Mehdi - Delegate Platform

zkMehdi Delegate

Introduction

This is Mehdi. I’ve been in the crypto space since 2018 and have contributed significantly as an OG at Hashflow, the pioneer of intent-centric DEXs. Currently, I serve as a Delegate at Arbitrum DAO and Wormhole DAO while also contributing to Bebop DEX. As an early user of Paraswap protocol, I am deeply familiar with its ecosystem. With my extensive experience across multiple DEXs, I would like to nominate myself as a Paraswap Delegate to help drive the growth of Paraswap DAO and its protocol.

What motivated me to step forward as a delegate is the incredible dedication of the Paraswap core team. Over the years, they have consistently improved the product, weathered criticism since the TGE, and emerged as one of the most sustainable protocols in the space.

Driver and Core Values:

  • Community Alignment:A key value is ensuring that the success of the Paraswap protocol benefits all stakeholders, including token holders. This means working to align the protocol’s growth with the performance of $PSP, fostering fairness and value creation for the community.
  • Growth:Our approach centers on sustainable growth for the Paraswap protocol. This involves strategically allocating resources to ensure maximum efficiency and value creation.
  • Transparency: Transparency is fundamental to our values. We are committed to providing clear, concise reasoning for every vote and decision, fostering trust within the community.

Conflicts of Interest:

In case of a conflict of interest, I will make an announcement and abstain from voting.

Proposal: PIP-56: Implementation of Project Miró Roadmap and Migration

Vote: For

Reasoning: Project Miro is one of the biggest upgrades in ParaSwap’s history, expanding beyond a simple aggregator. By integrating intents into the product and transitioning to an intent-centric model, it will keep the ParaSwap protocol a competitive Product.

Proposal: PIP-57 - PIP Lifecycle Improvements

Vote: For

Reasoning: voted in favor as it improves the governance efficiency of the DAO.

Proposal: [GRANT REQUEST] OAK Research Grant Proposal

Vote: Against

Reasoning: The proposal is a mix of research and marketing for both the DAO and the protocol. After reviewing their previous articles and research, I am not convinced that the quality of their work justifies approving their requested grant, which is quite high.

On the marketing side, they are primarily active within their native community, particularly the French community, rather than at an international level. Even after reducing the requested budget to $7,500 with no $PSP bonus, I remain unconvinced about approving the budget.

Finally, while I appreciate their efforts in supporting the DAO, if we are going to allocate funds for data analysis, I would prefer other research companies to participate and establish a long-term partnership with us.

Proposal: PEP-08: Upgrade Module End-of-Life Strategy

Vote: For

Reasoning: Voted in favor. As part of the Project Miró upgrades under PIP-56, it will enhance the user experience (UX) of token migration for sePSP1 stakers. No additional budget is required, as it is only a loan of $PSP, which will be returned to the DAO treasury.

Proposal: PIP-58 - ParaSwap Delegate Incentives Program - Cycle 1
Vote: For
Rationale: Voted in favor of the proposal for the following reasons:

  • The program proposed by SeedGov has been successfully implemented in Arbitrum governance for nearly a year now. As a participant in that program, I have seen firsthand how well it works in practice.
  • The proposed budget is fair and reasonable, and it effectively incentivizes delegates to dedicate time to the DAO.

My comments on the proposal

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

Vote: For

Rationale: This decision is a complete trade-off, and I don’t believe we should risk a potential legal case against the DAO, contributors, and voters by keeping illicit funds. Since there is no framework in place for handling such requests yet, returning the funds is the most logical choice.

Of course, this could set a precedent for future cases requesting fund returns. To prevent similar situations, the most neutral approach would be to address this issue through tokenomics and the automation of reward distributions.

My Comment On the Proposal

Proposal: PIP-60 - Expansion of Project Miro token and staking system to Base
Vote: For

Rationale: The Requested budget is Fair, and using volatile tokens like $FTM— which do not significantly Contribute to treasury diversification—is a smart choice.

Expanding to Base, a leading Layer 2 in terms of TVL, hype, and technology (with a 200ms block time), also makes sense. It enables small stakers to earn staking rewards without worrying about Ethereum mainnet gas costs.

My Comment on the Proposal

Proposal: PIP-61: Increase Quorum Threshold

Vote: For

Rationale: Due to a significant increase in DAO activity and voting participation, it is wise to raise the quorum. We support increasing the threshold to 6% rather than 8%. Incrementally adjusting the quorum is advisable as DAO activity continues to grow.

My Comment on the Proposal

Proposal: PIP-62 - Velora Governance Task Force
Vote: For
Rationale: I envision SeedGov, as the Governance Task Force, bringing valuable service to the DAO by steering it and addressing governance gaps in various areas.
His prior contributions to ParaSwap and valuable experience in other DAOs, including active involvement in Arbitrum, prove that electing him carries low risk. The budget is also fair and reasonable. My only concern, which I’m actively tracking, is their efforts toward the protocol’s growth.
My Comment on the Proposal: