DRep Directory

TRUST Pool DRep

TRUST Pool DRep is a Cardano DRep with ₳77.3K of voting power from 14 delegators, inactive at the moment: it does not count in votes until they vote again. Voted on 0 of the 62 governance actions of the last six months.

Status
Inactive
Voting power
₳77,258
Delegators
14
Votes, last six months
0 of 62 governance actions
Explains their votes
0 of 76 votes came with a published rationale
Registered
10 Sept 2024
DRep ID
drep1ytrf4l0jpl9k703qy5g49hga8eyleea9dl68tehj75ar5kqrxkekg

Objectives

Treasury is the backbone of Cardano

Motivations

Continue to make history on Cardano. As you all know, now we have on-chain governance. As a result TRUST Pool dedicated over 4 years since Cardano launched its mainnet and we validated blocks since day 1 with 0% downtime.Time passed really fast and now we are in the Voltaire era.The pressure becomes more real and It is our duty to keep the reputation and integrity of Cardano.As much I wanted to stay away from becoming a decentralized representative (DRep), I realized that I need to be involved in the governance process.The proposals are about to be submitted on chain, it made me realized how many bad actors we have on this space, trying to destroy our work for the last 7 years.At the moment Cardano have the biggest treasury in the crypto space (1.5 bil. ADA) equivalent of $600mil at today's market price. Keep in mind that this Treasury was built by paying a 20% tax on every transaction made by millions of users.The Treasury is the backbone of Cardano and in my opinion this Treasury needs to be leveraged in a way to attract more capital and grow.It's ridiculous to think how can we burn 1.5bil ADA coins so we can provide exit liquidity for all these bad actors. My vision is simple and to be implemented I need everyone voting power. The Treasury needs a BOND fund. Bond fund is a mutual fund or an exchange-traded fund (ETF) that buys and sells debt instruments like government and corporate bonds.For example: when proposals are submited and funds are requested from the Treasury, those funds should be released to the projects are being voted from the funds aquired from buying the Treasury bonds. Investors are buying the Treasury bonds by financing voted projects. The primary goal of a BOND fund is to generate monthly income for investors. The idea behind this strategy is simple. If we like a proposal for a specific project and we are ready to vote YES then automatically we will purchase Treasury bonds. By purchasing the bonds, not only we show support to the project but also we protect the Treasury's funds. The funds from purchasing the bonds automatically will go towards financing the projects we voted YES. Projects can only be funded by the amount acumulated from buying the bonds. If the amount requested in the proposal is not reached, then the projects need to find other ways to fund themself (selling their own corporate bonds, ICO...etc). The funds in the Treasury will never be touched to finance projects, because the Treasury is being leveraged to attract capital from investors. Only the interst for purchasing bonds will be paid by the Treasury. The bonds should have a maturity (1,3,5,10,20,30) years with a fixed anual interest. After the maturity passed these bonds can be resold on the open market. The value of Treasury bonds will increase based on how healthy the Treasury growth is. The more money in Treasury the more valuble these bonds will be. The Treasury will benefit from these funded projects by acquiring transaction fees. If you are holding any ADA now you can delegate your voting power to TRUST Pool by accessing my DRep ID through your wallet of choice.Keep in mind that your ADA is still in your wallet same as like you delegate for staking.Your ADA never leaves your wallet by delegating your voting power.Together we can make sure Cardano keeps it's integrity and reputation by good decisions being made.

Qualifications

Stake Pool Operator

Links

Latest votes