GMX Delegate Statement Template

Proposals
17

Delegate Application Form

Name: Saulius

Wallet Address or ENS: 0x1A1A7937cD77990Dd5C6f14cC66a4FD72A02E91B

Tally Profile URL : Saulius Delegate Profile

Are you a service provider?

No

Do you understand that delegate incentives will not be available for the first 6-8 months?

Yes

What area are you most interested in contributing to? choose up to two tags:

  1. Defi
  2. Perp Dexes :heavy_check_mark:
  3. Infrastructure & Protocol :heavy_check_mark:
  4. Dao Governance :heavy_check_mark:
  5. Developer Tooling
  6. Grants & Public Goods Funding

Introduction:

I have almost 20 years of experience in investing and trading of various financial instruments. I bought my first bitcoins in 2013. I am actively interested in DeFi and have been investing in altcoins since 2018 so I passed through the depths of the bear market. At the end of 2020 accidentally discovered XVIX and since then I have been particularly following the progress of all the X projects, acting as an investor and an active community member. After migrating to GMX I haven’t unstaked/vested or sold a single token in my OG account and I am determined to keep this investment in my portfolio for life. Lately, I’ve been contributing a bit to GMX by testing and doing some analytics tasks.

Motivation:

GMX makes up a significant part of my crypto investment portfolio and since I am determined to keep it for the very long, I am particularly interested in the further development, expansion and success of the GMX protocol and thrive of it’s community. In addition, I have recently seen a concerning trend where governance decisions and changes are often taken hastily and unanimously, so I see the need for an alternative and slightly more conservative view in upcoming decentralized GMX DAO governance “battles”. At the same time I will be strict about DAO treasure expenditures and accountability.

Sample Voting Issue 1

If you were a delegate, how would you vote on the proposal?

  • No

The proposed changes are too radical and risky but do not address the original problem of poor participation in governance. Enabling protocol fees could severely reduce Uniswap’s competitiveness and the proposed delegation / staking scheme will simply encourage self-delegating and self-collection of fees but not active participation in governance discussions and decision making.

Sample Voting Issue 2

If you were a delegate, how would you vote on the proposal?

  • Yes

Previous STIP programs have proven successful and helped the Arbitrum to maintain its L2 leadership position. Although the additional issuance of ARB tokens may have a negative impact on the price, due to the extremely high competition between L2 chains, we must not take a nap but continue to promote network activity and TVL growth. This additional ARB issuance will definitely have a smaller negative impact on the token price than the first signs that Arbitrum is being outcompeted by one or few other L2 solutions.

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