46,971,199.571 BIT Delegated(114 delegators)
I help to draft proposals that aim to strike a balance between the interests of various BIT Ecosystem stakeholders, including tokenholders, project teams, and external partners. My focus is on prioritizing the interests of $BIT tokenholders. In addition, I advise on the development of the bitdao.io website, with an emphasis on tools that can assist stakeholders better manage resources, monitor performance, and make informed decisions. My current perspectives and voting biases are as follows: Perspectives on Governance 1. The primary objective of governance design is to balance the interests of tokenholders and project teams (a principal-agent issue). While we will converge on a unique solution which works for BitDAO, we should heavily reference time-tested frameworks utilized by public companies (shareholders vs operators) and political systems (citizens vs the executive). 2. All actions must be authorized by a series of BIPs. However, we should look to avoid micromanagement and administrative overhead. The BitDAO general vote (BIP Snapshot) should focus on key decisions, such as: strategic direction, launching new initiatives, large resource allocations, and course correction actions. In most cases, we should look to grant broader authorities to project teams to self govern, operate, and adjust parameters. 3. BitDAO should preserve ultimate governance authority in case there is a need for project course correction. This includes the ability to nominate oversight committees, affect project team changes, and project restructurings. Perspectives on BIT Ecosystem Strategy 4. Prioritize the longterm economic prosperity of $BIT tokenholders. 5. Current preference is to fund development of Web3 products that have direct economic connection to $BIT and large user addressable markets. These products are likely to be Ethereum infra-related and have future synergies with existing $BIT powered products such as Mantle Network. Perspectives on Resource Management 6. A maximally conservative approach to resource management, especially when it comes to yield opportunities. There is no "risk-free" in crypto, and therefore, there should be hurdle rates for capital deployment.