Ignas - Delegate Platform

Delegation
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1. Basic Info

  • Name: Ignas
  • Delegate Address: ignasdefi.eth | 0x3DDC7d25c7a1dc381443e491Bbf1Caa8928A05B0
  • Snapshot Delegation Profile Page: Snapshot
  • Contact Information - X (Twitter): x.com

2. Intro

I’m Ignas, a solo researcher with the main focus on DeFi. My mission is to provide clear, in-depth insights helping my audiences stay up-to-date with the latest trends while actively supporting DAO development.

I believe in the decentralized future and it means actively participating in Paraswap DAO in every way I can—whether it’s by serving as a delegate, joining working groups, discussing any proposals or seizing new opportunities that come up. I’ll also be sharing key DAO decisions on X and my blog.

3. Driver and Values

Currently, DeFi DAOs face several internal issues, such as voter apathy leading to governance attacks, insider voting, and voting concentration among a few active voting addresses. Additionally, they face external challenges like regulatory uncertainty.

I believe in a decentralized future, even if it seems naive. However, the current state of crypto is plagued by misaligned incentives that prioritize short-term speculative gains over the core DeFi values of self-sovereignty and custody.

Equally concerning is the trend of McKinsification in DAOs, where decisions are increasingly made by one or two professional consultant delegates. This discourages individual participation, as their opinions and votes have less impact.

To make DeFi DAOs viable, we must align incentives to encourage active participation in governance from the broader crypto community. I believe that community must be at the core of every DAO. Without giving the community a say in protocol governance, we’re no better than the Web2 companies we aim to replace—companies that view their “community” merely as users to extract value from.

I will support initiatives that align token holders with the protocol, such as revenue sharing or other methods to bring value to the token. Token holders are frustrated with exploitative tokenomics that only benefit early insiders who acquired tokens at much lower prices, leaving no upside for new investors. Without incentives to buy and hold tokens, the attractiveness and health of DAOs decline.

I’m committed to keeping the Paraswap community informed with regular, transparent updates. I’ll provide clear insights into my voting choices and reasoning to ensure everyone understands the direction we’re headed and why.

4. COI Disclosure

I am the co-founder of Pink Brains, an organization dedicated to promoting various crypto projects through educational content. You can find more info about us here: pinkbrains | Twitter | Linktree.

I’m a delegate for Lido, Instadapp, Arbitrum, Aave, Uniswap, Optimism Collective,… I plan to apply as a delegate to other DAOs soon, with the same mission of strengthening them and aligning token holders with the protocol.

I always make appropriate disclosures and recuse myself from voting when necessary.

3 Likes
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  1. Proposal: PIP-54- Delegate Program Trial Period (Snapshot)
  • Date Voted: November 22, 2024
  • Vote: For
  • Rationale: I voted “for” this proposal and I’m really happy to be part of the Paraswap delegate program. Huge thanks to Seedgov for putting this together and make Paraswap even more decentralized!
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2. Proposal: PIP-55- Reward Mechanism Automation (Snapshot)

  • Date Voted: December 17, 2024
  • Vote: For
  • Rationale: Every DAO needs to cut down on manual work and make everything run faster and more smoothly. It also helps keep reward and gas refund processes decentralized and transparent. I’m all for it and voted yes
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3. Proposal: PIP-56: Implementation of Project Miró Roadmap and Migration (Snapshot)

  • Date Voted: December 18, 2024
  • Vote: For
  • Rationale: Voting yes, obviously. Broadening the token allocation to the Foundation and the DAO is also a good change from the first proposal as it give more flexibility to adapt in this fast moving industry. Shared to my X, feel free to check it out - x.com
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4. Proposal: PIP-57 - PIP Lifecycle Improvements (Snapshot)

  • Date Voted: January 21, 2025
  • Vote: For
  • Rationale: I voted in favor on Snapshot. Thanks to Seedgov for taking the time and effort to put this together. With this, DAO will have a clearer and more transparent governance process, encourage more community participation and collaboration.
1 Like
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Date Voted: January 29, 2025

5. Proposal: [GRANT REQUEST] OAK Research Grant Proposal (Snapshot)

  • Vote: Against

  • Rationale: I appreciate OAK Research’s effort to help the community better understand Paraswap’s growth. That said, for a grant funding proposal, I was expecting more details, but it seems like a lot is missing or doesn’t make sense:

    The $7.5K cost isn’t much I think, but OAK should have a clear commitment on the results to convince DAOs to spend the money. Such as: what are the expected outcomes? How much exposure? How will social engagement grow?…

    I think a funded partner could raise concerns about the objectivity of the reports. The community could raise concerns about this.

    OAK doesn’t have many followers on X, so I think announcements or updates from this account won’t reach many users.

Voted Against on snapshot.

6. Proposal: PEP-08: Upgrade Module End-of-Life Strategy (Snapshot)

  • Vote: For
  • Rationale: Obviously voted For on Snapshot :). The proposal keeps things stable during the transition, and there’s no cost (since the PSP is just borrowed from the DAO treasury and once the upgrade’s done, it gets returned)
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7. Proposal: PIP-58 - ParaSwap Delegate Incentives Program - Cycle 1 (Snapshot)

  • Date Voted: February 25, 2025

  • Vote: For

  • Rationale: Happy to be a part of this first cycle. I voted for this initiative on snapshot.

    I believe this program will contribute to a more decentralized governance structure and drive more engagement within Paraswap DAO.

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8. Proposal: PIP-59: Proposal for Returning 40.203 wETH to Bybit (After 10% Bounty Deduction) (Snapshot)

  • Date Voted: March 15, 2025

  • Vote: For

  • Rationale: I voted YES on returning 40.203 wETH to Bybit (after the 10% bounty deduction).

    This does set a precedent for DeFi, but it reflects our commitment to ethical responsibility. Returning the funds shows that we stand with industry players and maintain good relationships with them.

    The amount isn’t significant, but this is a valuable lesson for ParaSwap and the DeFi space as a whole.

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9. Proposal: PIP-60 - Expansion of Project Miro token and staking system to Base (Snapshot)

  • Date Voted: March 31, 2025

  • Vote: For

  • Rationale: Expanding the ParaSwap token to Base is a smart move, given its current market position. This move can attract more users, improve liquidity, and enhance staking opportunities.

    The proposal also includes an audit, which helps address potential security concerns. While implementation details can always be refined, the overall direction aligns with ParaSwap’s growth strategy.

    See more thoughts PIP-60 - Expansion of Project Miro token and staking system to Base - #13 by Ignas

    I support this proposal.

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10. Proposal: PIP-61: Increase Quorum Threshold (Snapshot)

  • Date Voted: April 11, 2025

  • Vote: For

  • Rationale: I support increasing the quorum threshold to 6% as a balanced approach to strengthening governance without making participation overly difficult. So voted for on Snapshot.

    The DIP actively encouraging more voter engagement, so 6% is a reasonable adjustment that aligns with ParaSwap DAO’s growth.

    This proposal also can support decentralization by requiring wider agreement on key decisions and preventing power concentration.

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11. Proposal: PIP-62 - Velora Governance Task Force (Snapshot)

  • Date Voted: April 14, 2025

  • Vote: For

  • Rationale: Voting yes. I think this proposal isn’t just about hiring contributors, it’s about institutionalizing Velora’s governance with the right expertise. :slight_smile: Seed has already shown they know how to take DAO processes from reactive to proactive with clear structures.

    The payment model also stands out. It balances fixed operational support with performance-based incentives tied to actual protocol revenue, not too much, not too little. That creates alignment without overcommitting DAO funds.