Thank you for working on this proposal. I want to share more context on the updated terms KPK shared here. These terms are the result of discussions between KPK and Gnosis LTD. They are trying to address the concerns, which were also shared here: overpaying for a service that has not been performing as expected.
In terms of the pricing, the fees paid for the services rendered are considered market rate with the expectation for a further price reduction in about a year, thanks to much-needed efficiency improvements.
In terms of performance, KPIs have been defined. If the KPIs are not met, the service should be terminated. In the instance of the underperforming EURe pool, KPK has paid GnosisDAO $100k in GNO as compensation.
While I am personally in favour of continuing with KPK under the new terms, there has to be consensus in the DAO on how to proceed. I expect a snapshot proposal, and I will personally withhold from voting.
While I agree with all the issues mentioned here, I can also see the motivation in KPK to improve and live up to the expectations of token holders. GnosisDAO is holding about 10% of KPK. I am in favour of fixing issues instead of terminating ventures. However, not indefinitely. I see this as the last proposal. Either it works out or it doesn’t.