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From YouTube: DXdao Community Call [2021-01-13] (audio)
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A
Hello
and
good
morning,
everybody
I'm
your
host
kenan
welcome
to
the
january
13th
2022,
weekly,
dx
style
community
call
lots
of
great
stuff
on
the
agenda
today
I'll
be
chatting
the
discord,
rep
booths
carrot
campaign,
retrospectives
some
more
on
the
dxd
holiday
pull-ups
and
a
bunch
more
as
usual,
we're
going
to
kick
it
off
with
some
recaps,
starting
with
our
beloved
treasury.
B
Hi
guys,
can
you
hear
me
loud
and
clear
awesome
well,
on
the
treasury
side,
what
has
been
happening?
So
I
would
say,
over
the
past
weeks
we've
staked
some
eats.
Finally,
we
still
have
some
eave
to
stake.
Actually,
but
gas
prices
have
kind
of
been
abhorrent
these
past
couple
of
days,
so
looking
for
a
good
opportunity
to
get
around
to
that,
so
we
still
have
stake
wise
and
rocket
pool
which
we
want
to
stake
into.
These
are
still,
I
would
say,
like
test
amounts
to
kind
of
test.
B
The
water
we've
also
been
in
touch
with
stake,
wise
to
make
sure
that
you
know
we
are
able
on
mainnet
to
kind
of
hold
these
assets,
because
you
know
some
of
these,
like
stakewise,
come
in
a
two
token
model,
while
others
like
lido
just
rebase.
So
rebathing,
of
course,
is
a
lot
easier,
but
we're
pretty
confident
all
of
them
will
actually
be
fine
to
hold.
B
So
we
won't
need
to
deploy
any
re-layers
or
anything
to
kind
of
claim,
any
rewards
etc,
which
is,
of
course,
very
important
to
us
to
kind
of
have
like
a
more
passive
approach
as
on
main
end,
we
don't
have
the
ability
to
do.
B
Generic
multi
calls
that
easily
we
have
to
whitelist
stuff
and
it
all
takes
a
while
and
other
than
that
currently
working
on
kind
of,
like
the
q4
treasury
report,
so
kind
of
looking
to
give
an
overview
of
what
we've
accomplished
and
done
over
the
past
year
and
also
looking
at
you
know
the
kind
of
goals
for
this
year.
So
I
think
overall,
without
giving
away
too
many
spoilers
last
year,
was
really
you
know
getting
a
bit
kick-started
about.
You
know
how
to
do
treasury
proposals,
etc.
B
We
put
a
large
effort
into
diversification,
which
you
know
worked
out
quite
well
for
us,
and
I
think
this
year
you
know
we're
very
interested
in
finally
starting
to
get
some
yield
on
our
assets,
always
a
bit
challenging
when
you're
in
a
position
of
dx
dow,
where
you
know
we
kind
of
want
to
do
it
in
a
as
decentralized
way
as
possible.
But
you
know,
as
taking
eaves
is
something
we've
begun
with.
B
I
think
there
are
a
lot
of
other
opportunities
and
stuff
we
can
do
in
fact,
on
on
xdi
as
well
or
like
well,
guns
is
chained
now
there
are
also
a
couple
of
opportunities
which
we
should
even
be
able
to
partake
in
directly
through
the
treasury
through
the
generic
multi-course.
So
I'm
pretty
confident
we
should
be
able,
for
example,
to
provide
liquidity
on
curve
or
something
like
this
or
you
know
any
any
protocol
with
no
slippage
or
time
stuff
involved.
So
that's
something
we're
working
on
and
then
related
to
the
treasury.
B
Of
course
we
have
also
the
buyback
going
on
so
we're
actually
about
to
hit
the
most
recent
amount
we
had
sent
into
the
buyback
relay.
B
So
let
me
just
open
my
google
docs
here,
but
I
believe
we've
purchased
back
around
4.5
we're
already
at
4.6
million
us
dollars,
total
of
dxd
purchased
back,
which
equates
to
1375
ether.
We
sold
at
an
average
price
of
0.159
and
actually
looking
to
get
an
extension
proposal
up
for
that
as
we're
running
low
on
ether
in
our
gnosis
chain.
B
C
The
first
goal
here
and
why
it's
happening
in
the
swapper
squad
versus
say
the
governance
squad
is
to
allow
trading
directly
on
swapper.
So
you
know
currently
there's
a
liquidity,
deposit,
relayer
and
so
the
goal
here.
The
first
goal
here
is
to
deposit
a
or
sorry
to
create
a
trading
relay
so
that
the
treasury
could
actually
do
direct
trades
on
the
swapper
itself.
