Kudos for the work that has gone into this! The level of detail is impressive and amount of consideration given is very apparent.
I do have one question and it’s really just a point of clarification in the accounting/numbers. In the V1 proposal, @Dmitriy_Berenzon noted in his reply that “In the genesis event, the treasury was allocated 52.5% of the total INDEX supply, of which approximately 41% remains.”
In this post, the image breaking down the initial allocation states “Community treasury = 52.5%, of which less than 2% has been delivered to core contributors.”
Assuming all numbers stated are correct, just wondering where the other ~9% of initial allocation to the treasury has been spent? Possibly the stablecoin diversification we executed? If so, that would make perfect sense - but if someone from @Finance could clarify, it would be much appreciated.