Why won’t the Tezos Foundation delegate their XTZ to community public bakers?
We do not currently have plans to shut down Foundation baking operations but this is a question that regularly comes up in Foundation deliberations, and is consistently being evaluated. The Foundation’s purpose is to support the Tezos ecosystem, and all baking rewards that the Foundation receives will eventually be used to further support the advancement of the Tezos project.
Are the engraved Ledgers gone?
No, there are still special edition Tezos-engraved Ledgers available, and the Ledger giveaway program is still open for fundraiser contributors who have activated their recommended allocations. If you would like to be eligible to receive one of the remaining Ledgers, you can find more information here.
What is the long-term funding plan for core development teams? Will they transition to protocol inflation funding over time or will they continue to be funded by the foundation or some mix?
Currently, core development teams are entirely funded by the Tezos Foundation. We work on several legal and operational questions surrounding protocol invoicing with different members of the Tezos ecosystem, including the core development teams. It is likely that once protocol invoicing begins, the Tezos Foundation will continue to subsidize the costs, at least initially. Long-term, our vision is to achieve a state where the core protocol development teams of Tezos are funded beyond the existence of the Foundation.
What method exists to ensure constant community voice in Tezos Foundation decisions?
The Tezos Foundation is part of the Tezos community and takes into consideration community feedback when making decisions. We are open for discussion and regularly interact with numerous ecosystem participants and frequently solicit feedback from the community. That being said, we are always seeking more ways to be transparent and inclusive of the community. If you have suggestions for how we can better ensure community voice in Foundation decisions, you can send them to [email protected]
What was the process and qualification criteria for election of current board members?
According to the Foundation Charter and in line with Swiss foundation law, the Foundation Council is responsible for electing its new members. Since the beginning of this year, the operational process for recruiting new Council and executive team members is delegated to the Nomination and Remuneration Committee of the Foundation, which makes initial suggestions of candidates based on criteria defined by the Council. Sourcing of candidates is supported by an international recruitment agency and candidates, on a case by case basis, are vetted by various external sources including key people within the Tezos ecosystem. As a general guideline in place since the beginning of this year, Council members, including the Council Chairperson, should be accomplished individuals with a solid professional track record in industries relevant to the Tezos ecosystem. In addition they should be financially independent and in the position to take an unbiased view on the Foundation and the Tezos ecosystem. The Executive Committee is elected by the Foundation Council, also as defined in the Foundation Charter. More information on the Foundation committees can be found here.
What process has the foundation put in place to ensure a grantee is completing the work as promised?
Grants are usually paid out in multiple installments. Such installments are subject to a payment schedule to ensure that predefined milestones are achieved. The Tezos Foundation controls payments and assesses milestone reports from grantees prior to follow-on payments. It may involve the technical advisory committee (TAC) in this process if technical assessments are needed. The Tezos Foundation may not distribute follow-on payments for projects that do not hit their deliverables.