Author: Velora Growth Committee

• Voting Activity: Five new governance proposals (Snapshot upgrade, Treasury Manager, VCP Cycle 2, and WakeUp Labs Rewards/Gas Refunds), went up for a vote this month.

• Snapshot Upgrade: The DAO moved to adopt Snapshot Pro to maintain the governance system’s split-delegation features; payment to Snapshot was executed mid-month.

• VCP (DIP Cycle 2) Renewal in Motion: Cycle 2 renewal of the delegate incentive program advanced on from the forum with tweaks from the program manager.

• Treasury Management: A dedicated Treasury Manager proposal opened for debate, outlining mandate, reporting, and coordination with existing automations.

• Transparency & Ops: Laita Labs updates, and wrap-ups on DIP Cycle 1 contributed to a clearer operating picture for the DAO.

August shifted from July’s “prep mode” into concrete system upgrades and program renewals. The DAO pressed forward on tooling (Snapshot Pro), advanced its contributor/delegate incentive architecture (VCP Cycle 2), and opened a broader conversation on professionalizing treasury operations. Routine rewards automation continued to progress as expected while several meta-governance threads reinforced Velora’s transparency norms.

PIP-69: Velora Treasury Management; the community advanced the discussion for PIP-69 to proposal stage, seeking to establish a dedicated Treasury Manager role to professionally oversee the DAO's assets. With the treasury holding approximately 165.3M PSP and 30 ETH, and 300K USDC across various wallets, the proposal addresses the critical need for strategic asset management. The Treasury Manager will be responsible for developing diversification strategies, generating yield through DeFi products, and ensuring the DAO's long-term financial sustainability. Avantgarde Finance has been proposed for this initial 12-month term, bringing extensive experience in DAO treasury initiatives.

PIP-70: Velora Contributors Program (VCP) - Cycle 2 Renewal; building on the success of Cycle 1, PIP-70 introduces a few key enhancements to the delegate incentive program. The renewed program splits compensation into two distinct tracks: traditional delegate participation (maintaining the 4-tier system with adjusted compensation) and extraordinary contributions (rewarding high-impact work with additional Contributor Points). This evolution reflects the ecosystem-wide shift toward valuing contributors who deliver tangible impact beyond standard governance participation. The program maintains support for 15 delegates with a maximum monthly compensation of $2,500 for top performers.

PIP-68: Snapshot Pro Upgrade; at the end of July, a forum discussion was started on potentially upgrading the DAO’s Snapshot subscription. To preserve critical governance functionality, PIP-68 went up for a vote in August, proposing upgrading to Snapshot Pro at $6,000 annually. The upgrade is essential to maintain the split-delegation feature, which allows tokenholders to distribute voting power across multiple delegates. Beyond preserving existing functionality, the upgrade unlocks valuable features including increased character limits, custom domains, and dedicated support channels.

PIP-55: Reward Mechanism Automation‘s systems continued as usual into this month, with WakeUp Labs submitting August’s Rewards Distribution and Gas Refunds Distribution proposals for Epoch 33.

The Delegate Program Cycle 1 Final Report was published in mid-August, coinciding with the launch of the program’s Cycle 2 renewal proposal. It provides comprehensive analysis of the program's first six months. The report demonstrated strong participation metrics and valuable insights that directly informed the design of Cycle 2's enhanced structure.

Delegate Activation Program for Content Production was posted by SEEDGov at the end of July, establishing a new content production initiative to incentivize delegates to create high-quality educational and marketing materials about Velora. This program recognizes content creation as a valuable form of contribution, aligning with the broader shift toward rewarding diverse forms of ecosystem participation. By the end of the month, six active Velora DAO delegates submitted articles (Read more: Jameskbh, Curia, WakeUp Labs, DAOplomats, Citizen42, and Pink Brains).

Laita Labs Update Thread was updated in early August with information on product and infrastructure enhancements, protocol growth and partnerships, and community and governance.

August 2025 continued July’s trend of robust community engagement, with the addition of a greater number of formal Snapshot proposals.

• 32+ active discussion threads throughout August

• Peak engagement on a new thread: PIP-70: Velora Contributors Program (VCP) - Cycle 2 Renewal and PIP-69: Velora Treasury Management (20 contributions, each)

• Highest visibility on a new thread: Delegate Activation Program for Content Production (230+ views)

• Most contributors: PIP-69: Velora Treasury Management (16+ active participants)

• Delegate Platform Updates surged during proposal submission times (start of August for the WakeUp Labs and Snapshot Upgrade proposals, and end of August for Treasury Management and VCP proposals), with 10+ delegates offering voting rationale for the WakeUp Labs Snapshot votes.

As August concludes, the DAO should expect follow-through on various month-end initiatives:

• Professional Treasury Management: With PIP-69's advancement, the DAO moves toward institutional-grade asset management

• Enhanced Contributor Incentives: The evolved VCP creates clear pathways for high-impact contributions

• Maintained Governance Tools: The Snapshot Pro upgrade ensures continued access to flexible delegation mechanisms

• Sustained Transparency: the community can expect similar reporting standards from contributors and working groups to further strengthen accountability

The foundation laid this month positions Velora DAO for accelerated progress as we approach the protocol's token migration and continued expansion on the partnerships front. With professional structures in place and an engaged community driving innovation, September promises to bring exciting developments as these initiatives move from proposal to implementation.

