July Participants
For the July 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 July 31, 2025:
1.- Velora Growth Committee (VGC) - Election Season 1
2.- Rewards distribution for Epoch 30
3.- PIP-64: Formalisation of Laita Labs as a Service Provider
4.- Gas Refunds distribution for Epoch 30
5.- Rewards distribution for Epoch 31
6.- Gas Refunds distribution for Epoch 31
7.- PIP-65 - Enhancing Predictability in VeloraDAO Governance
8.- PIP-66 - Deprecation of the Governance Committee
9.- PIP-67: Project Miro - Deployment of VLR on BSC
10.- Rewards distribution for Epoch 32
12.- Gas Refunds distribution for Epoch 32
It is important to note that only those proposals that ended between May 01 and July 31 were counted.
Snapshot Voting
From these 12 proposals, 3 of them were closed in the course of July:
9.- PIP-67: Project Miro - Deployment of VLR on BSC
10.- Rewards distribution for Epoch 32
12.- Gas Refunds distribution for Epoch 32
It is important to note that only those proposals that ended beetween July 01 to 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.
July 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 - July 2025 - Dashboard
Of all 15 delegates participating in this first DIP stage, 14 were eligible to receive compensation (93.33%).
- Tier 1: 1 delegates (6.66%)
- Tier 2: 6 delegates (40.00%)
- Tier 3: 4 delegates (26.66%)
- Tier 4: 3 delegates (20%)
- Out of tiers: 1 delegate (6.66%)
The price of the PSP token at the time of publishing this post, according to CoinGeko, is $ 0.02253
Price set on July 05 approximately 9:30 pm UTC
| Delegate | TIER | P USD | P PSP |
|---|---|---|---|
| Citizen42 | 1 | 2,500 | 110,963 |
| PGov | 2 | 2,000 | 88,771 |
| Jameskbh | 2 | 2,000 | 88,771 |
| Ignas | 3 | 1,500 | 66,578 |
| Mehdi | 2 | 2,000 | 88,771 |
| Boardroom | 2 | 2,000 | 88,771 |
| Arana Digital | 3 | 1,500 | 66,578 |
| Avantgarde | 2 | 2,000 | 88,771 |
| Curia | 3 | 1,500 | 66,578 |
| WakeUp Labs | 4 | 1,000 | 44,385 |
| 0xAlex | 4 | 1,000 | 44,385 |
| Sov | - | 0.00 | 0.00 |
| DAOplomats | 4 | 1,000 | 44,385 |
| Tané | 2 | 2,000 | 88,771 |
| Argonaut | 3 | 1,500 | 66,578 |
The total cost destined for the DIP this month will be $ 23,500 equivalent to 1,043,056 PSP.
The total cost accumulated destined for the DIP since the start of the Cycle 1 in March 2025 is $101,00, for a total accumulated so far of 5,476,825 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
July marked the fifth month of Cycle 1 of the Delegate Program, which means the current month of August is the sixth and final month as originally approved.
We are currently evaluating the program’s performance metrics and will present our findings in the forum in the coming days, along with a proposal to renew the program for a second cycle. This proposal will likely include some suggested modifications for the community to consider.
Thanks!
