About the silent majority
Looking at the data for the recent vote #110, approximately 1M LQ was used to vote, while ~3.5M LQ are currently staked.
→ This represents a participation rate of ~28%, meaning 72% of staked LQ did not vote.
Within this 72%, there exists a significant group of holders who stake, accumulate, and effectively “set and forget.”
I personally know several holders in this category. They hold LQ because they understand that Liqwid is a long-term play, and more importantly, a strategic leverage on the Cardano ecosystem and DeFi as a whole.
→ For these holders, what matters most is trust and confidence in the Liqwid Core Team.
They are largely indifferent to daily noise, short-term debates, or governance theatrics.
On the other hand, there is a small but very vocal minority that tends to dominate public discourse. This group is highly active and primarily focused on short-term advantages and value extraction, rather than long-term protocol health.
For context, I already warned about this dynamic on April 3, 2023, in the following post:
Now, 2.5 years later, events have unfortunately played out almost exactly as described, where a massive LQ inflation generated a drop in LQ price, a lack of trust in the market for new entrants, and let to the POL situation + these 2 latest votes. (yes, it could have turn out differently with more stablecoins earlier, but Liqwid does not control the game board).
Based on this experience, I am confident that the current strategic direction Liqwid is taking—moving toward financial sustainability with low LQ inflation—is the right course of action under today’s market conditions.
Regarding OTC / Direct Core Team Funding
Concerning an OTC arrangement (direct Core Team funding) you are mentioning, I have no issue organizing something similar to proposal #111 for transfers above ~$200k (exact terms to be discussed – I just speak for myself at the moment, would need to align internally).