We’ve received several inquiries about whether Queen will become a DRep. In short, yes. Given the significant amount of ADA we hold, we prefer to vote directly, rather than delegating our vote to someone else. However, we don’t consider ourselves thought leaders in the space and encourage careful consideration when choosing a representative. We will ensure we familiarize ourselves with the perspectives of key figures in the ecosystem before casting votes. If we weren’t serving as a DRep, here are a few we would support, in no particular order (you can find them using their handles on twitter aka x.com)

• @SebastienGllmt
• @JaromirTesar
• @hoskytoken

If you do prefer to stay in house with Queen, Phil’s DRep-id is : drep1lx4gzl5xvmdrthnkrtc4zxdadhwsyz6rz6r80me047t0seant4v

Check out Phil’s Drep Page

For those considering staying with Queen, please familiarize yourself with some of our core values and positions:

Treasury Management:

• Conservative Approach: We believe treasury funds should only be allocated to projects with a proven track record of delivering at their own cost. Transparency and accountability are critical, and we advocate for a treasury spending cap of no more than 10% annually, likely starting much lower.

Ideas We Support:

• Continued funding of IOG’s research, which has driven innovation in Cardano.
• Greater focus on developing markets in Asia and South America.
• Supporting scalability initiatives such as Hydra, zk-rollups, and Leios.
• Privacy-enhancing features.
• Conservative funding for new projects, prioritizing those with proven experience and expertise.
• Ongoing support for IOG’s development of Cardano, as long as funding requests remain reasonable.
• Incremental, target-based funding with accountability for project milestones.
• Diversification of treasury assets into stablecoins and other assets like Bitcoin and Ethereum, provided there are robust security guarantees.

Ideas We Oppose:

• Treasury Fund Burning: These funds are better allocated to Cardano’s development.
• Changing ADA’s Max Supply: Altering the 45 billion ADA cap would undermine long-term stability.
• Funding YouTube Channels/Podcasts/Influencers: Such initiatives typically do not yield sustainable results.
• Funding Venture Capitalists (VCs): VCs should have their own incentives to invest in Cardano without needing treasury funds.