Name: Arana Digital
Delegate Address: 0x0579A616689f7ed748dC07692A3F150D44b0CA09
Delegate ENS Address: aranadigital.eth
Twitter/X: https://x.com/aranaventures
About Arana
Our members are deeply steeped in the crypto space and have multiple years of participation in protocol governance. With delegation history for DEXs, money markets, L2s, liquid staking protocols, and stablecoins, we’re acclimated with a breadth of sectors. We bring a diversity of experience to DAOs–our members have consulted for companies like Immutable and dYdX, worked at crypto investment and trading firms, set up various validator nodes, and run educational events for university students.
Core Values
Diligence: We thoroughly investigate each proposal, engaging with other delegates and service providers to gather diverse perspectives and insights prior to making a decision.
Transparency: We openly share information about decisions and their rationales, providing clear and accessible updates, and ensuring that all processes are effective to the community.
Innovation + Sustainability: We champion initiatives that will both allow the DAO and its underlying protocol to sustain its advantages, all the while continuously looking to iron out flaws and introduce efficiencies.
COI Disclosure
We are actively involved as delegates and contributors in multiple other DAOs. Any relevant conflicts of interest will be publicized when needed.
Waiver of Liability
By delegating to Arana Digital, you acknowledge and agree that Arana Digital participates on a best efforts basis and will not be liable for any form of damages related to its involvement in 1inch governance.
319 Likes
Hey @Arana Digital, some large hoolders recently delegated to you. Your current voting power is over 700k. Just a heads up!
Summary:
This proposal suggests that the 1inch DAO engage Messari to produce four quarterly reports in 2025, analyzing metrics and providing insights into the 1inch Network. These reports aim to enhance transparency and inform strategic decisions within the DAO.
Voting Position: No
Justification:
We voted against this proposal since it’s difficult for us to justify this expenditure as the value attained from the Messari report is rather hazy. A key question to ask here is what the purpose of this proposal is—do we intend to utilize the information produced from this report to support internal initiatives, or do we want to spread awareness for 1inch to investors, for example? Arana has an investment arm, and we do use Messari. They do great work; however, the conversion rate for us investing in protocols that Messari reported on is rather low. We use Messari to collect general information about the status of protocols. I think we can fund another research team to conduct similar research for a smaller capital investment.
Summary:
This proposal aims to offboard Fantom, Kaia, and Aurora from the 1inch protocol due to their relatively low volume and high operational costs.
Voting Position: Yes
Justification:
We voted in favor of this proposal as it allows 1inch to reduce its spending on chains that bring little to no ROI. Fantom makes sense due to the transition they’ve recently had towards Sonic. Gnosis has a bit more volume than the other three chains, but the presence of CoW Swap makes it very difficult for 1inch to remain competitive in any capacity on Gnosis. Offboarding Aurora also makes sense, and I don’t think I’ve even heard of Kaia. Periodically revisiting this type of exercise would prove financially prudent for 1inch with other chains as well, along with effective exploration of up-and-coming chains.
Summary:
Renew the Recognized Delegates Program for 12 months.
Voting Position: Yes
Justification:
Our team joined 1inch DAO over the past couple of months and have partaken in the recent recognized delegate calls, becoming more acclimated with the DAO’s operations. In order to bring more delegates on board over time and further increase productive discussions, we have voted in favor of this proposal. As the potential responsibilities of delegates increase, like with the legal working group, this stipend is a beneficial incentive.