After a week for submissions we have six great delegates nominated: (sorted alphabetically)
0xd15co
Braden
Eureka
Ham
R72
Zeb
We’re finalizing the delegation amounts in the next three days.
Each delegate should choose two DTFs to focus on, while coordinating to achieve good coverage. Given his contributions in the past we’d suggest @ham to cover ETH+ and eUSD (given he agrees, of course).
What will delegates do?
For this initial run, the job is straightforward:
Vote on DTF governance proposals such as basket changes, parameter updates, contract upgrades for the DTFs they are delegated on.
Post a rationale for every vote in their delegate thread on the forum.
When DTFs move to optimistic governance comes online, delegates will shift from “vote on everything” to “watch everything, veto what’s bad.” For optimistic governance delegates will express why they didn’t veto and what they liked about a proposal in their rationals, instead.
How will performance be measured?
Base compensation: $250 / month in $RSR.
A socket-level amount meant to recognize real time governance participation, not to make delegation a career. It’s in line with the reality that professional delegate compensation across DeFi has collapsed and that mercenary incentives do more harm than good.
Performance requirements to receive compensation:
Minimum 90% vote participation across all proposals on delegated products.
100% of votes cast must include a posted rationale in the delegate’s forum thread.
Meaningful forum engagement, measured by read time and likes received.
Consequences for underperformance:
After one month of failing to meet requirements: a warning.
After two consecutive months: undelegation and removal from the recognized delegates tier.
Trial Run duration
The delegate program will run for an initial three months, starting April 1, and end on June 30.
Anode will publish monthly analytics and a report about the overall effect of the delegate program in the beginning of June. This would give the community about a month to decide how to iterate on the program and to vote on continuation.
Other trial run parameters
As decided by the forum polls, the trial run will:
Delegate equal amounts to each delegate in each of the two DTFs they choose to cover.
Allow newcomers to participate since no minimum forum tenure is required (hi @Eureka)
Not have a Snapshot poll for overall ratifiaction, since a forum poll was deemed sufficient
Not have a confetti.win contest , since no delegate race is necessary
Next steps
Determine delegation amounts
Delegates to pick DTFs to cover
ABC/CC to delegate to the six delegates
Delegates to do delegate things (see above)
Confirming the trial run with the above set of six initial delegates via forum poll.
Do you confirm the inital trial run as outlined above?
Full send. Thanks for leading this to execution @Raphael_Anode.
I would like to flag that given the current governance cadence on most DTFs, even if a single vote is missed they could fall well below the minimum vote participation requirement. A warning goes a long way to mitigate this but puts a lot of pressure on for the next month. Let’s see how it comes out in the wash in the trail run.
Great work getting this trial started. Exciting to see the momentum.
Governance has a choice: move slower with thoughtful, deeper actions, or faster with lighter ones.
My hope is we prioritize depth and substance. Over the past year, frequent eUSD changes strained community bandwidth without improving growth or safety. I share this as a reminder so we can build on what we’ve learned and avoid repeating it.
If we want people off the sidelines and into the game, the work benefits from feeling accessible and meaningful, without overwhelming contributors. On this latter point I am speaking toward to growing participation outside of paid delegates.
“Nothing draws a crowd quite like a crowd.” – P. T. Barnum
This makes me extremely bullish on the Reserve Delegates. Emergent self-organization is actually a surprisingly hard hurdle to pass, that I threw in there on purpose
That’s a valid point, and is the case in plenty of other DAOs as well. We can introduce “Jokers” or “Get out of Jail free” points to offset occasional misses… Will re-evaluate this after the three months mark.
@ham can I move you delegate thread into the Delegate Platforms category?
Do we have any requirement in terms of the reporting cadence? (e.g. weekly, bi-weekly, monthly, etc.)
I’d suggest not going lower than monthly for now, meaning we report once a month at most, to avoid creating too much overhead when there might not be significant updates every week.
At least monthly, since we’re doing monthly evaluations. From personal experience it’s usually easiest to do it at the time of voting, when the context is fresh and the writing is easy.
I think the word report is used loosely here and wouldn’t generate anything formally. Just a case of updating your delegation platform as and when you vote on IPs stating how and why you voted. My delegation platform might support you with a template before you find your own path.
100% this. Just a short explanation of why you voted the way you did, so delegators can check whether the delegate is aligned with their intention. Also to inform forum readers on how delegates think, this can be very informative. I certainly learn a ton by reading rationales.
, since no delegate race is necessary
