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🎉Appointee Collection🎉 ♠️CTEC Stake Pool♥️ Ticker :CTEC Margin :1%✨ Fixed Cost :340₳ Lifetime Blocks :12369 Live Stake :14.9m I will contribute to the Cardano blockchain.😊 Best regards, and thank you for your time.🙇‍♂️ CTEC✅ カルダノ Cardano ADA SPO Drep
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Well said and this is why I think o the sides of a Drep DAO is a non starter. DREPs need to keep the job of judging whether to award a pot of money to a team based on their historical performance and the proposal itself. To have a situation where DREPs become proposers for their own DAO proposal to receive money will just be a farce imo.
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CBH - Cardano Blockhouse retweeted
📢 Time is running out for dReps and SPOs to vote ⏰️ Voting ends tomorrow June 15th ✅️ Check if your dRep and SPO voted and if not encourage them to vote. Or consider moving your delegation to someone who did vote 🗳 app.ekklesia.vote/voter-dire…
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Ricardo Esteban Garzon Mesa retweeted
Jun 13
Cardano DRep distribution I am leaving this here... oh and btw. EMURGO, one of Cardano's three founding entities, holds 21.1% of all active delegated voting power through two DRep registrations (Emurgo and Yoroi). Any concerns about this?
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Vishwameet Mishra retweeted
If you want a Drep that isn't going to crash out anytime soon, has been in Cardano since 2017 and genuinely cares about the mission of Cardano and Midnight, I'm here for you. Or, become a Drep yourself and get involved! drep1ytfwpmt2fvdnyvlswyjyggpf8alwkpm7ha6cua9nsak525ssmvm57
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To be fair, that’s actually how the shareholder system works in practice most of the time for public companies. Most people are not buying individual stocks, most companies that do buy individual stocks give their voting rights to an individual at the company with relevant expertise, and a huge portion of stock purchases are via ETFs (S&P 500) which delegate their voting rights to the fund managers. The problem isn’t delegation itself, it’s the lack of economic incentives around it. If the voting rights of an ETF are delegated to a moron, the ETF performance will suffer, investors will suffer and leave the fund and the ETF managers will suffer. So if voting rights are poorly managed, then the delegated authority for the ETF voting rights is replaced. We need direct economic incentives tied to voting. If the totality of proposals that your dRep votes to approve result in a bad outcome, you as a delegator need to be financially punished. That is the only way to achieve a merit based system. The exact same thing needs to hold true for stake delegation, if you delegate to an incompetent stake-pool, you need to be financially penalized for their incompetence (slashing). This can be quickly added without changing the liquid stake model by having the slashed amount come out of the delegators reward account. At the very least, this would force delegators to be active to withdraw their staking rewards constantly if they wish to delegate to an incompetent stakepool (in which case why deal with the pain of this, they will likely just delegate to a competent stakepool to avoid this headache)
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🔔 Goofycrisp DREP Update 📊 Current Voting Power: 49,819,176 ₳ 👥 Total Delegators: 889 Delegators If you’d like to delegate to a DREP that aligns with your values, consider delegating to Goofycrisp. 🔗 Link in comments 👇
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Replying to @CashAnvil
What is a drep? Also move to hyperliquid
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I think one of the challenges here is that you don't really have to be a significant shareholder to have an outsized share of control on Cardano. All it takes is a 500 ADA dRep deposit and you can control unlimited voting power.
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⚠️ AS A DREP, I VOTE NO ON REFORMING TREASURY GOVERNANCE A new vote is live in Cardano governance: Reforming Treasury Governance. This is not a direct request for treasury funds. This is an Info Action proposing a new model for how Cardano’s treasury should be governed. The idea is simple: Today, DReps vote on specific projects: who asks for money, how much they ask for, what they will build, and how it benefits Cardano. This proposal suggests a different model: 🔹 first vote on the overall spending limit 🔹 then vote on a general budget structure 🔹 then create a strategic entity 🔹 then create an expert commission 🔹 and then this commission would select projects inside the approved budget At first, it sounds organized: strategy, structure, planning. But I see a serious risk here. If DReps stop voting directly on specific projects and only approve broad budget frameworks, real decision-making power may move away from DReps and into commissions and expert groups. That means the community votes through DReps, but the most important funding decisions could later be made by a narrow group of people. For me, this is not decentralization. This is a path toward a new closed system inside Cardano. I am not against treasury reform. I support transparency, accountability, audits, and strategy. But I am against any model where DReps lose the direct right to evaluate treasury spending and individual projects. Cardano’s treasury belongs to the ecosystem. DReps must keep real control over how treasury funds are spent. That is why my vote as DRep is: NO. My position is simple: ✅ transparency — yes ✅ accountability — yes ✅ strategy — yes ❌ transferring decisions to commissions — no ❌ weakening the role of DReps — no ❌ centralizing treasury governance — no Cardano must move toward decentralization, not toward a new elite that decides who receives funding and who does not. My DRep: MREDGARCROSS DRep ID: drep1y269ehxj30k4vfzfc2z84v0xykd3amuy2xn0kv9zf8rhcec2fg2jr 📚 My courses and materials: 🔹 Ledger / MetaMask 🔹 VIP Portfolio 2030 🔹 Digital Financial Assets and crypto investing Website: mredgarcross.com/ Telegram: t.me/PROCENT666 VIP bot: t.me/MREDGARCROSS_BOT YouTube: youtube.com/@MrEdgarcross #Cardano #ADA #DRep #CardanoGovernance #Treasury #Decentralization #Crypto #MREDGARCROSS
