Name: Time Research
Wallet Address or ENS: 0xd8951635ea4FE7057d9001415ee62c52B1173018
Tally Profile URL : Time Research's Delegate Profile
Are you a service provider?
No
Do you understand that delegate incentives will not be available for the first 6-8 months? We plan to incentivize delegates once we have gathered enough data, likely in the next 8-12 months?
Yes
What area are you most interested in contributing to? choose up to two tags:
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Defi
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Perp Dexes
Introduction:
Time Research is a crypto-native proprietary trading firm, operating across both CeFi and DeFi, boasting an average daily trading volume of over a billion. In the DeFi space, we collaborate with leading DEXs and chains to foster ecosystem growth and liquidity provision. We are the top players on many Oracle-based protocols such as GMX and order book-based platforms like dydx v4.
Motivation: Why are you interested in becoming a delegate for GMX governance? What motivates you to actively participate in GMX governance?
As owners of a significant LP position in GMX, we aim for GMX to enhance its profitability and sustainability. Presently, we hold regular meetings with the GMX team, offering suggestions, some of which have already been implemented. With this delegation program, our goal is to engage with the GMX team and the community more extensively and profoundly, thereby enabling more users to reap the benefits.
Sample Voting Issues
Sample Voting Issue 1
In February 2024, a governance proposal was posted in the Uniswap Governance forums, where the Uniswap Foundation proposed a large-scale upgrade to Uniswap protocol governance to incentivize active, engaged, and thoughtful delegation. This proposed fee mechanism rewards UNI token holders who have delegated and staked their tokens. For background, Uniswap is one of the leading DEXs across all EVM ecosystems. The link to the proposal could be found here (Link).
If you were a delegate, how would you vote on the proposal?
No
Please provide a reason for your vote of yes/no to the proposal.
The Uniswap Foundation should aim to bolster the value of UNI tokens by encouraging active participation in governance activities. If token holders are not currently engaged, merely offering rewards may prove ineffective as they may not be sufficiently motivated.
However, individuals who have made notable contributions to governance deserve recognition and rewards. They are the ones driving meaningful change within the protocol and enriching the community.
By incentivizing their efforts, they can be empowered to delve deeper, generate more impactful proposals, and offer valuable insights to the public.
Sample Voting Issue 2
In March 2024, a governance proposal was put to a vote in the Arbitrum Governance, where Savy DAO introduced the STIP Bridge proposal. The aim of this proposal is to sustain and enhance Arbitrum’s market leadership by extending support to key protocols amidst intense competition from other Layer 2 solutions. The proposal suggests that the protocols funded in the STIP and STIP Backfund should be eligible for funding requests of up to 50% of their prior funding, based on the impact created by them in STIP. Here’s the link to the proposal:(Link)
If you were a delegate, how would you vote on the proposal?
Yes
Please provide a reason for your vote of yes/no to the proposal.
Let’s consider GMX TVL as an example. During the STIP period, GMX V2 boasted a TVL of approximately 400M. However, following the conclusion of the STIP in April, its TVL experienced a decline to about 280M. This decline can be attributed to various factors, including the withdrawal of funds by users who may perceive GMX as less profitable.
To maintain TVL levels and foster growth within the Arbitrum ecosystem, a consistent incentive program is crucial. While it’s understood that LTIP will be launched in the coming months, it’s imperative to bridge any potential gap in incentives until then. Extending the STIP serves as the simplest and most effective method to sustain momentum within the current ecosystem.
Therefore, I would vote yes on the proposal to support the continuation of the STIP, enabling protocols like GMX to maintain their incentive structures and contribute to the ongoing growth and competitiveness of Arbitrum.