The new “Meet the Delegates'' series by the governance ambassadors helps the dYdX community to get to know their delegates! Following up on the first episode on featuring Alucard and AX07, we have Moe_L for this episode, who is an Endorsed Delegate for the dYdX community!
Unfortunately, there was an issue with the discord recording, so this blog will run through an introduction to Moe_L, his background, and his involvement in the dYdX community.
Delegation provides an opportunity for more community members to get involved with governance, and when you delegate the voting power of your tokens, you retain 100% ownership of the token itself. There are no changes to the way you use or hold the token. You can choose anyone who you believe will participate in dYdX governance and can represent what you want this ecosystem to become.
Currently, $DYDX and stk$DYDX holders have control over market listings, capital allocations to market makers, allocation of the community treasury, and much more (see the full list of governance parameters here). Community-controlled governance parameters will increase in the future, and competent delegates are essential to push the dYdX protocol forward.
If you hold DYDX and/or stkDYDX but have no time to review proposals, or you don't have enough information about potential delegates, consider delegating the proposing power and/or voting power of your tokens to an Endorsed Delegate to support decentralization and better decision-making on the dYdX protocol. You can review the Endorsed Delegate's profiles and pitches here and delegate voting power and prosing power here.
In the second episode of this series, the governance ambassadors had Moe_L present a background of himself and answer questions from the community.
Moe_L is a long-time dYdX community member, and he shared his background in crypto, his experience with dYdX in the early days, and how he got to be an Endorsed Delegate for the dYdX community. Moe_L has a background in TradFi onboarding, sales, and operations.
Moe_L is also an active trader, is a key advocate and proponent for decentralization, and takes part in the governance of the dYdX protocol.
Moe_L's main skills as an Endorsed Delegate are:
Daily discord community engagement
Participate in AMAs and Hedgies community events
Active bounty contributor
Active contributor towards learning spaces (see strategy ideas channel on Discord as an example)
Various contributions to product feedback, community engagement campaigns and technical development suggestions
The future is in decentralization. The biggest issue for me in the DAO/ Governance is the centralization of voting power in the protocol to just a few “whallets”. Instead of the current Feudal-like system, there should be a Democracy that decides for the DAO.
I will keep my efforts on raising awareness of governance democratization and keep contributing to different proposals and threads. Be it governance, onboarding, or/and providing platform feedback, I'll keep myself engaged.
Legitimacy & Disclaimer
dYdX Foundation’s purpose is to support and grow the dYdX protocol ecosystem by enabling communities, developers, and decentralized governance.
Nothing in this post should be used or considered as legal, financial, tax, or any other advice, nor as an instruction or invitation to act by anyone. The dYdX community is sovereign to make decisions freely from time to time, in accordance with the governance rules, principles, and mechanisms adopted by the dYdX DAO. Community discussion and interaction on the contents of this post are encouraged. The dYdX Foundation does not directly participate in governance decisions to be made by the dYdX community, including, without limitation, by making and/or voting on governance proposals. The dYdX Foundation may change, update or complement its analysis or opinions expressed in this post in the future and assumes no obligation to publicly disclose any such change or update. This post is solely based on the information available to the dYdX Foundation at the time it is made and should only be read and taken into consideration at the time it is made and on the basis of the circumstances that surround it.
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