Authors
Qrayon Shinchan
Summary
The proposal seeks to stop direct funding for agentic AIs deployed on Fraxtal for two years due to prioritization concerns.
Background & Motivation
IQAI launched their AI tokenization platform late 2024. It is a platform where anyone can launch their own AI model, and if it is successful, it will get additional features like trading, utilizing social media etc.
Frax should take a early stance against funding such agents. Primarily due to two reasons.
- Frax should prioritize their funds to maximize the growth of frxUSD and our TVL
- Once we have set a precedence in funding a AI-agent, we might have unleashed Pandoras box where we will get many such proposals in governance. It will create unnecessary noise further slowing the mission of Frax.
Proposal Details:
Funding will be denied for 730 days from the day the proposal should pass, or until a new proposal and vote overturns this one.
Vote Outcomes
- Deny funding to all on-chain AI-Agents for the next 2 years.
- Do nothing