Delegate: Fju_ry
Wallet
Tally Profile

Two areas I’m most interested in are:

• DeFi development on Arbitrum
  and
• Improving Governance participation

My Delegate statement

From my participation in the governance of many crypto projects, I drew several conclusions:

1. Delegating voting power from centralized teams to thousands of users worldwide gives them great power.
   I have been actively participating in the governance of many crypto projects - Optimism, Stargate, Shell Protocol, AAVE, Lido, Goldfinch, 1inch, Gitcoin, CowSwap, and Hashflow.

Conclusion 1: The protocols with more equally distributed voting power allow truly decentralized governance and are more transparent in the decision-making.

2. The users must fully realize the great responsibility the protocols give them by mechanisms of governance.
   Since being actively involved in the decentralized crypto space since September 2021, I have examined and voted on more than 100+ proposals in the abovementioned protocols.

Conclusion2: Delegation of the Voting Power alone will only benefit protocol if Delegates vote regularly and deliberately.
As Arbitrum Delegate, I would study each proposal and vote on it with all my best knowledge.

Sample Voting Issue 1:

1. Against. It is much easier to transition from decentralization to centralization than vice versa.
2. I would propose an amendment limiting the number of seats (something like "one entity should not get more than 20% of the seats).
3. My approach is to make another vote with an explanation of the pros and cons of these decisions.

(Similar case happened in the Stargate DAO in January 2023. The community decided on one entity’s OTC purchase of STG tokens, which could be financially lucrative but not necessarily beneficial for the protocol’s development.)

Sample Voting Issue 2:

I prefer the Split Reimbursement method*.* Such big hacks undermine the stability of the protocol, and there should be a compromise between users and the protocol and further search for solutions.

Languages I speak and write: English, German, Ukrainian, and Russian.

Disclosure of Conflict(s) of Interest: I don’t have any Conflicts of Interest but will state if any arise during the duration of the delegation.