April Voting Update
[Temp Check] Treasury Delegation Round 2
Michigan Blockchain supports the treasury delegation program and voted for. We believe that distributing 18M UNI to 12 active and underrepresented delegates is a decisive step toward improving governance. While not strictly necessary, treasury delegation ensures a balanced and engaged governance ecosystem.
We support the proposal’s built-in expiration mechanism, which introduces 18-month delegation periods through ScopeLift’s smart contracts. Ideally a shorter period to allow for new delegates to apply and phase out those who are inactive. This prevents stagnation and allows for periodic reassessment. Those who fail to meet the standard can be removed. These requirements will ensure more active and responsible participation.
Allocation and election criteria remain areas of slight concern. Proportional allocation based on objective metrics would be ideal, although nearly impossible given the subjective nature of delegate decision-making. The more these ‘rate my contribution’ discussions arise, the more we think something similar to Arbitrum’s system could be valuable. We fully support a meritocratic system, but don’t think that means only deciding through data driven criteria. Sometimes the most meritocratically qualified candidate for a program is the one that brings subjective contributions.
Nevertheless, we support a structure where each accepted delegate receives at UNI capped at the 1.5 and 2M which is enough to post on-chain proposals. More voting power doesn’t unlock any ‘new perks’. Proposal writing should be included in the evaluation, as posting in the forum is permissionless and encouraged. Michigan Blockchain has previously sponsored proposals for delegates lacking voting power across multiple DAOs, and we will continue to do so to support smaller delegates.
- Mateo Membreno and Sam Lukashok
[TEMP CHECK] BoB Uniswap v3 Incentives Package
Michigan Blockchain supports the BoB incentives package. Obviously ETH mainnet is a focus, but we do not see this as cannibalistic for the DAO or Unichain since we are getting involved in a whole different ecosystem. We agree with the complementary approach to growth that alphagrowth is putting forward as part of the UGP, and it is hard to turn down the opportunity to become the canonical DEX on a top L2 with this much traction.
- Mateo Membreno