404 DAO Delegate Platform

Delegation Pitch
9

Rationale for Votes Occurring in December

Snapshot

  1. Uniswap DAO Principles

    1. Proposal: Link
    2. Vote: For
    3. Rationale: We voted FOR this proposal. The proposed principles, categorized into the broad areas of “processual principles,” “conduct-related principles,” and “structural principles,” are strong complements to the existing DAO Code of Conduct. We support these principles potentially shaping a future DAO Constitution and integrating with initiatives like the Delegate Rewards Program and the Treasury Delegation Program.

  2. Adopt The SEAL Safe Harbor Agreement

    1. Proposal: Link
    2. Vote: For
    3. Rationale: We voted FOR this proposal. We support initiatives that enhance protocol security and protect user funds. Specifically, this proposal covers possible fund recovery during active exploits, a critical area not covered in Uniswap’s Bug Bounty Program.

  3. Scale Uniswap Liquidity on Celo

    1. Proposal: Link
    2. Vote: For
    3. Rationale: We voted FOR this proposal. Celo’s proposal aligns with other incentive packages we have supported. While we acknowledge the dissenting concerns about the quality of the metrics presented, such as transaction volume and active addresses, we find the team’s responses to these questions satisfactory. Additionally, we appreciate Stabila Foundation’s incentive matching and are eager to see the outcomes of this incentive package.

  4. Metal L2: Bridging TradFi and DeFi Through Uniswap V3

    1. Proposal: Link
    2. Vote: Against
    3. Rationale: We voted AGAINST this proposal. Despite Metal’s launch on the OP Superchain and its range of payment products, the chain’s usage metrics are surprisingly low. This raises concerns, leading us to vote against the incentive package.

  5. Discretionary Budget from UAC for Co-Incentive Campaigns

    1. Proposal: Link
    2. Vote: For
    3. Rationale: We voted FOR this proposal. We support the discretionary use of surplus UAC funds for operational needs, such as incentivizing LPs or traders, to streamline the negotiation and terms process. However, we strongly urge the AlphaGrowth team to maintain full transparency with the DAO regarding the specific allocation and use of these surplus funds.

  6. Incentive Package for Sonic (Formerly Fantom)

    1. Proposal: Link
    2. Vote: We voted For 250k incentive match.
    3. Rationale: We voted FOR the 250k incentive match. While we initially approached the rebranding from Fantom to Sonic with caution, we appreciate Sonic’s commitment to matching 250k in incentives. We are also satisfied with the chain’s TVL and volume metrics.

Tally

NA