This proposal outlines the process for the upcoming elections of the Protocol and Ecosystem Councils of Mangrove DAO for the first half of 2024 (Feb-July). It aims to set the mandate period, define compensation, outline expected duties, and detail the application and election procedures.
2. Rationale
The election of council members is a fundamental aspect of maintaining effective governance within Mangrove DAO. By electing qualified individuals, we ensure that the DAO continues to operate efficiently and in accordance with its strategic objectives. This proposal seeks to formalize the election process, fostering transparency and community involvement.
3. Specification
Mission and Required Skills of Councils
Protocol Council: Focuses on maintaining the Mangrove protocol, overseeing research, product management, devops, security operations, and technical enforcement of governance decisions. Required skills include expertise in Mangrove technology, Ethereum/EVM technology, security in Web environments, and crypto.
Ecosystem Council: Responsible for economic and social aspects, including strategy curation, partnership management, and treasury oversight. Required skills encompass protocol and product design, DAO governance and operations, treasury management, marketing and communication, business development, and developer relations.
Mandate Period and Compensation
The Council members of the first cohort will serve for approximately five months, starting from the vote closure to July 31, 2024.
Compensation is set at 2500 MGV per month.
Duties and Expectations
Ecosystem Council members are expected to dedicate about 5 to 10 hours per month to their roles.
Protocol Council members are expected to dedicate about 2 to 4 hours per month to their roles.
Active preparation and participation in two to three council meetings per month are required.
Each member should oversee at least one area of concern for the DAO and provide monthly reports on their area.
Members will also be signers of the council’s multisig, participating regularly in transaction signing.
Council members are expected to engage actively in the DAO’s initiatives, contributing to discussions, decision-making, and the overall growth and health of the ecosystem.
Application Process
Candidates are required to apply by responding to this proposal on the forum.
Applications must include:
Your name or pseudonym
The council you’re applying to (Protocol or Ecosystem)
Why you think you’re qualified to be a council member (experience, skills, etc)
Which domain or initiative you wish to drive forward over your mandate
An Ethereum address that you directly control
Election Process
The application submission period will be closed on February 22, 2024 at 7pm UTC.
Elections will be conducted over a period of 5 days, hosted on Snapshot, where the general governance will cast their votes.
Election results will be published on the Mangrove DAO forum.
Elected members will receive an NFT signifying their position and will be added to the council’s multisig.
The initial council meeting will include the appointment of a secretary responsible for organizing meetings and posting monthly reports.
Edit Feb 29: Updating the expected amount of work for each Council, since less work is expected from the Protocol Council
Qualification
I’m currently the Governance Lead at Mangrove Association (ADDMA). I have also been serving as the President of the association (this mandate is about to expire in the coming weeks).
I’m a DAOist, a commoner, and a former entrepreneur. At Mangrove, I’ve been instrumental in getting our product and business operations off the ground, I drove the design and the implementation of our governance model, launched the Pods’ initiative, and overviewed financial and legal matters.
More generally, I’ve been active in the DAO and crypto space since 2015, as a contributor, founder, advisor, investor, and writer.
Key Goals
As a member of the Ecosystem Council, I plan to:
Focus on establishing the activities of the Councils as the primary steward for Mangrove.
Oversee the preliminary phase of the Pods program, making sure that at least 2 pods are launched over my mandate.
Qualification
With a deep background in DeFi and a keen interest in privacy-focused solutions, I bring experience from my previous roles in communications and marketing at a leading protocol.
Currently, I spearhead the marketing and communication efforts for Mangrove, in collaboration with ADDMA. Additionally, I’m the co-founder of Brume Wallet, the first EVM-compatible wallet enabling off-chain user privacy and I’m also part of a DeFi marketing agency runned by former Ankr, Injective Labs, Flipside and Binance peers.
Key Goals
As a member of the Ecosystem Council, I plan to:
Overview the implementation of our Marketing and Communication strategy
Ensure that strategic partnerships are closed in order to establish Mangrove as a premier liquidity hub on Blast and other chains
I am currently full time researcher at CNRS (France) specialising in formal modelling and verification of distributed systems.
