Blockful Delegate Thread

Delegation Pitch: blockful


Name: blockful

Twitter/Website: blockful_io / blockful.io

Delegate Address: gov.blockful.eth

Primary Contact(s): gabrielnovak.eth | telegram | Twitter

Introduction

Blockful is a team who have been contributing to ENS development since 2022. We’ve evolved from protocol contributors to governance security specialists, combining deep smart contract expertise with advanced research methodologies to anticipate and neutralize governance attack vectors before they materialize.

Our proven track record includes identifying and preventing a potential governance attack in 2 DAOs.

Vision and Focus

Superfluid has proven its reliability and versatility through seamless streaming payments, powering applications like payroll, vesting contracts, subscriptions, and innovative financial solutions within the ecosystem. We firmly believe Superfluid is poised to become the leading tool for streaming payments, with strong potential to expand into mainstream platforms.

As active Superfluid users and DAO contributors, we are dedicated to enhancing the reliability, security, and clarity of Superfluid’s governance. Leveraging our expertise in DAO governance security beyond code, we are committed to actively supporting the DAO’s smooth operation, robust security, and alignment with its objectives.

Commitment and Engagement

Blockful is committed to active participation in forum discussions, advancing DAO objectives, addressing security concerns, and supporting DAO operations. We will share our voting decisions in this thread, providing transparency on our decision-making process and their expected impact. While total hours may vary, we anticipate dedicating approximately 10 hours per week initially, depending on discussion intensity.

Why Delegate to Me?

Blockful already protected ENS DAO from a risk of attack that could have stolen more than $70 million, we are also present in ENS Security Council. Blockful is committed to making the right choices to ensure the DAO’s security and growth, beyond governance.

Delegating to Blockful is delegating to the DAO’s longevity.

Feel free to reach us any time!

2 Likes

Proposal: SIP-5 — Enable Transferability of the SUP Token
Vote: Against

Rationale:

While we support the motive of this movement, the current proposal lacks several details. Specifically, it needs a more thorough plan for liquidity management, a clearer outline of the technical steps involved in the token upgrade, and a deeper analysis of potential price fluctuations and market-making requirements.

These gaps could lead to governance capture over time, as there’s little clarity on how these aspects will be handled. This also introduces risks related to sudden market movements and wallet concentration.

Another point to consider is that we’re currently in the middle of the SUP distribution season. With engagement on the rise, a change like this could significantly alter the dynamics of SUP incentive rewards.

This proposal needs a more in-depth analysis, with a clear outline of how, the pros and cons.

2 Likes