ParaSwap Delegate Incentives Program (Cycle 1) - Application Thread

[SEEDGov]

Delegate Cap Reached — Tie-Breaker Rule Applied

As of today, there are 15 delegates currently participating in the Delegate Incentive Program, with the recent application from @todayindefi, the number of applicants rises to 16, exceeding the maximum of 15 total delegates defined in PIP-58.

Accordingly, in our role as Program Manager of the Delegate Program, we’ve activated the tie-breaker provisions outlined in PIP-58, which were specifically designed to address situations like this:

@SEEDGov

Tie Breaker: If, at the start of the program, more than 10 eligible delegates apply, or if, when applications reopen at the program’s midpoint, 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.

The first tie-breaking criterion is based on voting participation over the last 9 months. We’ve collected data from Velora Snapshot portal to determine how many votes were held in Velora between October 22, 2024, and July 22, 2025 (a total of 26 votes), and how many of those each applicant delegate participated in order to prioritized the 15 delegates with the highest voting participation. This is the result:

Delegate	Votes in the last 9 months – 26 proposals submitted to a vote
Citizen42	25
PGov	25
Jameskbh	24
Ignas	24
Mehdi	24
Boardroom	24
Arana Digital	24
Avantgarde	23
Curia	25
WakeUp Labs	17
0xAlex	21
Sov	19
DAOplomats	22
Tané	17
Argonaut	18
Today in DeFi Research	13

The full dataset—including vote counts, links, end dates, and participation data for each of the 26 votes—is available in this public spreadsheet.

Since the tie-breaker was resolved with the first criterion, it was not necessary to proceed with the second and third criteria.

As a result, and in accordance with the tie-breaker methodology, Today in DeFi Research is the delegate with the lowest voting participation rate over the evaluated period and, therefore, will not be admitted into the program at this time.

We remind all delegates and the broader community that Cycle 1 of the Delegate Incentive Program ends on August 31. In the coming days, we will open a discussion regarding its potential renewal and any improvements that could be made for a possible Cycle 2.

Thanks.