Politician Spotlight: DeFi Rate

A series highlighting "Protocol Politicians" as delegates in DeFi protocol governance

The Boardroom Newsletter aggregates the most important governance events, votes, and updates across DeFi and Layer 1 protocols cryptocurrency protocols.

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One of the results of the recent explosion of governance tokens has been the growth of diverse sets of token holders that have the ability to participate in network decision making. For many of these protocols, the governance mechanism allows for the delegation of governance rights (disassociating power and ownership).

This has created a nascent but growing market for delegates vying for votes of confidence from token holders in order to increase their influence on the protocol.

These delegates are being referred to as “Protocol Politicians” - we should expect that over the coming years, as these decisions gain more weight, political influence in network votes and social discussion will become more coveted and valuable.

Check out The Life of a Protocol Politician on the Bankless Substack

Compound Governance Bid - DeFi Rate COMP Delegation Proposal

So, with that in mind, and in an effort to bring transparency into how these delegates research, communicate, inform, and vote on governance topics across protocols, the Boardroom Newsletter will be highlighting and interviewing Politicians on a monthly basis. This month, we’re elated to feature DeFi Rate, an early mover and comprehensive resource and blog covering all things DeFi.

In the following 15 minute video, I interview Cooper Turley, Editor, and Lucas Campbell, Head of Growth, as they dive into the novel and exciting new proxy industry, and walk through the intricacies of living the life of a protocol politician:



Anchor - The Anxious Truth

Questions for the DeFi Rate Team:

  1. What protocols do you currently participate in as a governance proxy?

  2. What are the different factors that differentiate [Politician] from other delegates?

  3. How do you evaluate proposals?

  4. How are you structured/organized to vote and deliver on that?

    1. How do you avoid conflicts of interest?

  5. Have any delegators demanded transparent processes and communications?

  6. How can delegators hold you accountable?

  7. How frequently do you vote or intend to vote?

  8. How do you view the future of proxy voting? 

  9. Where can we learn more?

More on DeFi Rate

DeFi Rate | LinkedIn

DeFi Rate is a trusted resource for Decentralized Finance (DeFi). We provide non-technical users with cutting edge insights into leading DeFi projects.

Associated Governance Addresses

  • Compound Delegation: 0xcfae402f6ced5a476554235b5026c005c85c135a

Stakeholder Type

  • Media

Governance / Links to Relevant Posts

  • https://defirate.com/governance/

  • https://bankless.substack.com/p/the-life-of-a-protocol-politician


  • https://twitter.com/DeFiRate

Feel free to leave comments on that thread or here 🙏  Be sure to also check out the Boardroom Discord channel https://discord.com/invite/2ZqP3qB:

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Boardroom is a newsletter aiming to decipher the complex world of distributed network governance, politics, and power. This series highlights "Protocol Politicians" as delegates in DeFi protocol governance - subscribe below and never miss an issue: