March 2025 Participants
For the March 2025 iteration of the program, there are 9 participating delegates. You can see the first application results here.
Parameters Breakdown
The specifications, parameters, formulas and calculation method can be found here.
Participation Rate
During the last 90 days, 5 proposals have been submitted to vote with a closing date until 31st March 2025:
1- PIP-57 - PIP Lifecycle Improvements
2.- [GRANT REQUEST] OAK Research Grant Proposal
3.- PEP-08: Upgrade Module End-of-Life Strategy
4.- PIP-58 - ParaSwap Delegate Incentives Program - Cycle 1
5.- PIP-59: Proposal for Returning 40.203 wETH to Bybit (After 10% Bounty Deduction)
It is important to note that only those proposals that ended between 01 January and 31 March were counted.
Snapshot Voting
From these 5 proposals, 2 of them were closed in the course of March:
4.- PIP-58 - ParaSwap Delegate Incentives Program - Cycle 1
5.- PIP-59: Proposal for Returning 40.203 wETH to Bybit (After 10% Bounty Deduction)
It is important to note that only those proposals that ended beetween 01 al 31 March 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 this month 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, as well as contributions to the PGWG, all based on the specified parameters, which are evaluated, detailed and reported in the corresponding spreadsheet.
March 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 - March 2025 - Dashboard
Of all 9 delegates participating in this first DIP stage, 8 were eligible to receive compensation.
- Tier 1: 4 delegates (44.44%)
- Tier 2: 4 delegates (44.44%)
- Tier 3: O delegates (0.00%)
- Out of tiers: 1 delegate (11.11%)
The price of the PSP token at the time of publishing this post, according to CoinGeko, is $0.0172
Price set on April 4 approximately 5:45 pm UTC
| Delegate | TIER | P USD | P PSP |
|---|---|---|---|
| Citizen42 | 1 | 2,500.00 | 145,349 |
| PGov | 2 | 2,000.00 | 116,279 |
| Jameskbh | 1 | 2,500.00 | 145,349 |
| Ignas | 1 | 2,500.00 | 145,349 |
| Mehdi | 1 | 2,500.00 | 145,349 |
| Boardroom | 2 | 2,000.00 | 116,279 |
| Arana Digital | 2 | 2,000.00 | 116,279 |
| Avantgarde | 2 | 2,000.00 | 116,279 |
| Curia | - | 0.00 | 0 |
The total cost destined for the DIP this month will be $18,000 equivalent to 1.046,512 PSP.
The total cost accumulated destined for the DIP since the start of the Cycle 1 in March 2025 is $18,000, for a total accumulated so far of 1.046,512 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 five days of May.
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.
Reminder
Delegates who do not participate from March will have the opportunity to apply for the program in the application thread we will open at the beginning of month 4 - June 2025 - and will remain open until the end of the program, allowing delegates to apply at any time as long as they meet the eligibility requirements.
We track the participation of all delegates presented in the forum and publish the data in the DIP spreadsheet so that each non-participating delegate can monitor their participation metrics.
So keep participating and stay engaged!
Program Refinement
In this first month of the DIP, we have identified some inconsistencies that we aim to address in order to refine it. We are currently evaluating potential improvements. Our goal is to refine the program to better fulfill its primary objective: incentivising high-quality participation and ensuring that delegates are fairly compensated based on the quality of their contributions.
Accordingly, we will make use of the faculties and responsibilities that have been granted to us in our role as Program Manager:
We will post an update in this thread once the transfers have been made.
Thanks!