πŸ”΅ Chidi - Delegation Pitch

MIP-X47 Automated Liquidity Incentive Proposal

Vote: For

Rationale: Supportive of routine liquidity incentive proposals and will continue to back them.

MIP-X49: Fix Wormhole Post-V3 Audit Findings

Vote: For: Approve the implementation of the fixes

Rationale: Supporting this as it’s straightforward post-upgrade cleanup. Standardizing consistency settings and removing outdated relayer logic are low-risk changes that keep the codebase clean and aligned with Wormhole V3.

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MIP-X51A Automated Liquidity Incentive Proposal

Vote: FOR

Rationale: Routine monthly WELL emissions across Base/OP/Moonbeam, plus execution of the already-approved bad-debt cleanup.

MIP-X51B Automated Liquidity Incentive Proposal

Vote: FOR

Rationale: Safe to support on the same rationale as MIP-X51A.

MIP-X52: Upgrade xWELL Bridge Adapter

Vote: FOR

Rationale: Necessary infrastructure upgrade β€” keeps the xWELL bridge working as Wormhole migrates from the legacy relayer model to the executor model.

MIP-X53: Update xWELL Wormhole Executor Quoter Configuration

Vote: FOR

Rationale: Cleanup fix after MIP-X52. Brings down the gas cost on the executor receiving endpoint and corrects the quoter address to the EOA Wormhole actually expects. Keeps xWELL bridging cheap and reliable as the protocol settles into the Wormhole executor model.

MIP-X54: Anthias Labs Monthly Recommendations (5/2026)

Vote: FOR

Rationale: Stops the bleed on four markets where 92 to 99 percent of borrows are bad debt (VIRTUAL, cbETH, cbXRP on Base, GLMR on Moonbeam). Disables new borrowing, flattens the interest rate to near zero, and sends what little interest accrues to reserves so toxic positions stop growing while governance works out the recap.

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