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.