May Update- Recognized Delegate Program

Governance Delegates
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May Update- Recognized Delegate Program

The IP community passed a proposal for the Recognized Delegates Program on December 18th. Proposal:IP Recognized Delegates Program

Compensation Eligibility:

  • Communicate on the IP forum how and why a delegate voted the way they did within seven days of the close of a vote (minimum 90% of the time) in their dedicated delegate thread.
  • Command voting weight greater than or equal to 1 basis point of the total IPT supply;
  • Participate in at least 90% of all on-chain IP votes within the previous 90 days
  • The Recognized Delegate (or one authorized representative if a team or institution) must attend at least one public protocol development call each month.

NB

*voting weight was measured based on the wallet provided on the delegate page

** Month is calculated from the 5th of the month until the 5th (unless the proposal is active on the close date)

Proposals; Interest Protocol

  • Proposal to upgrade the USDI contract on Optimism to support 2 reserve tokens
  • March And April Delegate Program Administration Expenses
  • Proposal to delist DYDX

Eligible compensated delegates for May

Delegate Voting Weight Met Activity Requirement Payment (IPT)
PGov 1,381,486.11 Yes 11396.10
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