C
Now
on
yeah
on
xday
with
the
multicolor,
I
think
we've
we've
done
some
exchanges
on
curve
and
I
think
that
works
already
curve.
I
think
you
maybe
don't
have
to
worry
as
much
about
slippage
right,
because
it's
kind
of
known
yeah,
the
sweet
spot
is
the
staple
stable.
There
are
the
light
kind
pairs
and
it's
kind
of
known
for
extremely
low
slippage,
so
it's
sort
of
a
safe
move
on
curve
to
make
it
a
trade
right
directly
with
something
like
a
uniswap
v2
fork.
C
The
the
relay
like
with
the
liquidity,
depositing
relayer,
is
checking
the
current
price
at
the
time
of
of
the
action
right
of
the
deposit
and
because
of
the
time
it
takes
for
governance,
to
happen
right
to
reach
consensus
with
voting,
you
necessarily
have
some
lag
between
making
the
proposal
and
the
actual
action
being
taken,
so
it's
impossible
to
know
what
the
price
will
be
and
what
like
you
know,
the
appropriate
price
target
and
the
slippage
around
would
be
when
you're
making
the
proposal.
C
So
that's
why
you
need
this
relayer
to
to
be
checking
oracle
prices
at
the
time
of
deposit
right.
So
basically,
this
will
expand
capabilities
a
bit
for
treasury
trades
and
allow
direct
use
of
swapper
itself.
A
Excellent,
thank
you
guys.
I
did
have
a
dedicated
spot
for
the
buy
back
as
well
as
inviting
chris,
who
made
a
comment
yesterday
on
kind
of
the
recency
of
our
trading
volume
and
whatnot,
I'm
not
sure
chris.
If
you
want
to
add
to
that
with
the
comments
you
left
yesterday,
if
not
I'm
happy
to
move
on
here.
D
You
got
to
bring
me
up
on
stage
bro,
just
yeah,
just
to
copy
the
things
I
guess
I
put
in
the
market
chatter
channel,
and
then
there
was
actually
some
additional
comments.
After
that
I
thought
I
could
talk
to
a
little
bit
yeah.
So
just
in
terms
of
trade
volume.
You
know
this
is
kind
of
a
important
aspect
for
the
buy
back,
but
also
kind
of
dxd
liquidity
in
general.
You
can
see
the
two
the
last
month
of
activity,
and
now
it's
declined
pretty
quickly.
D
D
You
can
see
there,
it's,
you
know
primarily
split
between
swapper
xdi,
swapper,
arbitrary
swapper,
mainnet
and
so
that's
kind
of
there.
I
do
think
we
need
to
think
about
dxd
liquidity
in
general
and
thinking
about
ways
to
consolidate
it
and
then,
like
increase,
really
the
ability
for
both
small
and
large
traders
to
come
in
because
right
now,
it's
kind
of
we
almost
have
like
a
goldilocks
problem
where
we
have
a
like
kind
of
a
compromise
solution
across
three
networks,
so
be
on
the
lookout.
D
For,
for
that,
I
think
the
things
to
be
thinking
of
are
things
like
changing
the
incentive
structure
in
terms
of
farming
campaigns
across
the
networks
potentially
interesting,
like
introducing
a
carrot
campaign,
particularly
one
that
could
lock
up
liquidity
so
that
we
could
like
kind
of
have
some
lps
that
maybe
have
long-term
interest
in
dxdow
and
dxd,
be
able
to
lock
up
their
liquidity
and
get
like
a
more
enticing
reward,
and
that
was
a
weight
of
increased
liquidity.
D
So
I
think
there's
that
I
think
there's
increasing
the
fees
on
the
pools
and
then
I
also
think
we
should
be
open
to
the
idea
of
using
deek
style
liquidity
and
and
being
a
liquidity
provider
itself
on
the
dht
east
pair.
There
were
just
a
couple
comments.
I
read
right
before
in
terms
of
the
the
buyback
that
I
wanted
to
speak
to
a
little
bit
and
I
think
dave
can
maybe
correct
me
on
this
this
google
sheet.
D
So
that's
what
the
order
is
placed
at
which
is
three
percent
above
the
swapper
two
time
weighted
average
price,
the
swapper
time
weighted
average
price
can
actually
be
manipulated
somewhat
easily,
and
typically
people
that
are
executing
proposals
will
just
go
and
buy
like
a
couple
thousand
dollars
worth
of
dxd
right
before
so
you
do
see
an
increase
in
that.
