The Drift Foundation is issuing a request for Delegates.
Summary:
The Drift Foundation is exploring starting a delegate program to increase the effectiveness of the DAO and ensure governance is aligned with key ecosystem stakeholders. The objective for the request for delegates is to publicly source delegates before the official proposal goes up to a vote. The request for delegates will also provide structure for potential delegates to transparently apply to be a Drift Delegate.
Target Delegates:
Drift is one of the leading DeFi protocols on Solana with an ecosystem of over 50 teams integrated into its products. Because of this, there are a large number of diverse stakeholders to Drift and the DAO. To align with the objective of delegation to support effective governance, it is important the DAO supports diversity in delegates selected.
Target delegate areas (not exhaustive)
Trade:
- Firms utilizing trading products
- Teams with listed markets
- Large traders
- Alternative trading interfaces
- Market Makers
Earn:
- Teams with assets integrated
- Teams building on top
- People/firms running looping strategies
- Teams managing vaults
- Large vault depositors
Ecosystem/ Community:
- Any team integrated with Drift products in any way
- Active members of the Drift community
- Active members of the Solana DeFi community
Roles and Responsibilities
Delegates are expected to complete two key functions:
- Participate in discussion around proposals, sharing their viewpoint on the effects of the proposal on Drift’s ecosystem and whether it aligns with the DAO’s goals.
- Vote on proposals in order to ensure the outcomes reflect their viewpoints and aligns with the ecosystem.
Delegates will have the option to receive a small amount of compensation for their time.
Application Process:
If you are interested in applying, please post your application as a response under this post with the following format.
- Title: Delegate Proposal – [Name]
- Brief paragraph summary of what you do.
- Brief paragraph describing how you are involved in the Drift ecosystem.
- Information on the person or people who will be directly responsible for delegate responsibilities (Name, Role, Twitter).
Please post your applications by July 1st to be considered for delegate selection. Initial selection will be at the discretion of the Drift Foundation but voted on along with a proposal to initiate the delegate program.
If you have any questions about the process or the roles, please reach out to @airtightsquid on telegram.