The Cosmos Hub community launched a new proposal, proposing to allocate US$5.7 million (30% ATOM and 70% USDC) to Informal Systems and Hypha Worker Co-op in the 2024 budget, as well as 100,000 ATOM as performance bonuses. These funds are mainly used for the ongoing maintenance of the inter-chain security protocol, the upgrade of the Cosmos Hub Gaia core software, and the optimization of the test network program.
If the proposal is approved, a total of 1,117,857.14 ATOM will be released to the clearing multi-signature address. The proposal also includes oversight committees and vesting mechanisms to ensure accountability and quality of work.
Currently, 42.7% of the votes are against the proposal and 8.8% are in favor.
It is understood that Informal Systems is the core development team of Cosmos Hub, while Hypha Worker Co-op focuses on the consumer chain field.