But
if
you
actually
look
at
the
buyback
orders
like
execution,
a
lot
of
the
fills
are
getting
in
below
that
amount,
because
there's
a
lot
of
different
people.
D
So
some
some
orders
will
come
in
like
before
a
before
a
proposal
is
going
to
be
executed
and
someone
will
put
an
order
on
mesa,
knowing
that
an
order
will
be
executed
in
six
hours
and
they'll
just
use
the
current
price
of
swapper
then,
and
so
sometimes
that
those
orders
are
actually
filled
at
a
lower
amount
there
and
so
yeah
and
then,
in
terms
of
like
the
frequency
just
looking
over
the
last
month
on
the
sheet,
you
can
see,
there's
been
20
orders
over
the
last
30
days
right.
D
So
that's
two
every
three
days
I
think
that's
a
pretty
healthy
pace.
I
think
dave
has
been
doing
a
really
good
job
of
submitting
them,
and
that
is
actually
a
pretty
structured
system
for
it
now
and
I'm
hesitant
or
yeah
hesitant
to
kind
of
shift
to
another
system
or
introduce
more
complexity
in
it.
Just
because
I
think
it
is
better
to
have
the
the
kind
of
same
structure
and
consistency
some
of
the
holdups
you
know
in
the
in
the
I
guess,
the
20
orders
in
30
days.
D
Some
of
those
holdups
are
because
of
like
normal
technical
glitches,
whether
it's
with
like
no
hypnosis
protocol
or
kind
of
something
else,
sometimes
we're
just
kind
of
troubleshooting
those
things,
but
I'm
open
to
any
type
of
rewards.
I
do
think
this
is
like
an
interesting
way
that
even
like
dc
holders
could
use
carrot
to
incentivize
different
things,
whether
that's
actually
for
contributors
or
just
like
liquidity
in
general,
and
then
last
I
was
just
looking
up.
You
know.
D
I
think
the
buyback
has
been
going
on
for
a
long
time
and
I
think
we
need
to
talk
there's
a
lot
of
other
things.
We
can
kind
of
build
off
of
that
foundation,
but
just
to
kind
of
look
about
where
things
are
and
where
zeke
style
sits
across
the
ecosystem.
So
I
think
yfi
or
yearn
is
probably
the
most
other,
probably
the
other,
most
prominent
buyback.
D
Maybe
gnosis
has
a
similar
one,
but
for
yfi
they
have
bought
back
7.5
million
dollars
of
wi-fi,
which
is
like
less
than
one
percent
of
its
circulating
supply.
So
wi-fi
urine
is
about
1.2
billion
dollar
market
cap.
Now
so
for
dx
style
d
style
is
repurchased,
as
as
dave
said,
about
4.6
million
dollars
worth
of
dxd
and
that's
on
a
circulating
market
cap
of
about,
like
27
million.
So
that's
like
I
think,
19
of
the
circulating
supply
has
been
you
know,
purchased
by
geeks.
D
Now
so,
in
terms
of
like
the
ratio
compared
to
dx
styles,
be
back,
buy
back
to
wi-fi's
buyback,
there's
there's
really
kind
of
no
comparison,
but
I
think
there's
lots
of
things
we
can
do
to
improve
it.
I
think
we
need
to
think
about.
You
know.
D
I
think
we've
done
a
lot
of
streamlining
in
a
lot
of
different
ways,
but
I
think
a
lot
of
the
things
that
will
come
in
improving
it
is
really
about
improving
dhd
liquidity
and
communicating,
like
the
dc
token,
like
more
broadly-
and
I
think
we
can
like
do
that-
and
that's
like
a
big
goal.
I
think-
of
of
governance
over
the
next
couple
months.
B
Yeah,
just
one
thing
I
would
add
as
well
is
what
you
said
about
the
minimum.
Dxd
is
absolutely
correct.
However,
if
you
are
in
the
sheet-
and
you
look
at
the
main
page,
the
overview
the
dxd
brought
back
there
listed
under
x-tie
and
mainnet.
Those
are
actually
the
exact
amounts.
That's
why
it's
actually
not
a
formula
pulling
out
of
that
sheet,
but
those
are
calculated
separately
based
on
the
withdrawals
we
do
from
the
gp
relayers.
B
So
the
amounts
on
the
overview
are
100
correct
and
if
you
go
and
look
at
the
actual
individual
transactions,
because
we
retrieve
this
data
on
chain-
and
this
is
the
minimum
bxt
but
as
chris
says,
sometimes
it
feels
at
better
prices.
So
we
actually
bought
back
slightly
more
than
if
you
were
to
add
this
up,
but
yeah.
