RE: Magi Network DHF Proposal 2026

Thanks for your reply ! I appreciate this is a technically complex piece of work, but could be hugely beneficial.

But your answer hasn't got any actual numbers in. If I'm making an investment in my business that could soak up a significant chunk of the balance sheet value, I expect to see, or work up myself if I'm doing most of the work) a detailed financial business case.

So I understand there's been no revenue so far, and get that revenue doesn't always happen during the development phase, although whenever I've spoken to venture capitalists, they always like to see a trial or limited early-stage release to at least establish the revenue potential.

I also get that you guys are developers rather than accountants ! So to helpfully help the process along, perhaps we can have a few key answers with numbers;

The first is, since this is really a multi-year project, what are the previous year actuals, current year request and anticipated future HBD grants from Hive ? I know some of those numbers for the future are already in the proposal, but what I am trying to get to is a number for the total figure, whether it's to Magi, VSC or any other group who have worked on this project ?
The second is, since this is clearly intended to benefit all of the various blockchains it links, how much have other blockchains, DAO's or whatever contributed ? Is it Hive solely funding this even though others will benefit as well ?
Third is, what are the anticipated levels of revenue, what are the projections of them scaling over time (and the anticipated costs in support, further development, bug patches etc), and how will these be split between the development team, Hive, and other blockchains ?
Finally, and this is one where a number probably can't be assigned but needs to be considered seriously; what evidence is there that this will deliver a net benefit to Hive's user base and market cap, rather than being just a way for Hive users to extract earnings to other blockchains ?

I appreciate I'm asking tough questions, but my intention isn't to be negative, it's to really understand the financials in order to be comfortable that this project really will benefit Hive and will be the best use of the funds provided compared to other proposals.

they always like to see a trial or limited early-stage release to at least establish the revenue potential.

Altera and the pools are live, we arent even early stage any more, we have proven what we can do.

anticipated future HBD grants from Hive ?

This is answered in the post.

and how will these be split between the development team, Hive, and other blockchains ?

There is no split between Hive or other blockchains. LPs, those that provide HBD liquidity and validators, those that bond Hive are primary earners.
Without the commitment in liquidity we are waiting for it is tough to anticipate revenue. What we need is between 1-3% of Thorchain daily volume to be selfsufficient and that would require significant HBD being bought and placed in pools.

what evidence is there that this will deliver a net benefit to Hive's user base and market cap, rather than being just a way for Hive users to extract earnings to other blockchains ?

The evidence is obvious and covered extensively inside the post. The second part reminds me of isolationism, that way of thinking is something i oppose completely and I dont think it warrants a discussion here. That is a discussion I do not think has a place in crypto. Its inherently defeatist and assuming it places us in a position of inferiority. And I do not think Hive is inferior to any other blockchain. Its a fundamentally different philosophy than I subscribe to.