DRep Profile

Ho

Homer J

Active
DRep ID:86c986afcf6a287eb706df965412e29f491bdb153dc531d210869a3f

Provide unbiased opinions/critique of governance proposals, aim to improve decentralization of the network, operate transparent services and provide assistance to users and developers on the Cardano blockchain.

Objectives

Provide unbiased opinions/critique of governance proposals, aim to improve decentralization of the network, operate transparent services and provide assistance to users and developers on the Cardano blockchain.

Motivations

Strive to advance Cardano as a useful tool/foundation for solving real-world problems.

Qualifications

Early tester/SPO from beginnings of Incentivized Testnet, member of Cardano Operator's Guild, co-owner of AAA stake pool (8500+ lifetime blocks), developer/tester/infrastructure provider for Koios Elastic API project, Scooper operator for SundaeSwap DEX since Jan 2022, software developer with 20+ years of experience

Payment Address

$aaa

Metadata Hash

c1169ce37e1ed80f4dbadcefde76ffbf59229b1b71dcdcfbaaf4d6c7f436e838

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
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