Thanks for the reply. I warned about the lack of projects back in Nov, 22: Shimmer Community Treasury Grant Committee - Version 2 - #7 by schimpi
It is exactly what happened.
So what happened?
Most of your funding was for content creation when there actually was nothing to create content about.
One example would be the funding of Everything Tangle who created a video (https://twitter.com/allthingstangle/status/1663447536265478144)) about the amazing Firefly Wallet, when a few weeks later Firefly mobile was discontinued.
An alarming development that recently came to my attention is the endorsement of Coordinape for content creators (link: https://www.tangletreasury.org/proposal-detailed?recordId=rec63EFEcvAWD6BNP). This initiative has taken an unfortunate turn, leading to a perplexing cycle where only a handful of individuals seem to be rewarding each other with SMR consistently. This situation has resulted in minimal to no actual value being generated for the overall ecosystem, which is already facing stagnation. Compounding the issue is the indiscriminate dumping of SMR tokens onto us, the dedicated hodlers, further eroding the token’s value.
If I wanted to do a proposal, what would be the steps?