Harmony Grants AMA

Hey ser you could literally see much more good projects that either didn’t got reply back or that got delayed than any other thing
Again I have the sensation you don’t understand I don’t have power to give grants to anyone and I keep seeing you implying that - so I would appreciate either you to search a bit more or at least tag me for any clarification that I can help with

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According to this, you are on Harmony payroll 10 hours a week (or a month? Idk) starting 1st of May. In June, you applied for community DAO governor. Is it a conflict of interest holding these two positions simultaneously? Can you clarify?

NForesTs - Creating tokens to plant agroforests with local farmers. (I don’t really know what it does). One comment from moneyboss and yourself beginning of April. Boom, funded. Just like that, two months later or an hour ago, comment from OP that they are working on it.

Baturare DAO - ESG DAO with generative NFTs. Same story: litteboss and Biosensei only commenters “strong yes”. Funded. After pointing it out, you say “ser, you should do research”. Okay, you HAVE BEEN asked for clarification but it’s met with silence.

Piper DAO. Need I explain what happened afterwards? Yes, littlemoneyboss, cheaulex, Biosensei “strong yes”. It’s funded.

Pattern? I said projects you comment on are getting easily approved. If there is justification for it, SAY IT.

These are only examples searching for Biosensei. There are obviously more (I think it’s obvious, for anyone who spent time around at least) where these patterns with few individuals/beneficiaries repeat. Can these be clarified?

Hey look, Amy said moneyboss company has nothing to do with blu 3 DAO

Oh really?

How much funding, in total, through all means has blu3 DAO received? Why was the last tranche paid out when all DAO fundings were supposedly stopped?

I have said before already. I can’t be bothered and I don’t really actually expect an answer because the questions have been asked. Not just by me. And there never was a proper response. So any sane person can read between lines and knows what’s up. It’s a duck. :duck: Just don’t mention it. But then you get another reply “oh hey ser, not me, not me I get the sensation you didn’t research and don’t understand”. Then fu*ing EXPLAIN IT SO PEOPLE CAN UNDERSTAND.

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@lij @dpagan-harmony @giv

The more and more comments that I read both here and in other areas of the talk forum the clearer the sentiment becomes… There are those that are still angry for past/current mishandling and mismanagement of resources, and there are others that agree with the position of frugality moving forward. Ultimately, it is the decisions of the core team that guide us, with their consideration (hopefully) for the community and the long-terms goals that the chain needs to achieve in order to last. These two opinions are simply two sides of the same coin, and not every person will be happy with what decisions are made.

From a business perspective, I understand and I agree with the decision to halt the grant process. I think that it is a ‘no brainer’ to stop spending in areas that are not directly correlated with revenue generation/preservation. Whether the grant fund is tied to earnings for the protocol or not is an entire discussion in and of itself, but I will say this- long term, I believe that a properly managed grant program will yield strong financial results for the chain. Funding projects that can onboard new users and that can bring new money into the chain will help grow the ecosystem. Funding projects that hold user’s interest and amount to more user interaction with the Harmony ecosystem will benefit the chain long term. But the management of the grant program needs to be re-evaluated, strengthened, more decentralized. Why not issue loans instead of massive grants?

Another thing that I believe would make the treasury stronger would be to focus on purchasing assets rather than liabilities. Focus a portion of the treasury that would be allocated to 300M grants and swallow up income producing assets. Then, use the income/ interests yielded from the assets (which bear value themselves) to fund the grants. Simple strategies like this produce healthier long-term investments and would be sustainable- even in a bear market.

The decision that I believe is hurting our community most of all is that projects which worked hard to meet their milestones are not being funded, and that DAO governors/ elected officials have been working without pay. This is bad business. I know that it is easy to decide not to pay a debt, but you cannot run an honest business without paying what is due. I highly recommend that the core team collaborate with those that are owed (not entitled), whom have met their required milestones or duties, and produce a payment plan. Literally anything but a statement that you are halting payments would be better than the current situation. All of these issues can be fixed, the community loves the space, but how you run this business will determine how the family reacts…

Moving forward, I suggest that the grant process be changed more thoroughly to a sustainable model, which uses a portion of the treasury to fund projects that earn and attract. This portion should yield through its investments and should not be a bad debt in the eyes of the treasury manager. If it continues to be, it must be adjusted in a preventative manner, not a reactionary one like it is now.

Again, thank you for spending the time to read these comments and for directing our voices to a specified platform. Would there be a productive way to have elected community members and members of the core team discuss these decisions and community issues on stage, in a friendly and conducive manner?

