Proposal: Gas Refunds distribution for Epoch 32
Vote: For
Rationale: We used the verification tool to recalculate the computed tree root hash using the published refunds file versus the expected root. We’re happy to vote for this gas refund distribution proposal.
Proposal: Rewards distribution for Epoch 33
Vote: For
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Proposal: Gas Refunds distribution for Epoch 33
Vote: For
Rationale: Our rationales for previous reward distribution and gas refund proposals largely apply for this set of rewards distribution & gas refund proposals. WakeUp Labs’ communication surrounding this initiative remains strong and we’ve cross-validated the data.
Proposal: PIP-68 - Upgrade VeloraDAO’s space to Snapshot Pro
Vote: For
Rationale: As we noted in the forum discussion, we’re in favor of supporting this proposal. Upgrading Velora’s Snapshot avoids the downsides of all-or-nothing delegation systems and it can lead to a healthier distribution of voting power. The cost of $6000 USD for an annual subscription is relatively small and worth the investment in our eyes.
Proposal: PIP-69 - Velora Treasury Management
Vote: For
Rationale: We voted in favor of this proposal. From a first principles perspective, we think this is the right time for Velora to bring in a professional manager to systematically optimize the protocol’s treasury. Avantgarde has a proven track record and, on a personal level, we’ve worked with the team in the past and can vouch for their professionalism. We’re happy to support moving forward as-is.
Proposal: PIP-70 - Velora Contributors Program (VCP) - Cycle 2 Renewal
Vote: For
Rationale: The DIP Cycle 1 had a lot of successes on many fronts, so we’re happy to vote in favor of its continuation. Some delegates noted the increased complexity in this iteration (now “VCP”), but it’s overall a similar system with a more granular way of assessing delegates’ impact. We don’t see any major reasons to oppose moving forward. We see this less as a devaluation of core governance, and more as a reward system for outstanding delegate performance. Passive/core governance activities can be weighted less heavily in our eyes.
