The last CPS round only catered for ~$196k in proposals. It seems the current bench mark for certain projects is $45k-60k. This means at the current $ICX valuation CPS can only cater for around 3-5 projects at a time and there doesn’t seem to be room for other projects to go ahead.
I suppose projects at that valuation could possibly apply for half the amount for half the time, just to allow other projects to get up and running?
I also see issues with cps proposals:
lack of prototypes - high valuations given to teams without anything to show that they can actually deliver. Inexperience is fine, but where is the prototype?
overvaluation for certain tasks - we are better off as a community burning the ICX (or storing for BTP incentives) instead of paying x20. We can maybe counter this by having standards of how much it really costs for x-task.
cps should not pay regardless of the outcome. Your work ethic should pay for your success. Many projects on other chains start off without funding. Maybe we can work on a system where a portion of cps fund gets paid on succesful launch?
CPS projects to open source and contribute back to the community.