May Participants
For the May 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, 12 proposals have been submitted to vote with a closing date until May 31, 2025:
1.- PIP-58 - ParaSwap Delegate Incentives Program - Cycle 1
2.- PIP-59: Proposal for Returning 40.203 wETH to Bybit (After 10% Bounty Deduction)
3.- PIP-60 - Expansion of Project Miro token and staking system to Base
4.- PIP-61: Increase Quorum Threshold
5.- PIP-62 - Velora Governance Task Force
6.- Gas Refunds distribution for Epoch 29
7.- Rewards distribution for Epoch 29
9.- Velora Growth Committee (VGC) - Election Season 1
10.- Rewards distribution for Epoch 30
11.- PIP-64: Formalisation of Laita Labs as a Service Provider
12.- Gas Refunds distribution for Epoch 30
It is important to note that only those proposals that ended between March 01 and May 31 were counted.
Snapshot Voting
From these 12 proposals, 4 of them were closed in the course of May:
9.- Velora Growth Committee (VGC) - Election Season 1
10.- Rewards distribution for Epoch 30
11.- PIP-64: Formalisation of Laita Labs as a Service Provider
12.- Gas Refunds distribution for Epoch 30
It is important to note that only those proposals that ended beetween May 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.
April 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 - May 2025 - Dashboard
Of all 9 delegates participating in this first DIP stage, 8 were eligible to receive compensation.
- Tier 1: 2 delegates (22.22%)
- Tier 2: 5 delegates (55.55%)
- Tier 3: 1 delegates (11.11%)
- Out of tiers: 1 delegate (11.11%)
The price of the PSP token at the time of publishing this post, according to CoinGeko, is $ 0.0181
*Price set on June 05 approximately 9:30 pm UTC
| Delegate | TIER | P USD | P PSP |
|---|---|---|---|
| Citizen42 | 2 | 2,000.00 | 110,497 |
| PGov | 2 | 2,000.00 | 110,497 |
| Jameskbh | 2 | 2,000.00 | 110,497 |
| Ignas | - | 0.00 | 0.00 |
| Mehdi | 1 | 2,500.00 | 138,121 |
| Boardroom | 3 | 1,500.00 | 82,873 |
| Arana Digital | 2 | 2,000.00 | 110,497 |
| Avantgarde | 2 | 2,000.00 | 110,497 |
| Curia | 1 | 2,500.00 | 138,121 |
The total cost destined for the DIP this month will be $16,500 equivalent to 911.600 PSP.
The total cost accumulated destined for the DIP since the start of the Cycle 1 in March 2025 is $55,000, for a total accumulated so far of 3.287.560 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 July.
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.
New Tiers from June
As announced on May 21st, the new Tier structure will come into effect starting this June.
Additionally, new contributions made by delegates will now be considered under the “Delegates’ Feedback” parameter, so to this end, delegates who believe they have made such contributions can share with us, by the last day of each month, the proof of their public contribution..
Reminder
Delegates who do not participate from March will have the opportunity to apply for the program in the reopened application thread that 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!
Thanks!