The
overview
sheet
is
100,
correct,
so
always
good
to
keep
an
eye
on
that.
C
A
great
overview
chris
and
I
think
the
the
point
about
dxd
liquidity,
that's
sort
of
been
a
long-standing
complaint
for
a
long
time.
There
really
wasn't
very
good
dxd
liquidity.
I
think
it's
gotten
a
bit
better
with
the
launch
of
the
swapper
token,
but
it
is
a
bit
fragmented
across
arbitrary
maintenance
and
versus
chain
for
those
who
are
in
the
market.
Chatter
chat.
C
I
actually
started
kind
of
just
an
informal
poll
there
to
see
if
what
people
in
the
discord
were
thinking
of
where
it
would
be
nice
to
have
concentrated
liquidity,
and
I,
like
those
two
kind
of
ideas
you
mentioned,
like
potentially
incentivizing
long-term
commitment
to
dxd
liquidity
through
some
kind
of
a
farming
campaign
with
lockups,
maybe
using
carrot-
and
you
know
this-
there
is
that
question
of
providing
liquidity
from
the
dxnow
treasury,
which
takes
down,
could
easily
do
right,
there's
more
than
enough
capital
and
dxd
in
the
treasury.
C
But
what
had
held
that
back
in
the
past
was
not
wanting
to
provide
liquidity
at
prices
below
what
it
had
been
sold
on
the
bonding
curve.
Now
the
funding
curve
was
denominated
beneath
and
the
top
price
was
around
one
ether
right,
and
so
the
reason
to
not
provide
liquidity
from
the
treasury
is
that
if
externalities
treasury
is
market,
making
it's
equivalent
to
potentially
selling
dxd
right
like
if
it
provides
liquidity
up,
0.2,
eth
and
the
price
goes
up.
C
C
So
it
might
be
time
to
revisit
that
conversation
as
well,
but
perhaps
the
you
know
that
could
be
compared
versus
farming
right,
because
maybe
that's
a
more
effective
way
to
do
it
without
having
to
introduce
more
dxd
into
circulation.
Anyways.
It's
it's
important
conversation.
I
expect
you
know
there'll
be
lots
of
opinions,
but
I
think
it
is
time
to
take
a
closer
look
at
that,
because
you
know
not
only
to
all
of
the
txt
holders.
Participants
here
want
deeper
liquidity.
C
A
A
A
Maybe
we
can
start
with
that
and
just
go
in
order.
I'm
not
sure,
I'm
not
sure
if
we
have
an
answer
for
that,
but
maybe
someone
would
be
more
intimate
with
the
reasoning,
sky
or
maybe
john.
C
E
Yeah,
so
I
don't
know
specifically
to
the
this
actual
liquidity
farming,
but
gnosis
in
general,
like
via
the
merger,
has
continued
a
handful
of
programs
that
they
had
in
place
also
like,
for
example,
curve.
I
think,
there's
there's
gnosis
geno
incentives
on
curve.
E
And
yeah,
so
we
have
an
ongoing
discussion
around
seeking
out
some
rewards
for
what
was
going
to
be
swapper
incentives.
E
We
are
that
that
proposal,
which
was
approved
by
the
ex-die
community
but
was
never
paid,
is
now
in
like
limbo,
and
when
we
spoke
with
martin
koppelman,
specifically
and
and
some
people
from
the
gnosis
team,
they
were
kind
of
thinking
that
a
new
proposal
like
that
responsibility
was
on
the
xdi
team,
which
no
longer
is
assuming
that
responsibility,
and
so
any
new
proposal
asking
for
gno
rewards
would
have
to
be
part
of
a
larger
ask
to
the
gno
community
and
so
figuring
out.
E
What
what
that
ask
would
be
what
those
what
those
rewards
would
be
used
for
is
in
like
open
question.
There
is
signal
that,
like
the
gnosis
chain,
community
has
a
goal
to
have
decent
size
liquidity
for
the
what
martin
said
was
like
the
top
50
erc
20
tokens
on
mainnet,
also
so
that,
like
someone,
could
come
and
trade,
ten
thousand
dollars
of
liquidity
or
ten
thousand
dollar
trade.
For
those
tokens
on
gnosis
chain
he's.
He
said
like
for
dollar
stables,
there's
like
70,
there
were
70.
E
There
were
80
million
dollars
of
liquidity
in
a
dollar
stable
pools
on
curve,
then
like
that
is
plenty
sufficient
and
he
doesn't
see
anyone
doing
trades
anywhere
close
to
the
size,
that's
available
there
and
so
gnosis,
dao
or
potentially
the
ecosystem
fund
for
additional
rewards
to
layer
on
top
of
any
rewards
that
dx
dao
wants
to
provide,
and
so
yeah
there's
there's
a
quite
a
few
moving
parts.
