Delegate Round-up - December 2021

Introduction

Welcome to the December 2021 edition of The Delegate Round-up. The Delegate Round-up aims to provide an overview of the Recognized Delegates operating within Maker Governance. It also serves as a one-stop forum post where members of the Maker Community can monitor how Recognized Delegates are performing.

The Delegate Round-up is a new initiative from GovAlpha. If there is anything else you would like to see added, please send me a message or leave a comment below.

In December, we welcomed @ACREinvest as a new Recognized Delegate within the Maker Protocol. We also saw a further 1186.81 MKR delegated to the Recognized Delegates, an increase of 1.55% on November.

December is the second month included in the Delegate Compensation Trial, a break-down of payments to Recognized Delegates for December is available here.

Due to the pausing of the Monthly Governance Cycle in December, there were fewer polls in December, and only two executive votes were held during this month. There are currently a large number of polls planned for the 10th of January, so there will likely be significant changes in the metrics listed below.

Recognized Delegates

At the end of December, nine Recognized Delegates were active in the Maker Protocol. In descending order of MKR delegated on the 31st of December, these were:

Delegate Delegated MKR Monthly Change Monthly Percentage Change
Flip Flop Flap Delegate LLC 32,879.61 19.00 0.06%
schuppi 20,244.67 -38.92 -0.19%
Feedblack Loops LLC 10,102.26 0.00 0.00%
MakerMan 5,231.02 159.87 3.15%
monetsupply 5,043.67 4.33 0.09%
Gauntlet 3,000.00 0.00 0.00%
ACREinvest 1,000.00 1,000.00 -
JustinCase 54.04 19.79 57.76%
GFX Labs 27.77 22.75 453.10%
Total 77,583.04 1,186.81 1.55%

Recognized Delegates Visualized

Please note for this month, based on feedback, I have changed the colours being used in these graphs to be more accessible to people with impaired colour vision. Let me know if there are any issues with this.

Delegate Metrics

GovAlpha tracks metrics that monitor Recognized Delegate performance. These are useful to both current and prospective delegators in gauging how active Recognized Delegates have been. The metrics currently tracked for Recognized Delegates center on Participation in on-chain voting and communication by Recognized Delegates regarding their voting choices.

These metrics can be seen on the delegate cards on the voting portal. In addition, a further breakdown of the participation metric is available for each delegate on their pages on the voting portal - here is a link to Flip Flop Flap Delegate LLC’s metric page as an example.

Participation

For Participation, a score of 100% would mean that a Delegate has voted in all possible polls since they started their role as a Recognized Delegate. GovAlpha tracks Participation in Governance Polls and Executive Polls separately and a combined overall participation rating.

As of the end of December, the Delegate Metrics for Participation were as follows:

Delegate Name Poll Participation Executive Participation Overall Participation
Flip Flop Flap Delegate LLC 100% 100% 100%
ultraschuppi 100% 100% 100%
Feedblack Loops LLC 89.58% 100% 90.91%
MakerMan 92.05% 76.92% 90.10%
monetsupply 76.92% 57.14% 73.83%
Gauntlet 38.89% 0.00% 33.33%
ACREinvest 100% No Data 100%
JustinCase 100% 100% 100%
GFX Labs 100% 100% 100%

Communication

For Communication, GovAlpha tracks how Recognized Delegates have communicated their voting decisions. Recognized Delegates are rewarded with a higher score for providing reasoning for their voting decisions. For example, a score of 100% would mean a Delegate communicated all of their voting decisions AND gave reasons for reaching these decisions. On the other hand, a score of 50% would indicate a Delegate communicated their decisions but did not provide any reasoning for these decisions. Their scores for each vote are combined to give an overall communication rating.

At the end of December, the Delegate Metrics for Communication were as follows:

Delegate Name Overall Communication
Flip Flop Flap Delegate LLC 100%
ultraschuppi 100%
Feedblack Loops LLC 98.5%
MakerMan 92.86%
monetsupply 79.75%
Gauntlet 100%
ACREinvest 100%
JustinCase 100%
GFX Labs 100%

Executive Votes

By looking at how long it takes for an Executive Vote to pass, we can infer whether or not the Recognized Delegates are helping streamline the Governance Process.

In December, the Governance Facilitators and Protocol Engineering Core Unit posted two Executive Votes to the voting portal. Both of these votes passed successfully.

None of the Recognized Delegates opposed either of the Executive Votes in December.

Executive Vote Date Posted Date Passed Duration (Days)
Parameter Changes, Core Unit Budget Distribution 2021-12-06 2021-12-07 1
Parameter Changes, Delegate Compensation, Vault Onboarding 2021-12-10 2021-12-11 1

Delegate On-boarding

At the time of writing, GovAlpha has not received any further applications to become a Recognized Delegate:

If anyone else wants to hear more about becoming a Recognized Delegate or has any questions, please reach out to one of the GovAlpha team. We will be happy to help.

To review the Recognized Delegate requirements, please see this forum post.

Previous Delegate Round-ups

cc: @GovAlpha-Core-Unit @gov-comms-core-unit @Recognized-Delegates

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