Vote on Treasury Withdrawal - Blockfrost - Maintenance and Next Generation Indexing

I am voting to ABSTAIN on the governance action with hash 73e171a4c0730b4b59ecae271ab89f12a9d56360b02920e1f95107dbdc1d6762#7.

The metadata for my vote is located here, and this blog serves as a more human-readable form of that justification.

Justification

I have had discussions in the past, and have a reasonable expectation, of Sundae Labs being an external vendor that could help with the delivery of this proposal. Thus, I must abstain.

That being said, I believe the proposal is a good one, with the caveat that I am forced to mentally penalize it due to being an omnibus proposal.

It funds public good infrastructure in the form of Project Cayley and the blockfrost free tier.

Lack of public funding for the would force blockfrost to raise prices on other customers to subsidize the free tier, or remove the free tier entirely. Both, in my opinion, would cause more than the $900k asked for. Additionally, the $900k cost is within a reasonable range, if on the higher end of the spectrum, for what such infrastructure and staff are likely to cost.

With regards to Ceyley, I believe the proposed indexing structure is a good one, and directly addresses the need for the first category of public spending. By reducing infrastructure costs, Blockfrost makes the free tier more sustainable and self funding, and more decentralized and robust.