►
From YouTube: Inter Protocol Community Call #6 — November 2022
Description
00:00 Introduction
00:44 Agoric Fees
https://community.agoric.com/t/network-change-instituting-fees-on-the-agoric-chain-to-mitigate-spam-transactions/109
04:24 Incentives live on Osmosis and Crescent
06:31 Discussing accepting DAI (DAI Post Link)
https://community.agoric.com/t/add-axelar-dai-to-parity-stability-module/102
07:40 Economic Committee Minting Limits
08:58 Risk profiles of Osmosis and Crescent
10:21 IST vs. Governance Tokens
12:16 DCF Update - Fourth Seat of Board of Directors
13:10 Economic Committee Compensation Proposal
https://community.agoric.com/t/economic-committee-budget-proposal/110
14:10 Inter Protocol / Agoric Transition Period
16:38 Inter Protocol Analytics and Metrics
https://Analytics.Inter.Trade
18:08 Peg Stability of IST
19:30 Update on Vault Contract
22:35 Community and Marketing Updates
A
A
You
know
so
actually
later
today
we
also
have
an
AMA
with
axelar.
That's
at
3
P.M
Eastern,
20
UTC.
So
that's
in
about
what
two
and
a
half
hours.
So,
if
you're
free
you
want
to
join
that,
that's
also
happening
on
the
inter
protocol
Twitter,
so
yeah,
let's
dive
right
into
it.
So
you
know
I
think
someone
had
brought
up
the
fee
topic,
so
maybe
Dean
you
want
to
touch
on
that.
I
think
that's
an
interesting
one!
Sure.
B
B
B
Kepler
is
set
up,
so
it
defaults
to
build,
but
it
actually
will
support
both
build
and
IST
and
the
fees
are
in
the
you
know
thousandths
of
a
cent
range
right.
So
so
it
is
so
you
must
have
one,
and
if
you
are
spamming,
it
will
eat
you
alive,
but
if
you
are
doing
normal
business
it
will
be
vanishingly
small
and
entirely
unnoticeable.
This
is
not
a.
This
is
not
a
source
of
Revenue.
This
is
a
source
of
of
spam
prevention
and
and
and
really
and
and
really
will
help.
B
You
know
make
sure
that
people
who
have
legit
stuff
to
do
will
be
able
to
get
that
done
so
and,
as
usual,
you
can.
There
are
three
different
fee
grades,
so
one
thousandth
of
a
penny,
two
thousand
or
one
thousandth
of
a
dollar
I-
guess
I,
guess
that's
a
tenth
of
a
penny,
two
tenths
of
a
penny
and
six
tenths
of
a
penny
in
IST
or
in
essentially
the
equivalent
in
BLD.
So
that's
the
that's,
the
the
the
the
that's
the
the
fee
structure.
A
B
Jesse
has
a
a
has
a
post
to
provide
the
background
for
this
in
the
community.goric.com
discourse,
and
people
should
go
there
to
talk
about
it
if
they
have
questions
or
suggestions,
and
this
will
evolve
over
time
right
now,
we're
using
the
native
simplest
fee
structure
to
the
spam
prevention,
but
this
will
wire
into
more
General
fee
and
prioritization
mechanisms
over
time.
Thank
you.
A
A
C
For
it
I'm
here,
okay,
I
wasn't
sure.
If
I
was
talking
or
Yusuf
was
talking
so
yeah
I
mean
you
have
we
have
sort
of
incentivized
build
incentivized
IST
pools,
we
have
a
stable
swap.
Essentially
we
have
ranged
liquidity
that
is
incentivized
on
Crescent
and
it
was.
It
was
encouraging
to
see
I
think
I
I
looked
at
it
this
morning
and
there's
like
350
000
a
each
in
liquidity,
I
think
at
least
in
each
of
the
pools,
which
was
intriguing,
which
was
like
a
really
good.
D
Yeah
and
also
I
want
to
add
that
I
think
that
the
arrival
of
die
is
going
to
help
a
lot
been
spending
some
time
on
Twitter,
and
you
know
people
have
concerns
saying
that
it's
centralized
because
we're
back
only
by
for
now
by
USD,
here
and
usdt,
so
that
is
gonna
help
us
move
away
from
that
centralized
narrative,
not
to
mention
that.
Obviously,
it
is
a
great
asset.
D
It
and
yes,
yes,
correct
and
so
the
the
someone
suggested
to
add
it
to
add
die,
but
the
axillary
version,
and
with
the
with
the
econ
committee,
we
found
alignment
on
also
suggesting
to
add
gravity,
because
it's
important
to
have
both
Bridges
and
yeah.
