Ownership Economy platforms (e.g. @UniswapProtocol, @compoundfinance) benefit from independent delegates representing users in governance.

@variantfund wants to delegate to user reps (esp in DeFi) today.

Thinking about getting involved?

Wrote a list of delegate DOs & DONTs 👇
First, what does it take to be a delegate?

A: Whatever you have to give.

Value add in governance comes in different shapes and sizes: full-time, part-time, developers, users, marketers.

If you have an opinion, you can get involved.
So HOW do you get involved?

To start, monitor and participate in topics that interest you.

For example, track topics directly on governance dashboards like gov.uniswap.org or across projects aggregators like boardroom.info
Your opinion counts, and the more you express it and engage with others, the more credibility you'll build as a voice for community members to get behind.
Once you've browsed some topics and decided you want to get involved—how DO you actually execute on it?

First, signal your intent to be a delegate publicly.

Announce that you’d like to serve as delegate (e.g. on Twitter + gov.uniswap.org)
Include a delegate address in your announcement, so token holders know where to delegate to.

If the platform is based on Ethereum, thats just an Ethereum address you want associated with your identity and reputation.
Consider sharing the following info with your announcement — so token holders know where you're coming from:
Why did you decide to become a delegate?

For example, you...

- want to represent underrepresented interests in the user/developer community

- bring a new perspective to the table

- are building a project that depends on the continued success of the platform youre governing
What can platform owners expect from you as a delegate?

For example, will you...

- Be part time or FT?
- Need compensation?
- Publish a rationale on decisions before/after voting?
- Submit execution code?
- Provide initial proposals on XY or Z?
Finally, DO ask for support.

Governance is work.

Its why management teams of corporations (and succesfull co-ops!) get paid big bucks.

Solid Ownership Economy governance will reward contributions meritocratically. Propose it!
What DON'T you need to do as a delegate?

DON'T feel obliged to over-extend yourself. Do the work you're comfortable contributing, and again, ask for support where you need it.
DON'T commit indefinitely.

Be clear about how much time you can commit, and when you'll reconsider being a delegate.
DON'T abuse delegate power to advance your own personal interests.

Life is long. It'll catch up with ya.
Probably many more DOs and DONTs to add.

Feel free to jump in with more.

I'll compile and put together a blog post to live on beyond Twitter.
As I started by saying, @variantfund is looking to delegate its stake in community-owned networks to delegates today.
I'm going to start pinging some folks I'd love to see more of in Ownership Economy platform governance, particularly in DeFi ... stay tuned.

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Jesse Walden

Jesse Walden Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @jessewldn

9 Oct
Product Design continues to be a gaping hole in the crypto talent market (next only to mechanism designers.)

If you’re looking to do life changing work in a burgeoning industry, nows the time to jump in.

Happy to connect to top teams in the space.

Even if only curious, lmk!
If you're interested in the future of finance, here are some teams looking to hire (feel free to add more!)

Read 4 tweets
8 Oct
Paging data-driven, crypto-curious researchers:

@variantfund is growing the team!

I'm hiring a data-driven Research Analyst to work w/ me on new investments + supporting founders building crypto networks & The Ownership Economy.

Interested? 👇
variant.fund/hiring-a-resea…
YOU:

+ A detail oriented self-starter, intellectually curious, with strong analytical and communication skills

+ Thrive off of new ideas and excited to push our thinking

+ Have a technical background or a demonstrated ability in data-driven analysis
+ Are excited to design and track the metrics that are most critical to understanding and forecasting the progress of important crypto and Ownership Economy projects.
Read 7 tweets
14 Jul
In pursuit of a more equitable and innovative internet, I'm launching something new 🚀

@VariantFund is early-stage venture capital for crypto networks and founders building The Ownership Economy.

Whats that? I explain here: variant.fund/the-ownership-…

Thread 👇
One of the most remarkable things about the technology we use everyday is the degree to which it is built, operated and even funded by its users.

Think of open source software, user-generated content, marketplaces, crowdfunding.

The Ownership Economy is what comes next.
Ownership has been a powerful tool for incentivizing talented people to dedicate their skills to building startups in Silicon Valley.

While this model has been incredibly successful, it hasn’t been accessible to all.
Read 24 tweets
27 May
Opinion: like most waves in tech, developers and technologists were first to harness the innovation of crypto tokens & markets to drive the development of community owned products at scale.

This idea is at the core of the success of #Bitcoin & Ethereum, but it doesn't end there.
Ever since @UniswapProtocol tokenized $SOCKS (unisocks.exchange) I've been excited about the potential to democratize financial inclusion while also to supporting creators, founders, their projects and ideas.
Thats why its exciting to see @withFND launch today—a platform for creators to mint tokens that represent a piece of their work.

withfoundation.com
Read 5 tweets
8 Mar
Crypto has a traditional business model.
Whats new is who benefits from it.

A good mental model is API microservices:

Stripe 💳 Pay per charge
Twilio ☎️ per SMS

dAPIs

#Bitcoin Pay per transfer
Ethereum 👩‍💻 Pay per function
Compound 💸 Pay per borrow
Uniswap 💹Pay per exchange
Stripe or Twilio shares are valuable because they capture a fee stream.

Most crypto tokens will similarly be valuable because they are backed by fees in a marketplace.

Whats new is that tokens can be distributed like packets, directly to users who make the service valuable.
Fees only make sense if you’ve got enough defensibility to charge them and still win.

In each of the dAPI examples given there are network effects at play.

Network effects create switching costs, which in turn, create an opportunity to extract a margin by charging a fee.
Read 5 tweets
4 Feb
If you're not as deep in crypto, you might've missed that headz are minting their own personal tokens.

Redeemable for access to the creator, personal tokens are adjacent to more mainstream tech trends like #PassionEconomy memberships & ISAs

Call it #PatronageforProfit ?
Buying personal tokens is a bit like paying for a Substack newsletter, or backing a Kickstarter project.

Value accrues to the creator, and can be used to fund the production of products or services.

The key difference is access to upside (+downside), like an ISA.
As there's more demand for a creator's token, price should increase.

A patron who doesn't redeem can profit from that appreciation by selling a fraction of their tokens.

But is #PatronageforProfit a feature or bug?
For whom?
Read 14 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!