Cardano Foundation CEO Frederick Gregaard recently outlined the crucial next steps following the impending vote of Cardano SPO (Stake Pool Operators) in a recent interview.
Frederick Gregaard, CEO of the Cardano Foundation, recently discussed the Stake Pool Operator (SPO) vote and Cardano’s latest development initiatives in a meeting.
The SPO poll allows all Cardano SPOs to vote on three questions regarding the future direction of the Cardano network.
This initiative, according to Gregaard, will not only add another layer to Cardano’s governance model, but will also help foster a stronger Cardano community.
While the CEO emphasized that this poll is not a vote, he also explained that the results would be a useful tool to help ensure transparency and community engagement.
Gregaard further clarified that the SPO poll will take advantage of the uniqueness and verifiability of each betting pool’s configuration, providing unique insight into community preferences. After the poll, Cardano holders who have delegated to these pools will have the option to continue supporting their SPO or choose to redelegate based on SPO votes.
Regarding the impact of the SPO survey on Cardano, the results will be taken into consideration by the Protocol Parameters Committee, a newly created group with representatives from various entities associated with Cardano. The goal of the committee is to review and possibly implement the changes suggested by the survey, thereby helping to streamline Cardano’s development and further its evolution.
The SPO survey is part of a larger effort by the Cardano Foundation to improve its transparency and community engagement.
Other initiatives include the annual report or “transparency report”, as Gregaard calls it, which outlines the foundation’s achievements and goals, as well as financial information. The CEO believes that these efforts will not only foster greater understanding within the community, but will also lead to greater accountability and efficiency in the operations of the foundation.