So
we'll
see
where
the
discussion
discussion
goes,
but
we're
confident
that
it's
gonna
should
happen
fairly
soon.
D
B
Nice
and
do
you
have
do
you
have
I'm
I'm
curious
and
maybe
this
is
covered
in
the
thread.
Have
you
talked
about
the
because
you
know
everything
gets
added
with
a
minting
limit?
Have
you
talked
about
what
the
the
the
minting
limits
would
be
and
how
that
relates
to
the
current,
maintaining
limits
yeah
so.
D
So
we
need
to
figure
out
like
what
are
we
doing,
because
we're
only
using
20
of
the
total
depth
limit
as
of
today,
but
USD
graph
is
failed.
So
should
we
rebalance
take
some
from
usdc
and
put
it
into
USD
and
we
also
need
to
take
into
consideration
die
so
we'll
discuss
that
in
about
an
hour
with
the
with
the
econ.
E
B
Well,
actually,
I
I
wanted
to
go
back
Yusuf
earlier.
You
mentioned
that
you
know
seeing
ISD
show
about
showing
up
on
gravity
or
sorry
showing
up
on
on
Crescent,
currently
larger
than
osmo
Crescent
has
the
incentives
active,
the
osmo
ones
are
in
flight,
so
so
I
I
just
you
know,
I
think
that
that's
sort
of
the
the.
C
The
risk
profile
just
for
oh
liquidity
provider,
on
osmo
and
on
osmosis
and
and
Crescent,
are
very
different
right.
The
the
you
are
you
are
in
a
stable
swap
essentially
in
on
on
Crescent
right
now,
so
you're
there
is
no
underlying
impermanent
loss
risk
assuming
some.
No,
you
know
no
issues
with
the
IST
mechanism
and
nothing
like
a
tether.
You
know
no
tether
d-pag
or
anything
like
that.
C
B
Right
so
you
know,
it'll
be
it'll,
be
interesting
to
see
how
those
how
how
how
how
how
how
people
move
their
assets
across
those
two
different
things,
and
it
is
so
great
to
be
connected
to
multiple.
You
know
high
quality
change
in
this
area
and
be
able
to
do
that
and,
as
as
you
said,
I'm
looking
forward
to
to
to
connecting
to
others
on
on
chains
like
evmos
and
Juno.
C
C
These
are
very
different
assets
than
like
you
know,
than
like
typical
governance,
tokens
that
are
created
from
thin
air,
and
you
know
it's.
It's
amazing.
On
one
hand,
it's
like
like
more
and
more
of
of
the
pieces
of
the
cosmos,
Dex
ecosystem
and
The
Wider
Dex
ecosystem
are
like
coming
to
piece
coming
together
to
make
it
like
possible
to
do
interesting
things
with
these
assets.
But
on
the
other
hand,
you
have
this.
C
You
know
like,
oh,
like
we
would
really
like
there
to
be
stable
swaps
and
ranged
liquidity
on
all
of
the
Texas
in
the
ecosystem.
That
would
be
really
amazing,
but
we'd
also
like
to
have
you
know
the
kind
of
depth
of
information
that
we
get
off
of
Osmosis
on
every
chain
in
the
ecosystem,
and
you
know
all
of
these
things.
It's
just
like.
Okay,
like
there's
still
a
lot
of
like
potholes
in
in
the
Dex
ecosystem,
to
to
overcome.
A
B
A
F
Santi
I
appreciate
that
DCF
couple
of
things
for
the
Community
First,
just
in
terms
of
of
basic
news,
happy
to
announce
that
we
have
filled
the
fourth
seat
on
our
board
of
directors.
We
filled
that
seat
with
a
very
fine
individual
named
silky
Noah
L
rifai
silky
is
a
crypto
lawyer
and
coder.
Some
of
you
may
know
her
from
her
association
with
gnosis,
where
she
was
the
general
counsel
and
the
chief
legal
officer.
F
We're
really
lucky
to
have
her
she's
got
a
big
old
brain
that
is
very,
very
focused
on
this
space
and
she
is
very
D5
friendly
as
well.
She
brings
us
some
expertise
and
some
European
Focus
that
the
board
was
lacking,
so
welcome.
Silky.
Second
I
wanted
to
highlight
for
the
community
that
the
economic
committee
compensation
proposal
is
currently
in
its
discussion
period
on
discourse
and
that's
community.org.
