DRep Profile
Andreas Sosilo
As a Delegated Representative (DRep), my main goals are to help the Indonesian and global Cardano communities use their voting rights wisely to make better decisions for our blockchain. I will support efforts to prevent misuse of the treasury and ensure funds are used properly. I’m also dedicated to helping the community learn about DRep, Direct Voting, Governance Actions and CIP-1694. Additionally, I will support builders who create important tools for Cardano developers, helping Cardano grow stronger.
Objectives
As a Delegated Representative (DRep), my main goals are to help the Indonesian and global Cardano communities use their voting rights wisely to make better decisions for our blockchain. I will support efforts to prevent misuse of the treasury and ensure funds are used properly. I’m also dedicated to helping the community learn about DRep, Direct Voting, Governance Actions and CIP-1694. Additionally, I will support builders who create important tools for Cardano developers, helping Cardano grow stronger.
Motivations
I am motivated to become a DRep on the Cardano blockchain to assist those who want to use their voting rights to improve Cardano but may not have the time to engage with every Governance Action. With over four years of active involvement in Cardano and Project Catalyst, combined with my background in software development, I bring a deep understanding of the ecosystem. My goal is to ensure that every vote contributes to a stronger, more innovative Cardano.
Qualifications
I am a Cardano Ambassador with experience as a Translator, Moderator, and Meetup Organizer. I was part of the first cohorts for both Plutus Pioneer and Atala PRISM Pioneer Program from IOG. Since Fund3, I've been active in Project Catalyst as a voter, funded proposer, community reviewer, challenge team, milestone reviewer and more. I have strong knowledge of the Cardano blockchain and have hosted and spoken at Cardano Summit community-led events in Jakarta from 2021 to 2024. Additionally, I am passionate about sharing knowledge on using open-source tools to build DApps and smart contracts on Cardano, while also growing local developer community in Indonesia.
Payment Address
$andreassosilo
Metadata Hash
2b12457a1722ec0dee63ce0fd254463a4440140f655ab8fc5c313e3b7e15f32e
Activate DeFi with USA – A Decentralized, Yield-Bearing Dollar for Cardano
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.
Cardano Community Lead Constitution Update
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.
Parameter change proposal - Lower minPoolCost to 0
(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.
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Building Together to Drive Cardano Forward.