CardaFlow
3.8K posts

CardaFlow
@Carda_Flow
#PNutWifHat, #UTXBros, Decentralization ₳dvocate DRep ID (CIP-129): drep1y279cte2lujj9lde4lmz07wsku5fvra69htrleyx9ahr60cn42uaa

Jensen Huang: Never fill a chair with the wrong person








The objectives


Shit... Some whale just voted that the DAO should get 90% of the NIGHT and ADA holders should get 10%

1. I read it 2. I think about it 3. I vote on it early + rationale 4. I ask delegators to redelegate if they disagree 5. I have enough delegated stake 6. I vote ❌ if it is from Emurgo or Yoroi until 15 March 2027 Minimum Viable DRep for Minimum Viable Governance





If @emurgo_io and @YoroiWallet do not fix and reverse their govrnance power grab very soon, I will be forced to treat them as hostile actors re: Treasury Withdrawals for a period of 12 months when I will do a new review. Pentad proposals would be assessed - each carefully.








I am extremely disappointed in both @YoroiWallet and @emurgo_io over how this voting power is currently being handled. After spending time investigating the governance flows, it is far less surprising to see how the two of them (or should I have said one of them) have accumulated close to one billion ADA of combined voting power. I have supported Yoroi for many years. I have recommended it to users, defended it when criticism came up, and generally tried to give the benefit of the doubt. That is precisely why this situation is so disappointing. Over the last three hours I went through the Yoroi governance flow end to end across several different user journeys. Wallet setup, governance introduction, delegation screens, confirmation steps, new wallet experience. The process makes it very easy for a user to end up delegating voting power to YOROI. In practice, it is far easier than selecting an independent DRep and every user experience pushes users into this direction, whilst also being extremely obscure. That is not a neutral user experience. Thread incoming.