E
The
sushi
you
know
sushi
swap
getting
incentives,
I
think,
is
something
that
partly
carried
over
from
the
x
die
from
when
it
was
just
x,
die
chain,
but
yeah
specifically
like
why
they've
made
these
decisions
to
like
incentivize
curve
and
sushi,
I
think
they're.
I
think
they're
willing
to
incentivize
lots
of
things
that
bring
users
and
attention
to
gnosis
chain.
At
this
point.
E
D
I
would
just
add
that
I
feel
confident
that
swapper
can
compete
and
beat
sushi
swap
on
gnosis
chain.
We've
got
a
lot
of
things
that
we're
doing
and
kind
of
pushing
forward.
We've
been
there
for
a
while
sushi
swap
is
not
paying
attention
to
knows
his
chain.
Martin
himself
himself
said
that
he
doesn't
think
farming
incentives
bring
lps,
so
I've.
A
So
we
do
have
a
couple
more
questions
on
the
gnosis
topic
from
tom
as
well,
two
being
can
we
use
the
same
treasury
management
as
them
seems
effective
with
1.5
million
a
week,
I'm
not
sure
I'm
not
intimately
familiar
with
the
treasury
management
strategy.
I
don't
know
dave
if
you
might
be.
B
B
Of
course
the
amount
is
highly
correlated
or
I
mean
100
correlated
to
the
amount
of
capital
you
have
as
well
right,
so
I
think
they
are
yielding
with
like
multiple
times
the
amount
of
what
we
have
in
the
treasury.
So
I
don't
think
those
amounts
are
really
realistic
for
us,
and
you
know
I
think,
but
definitely
worth
looking
into
what
they're
doing,
and
you
know
one
advantage.
I
guess
some
companies
like
these
also
have.
B
Is
that
they're
also
companies
right,
so
they
can
access
a
lot
more
opportunities
which
are
much
more
difficult
to
do
in
a
decentralized
way.
But
you
know
if
there
is
some
more
information
out
there,
it's
definitely
worth
taking
a
look
to
see
what
they're
doing
and
if
we
can
replicate
some
of
that,
of
course,
it
definitely
makes
sense
here.
C
Yeah
and
a
couple
couple
things
for
me
on
the
sushi
sauce,
I
was
just
actually
looking
at
sushi
swap.
I
had
not
realized
that
gno
rewards
were
active
on
sushi
and
I
just
posted
there's
a
forum
thread
in
the
gnosis
forum
about
that.
There's
also
a
thread
about
the
stakeholder,
so
you
know
we
had
a
proposal
for
stake,
rewards
from
the
xdi
ecosystem
fund
that
had
passed
now.
C
Your
opinion
right,
I
think,
hopefully,
no
sister-
will
be
responsive
to
kind
of
community
voices
on
gnosis
chain
and,
like
power
said,
I
don't
think
sushi
really
has
much
of
a
focus
on
on
nose's
chain
and
they're
spread
fairly
thin
plus,
you
know
additional
drama
they've
been
experiencing
and
I
think
has
them
kind
of
distracted
for
different
reasons.
So
that's
that
I
think
we
should
push
to
get
some
gno
rewards,
because
I
think
it's
it's
only
fair,
we're
very
committed
to
the
the
chain.
We've
launched
a
new
product
in
carrot.
C
We've
got
omen,
swapper
the
governance
etc
right.
So
I
think
it
would
only
be
sensible
for
there
to
also
be
gno
rewards
on
swapper
and
but
even
not,
I
think,
we're
in
a
good
spot
and,
like
power
said,
I'm
pretty
optimistic
as
well.
That
swapper
can
be
one
of,
if
not
the
main,
decks
on
on
gnosis
chain.
As
to
the
treasury
management
aspect,
you
know
the
gnosis
treasury
is
a
is
a
powerhouse,
and
I
think
it's
just
getting
some
attention
now
on
twitter.
C
You
saw
that
carpet
key
tweet
post
that
here
as
well,
so
yeah
they've
got
a
lot.
A
lot
of
capital
now
gnosis
raised
around
two
hundred
thousand
each
in
their
initial
ico,
back
in
2017
they've
done
a
remarkable
job,
managing
it
all
all
along
right.
They
put
aside
like
a
good
amount
of
runway.
