We voted YES on prop 46. We are excited about this upgrade, especially the possibilities that x/authz will open for governance. It could unlock delegation and help in decentralizing decision making throughout.
We voted YES on prop 47.
While a fully-fledged community-centered staking program would be even better, we think pStake went above and beyond to integrate community feedback. pStake also has an algorithmic validator choice that is fair and unbiased, and the smaller size of this program means it’s a good experiment with liquid staking providers.
We voted ABSTAIN on prop 48.
Since StableLab proposed the STBP grant program, we feel it would be inappropriate to vote YES here. That said, we believe dYdX would benefit handsomely from its implementation, boosting decentralization and empowering the community.