Delegate Round-up - October 2021

Introduction

Welcome to the first edition of The Delegate Round-up, a new monthly update from GovAlpha. 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.

October was a turbulent month for the Recognized Delegates. There was a large re-distribution of delegated MKR towards the end of the month, as well as our first Recognized Delegate stepping down from their duties. GovAlpha would like to thank @Planet_x for his time and effort as a Recognized Delegate and wish him all the best for the future.

Recognized Delegates

At the time of writing, we have five active Recognized Delegates. In descending order of MKR delegated, these are:

This table will also track monthly changes in MKR amounts delegated to the Recognized Delegates in future months.

Recognized Delegates Visualized

bar chart showing MKR delegated to each Recognized Delegate

pie chart showing relative vote weight of Recognized Delegates

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.

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 as a combined overall participation rating.

At the time of writing, the Delegate Metrics for Participation are as follows:

Delegate Name Poll Participation Executive Participation Overall Participation
FlipFlopFlap Delegate LLC 100% 100% 100%
Feedblack Loops LLC 86% 100% 87.72%
Field Technologies Inc. 98.04% 100% 98.25%
monetsupply 83.67% 50% 80%
MakerMan 84.09% 40% 79.59%

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 time of writing, the Delegate Metrics for Communication are as follows:

Delegate Name Overall Communication
FlipFlopFlap Delegate LLC 100%
Feedblack Loops LLC 80%
Field Technologies Inc. 90.57%
monetsupply 73.17%
MakerMan 89.74%

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 October, the Governance Facilitators posted four Executive Votes to the voting portal. All four of these votes passed successfully.

Executive Vote Date Posted Date Passed Duration (Days)
Offboarding USDT Collateral, Core Unit Budget Distributions 2021-10-01 2021-10-02 1
Offboarding Vaults, MKR Vesting, and Core Unit Budget Distribution 2021-10-08 2021-10-09 1
Parameter Changes, WSTETH-A Onboarding 2021-10-22 2021-10-26 4
Aave D3M Onboarding and Core Unit Budget Transfers 2021-10-29 2021-10-31 2

Delegate On-boarding

In October, GovAlpha has received one new application to become a Recognized Delegate:

@ultraschuppi has thrown his hat into the ring, and his delegate platform can be found here.

There will be a Meet Your Delegate call with ultraschuppi hosted by @prose11 on 2021-11-03 at 17:00 UTC if anyone would like to hear from our newest 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.

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

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Awesome!

Graphics, pretty please? :slight_smile:

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Will see what I can do for the next one :grinning:

Edit: @juan added some graphs because you asked so nicely, will do more for the next one

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