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✅ CARDANO GOVERNANCE: MY VOTE AS A DREP — YES There is an active Cardano Governance Action: Reimburse Ikigai Info Governance Action Deposit Action type: Treasury Withdrawal Amount: ₳103,000 The idea is simple. In September 2024, shortly after the Chang hard fork, an early governance action was submitted under the title: Cardanoの生きがい — Ikigai It was a symbolic action — a message of gratitude to those who helped Cardano reach on-chain governance, and a statement of hope for the future. But due to a bug in the Cardano node, the ₳100,000 deposit could not be returned to the submitter. Now this action proposes to reimburse: 🔹 ₳100,000 — the lost deposit 🔹 ₳3,000 — compensation for lost staking rewards 🔹 Total: ₳103,000 As a DRep, I vote: ✅ YES Why do I agree to return these funds from the treasury? Because this is not a grant. This is not a team budget. This is not a request for millions of ADA behind a beautiful presentation. This is a reimbursement to a person who was among the first to participate in Cardano governance and lost the deposit not because of fraud, but because of a technical error in the system. My logic is simple: If the system made a mistake, a mature system must be able to correct it. Cardano is not only building a blockchain. Cardano is building trust. And trust is built not only on code, but also on fairness. That is why my vote is: ✅ YES I agree to return ₳103,000. 👤 I am MREDGARCROSS DRep My DRep ID: drep1y269ehxj30k4vfzfc2z84v0xykd3amuy2xn0kv9zf8rhcec2fg2jr When you delegate your vote to me, you are not delegating silence. You are delegating a position. 📚 MY COURSES AND MATERIALS 🔐 Ledger / MetaMask How to safely store crypto, connect Ledger, use MetaMask, and avoid losing your assets. 📊 VIP Portfolio 2030 My long-term view on the crypto market, coins, strategies, and portfolio planning until 2030. 🏦 DFA / Tokenization / New Financial World A breakdown of digital financial assets, tokenization, banks, blockchain, and the future economy. 🌐 Website: mredgarcross.com 📲 Telegram: t.me/PROCENT666 🤖 VIP bot: t.me/MREDGARCROSS_BOT ▶️ YouTube: youtube.com/@MrEdgarcross 𝕏 X: twitter.com/MrEdgarcross #Cardano #ADA #DRep #CardanoGovernance #Treasury #Blockchain #Crypto #MREDGARCROSS
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Alder Nodes retweeted
I said it before in other occasions, and once again: Please, ALL DRep, think about @eternlwallet We basically fund every "shit", but not the ones which are here from the start and we use on a daily base. LETS DO SO!
This is a difficult one. No funding for @eternlwallet means the team will need around 5,000 users to purchase PRO subscriptions to sustain development for another year. If that support doesn’t materialise, the wallet won’t disappear, but development will be scaled back, and Eternl will enter maintenance mode until better times. Eternl reportedly has around 130,000 installations across browsers, iOS and Android. It remains one of Cardano’s most widely used wallets, yet its future development is now uncertain. The irony isn’t lost on me. I reluctantly abstained from their funding proposal while using Eternl to submit the vote. Many of you support my YT channel by buying me a coffee. When that time comes, you may also need to buy Marcel a few coffees.
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🔥 MY DREP VOTE ON HYDRA — I VOTE YES A new Treasury Withdrawal proposal has appeared in Cardano Governance for Hydra. Requested amount: ₳5,100,781 Type: Cardano Treasury Withdrawal Voting deadline: July 9, 2026 Initiator: IO / Hydra My DRep vote: YES Why I vote YES: 🔹 Hydra is Layer 2 for Cardano It allows Cardano to process fast transactions with near-zero fees, while final settlement still happens on the main Cardano blockchain. 🔹 Cardano L1 is reliable, but not fast enough Cardano’s base layer is strong in security, decentralization, and the eUTXO model. But DeFi, gaming, AI agents, micropayments, DEXs, and RWAs need speed. 🔹 Hydra solves one of Cardano’s main problems How to make the network not only secure, but also convenient for mass adoption. 🔹 This is not theory Hydra is already being used or tested by Delta DeFi, Masumi, Intersect voting infrastructure, Blockfrost, VTech Labs, Glacier Drop, and other projects. 🔹 The funds are not just for “development” The budget is aimed at performance, operational stability, ecosystem support, and developer experience. My main argument: If Cardano wants to compete with Solana, Ethereum L2s, and other fast networks, it needs a strong Layer 2. Without Hydra, many high-speed applications simply will not choose Cardano. Hydra is like a fast channel inside a large reliable system. Many operations happen quickly inside, and the final result is recorded on the main blockchain. Like in blockchain and in life: a foundation without movement becomes slow, movement without foundation becomes chaos. Cardano L1 is the foundation. Hydra L2 is the movement. That is why my DRep vote is: ✅ YES / FOR HYDRA DRep: MREDGARCROSS DRep ID: drep1y269ehxj30k4vfzfc2z84v0xykd3amuy2xn0kv9zf8rhcec2fg2jr 📌 My crypto courses and materials: 🔹 Ledger / MetaMask — crypto security and self-custody 🔹 VIP Portfolio 2030 — my ideas and strategy for this cycle 🔹 DFA — Digital Financial Assets explained simply Telegram: t.me/PROCENT666 VIP bot: t.me/MREDGARCROSS_BOT Website: mredgarcross.com/ YouTube: youtube.com/@MrEdgarcross #Cardano #ADA #Hydra #CardanoGovernance #DRep #MREDGARCROSS #Blockchain #Crypto #Layer2
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This is my DRep! 👏🏼👏🏼👏🏼
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With deep regret, I’m stepping down as a dRep. Thank you to everyone who never supported me — I truly couldn’t have done it without you. Keep winning without me. No I’m not a dRep, just posting for the trend 😅
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