng and I’ve been appointed as a director on the RLY Network Association executive board.
With the passing of the decentralization proposal [[PROPOSAL] $RLY Network Decentralization] we’re now in a position where this budget ask of the community treasury is reviewed by the RLY Network Association executive board. We’ve got a lot of work to do to establish appropriate processes around submitting requests, offer the community ample opportunity to offer feedback, create an venue to signal support/dissent, and provide transparency into the executive board’s decision around each request. But until we have those robust and transparent processes in place we also want to make sure that time sensitive matters like this aren’t held up.
To that end, the executive board of the RLY Network Association had an ad hoc meeting to review and approve this request. We’ve seen excellent results from Miguel’s strategy to date leading to substantial liquidity and trading volume for the RLY token across multiple exchanges.
We’ll continue to advance processes, communication, and transparency at the RLY Network Association level to ensure a more formal and consistent process for these reviews going forward; expect to hear more from us in the coming weeks as we get this off the ground.
Thank you.