Thanks for your feedback @kyle - I’ll be sharing a revised proposal later today and will incorporate suggestions 1, 2 and 4.
With regards to (3) we’re sticking with funding GiveDirectly at this moment in time as:
- We want to run a lean operation that’s solely focused on building the best stablecoin,
- Extreme poverty eradication through unconditional cash transfers uniquely combines extreme scalability, very low overhead funding and non-crypto-audience appeal - which is vital to make our interest-on-assets model work
- GiveDirectly has 10+ years of experience running cash transfer programs in a highly transparent way
- Some academics argue that funding basic incomes for poverty alleviation is funding a public good: https://www.sciencedirect.com/science/article/abs/pii/S0313592622000856