[TFIP-23] - TrueFi Operational Expense Request Discourse

Proposals
23

Hello cp0x,

With respect to legal and compliance fees, the team has been engaging best in class legal council as many legal decisions are not clear when engaging in innovation on the bleeding edge. We want to ensure we have the proper entity structure, governance, and documentation (E.g., Legal Opinions on the token) when setting up the Polaris entities as well as ongoing structuring of TrueFi. Otherwise, there might be unintended consequences on the backend we will end up paying for regardless.

Most of the allotted budget is going to Polaris with respect to that line item and will be repaid in full. I want to reiterate that the Polaris initiative will be bringing significant TVL to TrueFi and will be within the ecosystem.

4 Likes
24

Thanks, everybody, for the great feedback. We will be submitting an updated proposal in the next day that reflects the thoughts from the community. Hopefully the work we have done together over the last few days planning, will lead to a successful next quarter.

3 Likes