We are a team of dedicated governance enthusiasts who have been in the crypto governance space for over four years. Our team were some of the first members involved in defi governance and we want to apply what we have learned over the years to Moonwell.
Some of the team has been using Moonwell since the OG Moonbeam days. Recently, with the protocol’s strategic shifts and deployments, we have accrued a small treasure chest of the token ourselves through Morpho incentives. We intend to keep these tokens and continue to build our reserves, aligning ourselves financially with the DAO. We’re excited to become delegates and are grateful to be along for the journey!
Core Values:
Growth: Our decisions are primarily focused on the growth of the protocol. This often results in how to spend money efficiently, but even more importantly and objecting for unreasonable spends and knowing when to vote no.
Transparency: Clear communication with votes and explanations of reasoning, and an equivalent demand for proposals to do the same. Too often we see thousands, if not millions, being rolled up together and glossed over during proposals.
Accountability: Too often once a decision is done, having proper accountability becomes an afterthought. Whether it’s a DAO promise or a grant or a new program, once a DAO votes something in, we forget about it. Our goal with PGov is to both continue to check in on these decisions as well as ensure that there are proper channels set up to ensure accountability.
Conflicts of Interest:
If situations arise, we will abstain from a vote, and clearly state the conflict on the forums.
We voted For: It seems like the whole community is in support of this except for one large whale. Not sure who this delegate was but we’d like to clarity. We have expressed out reasoning further here.
We voted For: All of these on chain MIP votes are pretty staight forward and we are in support of all of them. We will look to provide further feedback during the snapshot stages now that we are a delegate and fully onboarded for such.
We for For: Simlar reasoning for both, we are in favor of this requirement to get involved in governance and are excited to see the increased participation. Some more thoughts:
We voted For: Glad to see this public allocator feature set up. We are avid users of Morpho and this specific vault in particular too so nice to see the increased efficiency.
We voted For: We know the Mountain guys well and think they will do a great job at this market on OP. Curious is this is as part of the mandate for another project such as OP grants council grants?
We voted For: The pufETh market is pretty mature and deep on Base. A few money markets and lending protocols have this already integrated, and it would make sense to do it on moonwell as well.
We voted For, Replace Immunefi: We’ve worked with the ImmuneFi team a lot in the past and overall are very fond of their work. However, if it makes sense to move away and towards a more passive payout system and team, especially given costs, this makes sense.
We voted Yes: This makes total sense and we don’t see any realistic drawdowns. Directing this OEV to protocol reserves is better than losing it to liquidation bots and this initial test on Aero markets makes sense.
We voted For: The first iteration of this we think was a huge success and we are confident that renewing the incentives would be critical to keeping and attracting more users.
We voted For: In favor of adding Lombard BTC onto the main markets on Base. Lombard has grown significantly over the last few months and doing so positions the DAO to grow alongside it’s adoption.
We voted For: Thanks for the team for helping us submit this from after the snapshot stage. We are happy to support this given the community feedback and results for the snapshot.
We voted Yes: In favor of these mechanisms to drive Well rewards and attractiveness in the future. We will be interested to see the exact breakdown in future discussions. Thanks to the team for their hard work on this topic!
We voted Yes: In favor of adding USDe to these markets. Ethena and USDe has been around for a while now and has quickly become a trusted blue chip. We think adding it here on Base and Optimism with cautious parameters makes sense.
We voted Abstain: No strong opinions on this. We are in favor of adding additional collateral types, but are concerned with how new VVV is. Would certainly be worth looking at again in the future we think, just a little early.
We voted For: There is a lot of synergies between Morpho and Moonwell and it makes sense to allow for Morpho as collateral in a conservative and trial run.
We voted Abstain: We think there’s no good reason for AVIAL to be added right now, but not necessarily against it as it is a large and well known project.
We voted For: This general framework for listing tokens is a great baseline in order for both the forums to eventually not become spammed with asset listings, but also have some good baseline requirements for anything to be onboarded.
We voted For: Switching over the OEV enabled data feed makes sense. We think starting with these markets, and seeing how they go, should generate a substantial income source for the DAO and this market makes sense as an initial test market.
We voted For: Morpho passes the framework from above and we think is crucial to the success of Moonwell. We believe trialing this now should allow for some unique allocation and efficiency benefits for the DAO going forward!
We voted For: This is a very indepth proposal written by Darren and we applaud him for the details and diligence. USDT0 is a very logical asset to add as Tether focuses expansion efforts on this cross chain capatible asset.
We voted For: Seeing the positive sentiment around this, having a secondary risk partner could be a good addition to the DAO in the long run, and short run should provide some interesting asset analysis.
We voted For & For: While the process was rushed, we think both assets deserve to be added to Base markets, and makes sense to move forward with these cb assets.