I’m fully aligned with this take. The scale of dilution here, combined with the lack of quorum requirements, makes this proposal really hard to justify as-is. If we’re talking about minting this amount of new S, the process has to be bulletproof and backed by clear buy-in from both stkS voters and the wider holder base.
The governance design itself is extremely slanted. Right now, the community is basically forced to choose between:
a) accepting a basket of major changes in one shot, or
b) rejecting everything.
Each of these ideas—massive token mint, treasury allocation for U.S. ops, FeeM redistribution—could and should be weighed individually in separate votes. That way the community can support the parts that make sense, while rejecting or reworking others. As it stands, this structure feels engineered to push controversial elements through by tying them to unrelated ones.
Bundling FeeM redistribution, changing validator/staker economics is an entirely separate governance question, and tying it to inflation just muddies the waters. Governance should be modular and transparent, not an all-or-nothing package.
On the U.S. expansion side, “PIPEs” and “ETF enablement” sound ambitious, but without commitments or legal clarity, they’re just marketing phrases. If we’re minting tokens to chase Wall Street capital, then show us the groundwork: term sheets, lock-ups, compliance opinions—something tangible. Otherwise, it looks like dilution now for a vague promise later.
I’d also echo the point about treasury usage: why is a separate mint required when we already have assets on hand? A transparent breakdown of projected U.S. costs would build trust, whereas “Sonic USA” without numbers looks arbitrary.
For me, this doesn’t feel ready for a final vote as well. It should go back to draft/tempCheck with quorum rules, unbundled topics, and proper disclosure.
Overall, this governance proposal feels falsely engineered towards steering to option 1 with a proliferation of buzzwords and little actual clarity.
It feels stacked and rushed. I’m also at a hard reject.