Key Goals
As a member of the Protocol Council, I can help assessing improvement proposals and their potential impact on security issues we considered so far.
Qualification
I’m currently the Product Lead at Mangrove Association (ADDMA). With a deep background in product, mathematics, finance and DeFi, I bring experience from my previous roles as a quantitative analyst and product manager.
I’ve been leading product at Mangrove for more than 1.5years collaborating with all workstreams at the project and keeping the close contact with our investors. Additionally, I’ve been representing the project at various conferences and engaging with our community (partnerships, AMA sessions).
Key Goals
As a member of the Ecosystem Council, I plan to:
Establish and execute product strategy
Ensure that strategic partnerships are established
As a member of the Protocol Council, I plan to:
Manage product and execute on product roadmap
Ensure that protocol development is aligned with project strategy
Qualification
I’m am a recent active contributor to Mangrove protocol including the Mangrove strat lib second iteration (gh handle: maxencerb). I also actively contribute to the sdk, the subgraph, bots, and all smart contracts efforts with our partners.
In the past, I worked Stake DAO, a DeFi protocol focused on liquid staking of governance tokens with an accent on veTokenomics. I also worked with Ownest to maintain a polygon validator. Studied dev, engineering, and finance at Pace University, New York and ESILV, Paris. (more info on https://maxencerb.com)
Key Goals
As a member of the Protocol Council, I plan to:
Help , overview and assess technical possibilities to widen the protocol goals
Overview potential partnerships by giving tools and ideas on integrations and strengthen our integration pipeline.
Qualification
I’ve been in the crypto space full time since late 2016.
Co-founded Atka alongside my partners William Piquard and Gabriel Rebibo in 2018.
Over the years we have managed the operations of a CEX, started a crypto advisory firm helping both large corporate clients and startup launch their token projects, launched a crypto fund in 2020 and invested in a couple dozen of projects, launched our incubator in 2021 and helped projects like Mangrove and Morpho on strategy, operations, fundraising, tokenomics…
I’ve been involved with mangrove since early 2021 and was mostly focused on the fundraising (handled most conversation with Vincent for both fundraising rounds) and tokenology aspects : both token distribution plans and programs, and tokenomics design.
Key Goals
If I am to be elected as an Ecosystem council member, I will want to bring my expertise on tokenology, future fundraising plans and go-to-market:
token distribution schemes
future fundraising strategies
token listing on CEX/DEX and facilitating market making deals
secondary goals
help on GTM / Tokenomics reflections
facilitation of partnerships and other protocols integration
Recently, I’ve taken on a strategic leadership role within the Mangrove Association (ADDMA), concentrating on Go-To-Market (GTM) strategies and the pursuit of Product-Market Fit (PMF).
My background in DeFi is extensive and robust, with four transformative years at Aave where I played a pivotal role in growing it into one of the largest liquidity pools and one of the most dynamic DAOs. My responsibilities included steering risk management, ensuring the robustness of the game theory aspects of the system, risk calibrations, and facilitating the onboarding of service providers.
Beyond my tenure at Aave, my engagement with cryptocurrency dates back to 2017, during which I’ve contributed as an advisor, investor, and active participant in numerous projects (including OWC, IndexCoop, Sherlock, Aavegotchi, Pudgy’s and CryptoPunks).
Key Goals as a Member of the Ecosystem Council:
GTM & PMF: Leveraging my extensive experience to drive effective Go-To-Market strategies that align with Mangrove’s long-term vision.
Partnerships & Ecosystem Expansion: Fostering strategic partnerships and nurturing an ecosystem that supports growth, innovation, and collaboration
Tokenomics & Fundraising: Developing and refining tokenomics that ensure sustainability and growth, alongside spearheading fundraising efforts to secure resources necessary for expansion and development
I am eager to contribute my work and expertise to the Ecosystem Council to position Mangrove as a DeFi leader
With 7+ years of experience in web3, coupled with an extensive network and a solid sales track record in the cryptocurrency space, I believe I have the necessary skills and qualifications to excel as an Ecosystem Council member, and support Mangrove on it’s journey to the peak.
