The new “Meet the Delegates'' series by the governance ambassadors helps the dYdX community to get to know their delegates! Following up on the first episode on featuring Alucard and AX07, we have Moe_L for this episode, who is an Endorsed Delegate for the dYdX community!
Unfortunately, there was an issue with the discord recording, so this blog will run through an introduction to Moe_L, his background, and his involvement in 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 second episode of this series, the governance ambassadors had Moe_L present a background of himself and answer questions from the community.
The discussion was moderated by NTInc.
Moe_L
- Commonwealth name: Moe_L
- Discord ID: @Moe_Lester#4361
- Twitter handle: @Trademoe
Moe_L is a long-time dYdX community member, and he shared his background in crypto, his experience with dYdX in the early days, and how he got to be an Endorsed Delegate for the dYdX community. Moe_L has a background in TradFi onboarding, sales, and operations.
Moe_L is also an active trader, is a key advocate and proponent for decentralization, and takes part in the governance of the dYdX protocol.
Moe_L's main skills as an Endorsed Delegate are:
- Daily discord community engagement
- Participate in AMAs and Hedgies community events
- Active bounty contributor
- Active contributor towards learning spaces (see strategy ideas channel on Discord as an example)
- Various contributions to product feedback, community engagement campaigns and technical development suggestions
- Speaks English, Spanish, and Hebrew.
Quotes from Moe_L's endorsed delegate profile:
- The future is in decentralization. The biggest issue for me in the DAO/ Governance is the centralization of voting power in the protocol to just a few “whallets”. Instead of the current Feudal-like system, there should be a Democracy that decides for the DAO.
- I will keep my efforts on raising awareness of governance democratization and keep contributing to different proposals and threads. Be it governance, onboarding, or/and providing platform feedback, I'll keep myself engaged.
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.
Depositing into the MegaVault carries risks. Do your own research and make sure to understand the risks before depositing funds. MegaVault returns are not guaranteed and may fluctuate over time depending on multiple factors. MegaVault returns may be negative and you may lose your entire investment.The dYdX Foundation does not operate or has control over the MegaVault and has not been involved in the development, deployment and operation of any component of the dYdX Unlimited software (including the MegaVault).
Get Involved with the Community
Become a part of our journey to reshape the financial landscape
