TrueFi & Wallfacer Labs: Chapter 2.5

[ryan.rodenbaugh]

We appreciate the ongoing discussion, but we want to clarify Wallfacer’s role and value to the DAO. Our position extends far beyond that of a simple outsourced contractor; we are an integrated team committed to delivering value to users and customers.

We’ve been transparent about our flexible, value-focused approach:

@WallfacerLabs

Disclaimer: Everything above is subject to input and change. We do use this as our internal roadmap to guide what we work on, but if/when new things emerge, we often make the decision to work on the most important, high impact projects, driven by what users and the community ask for.

Since our first proposal, we have based our proposals around the value we offer to the DAO. From Wallfacer’s first post:

@WallfacerLabs

While (if approved) we will immediately bring additional engineering headcount directly into Wallfacer, the focus of this proposal is really around what Wallfacer intends to accomplish.

This flexibility has been acknowledged in prior discussions. However, the recent conversations, particularly regarding Chapter 3, seem to have shifted towards a bidding war for the lowest-cost contractor. This approach doesn’t align with our working relationship with the DAO.

Wallfacer has filled a critical role by excitedly stepping up in the past when other teams stepped away from contributing to the protocol. While we’ve defined our responsibilities well, brought in new partners, and communicated with stakeholders, the dynamic nature of our work often requires us to adapt to emerging, higher value opportunities. We proactively seek feedback on priorities and remain open to suggestions, though we’ve rarely received actionable input on alternative focus areas.

Our engagement is analogous to a startup team, encompassing broad responsibilities in product development, engineering, and business development. While we’re open to other teams taking on specific aspects, we believe our comprehensive approach provides the best value for TrueFi.

If the DAO seeks a team for strictly predefined tasks, we may not be the ideal fit. However, we also don’t believe that is the best outcome for the DAO as no one else has been able to define what the alternative highest-value work would be.

Whether with 3 people or our current team of nearly 10, we assert that our unique position, extensive experience, and proven track record make us the best-suited team to continue driving TrueFi’s progress for at least the next three months and beyond. We remain committed to delivering the highest value possible to TrueFi and its community.