PGM-34.2: Election of Paladin meta-governance delegates

TL;DR : Elect / Appoint a representative for each ecosystem (Aura, Convex & Aave), delegate them the underlying voting power in Warlord and Dullahan

Context & Rationale:
[Paladin’s dapps are set to accumulate a growing amount of meta-governance power. In order to strengthen the protocols they are built on, as well as create representation of its depositors, we believe it could be optimal to start using the governance power contained in these protocols.

All of this was approved by governance in a previous post: PGM-34: Appoint delegates to better represent our dapps in their respective ecosystem
Now we need to start the elections. All interested candidates are required to post in this thread, specify which protocol they want to represent Paladin in (can only be one), if they already are a delegate, how much voting power they already have (in numbers + percentage of quorum), a synthesis of their work / vision of said protocol and the address they want delegation to.

Technical needs :
Set delegation to the desginated adresses

Vote Options:
There will be 3 polls, one for each protocol, with all candidates that applied over the next 10 days.

3 Likes

Protocol: Aave
Voting Power in Aave: 15,285.24
Address for Delegation: stablelab.eth
Delegate Status: Active Delegate

Why should Paladin DAO delegate AAVE Governance Power to StableLab?

StableLab is the ideal candidate to represent Paladin DAO in the Aave DAO. As a Paladin DAO Delegate and Community Multi-Sig Signer, we are fully committed to executing the vision of Paladin Protocol. At Aave DAO, we have been an active contributor to governance since October 2022.

At StableLab, active governance participation is ingrained in our culture. This is evident through our comprehensive understanding and active engagement at every stage of the governance process. We vote on proposals and consistently communicate our vote rationale in our Forum Delegate Thread. Additionally, we demonstrate our commitment to improving the Paladin Governance Process by documenting the Paladin Governance Process here.

Our significant contributions to Aave DAO’s governance can be observed through our consistent efforts to document and improve the Aave Governance Process. The appointment of a delegate from the Paladin Community to represent the DAO in Aave necessitates a firm understanding of meta-governance. As a Governance Firm, StableLab is best suited to fulfil this role. Our team has the necessary context to leverage the Aave Protocol and its products to create value for the Paladin DAO.

In addition to supporting the Aave GHO liquidity pools proposal, which could possibly see an aspect of Aave’s Safety Module allocation being used to source BAL and AURA incentives through Warden Quest, we would represent Dullahan’s interest by participating and voting on measures related to the dApp.

How will StableLab be Held Accountable?

If entrusted with this delegation, we will initiate a dedicated Aave delegate forum thread to report our votes and provide the rationale behind our decisions in Aave Governance.

Additionally, we support the establishment of a designated channel on the Realm Discord to facilitate open communication with the community. To further strengthen transparency and engagement, we suggest organizing a biweekly Paladin Meta-Governance call. During this call, Paladin’s representatives in other DAOs (Aave, Convex, and Aura Finance) would come together and address the community. They would discuss their strategies for representing Paladin’s interests in those communities and delve into how their approach would ultimately generate value for the Paladin DAO.

Furthermore, we recommend that each Paladin Representative submit a monthly report on the Paladin Forum. This report will provide a detailed summary of the following:

  • Voting Participation rate, Communication rate, and Total number of votes cast within that month.
  • Number of proposals written in the advancement of Paladin DAO
  • Summary of prospective integrations or opportunities for value generation for Paladin DAO.

What is StableLab?

StableLab is a governance firm specializing in comprehensive services and products for DAOs. We work with numerous DeFi DAOs on Ethereum, propelling governance forward through active participation and research. Our work extends across major DeFi protocols such as MakerDAO, Optimism, Aave, 1inch, Balancer, Element, Compound, and Uniswap. We develop systematic frameworks for DAOs, encompassing governance methodologies, decentralized workforce, implementation, documentation, communication, and community engagement.

Our team’s diverse background brings a nuanced perspective to our work, derived from our extensive experience across the various protocols we contribute to.

1 Like

Protocol : Aave
Voting Power in Aave : 604.64
Address for Delegation : 0x2cc1ADE245020FC5AAE66Ad443e1F66e01c54Df1
Delegate Status : Active Delegate


TokenLogic <> Aave

Within the Aave ecosystem, TokenLogic is a recognised delegate, an Aave Guardian (represented by Matthew) and was recently voted by the community the winner of Butter’s 3 months incentivised delegate campaign.

