TL;DR: Reviving the SNS Framework
As SNS Management grantee, analyzing flaws (e.g., Neurons’ Fund pause via Proposal 135970) and proposing fixes for sustainability benefiting teams, participants, ICP network.
Core Vision
- Purpose: ICP stock exchange for tokenized problem-solving projects with governance via staked tokens.
- 10/10 Benefits: Teams compensated; investors gain value/rewards; network adoption.
- Ops/Goals: Doxxed teams, milestones, R&D updates; endless evolution.
- Neuron Fund: Bootstrap doxxed, open-source, network-enhancing projects.
- Participant Rights: Vote to monitor/influence, ensure accountability.
Failures
- Data: $80M raised (10.45M ICP); 11% left in treasuries ($9.3M / 2.97M ICP).
- Issues: Misappropriation (FuelEV rollback, ICFC drains, Seers rugs), 51% attacks, DAO wars; 90% benefit only teams. Exceptions: Kinic.
- Roots: Weak safeguards, misaligned incentives, no accountability, economic vulnerabilities.
- Impacts: Teams distracted; locked failing investments; network shrinkage.
- Cycle: Death spiral from depletion; fails DAO decentralization/autonomy.
- Trajectory: Runway ends in 6-12 months (e.g., ICPSwap bankruptcy ~Apr 2026); no treasury inflows.
Solutions
- Autonomy: Treasury Manager auto-8Y neuron for perpetual canister power (YAML cycles; NNS changes only).
- Balancer: Toggle for fee loops, outflow modes; TGCH-enhanced analyzer simulations.
- Balance: Fee splits (80/20 investors/treasury); milestone funding, NNS refunds on failure.
- Neuron Fund: Accelerator mentorship at DFINITY, guided resources (no direct cash).
- Protection: Share classes/Voting Manager limit early exploits, depreciate post-milestones.