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Delegate Statement

Reverie is a full-time governance activist. We’ve worked with projects like Compound, dYdX, and Uniswap on several high-impact initiatives (e.g., DeFi Education Fund, running an auction process to hire an auditor for Compound, and the dYdX Grants Program. As part of our work, Reverie is an active voter in the governance processes of projects we’re involved with. We believe great projects need great governance. Our motivation to be a delegate is simple: we care about governance, are excited about Optimism, and as a result, want to be involved in the governance process!

My view on the Optimistic Vision 11: For better or worse, the easiest way to get great people to do great things in a capitalist system is to pay them. As a general matter, we’re very aligned with the idea that (i) money is a thing that can be used to get great people to do great stuff, (ii) the more money (profits) you have, the more great people you can get and the more great stuff you can do, and (iii) public goods can generate a profit, and that profit can be re-invested into more public goods (read: great people). It won’t all be rosy (there are plenty of private, rent-seeking actors masquerading as public goods entities), but with the right people sitting at the “profit allocation table,” we believe the goal is an achievable one.

My view on the first three articles of the Working Constitution: We think it’s fair to say we don’t know exactly what Optimism will look like in three to five years. As a result, we don’t think it makes sense to have rigid rules around governance — a rigid constitution around a fluid and emergent technology/community would significantly slow the growth of the ecosystem. To that end, we really like the idea of fluid governance.

My skills and areas of expertise: Our team specializes in governance (we’re governance activists after all), investing/capital allocation (prior to this, half of our team worked in investment roles at crypto VC funds), and speaking when we’re called on (i.e., doing the work we’re supposed to be doing!).

My favorite Web3 projects: afraid of responding to this; the projects we don’t name will get mad at us :)

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