Important Note: This summary was written by me based on the discussions during the Community Call. While I did my best to accurately reflect the topics covered, errors or omissions may occur. If you notice any mistakes or think something needs clarification, please let me know so I can make the necessary adjustments.
I want to highlight that I don’t usually create this type of summary. If it’s poorly done or incomplete, I apologize in advance. Feel free to share any feedback or suggestions, as it will help me do better in the future.
Introduction to the Miro Project
At the start of the Community Call, the Miro project was introduced as a major initiative aimed at transforming Paraswap. It moves from being a simple DEX aggregator to an Intent-centric trading platform designed to simplify trading in a way similar to traditional finance. It started with Delta, which has already processed over half a billion dollars through a single user interface. Paraswap focuses on concepts like chain abstraction and cross-chain trading. Miro also includes a tokenomics overhaul to correct past mistakes and optimize resource allocation.
Reflections on the New Token and Migration
Next, the team discussed the creation of a new token for the DAO, along with a migration process and a new allocation strategy. The primary goal is to ensure full equivalence with the current PSP token, avoiding any dilution.
- 63% of the allocations are dedicated to current PSP holders.
- 5% are reserved for sePSP2 stakers to incentivize their migration.
- The remaining allocations are planned for marketing, growth, and the DAO budget, aiming to encourage community participation.
Feedback on Categories and Partnerships
The discussion continued with two suggestions: first simplify allocation categories like Retrofunding and ProtoFunding for more flexible resource management. Second, the idea of partnerships with market makers, such as Wintermute, was also discussed to reduce fees related to centralized exchange listings through market making.
Laita Labs responded that a revised version of the proposal will include broad allocations, providing greater flexibility for future adjustments. Regarding the second point, The team emphasized that market makers have limited influence over centralized exchange decisions, which often favor initiatives like launch pools or educational programs. These broad allocations will enable negotiations with exchanges without committing to fixed amounts, while maximizing ParaSwap’s attractiveness and maintaining strategic and adaptable resource management.
Token Migration and Next Steps
The team then detailed the token migration process. All PSP, sePSP1, and sePSP2 holders will be able to migrate through a simplified one-click process. A 12- to 18-month window will allow users to complete the transition, while alternative tools will remain available for migrations beyond this period.
Once the migration begins, campaigns and partnerships will be launched to increase visibility. The goal is to complete this process by the end of Q1 or the beginning of Q2 2025. A revised version of the proposal, incorporating community feedback, will be published shortly.
Delegation Program
The session also addressed the Delegation Program of SEEDGov , which attracted over 10 delegates for a trial period from December 5, 2024, to March 4, 2025. Participants must maintain an 80% voting participation rate and explain their decisions within seven days. An impact report will be published at the end of the trial, paving the way for a potential second phase.
Erik from Avantgarde mentioned that, although they hold a significant number of tokens, they plan to delegate some to underrepresented delegates to balance participation. He also stated that he would impose a cap on his own voting power, aligning with major participants to ensure fair and healthy governance. Further details will be shared later.
PIP-55 and Its Objectives
The PIP-55 proposal by Wakeup Labs was also discussed. It aims to automate rewards and gas refunds, improving efficiency and reducing errors. This open-source project, with a total cost of $25,400, will be deployed in January. Regular updates will be provided on the forum, and maintenance will be ensured through capped monthly fees.
Community Questions
The session concluded with a series of community questions:
-
CEX Listings: Listings on centralized exchanges cannot be made public until they have been finalized, as revealing the ongoing process would compromise the chances of success. Moreover, listing decisions depend entirely on the centralized exchanges themselves.
-
Relation Between Portikus and Delta: Portikus is an open-source modular infrastructure designed to execute intents (dIntents). It relies on a network of agents to process and execute these intents. Delta is a concrete example of a protocol built using Portikus.