They
grew
a
significant
team,
and
you
know
a
significant
amount
of
runway
and
stable
coins
initially
kept
a
good
amount
of
their
eth
and
they've
managed
it
very
well
all
along.
I
believe
they
actually
have
this.
C
I
think
it's
this
car
pack
key
thing.
That
is
a
separate
entity.
Now
it's
a
small
team.
I
think
there's
about
five
people
that
are,
you
know
dedicated
to
doing
this
treasury
management
and
like
it
was
mentioned,
it's
like
two
hundred
thousand
dollars
a
day
is
being
generated,
which
is
you
know,
truly
amazing,
and
it
puts
gnosis
in
this
position
where
you
know
they
actually
don't
even
know
what
to
do
with
their.
Their
problem
is
more
like
what
do
they
do
with
all
this
money
and
obviously
like
with
the
external
having
a
large
treasury.
C
It
would
also
be
interesting
if,
if
we
could
achieve
something
similar
and
yeah,
our
hat's
mentioning
marcelo
there
right
he's
actually
the
lead.
I
believe
the
lead
for
this
group
that
is
managing
the
gnosis
treasury
and
I
actually
met
marcelo
in
lisbon
when
we
were
there,
and
so
you
know
they
were
talking
about,
we
had
a
conversation
about
their
treasury
yield
and
how
it's
two
hundred
thousand
dollars
a
day,
which
you
know
I
was
kind
of-
I
guess
not
surprised,
but
it's
still
kind
of
shocking.
C
Even
so,
and
so
I
asked
him
I
was
like
hey.
Can?
How
can
dxdow
do
this
and
you
know
I
was
like
we
need
to
be
able
to
do
it
in
a
trustless
way
and
his
response
to
that
was
well,
it's
impossible,
like
we
do
200
transactions
per
day,
they're
actively
yield
farming
and
you
know
they're
managing
it
in.
C
I
think
a
relatively
centralized
way
now,
I'm
not
sure
if
they've
made
some
adjustments
like
I
got
to
re
catch
up
on
this,
this
twitter
thread
and
stuff,
because
I
I
know
they've
mentioned
the
twitter,
that
they
have
a
commitment
to
trust
minimization
right,
but
still,
I
think
they
are
yeah.
I
mean
I
think
no
sister
in
general
is
more
trusted.
You
know
more
centralized
in
terms
of
the
execution
of
things
than
dx.
Dao
is
right.
They
have
legal
entities,
kind
of
behind
things,
they've
got
multi-sigs
like
yes,
they
have
the
the
snap
safe.
C
But
if
you
look
at
kind
of
the
mechanics
of
how
snap
safe
works,
you
know
I
think
they
they,
I
think
their
philosophy
is
decentralized
and
I
trust
that
they
are
moving
in
the
right
direction,
but
ultimately
the
control
is
coming
from
the
multi-sagging
stuff.
So
I
think,
unfortunately,
it's
actually
quite
we're
not
in
the
best
position
to
pursue
the
type
of
treasury
yield
that
they're
getting
not
without
making
some
significant
trust
assumptions
so
that
that
could
be
possible.
I'm
curious
to
hear
more
community
voices
on
that
I
mean.
C
Maybe
some
percentage
of
the
treasury
could
go
to
trusted
parties
to
do
something
like
this
even
potentially
to
carpet
key
we've
had
conversations
with
other
market
makers
about
this,
and
you
know,
I
think,
that's
kind
of
the
bigger
question
right
is:
what
kind
of
trust
assumptions
are
we
working
with?
I
do
think
we
can
do
more.
C
You
know,
like
I
said
they
have
a
team
of
five
fully
dedicated
to
it,
and
so
that's
a
lot
of
firepower
compared
to
you
know
putting
all
the
responsibility
on
dave
here
to
do
the
management
of
the
treasury
and
we
have
the
hardcore
trust
assumption
kind
of
requirements,
but
I
do
think
we
still
can
do
more.
Like
I
mentioned
liquidy
earlier,
I
think
we
can
do
some.
You
know
we're
doing
the
staked
eats,
so
we
can
definitely
improve
the
yield
on
the
treasury.
B
Yeah,
I
definitely
agree.
I
think
I
I
personally
think
for
dxo.
A
more
passive
approach
makes
more
sense
right
if
we
want
to
keep
it
trustless,
like
you
know,
it's
just
inherently
difficult
to
do.
An
active
management
like
centralized
companies
can
do
due
to
the
need
of
passing
proposals,
etc.
You
know,
but
of
course
that
could
also
be
in
the
future.