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And there are those who are in both camps

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Harmony team, thank you for making the changes on grants/partnerships. Please keep on building to make Harmony One chain as one of the best. :pray: :sparkling_heart:

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The fact that you are so blind you didn’t saw a year difference on this posts where you say I’m a contributor and also wanted to be on the community dao makes me wonder if I should keep replying or if it’s just a troll at this point
I’m open to any questions but it seems like you are more prone to insinuating
Hopefully members from the community will say something that helps clarify- but that right I was here on the first election for the community dao
Straight from no where in Portugal one year ago
Most OG know how much I put into bring good projects and collaboration in between the ecosystem help find scammers and rugers lol

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Thank you @giv and @dpagan-harmony for standing up and taking the heat even though I’m fairly confident this is not a decision either of you made. You are both class acts and represent the best of Harmony. True leaders face the music, admit fault, and work with those affected to make the best out of tough situations.

If I’m being honest, I’ve felt a sinking feeling in my gut and a little bit depressed about everything I’ve worked towards lately. It has nothing to do with market conditions either. I’ve taken my responsibility being on the CDAO seriously. I’ve always been honest with my efforts to represent Harmony well and have tried to be eternally optimistic. I’ve always tried to work my time efficiently to justify the billed hours, which have never come close to representing the actual time and effort spent trying to support a community that has, quite honestly, felt neglected by the team much of this year. I’ve put myself out there so much to support Harmony to the point that many think I work directly for Harmony (even in this post I have been tagged as if I am involved in the grants process).

The reason for my sinking feeling is that I feel 100% disposable by the very entity that I have basically dedicated my life to for over a year now. Communication has never seemed to be important (with the exception of those that began this thread). There has seemingly never been much consideration by the true decision makers at the top for how their inaction or lack of communication has affected the lives of those left hanging. Being encouraged to carry on while decisions are pending or simply ignored has become the norm. You can see many examples of this all over the forums. This is a stressful way to maintain productivity and a positive attitude, yet I have tried to do that throughout this time and many would back that up. I thought the time I was dedicating would be rewarded. I justified the many hours spent to my wife and kids with Harmony’s statement that governors should get paid and being encouraged to carry on while decisions were pending. If going into this had been made out to be a voluntary pro bono position, I might’ve taken it less seriously and maybe put in 5 hours a week instead of the many 15/20+ hour weeks. I just hope Harmony leadership understands that there are real people with families on the other end of these decisions that are affected by the choice to leave us hanging. I told my wife last week that I probably won’t receive any compensation for the past few months and if she were writing this response, it would probably be much more harsh. I continue to dedicate my time to the CDAO, though, and will do so until the end of the month when my term ends. The community deserves it. The community is and always has been Harmony’s greatest asset. It’s just unfortunate that so many of us feel abandoned after this decision. It’s the loyal harmony fam that is paying the price for the poor choices of those we’ve put our faith in.

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Yes, a troll, that’s all :woman_shrugging:

Thank you for choosing Harmony

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Don’t even know what to respond to this, I can just say that I completely feel this, like so many people before us. It’s extremely sad.

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All I can say here @Biosensei , is that through the time working with you when you served as a Community DAO governor, all I seen from you was a deep passion for Harmony and a love for the community and it’s progression, following this the work you did with Portugal DAO was amazing and some of the events you guys organised was some of the best I have seen for bringing in talent to the ecosystem.

I have always, and still have complete faith that your heart is in the right place and will remain that way. I can’t speak of the things being mentioned here, but from what I know of you, I understand that you wouldn’t stand for those things if you were aware of them, let alone support them.

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Evening @giv @dpagan-harmony @lij,

I just got done listening to Harmony’s Hand on from yesterday.

Li started off with saying we are in a down trend market which is correct and we would all agree.
Funding has stopped. Which we all are in agreeance with.

Li ends by saying Harmony has outside investments that would give ONE ‘years’ of runway if needed.

If that IS THE CASE, why has Harmony created an EXIT STRATEGY that ends with a house team meetup in Mid December? I have asked this question well over 10 times across talk forum and reddit yet have gotten no response.

Can someone finally address Harmony’s EXIT STRATEGY? If it ends in December than I take it Harmony is not willing to sell its ‘own’ investments to save its ecosystem?

As a business owner and CPA. You are actually putting more people on your team and payroll ‘Amy, Novell, AI, etc’ all while continuing to not pay for previous DAOs? Why? It makes ZERO BUSINESS SENSE!

So since we are aware of Harmony’s exit strategy. What is going to happen to the unlocked coins that will be released to founders starting Nov 2022? It looks like 59M ONE will be released in Nov and Dec. Can you acknowledge and respond to that?

With all due respect @lij, did you seriously think your investors and community would not see what you are doing? The favoritism you and Stephen Tse have been showing to only a small minority of owners? You preach ‘inclusive’ while separating an extremely high portion of your investor base?

