The new “Meet the Delegates'' series by the governance ambassadors helps the dYdX community to get to know their delegates! The first episode features an introduction to AX07 and Alucard, both of whom are Endorsed Delegates for the dYdX community.
What is delegation?
As the dYdX protocol moves towards full decentralization (read the V4 announcement here and the announcement of the dYdX Chain here), delegates are needed to help ensure community-led growth, development, and the self-sustainability of the dYdX protocol.
Delegation provides an opportunity for more community members to get involved with governance, and when you delegate the voting power of your tokens, you retain 100% ownership of the token itself. There are no changes to the way you use or hold the token. You can choose anyone who you believe will participate in dYdX governance and can represent what you want this ecosystem to become.
Currently, $DYDX and stk$DYDX holders have control over market listings, capital allocations to market makers, allocation of the community treasury, and much more (see the full list of governance parameters here). Community-controlled governance parameters will increase in the future, and competent delegates are essential to push the dYdX protocol forward.
If you hold DYDX and/or stkDYDX but have no time to review proposals, or you don't have enough information about potential delegates, consider delegating the proposing power and/or voting power of your tokens to an Endorsed Delegate to support decentralization and better decision-making on the dYdX protocol. You can review the Endorsed Delegate's profiles and pitches here and delegate voting power and prosing power here.
In the first episode of this series, the governance ambassadors had 2 Endorsed Delegates, AX07 and Alucard, present a background of themselves and answer questions from the community.
The discussion was moderated by NTInc.
AX07
- Commonwealth name: @AX07
- Discord ID: @AX07#8183
- Twitter handle: @CryptoAX07
AX07, a long time dYdX community member, shared his background in crypto, how he started his first investment in Bitcoin back in 2017, his experience with dYdX in the early days, and how he got to being an Endorsed Delegate for the dYdX community today.
AX07's main skills as an Endorsed Delegate are:
- He speaks 3 languages (English, Spanish and Portuguese).
- Well-versed in tokenomics.
- He wants to be a delegate of dYdX because he is an active trader that used to trade on centralized exchanges, and quickly found out about its disadvantages.
- He believes that dYdX is the best perpetual contract exchange and wants to be a part of its growth and governance.
- He is passionate about explaining and discussing governance proposals and issues in the forums and discord. He believes that delegation is a key point in a DAO to combat whale addresses from dominating vote counts.
His values are that he always wants the best for dYdX and token holders, and if there is a matter that compromises those values, he will strongly voice against them in the most ethical way by hearing from the community.
Alucard
- Commonwealth name: Alucard.eth
- Discord ID: Alucard#9079
- Twitter handle: @Alucard_eth
Alucard is a dYdX Community manager, as well as an Ambassador for the Onboarding and Education burrow. He is an engineer by profession and has worked in the aerospace industry for a few years. In 2015, Alucard started getting involved in crypto-trading and started researching more about the crypto and blockchain industry. He is the creator of ultrasoundfinance.com, a website that hosts free educational courses to onboard people onto their crypto and DeFi journeys.
Alucard’s main skills as an Endorsed Delegate are:
- He is working as a dYdX Community Manager and also he’s an Ambassador in the User Onboarding & Education Burrow.
- Daily discord community engagement, hosting and participating in AMAs, and Hedgies event planning (www.dYdXhedgies.info).
- Created and handled all actions for distribution of dYdX POAPs (www.dYdXpoap.info).
- Aggregation of community educational content (www.dYdXacademy.info).
- Various contributions to the development of the ambassador program including NFT smart contract deployment and pushing towards decentralization in the program (www.dYdXdao.info).
In addition to going through all the resources and websites listed, Alucard also shared the dYdX Endorsed Delegate Course, a 4-chaptered course that covers governance in dYdX, the basics of voting and delegating, and the process of becoming an Endorsed Delegate.
About the dYdX Foundation
Legitimacy and Disclaimer
Crypto-assets can be highly volatile and trading crypto-assets involves risk of loss, particularly when using leverage. Investment into crypto-assets may not be regulated and may not be adequate for retail investors. Do your own research and due diligence before engaging in any activity involving crypto-assets.
dYdX is a decentralised, disintermediated and permissionless protocol, and is not available in the U.S. or to U.S. persons as well as in other restricted jurisdictions. The dYdX Foundation does not operate or participate in the operation of any component of the dYdX Chain's infrastructure.
The dYdX Foundation’s purpose is to support the current implementation and any future implementations of the dYdX protocol and to foster community-driven growth in the dYdX ecosystem.
The dYdX Chain software (including dYdX Unlimited) is open-source software to be used or implemented by any party in accordance with the applicable license. At no time should the dYdX Chain and/or its software or related components (including dYdX Unlimited) be deemed to be a product or service provided or made available in any way by the dYdX Foundation. Interactions with the dYdX Chain software (including dYdX Unlimited) or any implementation thereof are permissionless and disintermediated, subject to the terms of the applicable licenses and code. Users who interact with the dYdX Chain software, i ncluding dYdX Unlimited (or any implementations thereof) will not be interacting with the dYdX Foundation in any way whatsoever. The dYdX Foundation does not make any representations, warranties or covenants in connection with the dYdX Chain software (or any implementations and/or components thereof, including dYdX Unlimited), including (without limitation) with regard to their technical properties or performance, as well as their actual or potential usefulness or suitability for any particular purpose, and users agree to rely on the dYdX Chain software (or any implementations and/or components thereof, including dYdX Unlimited) “AS IS, WHERE IS”.
Nothing in this post should be used or considered as legal, financial, tax, or any other advice, nor as an instruction or invitation to act by anyone. Users should conduct their own research and due diligence before making any decisions. The dYdX Foundation may alter or update any information in this post in the future at its sole discretion and assumes no obligation to publicly disclose any such change. This post is solely based on the information available to the dYdX Foundation at the time it was published and should only be read and taken into consideration at the time it was published and on the basis of the circumstances that surrounded it. The dYdX Foundation makes no guarantees of future performance and is under no obligation to undertake any of the activities contemplated herein.
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