DRep Profile

Dr

DraculaDAO

Active
DRep ID:2052ba04a96e5611a844f09ce2ca33b734133f5875a0b102fea42d46

We believe in taking an ultra long-term approach to important decisions. We will not vote for what we believe are short sighted decisions and will generally not support proposals for treasury funds being used for venture capital or short-term marketing efforts, unless there is a compelling benefit to the ecosystem and there is low risk. Burning ADA tokens is a non-starter.

Objectives

We believe in taking an ultra long-term approach to important decisions. We will not vote for what we believe are short sighted decisions and will generally not support proposals for treasury funds being used for venture capital or short-term marketing efforts, unless there is a compelling benefit to the ecosystem and there is low risk. Burning ADA tokens is a non-starter.

Motivations

Not provided by DRep

Qualifications

General experience in crypto since 2012 and specifically Cardano since 2018. Experience working with Bitcoin, Ethereum, most of the EVM L2's, Near, Solana and of course Cardano.

Payment Address

addr1q8h8n7r53t6z3euzgrvks07vl0wffkw2kya75x8t3a30gwgfqw8404phxgk4f6fa7axmrsag9gn2fc99pnhumfrsr65srh77p0

Metadata Hash

4ed881d75454f44228756aa7c14224a789ed3d7e081556a9266f25cd6b50b1f3

Voting History

Activate DeFi with USA – A Decentralized, Yield-Bearing Dollar for Cardano

Pending
ABSTAIN

This proposal seeks treasury support from the Cardano Foundation to strategically bootstrap liquidity for USA, a yield-bearing synthetic dollar [digital asset mimicking USD value via algorithms or derivatives] developed by SMARDEX and collateralized by long ADA positions. Already successfully deployed as USDN on Ethereum, USA uniquely combines genuine decentralization, trustless yield generation, and market-neutral stability, appealing to an underserved, critical and growing niche in the current DeFi landscape. This proposal is more widely available on the References and Supporting Information below, with the text here being intentionally short and concise. USA’s innovative design eliminates reliance on centralized entities or manual interventions, utilizing fully on-chain, autonomous perpetual futures markets to deliver sustainable yield. This differentiates it sharply from existing stablecoin solutions, which either lack yield entirely (e.g., GHO, sUSD) or rely on centralized management (e.g., USDe). Its Cardano-native architecture ensures seamless integration and composability within the ecosystem, avoiding cross-chain risks and enhancing resilience. By strategically deploying protocol-owned liquidity into USA, this proposal not only resolves the classic "cold start" liquidity challenge faced by new assets but actively fosters enduring economic activity and ecosystem growth. Unlike transient incentive programs that attract short-term, mercenary capital, treasury-supported liquidity in USA establishes deep, durable market foundations. The capital provided by the treasury remains fully under Cardano's control, accessible at all times through transparent, non-custodial, and permissionless smart contracts. In short, this initiative positions Cardano at the forefront of decentralized stablecoin innovation, creating lasting value through a sustainable, yield-bearing, and entirely Cardano-native asset.

07/11/2025, 12:45 PM|Item: 293

Cardano Community Lead Constitution Update

Pending
ABSTAIN

This proposal establishes a Governance Workstream Consortium which establishes decentralized execution framework, ROM Multisig Model, to support the delivery of constitutional dept workstreams in Cardano. Its core aim is to ensure that budgeted governance tasks are completed verifiably, transparently, and without relying on a single administrator.

07/09/2025, 07:12 AM|Item: 287

Parameter change proposal - Lower minPoolCost to 0

Pending
ABSTAIN

(at the time of writing the gov.tools site did not have a Parameter Change dropdown value on Propose a Governance Action page implemented yet, although I hear it is in the works) This proposal is to change the parameter "minimum fixed rewards cut for pools (minPoolCost)" value from it's current value of 170 Ada to 0 Ada. This is to allow stake pool operators to set their fee structure as they see fit - without always forcibly taking a chunk out of pool rewards, the protocol-level action which results in continually growing gap (as the per-block reward continues to reduce over time, by staking design) in maximum ROI that a given small pool can offer compared to a big pool with similar fee structure in place.

07/07/2025, 04:16 AM|Item: 291
Coming Soon!
Voting Power
16.23M
Info
Registration Date:2/4/2025
Rating
4.3
56 reviews
5 stars
30
4 stars
20
3 stars
0
2 stars
5
1 stars
1
Coming Soon!
Governance Space on Cardano Blockchain

Are You Ready to Participate?

Building Together to Drive Cardano Forward.