You told Peter to go read a book about DAO’s. Hell it looks like every Harmony team member needs to read a book about, ‘How to create a sustainable business’ ‘How to communicate as a manager’ ‘How to take ownership’

I don’t think any of the Harmony core team knows what a DAO is much less how to create one. You have team members on your payroll that switch titles and positions more than a game of musical chairs.

You have become so tunnel-vision that you are creating ‘guilds’ out of nowhere. How about for your own EMPLOYEES sake, Just call them staff members, managers, etc. This cute verbiage lingo has gotten you nowhere.

Lastly, Li has NEVER acknowledged a post of mine on here. It is time to face the music as you personally have ‘stopped’ the music. Your piss poor mismanagement of treasury would have you fired at every single private equity firm, retail, accounting, financial sector that I can think of.

You seriously got the balls and ego to state quote for quote “The treasury is in good shape”
Bro, you failed miserably and should be fired!

What happened to that CFO position you guys been talking about for months now? Where is he/she at?
You can’t hire a CFO, outside marketing manager, communications manager. But you can damn sure add Amy Soon, Novell and her husband AI to your payroll.

You are running your own blockchain into the dirt.

I don’t care what anyone says about the failures for ONE.

WE WILL ALWAYS REMEMBER THIS:

No communication
No plans
No vision
No oversight
No treasury intuition

Be a leader for once in your life. You and Stephen Tse should be on here answering for what the ‘BOTH OF YOU’ have done to this ecosystem.

Its not Giv, Daniel, Devin, Peter, Sam, etc RESPONSIBILITY to come on here and respond for what you created!

You put everyone single one of these people in a position to fail! I am tired of giving @dpagan-harmony so much hell because he doesnt deserve it.

The guy has been telling you for months what was happening and you ignored him. Hell, you probably told him to go get educated or read a book. Wouldn’t be surprised if you called it your go to ‘conspiracy theory’

GIV- If you got any financial background. I would be more than happy to help you land a job at my firm here in FL. Nice pay, beautiful beaches and NO STATE TAX :slight_smile:

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Amen. I see @lij is crafting a response , looking forward to a direct answer and not a corporative go around to the question .

On another note I feel your suffering @amartay1986 . There’s been so much shit flying around the project for a while , hopefully soon the shit will settle down and with that we will be able to clear the image of the Harmony One brand.

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Dear Team,

I know times are hard. I know things are scary. I understand you want to put your head down and build. But, as I have said before, if you do not get on this and move, there won’t be anything to put your head down to. Come on guys! These are all people that have and are standing behind you. They are not here to tear you down, they are here to help.

Communicate!

Man, this is tough to watch. Trying my best to understand all perspectives and I think I’m coming to the conclusion that the root problem is really understanding what is going on. Communication has reached a bit of a breaking point and, instead of addressing that and making a pivot in our approach, each side is struggling to find common ground.

And I think one thing that’s really going to alleviate a lot of this is being honest with what’s been spent, what’s in the bank, if it was in fact an honest omission to not consider the grant payouts that had already been promised, etc. Verbosity/eloquence isn’t required as it shouldn’t take more than a few minutes to provide that kind of verbal report. As a PM, we were expected to know our numbers without consultation; I wouldn’t expect this to be any different.

Getting past that first step, at least the developers/community can have a better idea of where they stand because, frankly, looks to me like they’re being left out to dry. Will they recover? Sure, but they’re not going to be grateful to Harmony for it and neither are their communities.

I hope we all just want to figure out what’s needed to get this off the stack, get as many people happy as possible, and continue being the forward-thinking chain we all believe ourselves to be. But right now we kinda need to figure this out.

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@stse is time to wake up!

You are destroying the community!

Harmony without the community is nothing!

This community was the best of the world. Now? You can see by yourself.

I’m sad to see community members fighting because you did a lot of mistakes.

Community members are leaving, team members too.

When do you will understand the problem is not the bear market but the consequences of a chaotic management?

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Reading all the comments is making very sad. I hope we get some answers from Li

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@lij,
Let me give you a little bit about myself in case you think I am here for some non payment.

Actually, I am running for the CDAO governor position KNOWING I won’t be given a single dime!

Last I checked, I was leading in votes for the position. What a coincidence!

People RESPECT, TRUST and WORK HARD for those that show they care about their employees.

That’s what caring and passion looks like. That is what leadership looks like.

Knowing that I am going into a DAO with no funds, no vision but not giving a damn because I can endure tough conversations and tough questioning.

Who is going to put a dime into this ecosystem when it is very apparent the CEOs can’t handle the heat when things get tough?

What kind of LEADER puts their employees in harms way knowing they aren’t the ones that got you to where you are? Look in the mirror @lij @stse

A three minute video every 4 months isn’t cutting it Stephen!

I am going to end with this…

ZIL management completely abandoned the project months ago and look at its price compared to ONE.