More recently, TokenLogic published a forum post proposing the initial GHO Liquidity Pools. The publication considers the ability to integrate the BPTs into the Aave Safety Module which could lead to a portion of Aave’s SM budget being used to source BAL and AURA incentives via Warden Quest to improve the efficiency of the reward management. Details on the 6 part SM upgrade proposal can be found here. Warden boost was also proposed & added to the strategic asset manager contract being developed by Llama for Aave’s veBAL holdings.

Both Matthew and Dydymoon contribute to TokenLogic and Llama via the Llama <> Aave partnership. Matthew performs a Program Manager role at Llama via TokenLogic, whilst Dydymoon, is working as DeFi strategist at both places. Both individuals have been contributing to Aave ecosystem for several years.

TokenLogic will cast all votes with Aave’s best interest in mind. As an advocate for growth, TokenLogic works with communities who have/intend to integrate the AAVE token and/or Aave Protocol to ensure members within the Aave community have an appreciation for how Aave’s governance can influence other communities. TokenLogic supports a welcoming culture that encourages communities to build with Aave Protocol. Paladin DAO is one of those builders we want to integrate with Aave.

As a delegate, TokenLogic commits to dedicating time and resources to supporting Aave’s development and growth.

This post expresses our interest in representing the Paladin DAO in the Aave governance by using the voting power to be an active delegate and the proposal power to submit improvements to the AAVE DAO.

With Dydymoon being the most active delegate in the Paladin DAO and one of the TokenLogic contributors, we believe that delegating to us makes sense as he’ll be involved in the voting power management and can facilitate the discussions between both entities.

About TokenLogic

TokenLogic is a team of highly skilled Defi specialists that partners with communities to help solve their most important problems. Our contributors are very well networked and actively contributing to several of the largest Defi communities.

TokenLogic works closely with partners on high impact initiatives in any of the following focus areas:

  • Liquidity Management
  • Product Growth/Integrations
  • Risk / Mechanism Analysis
  • Treasury Management
  • Financial Reporting

At TokenLogic we believe in being open, building trust through collaboration and realising possibilities together as a team.

Focus Areas

The following are key focus areas for TokenLogic:

  • GHO Adoption
    Accelerating the transition from a safe/guarded launch to achieving escape velocity via the widespread adoption of GHO across DeFi.
  • Revenue Growth
    Growth avenues expected to attract new users, protocol revenue and tailoring of risk parameters supportive of those building on top of Aave Protocol.
  • Live Financial Reporting
    Expansion of financial data across Aave, such as live financial statements, bad debt dashboards, service provider funding contracts v Aave budgets and asset holding performance over time
  • Aave v3 Features
    Initiatives that introduce and extend the v3 design features of Aave Protocol, such as portals, facilitator roles and meta-governance.

Contributors

TokenLogic consists of the following contributors: Please feel free to reach out on any of the mentioned topics.

  • Matthew Graham. Mechanical Engineer with 12+ years of industry experience, bachelor degrees in Mechanical Engineering, Investment Finance and Corporate Finance. Founder of TokenLogic and has published numerous ARCs with a good understanding of Defi legos, risks, governance, value flow (tokenomics) and fund management.
  • DefiJesus. Software Engineer with 10+ years of building products from zero to one and I have been over 2 years full time working on the EVM. I am the founder of Buzzed Bear community and a keen contributor to Aave ecosystem, mostly via freelancing to Llama. Github Repository can be found here.
  • Dydymoon. DeFi Strategist, Consultant & Advisor contributing on many aspects such as Treasury management/optimisation, governance frameworks & proposals, growth & integrations, BD, tokenomics & more across Defi communities such as Aave, Llama, Paladin, Javis, Luchadores, APWine etc. Recently, Dydy also designed a new mechanism for Aave’s Safety Module.

Delegation

If anyone would like to delegate to TokenLogic, please use the following address:

0x2cc1ADE245020FC5AAE66Ad443e1F66e01c54Df1

Our voting history can be found on Boardroom and Tally. Note, we are in the process of migrating from the address provided on Boardroom and Tally to the address stated above.

3 Likes

Hi @Figue - two questions that I raised in the Aave Forum that would be better to be answered here, would love your thoughts!

  1. Will the delegate that receives this voting power also receive the corresponding prop power?
  2. Will the Paladin DAO intend to influence the vote of whoever receives the voting power? Does Paladin have any independent priorities regarding Aave governance?

Thanks!

https://signal.paladin.vote/#/proposal/0x64c238c11aa5d470cb1973d3a690b1b7948573daf9535f22f5a523e564565b75

Quorum PGM-34.2: 593 792 votes

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