With a background of selling Treasury Dashboards to OG DeFi Protocols (OlympusDAO, Alchemix, REDACTED Cartel, et al), growing one of the most active Polygon native teams across multiple blockchains and platforms, angel investing, active Pudgy Penguins holder and community member, and more recently a part of Nethermind team (one of the most respected crypto brands), I currently serve Mangrove as Head of Business Development since more than a year, focusing on Strategic Partnerships and Growth.
Key Goals as a Member of the Ecosystem Council:
Contributing to defining strategies for bringing liquidity to Mangrove’s book.
Sourcing new partnership opportunities, leveraging on my network and research activities.
Co-creating and overviewing the execution of growth strategies across multiple markets.
Playing a key role in defining plans for prospecting business partners.
Supporting the development of negotiation plans and strategy for achieving mutually beneficial deals with partners.
As an extra, I consider myself as a go-to guy, someone open to support wherever is needed, for tasks of different nature, so I would be more than happy (and honored) to support in this initiative.
Qualification: Having been a Quantitative Portfolio Manager for many years, I believe I possess strong experience in cross-asset systematic strategies, within both traditional and decentralized finance. For the past four years, I have served as the CTO at Canopy, where we focus on developing voluntary carbon credit projects, primarily through reforestation efforts. I joined Mangrove as a Quant and Carbon Advisor in 2022.
Key Goals: As a member of the Ecosystem Council, my objectives are:
To bridge the gap between traditional and decentralized finance, leveraging my understanding of quantitative strategies to enhance Mangrove’s ecosystem.
To foster innovation and research within Mangrove, aligning with my track record of leading R&D in quantitative finance.
To promote the integration of sustainable and carbon credit trading solutions within Mangrove, drawing on my experience as a carbon developer.
Qualification
As a new contributor at mangrove, I have a fresh set of eyes to focus on burning issues and new pain points as they appear. I am eager to work to push us to the next level of excellence and strength as a protocol
I have spent the last 6 years working on various crypto projects as an architect/team lead, provided technical insight into new technologies as they have developed and enabled projects to scale to millions of active users.
I am incredibly enthusiatic about crypto and the future that it can provide for everyone as we enable new technologies and advancements in the space
I studied for my Masters in Mathematics at Lancaster University with a focus on elliptic curve cryptography so I feel at home working on the blockchain ecosystem.
Key Goals
As a member of the Protocol Council, I plan to:
Contribute to the development and technical roadmap for Mangrove DEX, SDKs, and related components.
Focus on user security and fund protection in all decisions made by the council, using my background to provide direction and improvements
Engage with the technical community for feedback on how to best adapt the protocol to the needs and interests of the community, aiming to build a robust developer support network and advocate for Mangrove in the long term.
I’ve been an active contributor as DeFi Quant for one and half years, and now as an advisor. I’ve been working on our AMM called Kandel for about six months. I’ve worked on product, contributed on Mangrove strategic shifts, giving advice from many standpoints such as Research, Product and Strategy.
My background is very DeFi native; I’ve been very involved in DeFi for about five years. I follow every new hype and have a super instinct to detect the potential of something. Since the first day I joined the team, I always pushed to follow new trends and listen to what the daily changing markets would fit for Mangrove. Mangrove aims to take a central place as a marketplace, and my mission would be to make this happen.
Goals as a Member of the Ecosystem Council:
Make sure Mangrove GTM enters its hyper growth phase and fits Blast Ecosystem.
Propose new solutions to keep the heat and engagement with our community through incentives, points and new amazing ideas.
Share, suggest and bring new ideas to the table and push for them through the team.
As a member of the Protocol Council, I plan to:
Inform about new break-through in order books and potential future pivots.