Author: Velora Growth Committee

• Voting Activity: Five new governance proposals (Snapshot upgrade, Treasury Manager, VCP Cycle 2, and WakeUp Labs Rewards/Gas Refunds), went up for a vote this month.

• Snapshot Upgrade: The DAO moved to adopt Snapshot Pro to maintain the governance system’s split-delegation features; payment to Snapshot was executed mid-month.

• VCP (DIP Cycle 2) Renewal in Motion: Cycle 2 renewal of the delegate incentive program advanced on from the forum with tweaks from the program manager.

• Treasury Management: A dedicated Treasury Manager proposal opened for debate, outlining mandate, reporting, and coordination with existing automations.

• Transparency & Ops: Laita Labs updates, and wrap-ups on DIP Cycle 1 contributed to a clearer operating picture for the DAO.

August shifted from July’s “prep mode” into concrete system upgrades and program renewals. The DAO pressed forward on tooling (Snapshot Pro), advanced its contributor/delegate incentive architecture (VCP Cycle 2), and opened a broader conversation on professionalizing treasury operations. Routine rewards automation continued to progress as expected while several meta-governance threads reinforced Velora’s transparency norms.

PIP-69: Velora Treasury Management; the community advanced the discussion for PIP-69 to proposal stage, seeking to establish a dedicated Treasury Manager role to professionally oversee the DAO's assets. With the treasury holding approximately 165.3M PSP and 30 ETH, and 300K USDC across various wallets, the proposal addresses the critical need for strategic asset management. The Treasury Manager will be responsible for developing diversification strategies, generating yield through DeFi products, and ensuring the DAO's long-term financial sustainability. Avantgarde Finance has been proposed for this initial 12-month term, bringing extensive experience in DAO treasury initiatives.

PIP-70: Velora Contributors Program (VCP) - Cycle 2 Renewal; building on the success of Cycle 1, PIP-70 introduces a few key enhancements to the delegate incentive program. The renewed program splits compensation into two distinct tracks: traditional delegate participation (maintaining the 4-tier system with adjusted compensation) and extraordinary contributions (rewarding high-impact work with additional Contributor Points). This evolution reflects the ecosystem-wide shift toward valuing contributors who deliver tangible impact beyond standard governance participation. The program maintains support for 15 delegates with a maximum monthly compensation of $2,500 for top performers.

PIP-68: Snapshot Pro Upgrade; at the end of July, a forum discussion was started on potentially upgrading the DAO’s Snapshot subscription. To preserve critical governance functionality, PIP-68 went up for a vote in August, proposing upgrading to Snapshot Pro at $6,000 annually. The upgrade is essential to maintain the split-delegation feature, which allows tokenholders to distribute voting power across multiple delegates. Beyond preserving existing functionality, the upgrade unlocks valuable features including increased character limits, custom domains, and dedicated support channels.

PIP-55: Reward Mechanism Automation‘s systems continued as usual into this month, with WakeUp Labs submitting August’s Rewards Distribution and Gas Refunds Distribution proposals for Epoch 33.

The Delegate Program Cycle 1 Final Report was published in mid-August, coinciding with the launch of the program’s Cycle 2 renewal proposal. It provides comprehensive analysis of the program's first six months. The report demonstrated strong participation metrics and valuable insights that directly informed the design of Cycle 2's enhanced structure.

Delegate Activation Program for Content Production was posted by SEEDGov at the end of July, establishing a new content production initiative to incentivize delegates to create high-quality educational and marketing materials about Velora. This program recognizes content creation as a valuable form of contribution, aligning with the broader shift toward rewarding diverse forms of ecosystem participation. By the end of the month, six active Velora DAO delegates submitted articles (Read more: Jameskbh, Curia, WakeUp Labs, DAOplomats, Citizen42, and Pink Brains).

Laita Labs Update Thread was updated in early August with information on product and infrastructure enhancements, protocol growth and partnerships, and community and governance.

August 2025 continued July’s trend of robust community engagement, with the addition of a greater number of formal Snapshot proposals.

• 32+ active discussion threads throughout August

• Peak engagement on a new thread: PIP-70: Velora Contributors Program (VCP) - Cycle 2 Renewal and PIP-69: Velora Treasury Management (20 contributions, each)

• Highest visibility on a new thread: Delegate Activation Program for Content Production (230+ views)

• Most contributors: PIP-69: Velora Treasury Management (16+ active participants)

• Delegate Platform Updates surged during proposal submission times (start of August for the WakeUp Labs and Snapshot Upgrade proposals, and end of August for Treasury Management and VCP proposals), with 10+ delegates offering voting rationale for the WakeUp Labs Snapshot votes.

As August concludes, the DAO should expect follow-through on various month-end initiatives:

• Professional Treasury Management: With PIP-69's advancement, the DAO moves toward institutional-grade asset management

• Enhanced Contributor Incentives: The evolved VCP creates clear pathways for high-impact contributions

• Maintained Governance Tools: The Snapshot Pro upgrade ensures continued access to flexible delegation mechanisms

• Sustained Transparency: the community can expect similar reporting standards from contributors and working groups to further strengthen accountability

The foundation laid this month positions Velora DAO for accelerated progress as we approach the protocol's token migration and continued expansion on the partnerships front. With professional structures in place and an engaged community driving innovation, September promises to bring exciting developments as these initiatives move from proposal to implementation.