RE: Magi Network DHF Proposal 2026

In general I support but over 300k seems steep, it is an expensive ask.

Also the immense growth in deliveries and code throughput sounds scary, is AI being used to speed things up? How was such an increase achieved? I ask it because so many DeFi platforms have been hacked in the past, magi sounds like a very important step towards reducing the need for centralized exchanges but it is also a reputational and financial risk when it comes to safety and security.

Increasing the delivery of code and features by hundreds of % sounds good but is not necessarily, specifically when it comes to DeFi it raises red flags in my mind.

Also, need more details on how the funds will be used. The fact that you plan to reduce it proportionally to rewards increasing aiming to get to zero is great, it is a huge green flag, but this positive in my view is dwarfed by the size of the funding asked and the risks of the business and the code/financial risk (I did not check the code myself)

Thank you for your feedback. We are fully aware that it will always be too much for someone, whatever is asked. That is simply expected which is why I invite anyone that holds that position, which can be or might not be justified, to actually look at what it is we are delivering and what our goals are.

Increasing the delivery of code and features by hundreds of % sounds good but is not necessarily, specifically when it comes to DeFi it raises red flags in my mind.

That is fair. But we are not adding code for the sake of adding code. These are all incredibly necessary additions related to infrastructure, all greenfield stuff. Our output in code will obviously drop over time once all the infra is built and focus moves onto business. We will be freezing greenfield development after the next round of feature releases for a few week at least to work on optimization. Thats when we expect significant liquidity to come in. That will be our focus. I think the roadmap reflects that due to the fact that we are not releasing all integrations at the same time even though the code is finished.

Also, need more details on how the funds will be used.

The core team is decently large and budget is in most part spent on the team, it slightly fluctuates due to how specific team members are paid (fixed, per hour) but that is almost entirely the budget with ofc servers, team nodes, certain services, Zk provers will account for most of the non team cost.

The fact that you plan to reduce it proportionally to rewards increasing aiming to get to zero is great, it is a huge green flag, but this positive in my view is dwarfed by the size of the funding asked.

I would respectfully disagree with this. And I am not talking here as the project lead. Im talking as a 8 year Hiver that put in thousands of hours of work into Hive for free to try and help this chain. Its how I even started with Magi, as an external volunteer.

Not only do I think the budget is easily justifiable but I think that spending 10x more DHF funds on projects like Magi, that aim for self-sufficiency, creating clear token demand that's not hype based should be the norm. Not a 1 off, like Magi is currently.

At least 50% of the DHF spending should go on projects like Magi. I want to see more of them. That is what we need. Maintenance and opensource DHF proposals will not make Hive relevant. They might make Hive better or more efficient, or whatever, and thats great, but they can never lift Hive up from the position in the market we are in.
Magi can do that. Those are the "bets" I want to be making with DHF funding.

And I definitely think we, as Magi, are the best bet anyone can make right now. We have shown we can deliver top tier crypto tech and know exactly what to achieve and how.
If we achieve what we set out to do, even to a small degree, any spending on Magi is justified. Wouldnt you agree?

Only thing to ask really, do you trust we can deliver or not? Thats what should mostly affect your choice to fund this or not, imo.