DRep Profile
The Council
As a DRep, I believe governance should reflect the collective will of the community rather than rely solely on individual decision-makers. My primary objective is to make participation in Cardano governance more accessible, inclusive, and representative. To achieve this, I propose introducing “The Council” (ddRep / d²Rep), a system where delegators can freely signal their preferences without incurring transaction costs, while also being incentivized for active participation. These signals are then aggregated and used to guide the final governance decision. By lowering barriers to participation and ensuring that delegators have a direct influence on outcomes, I aim to strengthen democratic engagement within the Cardano ecosystem and make governance more aligned with the broader community.
Objectives
As a DRep, I believe governance should reflect the collective will of the community rather than rely solely on individual decision-makers. My primary objective is to make participation in Cardano governance more accessible, inclusive, and representative. To achieve this, I propose introducing “The Council” (ddRep / d²Rep), a system where delegators can freely signal their preferences without incurring transaction costs, while also being incentivized for active participation. These signals are then aggregated and used to guide the final governance decision. By lowering barriers to participation and ensuring that delegators have a direct influence on outcomes, I aim to strengthen democratic engagement within the Cardano ecosystem and make governance more aligned with the broader community.
Motivations
My motivation to become a DRep stems from recognizing that many community members are currently excluded from governance participation due to practical constraints. Not everyone is willing or able to allocate 500 ADA for self-delegation, nor does everyone have the time or desire to actively vote on every proposal. Despite this, many still want their voice to be heard. I aim to represent this silent majority - those who care about the direction of Cardano but prefer a more accessible and flexible way to participate. Through The Council, delegators can express their preferences in a simple and low-friction way, while the system ensures their input meaningfully contributes to final governance decisions. Additionally, by introducing incentives for participation, I hope to encourage more consistent and engaged involvement from the community, ultimately leading to better-informed and more representative outcomes.
Qualifications
- I have been working as a smart contract developer on Cardano since the Alonzo Hard Fork, gaining deep familiarity with the platform’s architecture and capabilities. - I have extensive experience with Cardano smart contracts, governance mechanisms, and the broader ecosystem, allowing me to evaluate proposals from both a technical and practical perspective. - I am actively building The Council platform, which demonstrates my commitment to improving governance processes and my understanding of the challenges involved.
Payment Address
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Metadata Hash
da1ae5ffc4760ab03423cb84d405195fd6c7138e9104c08a7987aa8eda2c8270
Strategy and Structure for Treasury Governance
Treasury governance within the Cardano ecosystem is in a poor state. First, there is a treasury funding impasse. Second, while being pivotal for Cardano's stability and growth, treasury governance is only indirectly addressed and barely supported by the existing governance system. This governance info action sketches fundamental ideas for reforming treasury governance and introduces them into public discussion. The goal is to bring positive change for improving the treasury governance process and to outline guardrails for strategic direction. An implementation will require further refinements and amendments to the current process as well as the constitution. All members of the Cardano ecosystem are encouraged to collaborate in reforming treasury governance into a productive process that enables stability and growth.
Sustainable Yield for the Treasury | Strike
This governance action requests a **12-month productive treasury deployment of 7,500,000 ADA** into Strike Finance liquidity infrastructure. This is **not grant funding**. Treasury-owned capital would be deployed to deepen Cardano-native perpetual futures liquidity, increase on-chain trading activity, and generate yield for the Cardano Treasury. Strike has processed **over 1,000,000,000 USD** in cumulative volume, facilitated **800,000+ transactions**, generated **over 14,000,000 ADA** for liquidity providers, distributed **over 1,100,000 USD** back to the Cardano community through fee-funded staking rewards, and represented **over 50% of Cardano trading activity** during the past six months. | Allocation | Amount | Purpose | | ----------------------- | ------------: | ------------------------------------------------------- | | V1 ADA-native liquidity | 3,000,000 ADA | Support existing ADA-denominated liquidity | | V2 stablecoin liquidity | 4,500,000 ADA | Support scalable execution depth and stablecoin markets | For modeling, V2 assumes **ADA = 0.25 USD**, making **4,500,000 ADA** approximately **1,125,000 USD** of stablecoin liquidity. Actual stablecoin notional will depend on the conversion price at deployment and will be transparently reported. Under conservative modeled assumptions, the full deployment is expected to generate approximately **1,350,000 ADA-equivalent** in annual yield. Assuming no ADA price change, this would increase the treasury-owned position from **7,500,000 ADA** to approximately **8,850,000 ADA-equivalent** over 12 months. These are modeled estimates, not guaranteed returns. Market direction, stablecoin pricing, open interest, liquidity utilization, and vault PnL may affect realized results. Custody will be handled through an independent multisig with: | Keyholder | Affiliation | | --------- | ----------- | | James | Moneta | | Rami | Snek | | Phil | Surf | Strike Finance will not have unilateral custody or control of treasury assets. Realized yield from the first six months will be returned to the Cardano Treasury at month 6. At month 12, **100% of treasury-owned deployed assets, including remaining principal and realized yield, will be returned to the Cardano Treasury**. Any further treasury participation would require a new governance proposal.
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