Let that sink in everyone! ZIL had ZERO management and still has a higher priced coin than ONE!

Extremely sad and devastated 2 year Harmony ONE holder!

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Hey @amartay1986, my reply below is lengthy so as you read it, please know I’m coming from a place to try to clarify and move forward together while adding some context.

We can disagree on a number of your points, but I’d like to explain one topic in particular, we have been working on Harmony since late 2017 / early 2018. We wrote a vision for the next 4 years “Harmony in 2026: Scaling Web3 via ZKP & DAO”: Harmony in 2026: Scaling Web3 via ZKP & DAO and Vision-Mission-Strategy & Traction-Milestone-Roadmap. We wrote out many more strategies on our open development page. It’s currently our best effort to keep building for the coming years.

With regards to “an EXIT STRATEGY that ends with a house team meetup in Mid December” - yes, we are planning to have a team offsite this December. We did one last December too. We have quarterly offsite/onsite every quarter where the team squeezes into an Airbnb house and some of us chose to sleep on couches and sleeping bags. You can ask Flu, Globey, Rachel, StrongMind, and so many people who came to these offsite/onsite how productive and energizing these gatherings are.

@amartay1986 In our “war mode” document, we talk about “Exit Criteria for Code Red”. Right now we are in code red to build traction as a team and deliver upgrades to core protocol, bridges, and applications. Our “Exit Criteria” are requirements which must be met to complete a specific task.

See below our criteria for executing during this war mode. Our Mid December offsite is specifically to bring the team and our close family together to reflect on the progress this year.

- June 1 to 30th: 15% growth ([Ycombinator’s benchmark](https://www.ycombinator.com/library/1k-benchmarks) is 20% monthly)
- By 9/1: publish 1.15^3 = 50% growth as a Messari’s Q2 Report
- By 11/11 Annual Conference: 1.15^5 = 100% growth
- Mid Dec: celebrate with core team and family at offsite

Allow me to add some clarification on Amy, Novell and Al. Amy and Novell are not on our payroll. Al is one of our contributors who received 4 Strong Yes from 4 teammates in our Q2 review. This is completely transparent to the community and fair evaluation by 4 teammates. I feel it’s unfair to project frustrations in their direction.

We will progressively decentralize. You may have different expectations about building a company but that’s ok - we are not a traditional company but an open development project. That said, I feel we can have a constructive conversation around our plans on decentralization.

We understand your frustration, though I feel it may be sourced from some missing context. We may not have done everything you wanted, or even everything we wrote down that we wanted. We wanted to do more as well but right now we have to keep adjusting our strategy to build in a changing market. We encourage the community to say anything they feel is constructive here, but I also hope we can help clarify the full context and any misunderstandings.

@amartay1986 To wrap this up. I won’t always be physically able to respond to every message like this here - there’s 1 of me and some very large number of community members which is a good thing, but I do hope you can read our open development website where we explain as much as possible: https://open.harmony.one. You may not agree on all of the initiatives past, present and future, but we’ll keep doing our best to build.

I do hope this adds some context and clarification. I do understand these are difficult times and we want to acknowledge your frustration. While I can’t respond to every message and haven’t replied to you before, I’ll work on engaging more with our community on this forum and Twitter. On a personal note, I’m glad you are enjoying the FL sunshine. I grew up in Atlanta and went to Florida many times with my parents. Next time in FL, I’ll buy you a coffee and we’ll chat more.

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@lij,
Look man. You wrote a lot about nothing!
My expectations for myself are high. I have high expectations for what I invest in (not just financially)

You did not respond to 1 SINGLE bit of criticism about YOU! Is it really that tough for you to not admit when you screw up?

Zero acknowledgement.

You completely dogged my question about your quote “Harmony has outside investments that give us years of runway” if that is the case. Why code red? Why create an exit strategy at all?

I bet in 2021 you didn’t have an exit strategy to end with house party, right?

Amy- paid $50k by @stse to write a book about Harmony.

Amy, Novell and AI created a fake company and markets it like they are partnered with ONE.
Which they are not!

Tell me…What partnerships have Novell and Amy brought to Harmony? Who have they educated that is now building on Harmony’s ecosystem?

Where is the CFO? Where is all the money?

Do you really expect a CPA to believe Harmony, which started well below 1 cent. Then went all the way up to 38 cent in late 2021 and Jan 2022, has no major profits from that? I am calling BS.

Again, you are willing to comment on very select topics.

This isn’t 2017 or 2018. Those were probably the good days for Harmony when building.
We are now in radically racist, self serving, DAO discriminatory, holding pay hostage Harmony.

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Ships sinking core team is readying the life boats don’t want to tell the peasants so they can’t sneak on the life rafts. Y’all ever watch the Titanic??

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