August Participants
For the August 2025 iteration of the program, there are 15 participating delegates. You can see the first application results here and the reopening process starting with this post.
Parameters Breakdown
The specifications, parameters, formulas and calculation method can be found here.
Participation Rate
During the last 90 days, 12 proposals have been submitted to vote with a closing date until August 31, 2025:
1.- Rewards distribution for Epoch 31
2.- Gas Refunds distribution for Epoch 31
3.- PIP-65 - Enhancing Predictability in VeloraDAO Governance
4.- PIP-66 - Deprecation of the Governance Committee
5.- PIP-67: Project Miro - Deployment of VLR on BSC
6.- Rewards distribution for Epoch 32
7.- Gas Refunds distribution for Epoch 32
8.- Gas Refunds distribution for Epoch 33
9.- Rewards distribution for Epoch 33
10.- PIP-68 - Upgrade VeloraDAO’s space to Snapshot Pro
11.- PIP-69 - Velora Treasury Management
12.- PIP-70 - Velora Contributors Program (VCP) - Cycle 2 Renewal
It is important to note that only those proposals that ended between June 01 and August 31 were counted.
Snapshot Voting
From these 12 proposals, 5 of them were closed in the course of August:
8.- Gas Refunds distribution for Epoch 33
9.- Rewards distribution for Epoch 33
10.- PIP-68 - Upgrade VeloraDAO’s space to Snapshot Pro
11.- PIP-69 - Velora Treasury Management
12.- PIP-70 - Velora Contributors Program (VCP) - Cycle 2 Renewal
It is important to note that only those proposals that ended between August01 and August 31 were counted.
Communicating Rationale
Vote justification for the above-mentioned month’s proposals.
It is important to note that only rationales posted in each Delegate Threads within seven days after the end of each vote were counted.
Delegates’ Feedback
We have analysed each delegate’s activity and participation performance, not only in the forum, but also in the delegates’ telegram group, all based on the specified parameters, which are evaluated, detailed and reported in the corresponding spreadsheet.
IMPORTANT: In accordance with the Delegate Activation Program for Content Production launched and completed in August, and based on its results, the 6 delegates who made contributions have been taken into account when evaluating their performance, gaining access to an additional higher compensation tier when applicable.
August results
You can see the dashboard with the results and the detail of each parameter according to the activity of each delegate in this public spreadsheet: DIP - August 2025 - Dashboard
Of all 15 delegates participating in this first DIP stage, 15 were eligible to receive compensation (100.00%).
- Tier 1: 5 delegates (33.33%)
- Tier 2: 4 delegates (26.66%)
- Tier 3: 5 delegates (33.33%)
- Tier 4: 1 delegates (00.66%)
- Out of tiers: 0 delegate (00.00%)
The price of the PSP token at the time of publishing this post, according to CoinGeko, is $ 0.02228
Price set on August 05 approximately 07:30 pm UTC
| Delegate | TIER | P USD | P PSP |
|---|---|---|---|
| Citizen42 | 4 | 1,000 | 44,883 |
| PGov | 1 | 2,500 | 112,208 |
| Jameskbh | 1 | 2,500 | 112,208 |
| Ignas | 1 | 2,500 | 112,208 |
| Mehdi | 2 | 2,000 | 89,767 |
| Boardroom | 3 | 1,500 | 67,325 |
| Arana Digital | 3 | 1,500 | 67,325 |
| Avantgarde | 3 | 1,500 | 67,325 |
| Curia | 2 | 2,000 | 89,767 |
| WakeUp Labs | 1 | 2,500 | 112,208 |
| 0xAlex | 3 | 1,500 | 67,325 |
| Sov | 2 | 2,000 | 89,767 |
| DAOplomats | 1 | 2,500 | 112,208 |
| Tané | 2 | 2,000 | 89,767 |
| Argonaut | 3 | 1,500 | 67,325 |
The total cost destined for the DIP this month will be $ 29,000 equivalent to 1,301,616 PSP.
The total cost accumulated destined for the DIP since the start of the Cycle 1 in March 2025 is $130,00, for a total accumulated of 6,778,441 PSP.
Payments
According to the provisions, compensation are denominated in USD and will be made in PSP tokens - or in the future new token it may eventually migrate to in accordance with Project Miro - on a monthly basis but with a 30-day vesting.
Based on this, payments will be executed to each eligible delegation wallet within the first days of September.
We suggest and encourage delegates to put the amount of compensation to receive into sePSP2 staking, which will benefit the protocol and the price of the token, as well as benefiting the delegate by receiving rewards in ETH and increasing their voting power.
End of Cycle 1 and Next Steps
August marked the six and final last month of Cycle 1 of the Delegate Program.
Starting in September, and for the next six months until February 2026, the parameters approved in PIP-70 will be applied to the Velora Contributor Program (VGC) - Cycle 2.
Thanks!
Edit to original post: The post has been edited to correct the mistake of assigning DAOplomats to Tier 2 when, according to the DIP - August 2025 - Dashboard, it should have been assigned to Tier 1.