Yep, I got confused about the hiatus year.
Many promising projects started on Catalyst, as the lack of strong VC investment or alternative grant models in the Cardano ecosystem makes it the only viable option for many. Intersect Grants, in my view, is almost irrelevant at this point.
While Catalyst has funded hundreds of proposals, my experience since Fund 2 shows a recurring issue: underdelivery. This is a complex problem with no single cause. However, the introduction of milestone-based funding now provides better oversight and helps verification of the reputation of funded proposals.
Catalyst has faced problems from the start, and many persist. While some solutions are being implemented (Voices an an example), the slow pace of change has driven people away from both the project and the Cardano ecosystem.
If viable funding alternatives existed, I’d be less forgiving of Catalyst’s flaws. But private sector support for Cardano-based projects remains weak, and without Catalyst, the outlook seems bleak.
For years, some have suggested creating a competitor to Catalyst, but none have materialized.
We can complain about the network taxes being used to fund projects, of course, and it is natural that we seek to optimize the use of treasury resources. But what is the benefit for Cardano if we attack the only significant source of funding for project development?
Instead of simply blocking resources for Catalyst, I prefer the option of finding viable funding solutions and then, after there is competition, we can choose the best ones.
I do not believe that removing Catalyst from the scene would force people to find a solution, I believe that it would scare people away to other blockchains, in my view this would stagnate development on Cardano in a dangerous way.
Of course, all of this is just my personal opinion.