PGov Delegate Platform

PGov Delegate Thread

  • Delegate Profile: PGov.eth, (Tally)
  • Forum Handle: @PGov
  • Twitter: @PGovTeam

Introduction

We are a team of dedicated governance enthusiasts who have been in the governance space for over four years. Our team were some of the first members involved in defi governance and we want to apply what we have learned over the years to Morpho.

Members of the team have been involved with morpho since 2022, establishing delegate platforms in November of that year (link). We have been heavy users of the protocol since the money market optimizer days and have seen the project evolve over time. Currently, we’re proud to say that 100% of our reserve stablecoin and ETH treasury is held on Morpho. We’ve had great fun utilizing Morpho as both a high yielding savings account as well as a degen leveraged yield farm. We intend to keep and long term hold our initial delegated tokens which we have self-farmed. We’re excited to become delegates and are grateful to be along for the journey!

Core Values:

  • Growth: Our decisions are primarily focused on the growth of the protocol. This often results in how to spend money efficiently, but even more importantly and objecting for unreasonable spends and knowing when to vote no.
  • Transparency: Clear communication with votes and explanations of reasoning, and an equivalent demand for proposals to do the same. Too often we see thousands, if not millions, being rolled up together and glossed over during proposals.
  • Accountability: Too often once a decision is done, having proper accountability becomes an afterthought. Whether it’s a DAO promise or a grant or a new program, once a DAO votes something in, we forget about it. Our goal with PGov is to both continue to check in on these decisions as well as ensure that there are proper channels set up to ensure accountability.

Conflicts of Interest:

If situations arise, we will abstain from a vote, and clearly state the conflict on the forums.

3 Likes

MIP74 - Update MORPHO Reward Rate on Base

We voted Yes, accept the Proposal: We are in favor of raising the S_lim for suppliers by 20% to 60M on Base network. Our team uses the Base deployment a lot and think the combination of low gas and easy to use UI allows for a super easy onramping experience. This increase in rewards should let more people allocate more deposits to the protocol, with a lower cost to acquire $ than mainnet.

More of our opinions here:

Borrowing being much more sensitive makes sense, especially with some of the largest pools being exchange rate xxETH/ETH pools where many (including us haha) can loop 8x or more without fear of liquidation; any change in Morpho emissions will have multiples of effect. Would be very interested to see any data regarding what % of TVL is looped.

MIP75 - Begin Technical Implementation of Onchain Governance for MORPHO

We voted Yes, accept the Proposal: Due to the current token not allowing for on chain governance, if we want on chain governance, we need to deploy a new token. Pretty simple yes vote in order to allow for on chain governance.

MIP76 - Vote to Enable Transferability of the MORPHO Token

We voted Yes, accept the Proposal: Excited to see this happening! From here things start happening incredibly quickly and we’re looking forward to the future for Morpho!

MIP75 & MIP76 Minor technical adjustments

We voted For: This precautionary step in order to ensure there is no unwanted slippage is reasonable and preferred. Additionally, it might be confusing to have multiple Morpho tokens in defi and transferable, therefore, with these updates, there will only be one, the correct one, Morpho token circulating in Defi; we are in favor.

MIP77 - MORPHO-ETH Strategy by Aera

We voted Approve the Aera/Gauntlet vault: This is effectively zero cost way to provide deeper liquidity for Morpho token upon transferability and we don’t see many strong claims against.

MIP78 - Enable Wrapping for Integrators and Proxy Addresses

We voted Yes, accept the proposal: This seems like a logical step in the progression of transitioning everything over to the new upgradeable wrapped token. We appreciate the core team for having these gov updates even if it is just for formality sakes right now.

MIP 79 – Credit Guild Acqui-hire

We voted Yes, accept the proposal: This is a pretty good acquisition for the team. More original thoughts here: Link

2 Likes