Some
capital
allocated
to
some
more
centralized
entity
based
on
trust
but
yeah
totally
agree
with
john
yeah.
A
Awesome-
and
the
last
question
here
is
how
exactly
the
relationship
between
dx,
tao
and
gnosis
has
evolved
since
the
conception
of
the
exile
there's
a
couple
of
the
external
historians
on
the
stage
here.
C
I
I
guess
I
should
probably
talk
to
that
one
too
and
yeah.
It
is
a
long
there's,
a
long
history,
so
I
don't
know
how
much
what
detail
you
want
me
to
go
into
it,
but
I'll
try
to
keep
it
brief
here
and
if
we
want,
we
could
maybe
even
revisit
this
in
the
future.
If
you
wanted
to
do
an
in-depth
history
of
of
gnosis
and
tx
tao,
I
mean
my
myself
I've
I've
known
gnosis
since
defcon
3.
C
I
met
martin
and
stuff
on
there,
so
I've
known
them,
for
I
guess
four
years
now
and
you
know
personally,
I
still
have
a
great
relationship
with
those
guys.
You
know
they
they
do
a
lot
and
they
were
instrumental
to
launching
dx
style
right.
So
gnosis,
along
with
doubt,
stack,
launched
the
style
and
then
stepped
back
and
kind
of,
let
it
go.
They
gave
dutch
exchange
to
the
external
and
then
kind
of
let
it
fly
on
its
own.
That
was
in
mid-2019.
Initially
the
you
know,
activity
around
dutch
x
died
off.
C
There
wasn't
really
much
activity
in
dx
style.
Of
course,
there
was
also
the
depth
of
bear
market
and
there
was
no
capital
in
the
dow
right.
So
at
that
point
it
was
really
just
a
small
group
of
us
that
wanted
to
keep
it
going
and
we're
interested
in
the
mission
and
we're
focused
on
launching
a
capital
raise
right
with
txt,
which
happened
eventually
in
in
may
of
2020,
so
kind
of
while
that
group
was
working
on
the
capital
raised
aspects.
C
Gnosis
was
not
involved,
they
had
stepped
back,
they
didn't
want,
like
you
know
they
weren't
part
of
dx
tau,
but
things
kind
of
like
got
kind
of
came
together
again
in
2020,
because
there
was
some
activity
in
the
kind
of
small
active
part
of
the
dks
community.
The
dxd
fundraiser
was
picking
up
and
gnosis
around
that
same
time
and
you
could
actually
go
back
to
ecc
2019,
there's
some
an
interesting
talk
by
stefan
about
omen
because
they
had
actually
been
working
on.
C
You
know
the
conditional
token
framework,
which
is
the
backbone
for
the
omen
prediction
market
platform,
and
you
know
they
had
funded
an
independent
shop.
I'm
blanking
on
their
name
right
now,
out
of
argentina
to
work
on
a
front
end,
but
you
know
we're
looking
for
some
way
to
actually
get
this
thing
launched
and
that's
where
dxdow
kind
of
came
into
the
picture,
with
ohm
and
d
style
launched
the
front
end
and
really
started
to
own
the
product
of
omen
itself.
C
And
there
was
this
sort
of
like
joint
aspect
like
I
said
where
they
had
built
the
smart
contracts,
but
omen
from
the
beginning
percent
has
been
the
dx
dow
product,
and
you
know
that
kind
of
culminated-
and
there
were
some
talks
about
a
year
ago
about
a
potential
joint
venture
around
omen
with
no
systole,
and
they
had
made
a
proposal,
and
there
was
some
discussion
in
the
thread.
My
opinion
on
that
proposal
is
they
were
asking
for
kind
of
a
bit
too
much
without
showing
really
how
they
were
going
to
be
contributing.
C
Like
you
know,
their
lead
dev
on
the
smart
contracts
had
left,
they
didn't
seem
to
be
investing
any
resources,
even
though
they
have
tremendous
resources.
They
didn't
seem
to
be
investing
in
prediction
markets
anymore.
Their
focus
was
on
the
safe
and
on
cow
swap
and-
and
you
know,
there's
this
product
called
v2
and
a
couple
of
other
things,
and
so
you
know
from
what
we
could
see.
They
didn't
seem
to
really
be
backing
up
their
kind
of
ask
for
a
50.
C
I
think
they
wanted
50
percent
of
them
and
that
deal
kind
of
fell
through
and
I
actually
think
that's
healthy
for
dx
tao.
I
think
you
know
it's
it's
good
for
dxnow
to
operate.