May mangrove flowers bloom in the most shining ecosystem.
For more than a year, I’ve been closely monitoring the progress of Mangrove development. Working for a protocol that partners with Mangrove, I’ve had opportunities to leverage Mangrove Core in creating novel use cases within DeFi. This experience has given me a deep understanding of its workings.
As a Solidity / Cairo developer, I have over 2 years of experience in Solidity and over 1 year in Cairo development. One aspect I particularly enjoy as a developer is witnessing how Mangrove can function as a central Octopus for all liquidity, enabling innovation in DeFi and introducing unique mechanisms.
Goals as a Member of the Ecosystem Council:
I aim to assist in creating an onboarding framework for new developers on Mangrove.
My goal is to onboard as many developers as possible onto Mangrove.
As a member of the Protocol Council, I intend to:
Conduct research on how Mangrove can explore non-EVM ecosystems.
Assist in reviewing technical proposals and ensuring new implementations don’t disrupt the current protocol.
Qualification
I have been actively involved in the French crypto landscape since 2021. My focus lies in coordinating the legal compliance of newly-created projects and supporting their successful deployment and development.
I am currently an active member of the Mangrove Association (ADDMA), which I joined a year ago. I participate in handling administrative matters between the association and its members and partners while contributing to maintaining a solid legal framework for the development of the protocol.
Key Goals
If a council has to interact with third-party entities in the course of its role, it must be able to carry out its actions with the utmost legal certainty. In this regard, I consider it crucial to:
oversee overall contractual interactions within the ecosystem (councils, ADDMAs, pods, contributors…);
Qualification
I am a co-founder of the Mangrove project. My contributions mostly centre on researching the design space of strategies for liquidity provision on Mangrove markets and how to make them best synergise with other on-chain protocols. I have skills in computer science and financial systems.
Key Goals
Foster new ways to surface and assess the power of the full on-chain programmability of Mangrove markets.
Qualification:
Engaged in the Ethereum and DeFi ecosystem for several years (DeFi France, ParaSwap, Ethereum France), I joined Mangrove as an Office Manager 1 year ago. Curious and self-taught, I am committed to serving projects that uphold strong human values and innovation.
This is what I found at Mangrove. As an advanced user of DeFi, the protocol immediately caught my attention due to the extremely concrete use cases it could address. I work daily to manage the day-to-day operations of the Mangrove protocol. My world is a large spreadsheet where administrative, financial, and legal considerations intertwine.
In general, I consider myself a community activist, which naturally led me to dedicate myself to the growth of DAOs. The proposition of multistakeholder governance seems significant to me, and I wish to see it further emerge.
Key Goals:
As a member of the Ecosystem Council, I plan to:
Run for the position of secretary by assisting in the preparation of the agenda for each meeting.
Establish regular reporting on the Council’s activities and ensure that it is properly transmitted to the DAO.
Oversee treasury management by preparing forecast documents
Provide operational support for the governance forum by following up on community requests.
Ensure alignment between the council’s decisions and those made by the DAO.
As we progress with our council formations, I’d like to offer my personal view on applications to both councils.
While everyone is free to apply and to support for candidates to both councils, I strongly advise to apply for a single council, or at least to express one’s priority. This opinion is rooted in ensuring our governance remains robust and focused, particularly in safeguarding technical and security decisions from business influences.
An overlap in membership between the Protocol and Ecosystem Councils can blur the essential separation, making technical decisions vulnerable to business pressures. This is the primary rationale for having two councils in the first place!
In addition, concentrating on one council enables members to dedicate their expertise where it’s most impactful, maintaining the integrity of our decision-making process.
The distinction between councils is crucial for upholding the security and technical soundness of our protocol, free from external business considerations. This approach ensures each council can operate within its domain effectively and independently.
Thank you to all who participated in the elections for the first Mangrove DAO Councils! The vote concluded last weekend, engaging over 50% of the voting power.
Congratulations to the newly elected Council members!
