DRep Profile
Tobias Ilskov
My objectives are to help Cardano achieve financial self-sustainability through increasing usability, utility and adoption without compromising our deep-rooted commitment to decentralization, security and the ethos of crypto.
Objectives
My objectives are to help Cardano achieve financial self-sustainability through increasing usability, utility and adoption without compromising our deep-rooted commitment to decentralization, security and the ethos of crypto.
Motivations
I own a lot of ADA (for someone my age), so I obviously have some financial incentive to see Cardano succeed. However, my unique love and commitment to Cardano come from its unwavering principles and sense of mission. If the original ethos and vision of Satoshi Nakamoto still lives on any chain, it would be Cardano, and that's what keeps me here.
Qualifications
Those on Cardano Twitter (or X) will know me as a frequent blockchain commentator and educator, especially focused on Cardano. I'm no developer, but I have a firm grasp of blockchain theory and the basic While I prefer to keep my identity pseudo anonymous, I have extensive background working in direct to client sales, I have a minor in business administration and am currently in an accelerated doctorate program.
Payment Address
Not provided by DRep
Metadata Hash
7bc8de8c93038949d837b8eaf3d52a1243239e8a26ee5b31f931b4fe85f71709
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.