F
So
stay
tuned,
there's
going
to
be
more
activity
coming
out
of
DCF
in
relation
to
building
Community
interaction
and
really
establishing
Community
governance
around
the
inter-protocol,
and
that's
super
important
in
the
community
needs
to
step
up
and
get
engaged
in
that
you
know,
gorrig
has
other
fish
to
fry
other
irons
in
the
fire.
Whatever
you
want
to
say,
they're
a
development
company,
that's
got
other
projects
going
on.
A
F
E
A
E
A
E
Go
for
it
all
right
yeah,
so
you
know
Rick
Rick
brings
up
the
agorkopco
has,
has
you
know,
other
development
projects
that
are
sort
of
being
worked
on,
I
I
think
it's
clear.
It
needs
to
be
clear
that
that
sort
of
focus
on
chain
level,
development
right
so
there's
a
whole
bunch
of
stuff
that
needs
to
happen
at
the
chain
level
to
to
make
the
egork
chain
and
the
ugoric
platform
sort
of
get
it
to
the
right
place
where
it
needs
to
be
for
mainnet
3,
and
so
you
know
yes.
E
Obviously,
the
software
development
around
inter
protocol
is
something
that
we're
focused
on.
But
a
lot
of
a
lot
of
the
effort
also
is
is
sort
of
lower
level.
Smart
contract
framework,
kernel
level
kinds
of
work,
and
so
you
know
with
that
I
you
know:
I
I
have
a
few
updates
that
I
wanted
to
go
through.
E
Yusuf
also
described,
hitting
minting
limits
around
usdt
gravity,
which
was
an
interesting
development.
We
actually
saw
during
some
of
the
market
instability
last
week
or
I.
Guess
this
week,
I've
lost
track
of
time.
We
we
saw
actually
a
few
folks
that
seem
to
be
potentially
arbing
through
the
psms,
and
so
that's
something
that
the
econ
committee
flagged
as
it
was
happening
and
I.
E
Imagine
now
that
Crescent
pools
are
live,
we're
gonna,
see
that
remain
tight
over
time,
so
that's
been
encouraging
to
see
and
I
I
guess.
Lastly,
and
I
know
we're
running
up
on
time,
so
I'll
be
quick
here.
I
wanted
to
talk
about
vaults,
so
the
big
effort
on
the
inter-protocol
side
from
a
gorgopco
is
launching
the
vaults
contracts.
E
Right
now
we
are
closing
in
on
finalization
of
the
liquidation
design,
which
is
going
to
start
with
a
a
Dutch
auction
of
collateral
and
so
building
that
out
getting
getting
input
from
economic
advisors
and
and
various
stakeholders
around
how
that
should
design,
how
that
design
should
work
and
any
issues
that
we
see
there,
but
targeting
sort
of
a
q1,
2023
time
frame
for
the
vaults
launch.
So
all
that's
looking
good,
we've
kind
of
gotten
things
quite
organized
and
and
feeling
good
about
about
that
launch.
E
A
A
D
We
also
had
last
week,
Roland
Santiago
and
myself
a
call
a
podcast
with
the
binance
love
0x499,
which
got
I,
think
almost
3
500
views
and
for
us,
the
economy
committee
in
the
short
term.
What
we're
going
to
work
on
is
basically
a
line
on
a
framework
to
to
onboard
new
collateral
for
votes.
So
I
think
this
is.
A
A
Cool
cool,
yeah,
yeah,
we'll
we'll
make
sure
to
push
that
out,
so
people
can
join
yeah
so
I,
you
know
kind
of
following
up
to
you.
You
said
you
know
we,
you
know
again
just
a
reminder:
we
have
an
AMA
with
with
axelr
later
today
at
3
P.M,
it's
in
about
two
hours
now
so
definitely
stop
by
it'll,
be
on
the
inner
protocol.
Twitter
again.
E
A
E
A
B
Well,
I
have
to
say,
as
you
know,
driving
the
on
on
a
lot
of
the
software
development
and
so
forth.
The
fact
that
it
that
there's
now
all
this
stuff
happening
that
you
know
by
people
that
are
expert
at
things
that
I'm
not
expert
at-
and
it's
just
all
happening
with
you
know,
independent
and
growing
and
and
and
and
and
flourishing
out
on
the
cosmos
ecosystem,
where
I
get
to
now
watch
is
just
is
just
an
amazing
Delight.
So
so
it
you
know
it
feels
like
the
the
the
the
you
know.