MOKSH Stake Pool (Single Pool Operator) & DRep

REPOST but to Cardano: Dear @Cardano, we have been in deep discussion with @IOHK_Charles and how recent price declines will impact their budgeting needs / ability to deliver on IO proposals. Combine that with my sincere belief that we do require more structured leadership (in conjunction with constructive community involvement); @emurgo_io will shift to a "Yes" vote for IOR. We are at an existential moment for @Cardano where actions we take now will reverberate through our ecosystem. Also make no mistake, that every chain, is facing the same decision. EMURGO believes the following: 1. Leadership: At this time, I believe need an executive function that is led by Charles @IOHK_Charles, Fred @F_Gregaard and myself @phillip_pon alongside Jack @JBriggsLondon at Intersect. The community will and must be involved. 2. Infrastructure: We need to fund infrastructure and @IOGroup and some specific protocols / projects remain best positioned to ensure core needs are met. @Cardano_CF also does work on these matters, alongside @IntersectMBO. @emurgo_io maintains libraries that are used by nearly all Cardano projects. 3. Commercial: Investments must also be prioritised but we must also accept that most will fail. It is the nature of early stage investment but we must try to create a thriving ecosystem that embraces a multi-chain future. Strike offers other chains too. @LayerZero_Core is essential to this strategy as are @circle, @PythNetwork , @DuneAnaIytics and @FireblocksHQ. 4. Marketing & Branding: Web3 is fighting for attention in the age of AI. @Cardano has a unique opportunity to rise above the fray alongside @MidnightNtwrk @F_ZK_Now. Having said that, I am not a proponent of parties, happy hours, or 'free drinks'. Marketing & Branding are serious efforts that need to be led by serious people. I was recently at a dinner with a VC, Regulator, Market Maker, and prominent project where more was done to advance Cardano's relevance than a glad handing party of the usual faces. @emurgo_io will support serious Marketing and Branding efforts. There is a lot more I want to say but I want to call upon all DRep to vote "Yes" to the IOR proposal and for those who have abstained or voted "No" to reconsider. Price has changed, therefore, the value & importance of the proposal has increased.

In difficult times we need to stick together. Focus on the mission and ignore the haters. What we’re learning is that while there are many benefits of a decentralized system; an executive function to set the parameters is needed especially in an industry sector that has not fully matured. We welcome conversations with @IOHK_Charles @F_Gregaard @JBriggsLondon to perhaps revisit our current governance. I believe there is a place for the community, DReps and CCs but perhaps more focused in our asks or better incentivised. We have or will be reaching out to the FEs and Intersect to find a way forward. And in all the doom and gloom; we do have some positive announcements in the pipeline for Cardano. Stay tuned.

Hi @Cardano and @MidnightNtwrk In my years in crypto, I’ve not seen another founder like @IOHK_Charles who has worked so tirelessly for the success of the projects that they have founded and built. It is imperative that we come together and recognise that we do not have a right to remain in the top10 (or higher). @MidnightNtwrk completes a missing and essential core primitive that was built as a partner chain to @Cardano in mind. I understand that we are all feeling the pain of another crypto winter and it’s difficult to bear. But like all winters, it will end. However, we will only emerge stronger if we put aside old grievances (that sincerely distract us from moving forward) and show institutions (who are deciding which L1s to adopt) that we have a strong and committed community. We are not only stronger together (@Cardano x @MidnightNtwrk); but we are more relevant.