DRepActive

Michele_Harmonic

drep1y28j...us4xlej4

1,977,221 ₳2M ₳voting power

61 delegators0.04% of active voting power

About

Overview

Generated from public on-chain data

Michele_Harmonic is an active Cardano DRep, registered in epoch 509. They hold 2M ₳ of delegated voting power, about 0.04% of the active stake. Michele_Harmonic has cast 38 on-chain governance votes (31 yes, 5 no, 2 abstain). Since registering, they have taken part in 38 of 149 decided actions (26%). They have published 7 rationales explaining their votes.

Governance record

Participation26%Voted on 38 of 149 concluded actionsAhead of 35% of 351 active DReps

Votes with rationale18%7 of 38 votes with rationaleAhead of 56% of 334 active DReps with votes

Vote timingDay 16.5Median point after submission across 38 timed votes

Voting pattern

38votes

Yes31 (82%)
No5 (13%)
Abstain2 (5%)

Changed vote on 1 action1 change total

Percentiles compare active DReps with at least five concluded actions since their registration. What these numbers mean

Voting power trend1.2%vs last epoch

Recognition (7)

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Activity

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YesBlockfrost's transformation to not-for-profitDecided epoch 646View rationaleExpired2mo ago

for the memes

NoUpdate Plutus Cost ModelsDecided epoch 638View rationaleEnacted3mo ago

The proposed changes should be proposed under Plutus V4 instead of as an extension of Plutus V3, according to CIP-35 (https://cips.cardano.org/cip/CIP-0035), as they include not backwards-compatible changes.

Additionally, even if all the changes were backwards compatible, extending the set of builtins tends to break all downstream tx builders (classic PPViewHashesDontMatch). This practice should be abolished in favour of upgrading the Plutus version when new builtins are added.

YesThe first node in the browser; a Cardano USPDecided epoch 636View rationaleExpired4mo ago

good proposal, would recommend

YesPebble & Ecosystem maintenance: TypeScript core of CardanoDecided epoch 635View rationaleEnacted4mo ago

good proposal, would recommend

YesPebble + Gerolamo - HLabs 2026 BudgetDecided epoch 628View rationaleExpired5mo ago

Don't mind me, I'm just collecting my voting reward at https://voting-rewards.harmoniclabs.tech/

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YesDingo: a Production-Grade Block Producer in Go by Blink LabsDecided epoch 625View rationaleEnacted5mo ago

Dingo is an incredible value added for the long term reliability of the network.

The choice of independent submission is more than appropriate for a properly decentralized (and not subject to third parties) decision making.

AbstainStablecoin DeFi Liquidity BudgetDecided epoch 589changed from NoView rationaleClosed11mo ago

I'm changing my vote from NO to ABSTAIN.

This is done as a vote of confidence in the goodwill of the committee members, trusting that they recognise the importance of their role and will act in the best interest of the protocol rather than their personal interests.

Additionally, this decision was also influenced by the announcement by CF of their plan to invest an 8-figure amount in the same market.

With this in mind, the context changes considerably,

In the event this proposal does not pass, but CF still invests a considerable amount in the small market, the problem that I was trying to avoid by voting NO would still persist.

In this context, the two entities should be able to balance each other in the event of poor decisions. With this in mind, a YES vote is on the table, but I would need to receive some feedback from the people I'm representing before such a change.

Earlier votes

No11mo agoSuperseded

The proposal lacks any safeguards against the inevitable bias of the committee members, namely, a prohibition for committee members to hold tokens associated with protocols that will inevitably benefit from their decision-making.

I would also strongly discourage a UI on top of the smart contract, as it constitutes an important security issue (see ByBit hack via the Safe wallet UI), I would suggest a local cli tool to be used on an air-gapped machine.

If any of the committee members do not know how to use a cli tool, they are not qualified to manage such liquidity.

I will consider support once these issues are addressed.

On-chain profile details

DRep ID: drep1y28j...us4xlej4
Payment address: addr1q9mh...9qgnr0h0
Registered since: Sep 15, 2024
Last metadata update: 1y ago
Data freshness: On-chain data as of 4d ago