Public Repo Proposal Has Passed — What Does It Mean For SpiritSwap?
Hello dear Spiritors, hopefully everyone is doing great!
This has been a great week so far for both SpiritSwap and the Fantom ecosystem in general. This positive week can be attributed to various things but one key factor was definitely the articles that Andre Cronje has been releasing. We shared his insight in an article for our users right here. Please note that this will be a recurring theme as we will be releasing articles each week so that our community can stay updated on various DeFi topics.
This past week has been great for SpiritSwap as well. With the ongoing World Cup event and various bug fixes implemented, it was a week of improvement for the DAO. And the DAO also voted on a proposal this week, which met the quorum with 131M approval votes. The proposal was about making the SpiritSwap front-end open to the public. But what does this proposal mean? What does the future hold for SpiritSwap now that this proposal has passed? We are here to break it down to our community. This week’s article will be about the proposal and the meaning of it.
The proposal suggested that SpiritSwap’s repo should be public and should be available for anyone who’d like to contribute. This proposal makes the job easy for the contributors from the community and removes a huge obstacle on their way. Now, in true DAO fashion, any DAO member would be able to contribute to the codebase since the codes are public. The contributions will be reviewed by other DAO members and our multi-sigs who are informed on the developing side to ensure that the contributions are safe and secure. This will create a potential dialogue environment and people can actually create a product on top of SpiritSwap’s infrastructure or help the platform to stay bug-free. As we have seen from the previous proposals, there has been an active demand from other teams to contribute to the codebase and provide additions such as Orbs and RevenantLabs. We’re making the way for other teams/DAO members to do the same with the approval of this proposal.
This, of course, would come with a tradeoff. The dev team has worked on building SpiritSwap V2 from scratch for months and has done a remarkable job. Making the IP public would mean that the code can be used anywhere, and you might see a number of SpiritSwap forks in the near future. At first glance, this could mean that months of hard work is now public, freely used by other developers, but would this really be a deal breaker? Getting forked and used as a base for other projects shows the potential of your creative work shared for all who have a vision of decentralization in the future. We believe within the current conditions and the set back the crypto industry has suffered, we also need to cooperate as builders in DeFi, not only compete. If we were to help the other teams with our codebase and get publicity from it, we can count on it as a net positive for us and the ecosystem in general.
As previously stated, we believe that EVERYONE has an inner DeFi SPIRIT, and we’re urging every DAO member who’d like to contribute to the DAO to do it, now that the repo is live. The proposal has met the quorum with 130,975,668.42 votes to approve on 28th of November 21:45 UTC. You can re-read the proposal from this link if you have not done it yet. And as always, we would like to thank you all for participating!
See you in the next articles, have a great week!!
SpiritDAO
