This is a proposal to delegate voting rights of 250k of SD from the SD Ecosystem Wallet** to Chris (Me) to participate in governance within the Stader DAO. The SD Treasury Wallet will maintain custody of assets and will only delegate voting power to Chris to create further diversity of opinions within the DAO and increase community transparency. That being said, I’m also good if they want to send me the SD, I’ll happily keep custody of it. In fact, it makes more sense to lockup SD and give it to me over time to ensure I make good decisions that keep the price high. If delegated I’m going to propose we give delegators some SD as a bonus in a year if SD price goes up relative to BTC to ensure there is incentive for good decision making.
I will work alongside the Stader Labs team to make decisions around market-making, governance, money, chains to add, MEV, DEFI, and other partnerships/optimizations.
I’m one of the owners of Flexpool, until the merge we were an ETH mining pool. We grew from nothing to the 4th largest pool in just over a year thanks to incredibly strong marketing. We were the first pool to publicly have MEV (and other goodies to boost ETH income) and we know a lot of the tricks/players, knowledge that Stader could use going into ETH. I’m damn good at what I do, if Stader adds MEV to Polygon it’ll be directly because I got the ball rolling. I own a small amount of SD and a decent amount of MaticX. Once Stader releases ETHx I may exchange my wstETH with Lido for it. My company may also do permissioned staking as an operator but that isn’t something we’ve decided on yet. In addition, we have tons of crypto miner customers with bags of crypto (aka great customers for staking with Stader on several chains). We run gasprice.io, an ETH gas price estimator with chain analysis (maybe Stader will rent a banner ad from us?). Several chains have PoW mining and staking so it may be a good idea for Stader to have a mining pool in its corner.
Why Do You Want Me?
In the end, you want me in your corner because I like money, I like APR, I’m an expert at marketing, and I’ll definitely work to make sure SD price goes up while Stader pays more APR than others. I get around 6% off the Matic-Maticx pool and I haven’t been selling my SD lately because I expect it to bull due to ETHx. Stader currently makes around 5% of it’s total value which is too low since after costs that means if everyone stakes, they can probably only get 2% APR. I will work to make Stader the pool people refer to when they say Rocket Pool. Going into ETHx, I’m probably one of the more knowledgeable people when it comes to ETH. I’m not a suit, I’m not a developer focused on making a good product, I’m just here to make money. I will definitely help get SD on exchanges if there’s anything I can do, but I don’t got any exchange contacts so likely not. To be straight, I will not work full-time to make Stader better for 0 pay, but I will chip in some extra time each week to review things and make suggestions. I’ve helped set up things/advise Stader in the past and as I mentioned I set up the contact between Stader and the Polygon version of Flashbots.
What is needed from Stader DAO?
Delegate voting rights of 250k of SD tokens from the ecosystem wallet. Chris will be voting from a burner address he just made. I’ll sent is some ETH if some is needed for gas later on(Address 0x3fDffa22dc2B341B6713A3d4b8C2BC301Eb0BD90 | Etherscan)