stakeGeek - Liquid Staking for ICP

General
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Hi GeekFactory, thanks for your quick response on my last post. I appreciate your answers. Please note that I don’t consider my post to have contained accusations about what GeekFactory is trying to do, only observations regarding what StakeGeek does do (as I understand it). Which is incentivise members of the community to relinquish voting power to StakeGeek, without a plan for how that voting power will be used or managed longer term. I believe this is well-intentioned, but I think it risks being described as irresponsible (particularly given the voting mechanism ideas floating around so far). But it’s good to hear that you consider the governance aspect to be arguably the most important.

Given the discussions that you’ve been having with key ecosystem players, are you able to share any further details about what sort of governance solution you’re leaning towards at this stage?

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23

While awaiting a response to my previous question, I’ve thought of another question that should help give more context to my concerns.

@GeekFactory claim that they consider governance to be important in the context of what they claim to be delivering with StakeGeek. But can GeekFactory explain:

  • why they consider this to be important in the context of StakeGeek (and liquid staking)?
  • What about IDgeek? How does IDgeek address this arguably most important concern (or does it)?
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Hi @GeekFactory, further to my other questions, can I ask for some commentary on the process that GeekFactory goes through when reviewing IC-OS proposals (before you vote)?

I noticed that GeekFactory was one of the few named neurons that voted yes on the following IC-OS proposal a few weeks ago → Proposal to elect new release rc–2024-07-18_01-30–github - Governance - Internet Computer Developer Forum (dfinity.org). Note that at least two of the other named neurons that voted yes are known to vote blindly on IC-OS releases. There were very blatant issues with this proposal, which was why it ended up being rejected.

Here’s a screenshot I took of the yes votes at the time when I rejected the proposal.

yes votes at the time of my post
yes votes at the time of my post749×674 29.7 KB

See here for the final results.

I’m asking this question because StakeGeek is offering financial incentive for users to relinquish their voting power to GeekFactory. GeekFactory claims to take governance seriously. In this context I’d appreciate it if you could shed some light on what happened with GeekFactory’s vote in this case (and how GeekFactory generally handle reviewing IC-OS releases).

Thanks in advance :pray:

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