Reopening of Applications for the DIP – Cycle 1
In accordance with the provisions of PIP-58 – ParaSwap Delegate Incentives Program – Cycle 1, approved by the DAO, the application process is now reopened for those interested in joining the Delegate Incentives Program - Cycle 1, until a total of 15 participants is reached.
Quota: Currently, there are 9 active delegations in the program. Therefore, applications will remain open until the end of the Cycle 1 of the DIP in August 31, 2025, or until 6 new delegations meeting the established eligibility requirements are onboarded — whichever comes first.
Requeriments: It is essential that delegates wishing to participate meet the following requeriments:
Tie Breaker: If the number of applicants exceeds the 15 available slots, the following criteria will be used to prioritize delegate selection:
- Priority will be given to the delegates who have cast the most votes in the last 9 months.
- In the event of a tie with the first tie-breaker criterion, ties will be decided by the date of the first vote that these applicants cast. The tie-breaking value will be determined based on the end date of the vote in which the delegates participated, not the date when the vote was cast.
- In the event that the tie persists further, the final decision will favor the delegates who were first to present their delegation platform.
Application: State in this thread your willingness to apply for the 6-month Delegate Incentives Program (Cycle 1). There is no pre-established formulas, it is sufficient any manifestation that undoubtedly externalises the willingness to apply.
Please inform the wallet in which you wish to receive the potential compensation if you meet the requirements for it.
Eligible delegates: In consideration that in the last 90 days (from March 01 to May 31) there have been 12 votes in the DAO, and according to the delegate participation metrics we have monitored, which are publicly available in Velora’s Snapshot space, and to be reported tomorrow in the monthly DIP results spreadsheets, the delegates who currently meet the stated requirements and may apply if they wish are:
- DAOplomats (≥ 1M PSP of Voting Power, ≥ 3 months age forum account, delegation platform and 12 votes/12 votings - 100%)
- 0xAlex (≥ 1M PSP of V.P., , ≥ 3 months age forum account, delegation platform and 12/12 votes - 100%)
- WakeUp Labs (≥ 1M PSP of V.P., ≥ 3 months age forum account, delegation platform and 10/12 votes - 83,33%)
- Sov (≥ 1M PSP of V.P., , ≥ 3 months 3 months age forum account, delegation platform and 12/12 votes - 100%)
- Tané (≥ 1M PSP of V.P., ≥ 3 months age forum account, delegation platform and 10/12 votes - 83,33%)
Delegates presented at the forum who do not currently meet the requirements:
- Argonaut (1,000 PSP of V.P., it does not meet the required minimum of 1M PSP, although it meets the rest of the requirements: ≥ 3 months age forum account, delegation platform and 11/12 votes - 91,66%)
- Venum (9/12 votes, 75% participation rate in voting in the last 90 days, it does not meet the minimum of 80%, although it meets the rest of the requirements: ≥ 1M PSP of V.P and ≥ 3 months age forum account and delegation platform).
Please note that those delegates who currently do not meet the eligibility requirements will be able to join the program later since applications will remain open until the end of the Cycle 1 in late August, so as soon as they meet the requirements, they are welcome to apply in this thread.
Important dates:
- Velora Delegate Incentives Program (Cycle 1) Start: March 1, 2025.
- Re-opening of application for delegates who meet the participation requirements at that time (until the maximum number of 15 delegates has been filled): From today until the end of the Cycle 1 of the DIP, or until 6 new delegations meeting the established eligibility requirements are onboarded — whichever comes first.
- Velora Delegate Incentives Program (Cycle 1) End: August 31, 2025.
Good luck to all those interested!