Name: Joshua Scigala
Position I am Applying For: Council Member, Long Term Incentives Pilot Program
TG: @Vaultoro
Twitter: @jscigala
Affiliations: Co-founder, TheStandard.io, Vaultoro.com
Why Joshua Scigala is the Ideal Candidate
Professional Experience and Blockchain Advocacy
My journey in the blockchain space began in 2010, deeply rooted in Bitcoin and expanding through various significant ventures and initiatives. Notably, I co-founded Vaultoro.com in 2014, the first Bitcoin/physical gold exchange fully audited by BDO, and introduced the Glass Books transparency protocol, an alternative to Peter Todd and Gregory Maxwell’s Merkle tree solution. I designed the protocol to enhance transparency in the CEX domain. My experience extends to leading TheStandard.io, a next-gen borrowing and stablecoin protocol on Arbitrum, emphasizing borrower flexibility through trading locked collateral and dynamic NFT’s integrated smart vaults so that people can sell their CDP’s.
Contributions to Arbitrum and the Crypto Community
As a cofounder of TheStandard.io, my focus has been laser-aligned with the success of Arbitrum. My advocacy for Layer 2 solutions, stemming from the Bitcoin blocksize debates, reflects my firm belief in their necessity for scalable blockchain technology. Arbitrum’s role in Ethereum’s ecosystem is paramount, and my contributions have been dedicated to reinforcing its position as a leading L2 solution.
Vision and Motivation
My motivation for joining the council is anchored in my extensive experience and ability to discern promising projects from fleeting ones. Having witnessed the evolution and pitfalls of DAO grants within the first real functioning DAO (DASH) I have seen what works and what doesn’t enable real groth in a protocol. I was one of the few publically calling out algorithmic stablecoin projects including Terra Luna two years before it’s demise because I had seen it before with projects like bitshares. I bring a seasoned perspective to the council. My vision for the LTIPP involves prudent investment in promising protocols, education initiatives, and R&D to maintain Arbitrum’s status as the premier Ethereum L2 platform.
Approach to Incentive Applications
A good incentive application, in my view, should demonstrate a clear understanding of Arbitrum’s ethos, scalability potential, and a tangible plan for contributing to the ecosystem’s growth. Rigorous evaluation standards, balancing innovation with practicality, will be my guiding principle in reviewing applications.
Goals for the LTIPP
My aim is to leverage my 13 years of industry (both CEX and DeFI) experience to guide the council in making informed, forward-thinking decisions. Ensuring the longevity and robustness of Arbitrum as the go-to Ethereum L2 is paramount. My role will include contributing insights from my exchange management experience and a comprehensive understanding of the crypto landscape’s nuances.
This is me 12 years ago letting people know that bitcoin is not a scam and shows my dedication to decentralisation.
