The fundraise is going to the DAO’s treasury, not tLabs. I expect tLabs budget requests would represent only a portion of the amount raised. The Treasury Guild would be able to deploy the funds as it sees fit (e.g. to earn yield, etc.)
I sympathize with this but given the delays around the Schnorr upgrade and the invention of BitVM2, it is no longer clear to me there is a benefit to making the current honest-majority model permissionless in the near-term when a 1-of-N trust model is likely available.
Someone needs to do the work. I’m doing it for free, but I doubt anyone else will.
I think this more accurately describes the status quo than what is being proposed. In the case of tLabs, I will be responsible for employment decisions and the DAO will be responsible for whether or not to continue the engagement. Since I’m not receiving any payment and I (generally) don’t participate in governance anyways, that seems as clean as it can get, but I’m open to suggestions.