Arana Digital Delegate Platform

Delegation
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Arana Digital Delegate Platform

Name: Arana Digital

Wallet Address: 0x0579A616689f7ed748dC07692A3F150D44b0CA09

Snapshot Page: aranadigital.eth

Contact Info: Twitter/X

Introduction

Arana Digital is a team experienced in DAO governance, operations, growth and research. Our members are deeply steeped in the crypto space and have multiple years of participation in protocol governance. With delegation history for DEXs, money markets, L2s, liquid staking protocols, and stablecoins, we’re acclimated with a breadth of sectors. We bring a diversity of experience to DAOs–our members have consulted for companies like Immutable and dYdX, worked at crypto investment and trading firms, set up various validator nodes, and run educational events for university students.

Motivation

It’s clear that Paraswap has achieved market fit on multiple chains, ranking frequently as the 3rd most used DEX aggregator across various EVM environments. Unlike many other protocols, there is also a business model present, one that distributed revenue among staked token holders and the DAO. The 20% revenue inflow for the DAO has over the past couple of years diversified the treasury. To those ends, Paraswap has a strong basis as a protocol and business; however, community participation in sustenance and growth of the protocol, outside of the core team itself, has been lackluster and only declining. Unless the DAO is revitalized through the incorporation of important governance frameworks and initiatives, it will be difficult to offload responsibilities from the core team, making Paraswap unable to become a truly decentralized organization. Since our team has been involved in the growth and development of various DAOs, we hope to bring those experiences to Paraswap, aiming to uphold the interests of the $PSP token holders—and broader ecosystem stakeholders as well.

Driver and Values

  • Diligence: We thoroughly investigate each proposal, engaging with other delegates and service providers to gather diverse perspectives and insights prior to making a decision.
  • Transparency: We openly share information about decisions and their rationales, providing clear and accessible updates, and ensuring that all processes are effective to the community.
  • Innovation + Sustainability: We champion initiatives that will both allow the DAO and its underlying protocol to sustain its advantages, all the while continuously looking to iron out flaws and introduce efficiencies.

COI Disclosure

We are actively involved as delegates and contributors in multiple other DAOs. Any relevant conflicts of interest will be publicized when needed.

Waiver of Liability

By delegating to Arana Digital, you acknowledge and agree that Arana Digital participates on a best efforts basis and will not be liable for any form of damages related to its involvement in Paraswap governance.

3 Likes
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PIP-55- Reward Mechanism Automation

Vote: For

Rationale:

Automation for gas refund makes sense in our eyes. Most functions like this in the long term should not be manually conducted. Therefore, we are in support of this proposal. Focusing refunds on Ethereum mainnet—where the majority of refunds originate—optimizes resource allocation without significantly impacting users on other chains. This is a practical step toward making ParaSwap’s incentives more sustainable and scalable.

PIP-56: Implementation of Project Miró Roadmap and Migration

Vote: For

Rationale:

This proposal calls for a drastic change—and we are in support of it. The move towards intent-centric trading will allow for the protocol to ensure it stays up-to-date with ongoing innovations. The 15% allocated to the DAO for distribution seems fair, but the respective proto and retro funding of 7% seems a bit low. Ideally, a larger portion of funds remain for future funding of ecosystem contributors. However, the involvement of the DAO collectively may not be the smartest way to distribute grants and incentives. Over the coming months, the DAO should align on what sorts of objectives it wants to achieve to best help propel the protocol once Miró goes live. A system of committees of elected members is likely a strong step towards critically thinking about protocol growth and capital allocation. One part that confused us from an allocation point was how “DAO Operations and Service Providers” fits into the picture with the grants. There could be double-dipping in terms of initiatives if the DAO and the Foundation do not work in tandem. I’m sure some of these details will be ironed out over the coming months—but the general direction of the proposal is certainly favorable and brings PSP into a more competitive position.

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PIP-57 - PIP Lifecycle Improvements

Vote: For

Rationale:

We voted in favor of this proposal because it introduces a more robust system for facilitating PIPs. The processes make sense, but the implementation and accountability associated with seeing these processes through will be initially taxing. A couple of larger DAOs have subverted these types of issues by having onchain votes, where execution of proposals is programmatic—and before certain proposals go through, there may be auditors on hand to review the technical side of the proposals. Here, it is still a bit unclear what that entity will look like. A governance facilitator or accountability committee could help with that process. This probably can consist of a small group (no more than three entities) since there isn’t a very large pipeline of consistent proposals. It will be good to communicate with the Foundation on a couple of these elements and align/divvy operations.