Kind
of
you
know
to
demonstrate
that
it's
independent
of
gnosis
kind
of
to
get
some
distance
there
and
kind
of
fly
on
its
own,
but
I
think
there's
lots
of
opportunities
for
future
collaboration
and
I
think
fundamentally,
the
connections
are
still
still
good
there.
Even
though
you
know
some
deals
haven't
worked
out.
So
that's
hopefully
a
brief
overview.
We
could
get.
C
I
mean,
there's
a
lot
more
context.
I
could
you
know
I
could
talk
about
this
for
hours
probably,
but
I
would
just
say
that
you
know
gnosis
has
a
lot
going
on
they're
good
people
they're
very
focused
on
decentralization.
C
C
F
Maybe
now
yes,
yes
yeah
I
was,
I
was
just
gonna
say
that
we
should
have
like
a
like
series
of
like
episodes
with,
like
you
know
the
excel
region
story,
because
it's
really
interesting
and
really
gets
you
to
understand
like
why.
This
is
an
actually
decentralized
organization.
A
So
well,
thank
you,
everyone
for
those.
We
do
have
a
bit
of
other
bit
of
other
things
on
the
agenda
to
chat
with
here
I
am
going
to
give
a
quicker
call
of
attention
to
the
discord
rep
boost.
I
think
most
people
here
in
this
caller
familiar,
but
those
that
aren't
q4
of
2021
we've
completed
the
snapshot
for
the
discord
rep
boost.
A
So
if
you're
in
the
level
structure
which
you
can
find
in
the
roles
channel
up
in
the
server
area,
you'll
be
eligible
for
a
certain
amount
of
rep
which
I'll
leave
a
link
to
the
channel
here
as
well
for
more
contacts
just
because
we're
running
a
bit
thin.
I
don't
want
to
take
up
too
much
time
here,
but
please
take
a
look.
A
A
Let's
see
here,
we
do
have
a
short
amount
of
time
sky.
We
want
to
chat
a
bit
about
the
carrot
campaign
retrospective
and
the
atlantis
world
partnership.
Maybe
a
little
bit
briefer
today,
if
that's
okay
with
you,
yeah.
E
I
can
just
talk
about
those
quickly,
so
yeah,
both
so
the
carrot.
Retrospective
is
kind
of
a
look
back
at
the
two
carat
campaigns
that
dx
dow
did
for
itself.
The
the
first
two
carry
campaigns
ever
one
was
a
based
on
like
a
price
of
swapper
token,
and
one
was
based
on
a
tvl
of
a
swapper
pool
using
a
range.
E
There
are
some
kind
of
questions
like
raised,
it's
hard
to
always
come
up
with
the
exact
answer
of
why
things
behave.
The
way
they
did,
but
in
you
know,
in
the
in
token,
in
the
token
price
case
scenario,
with
a
swapper
token,
has
generally
been
going
down
on
a
regular
basis
like
giving
a
small
incentive
to
a
small
group
of
people
on
one
specific
pool
like
to
influence
the
price
of
a
token
in
a
in
a
in
a
market
where
the
token
price
is
going
down
with,
like
not
a
very
big
financial
incentive.
E
E
I
think
we're
learning
that
you,
the
the
financial
incentive,
has
to
be
big
enough
for
to
drive
that
behavior
and
has
to
be
widespread
across
enough
enough
participants
that
have
the
ability
to
drive
that
behavior,
and
so
one
maybe
idea
would
be
instead
of
this
was
a
very
narrow,
focused
campaign,
and
so,
if
we
were
going
to
do
something
around
similar
to
that,
we,
we
may
have
to
try
expanding
it
to
a
much
wider
audience
that
could
include
farmers,
but
that
could
also,
as
chris
has
mentioned,
in
in
the
post,
as
well,
like
air
dropping
to
people
that
can
actually
influence
that,
and
so,
whether
that's
tvl
or
the
price
of
a
token
really
pinpointing.
E
Who
should
have
their
hands
on
these
carrot?
Tokens
these
incentive
tokens
and
is
the
financial
incentive
big
enough
to
drive
that
behavior?
And
so,
unfortunately,
the
the
dollar
amounts
that,
like
were
put
into
the
carry
campaigns,
were
ju,
as
this
initial
trial
were
probably
not
very
big
and
not
big
enough
to
drive
an
actual
incentive
of
a
wider
community,
and
so
we
we
may
have
to
try
figuring
out
how
to
how
to
really
increase
the
actual
like
financial
collateral.
E
That's
going
to
be
driving
these
behaviors,
the
second
one
with
the
tvl
like
having
a
range
seems
to
be
probably
a
better,
a
better
technique
to
use
at
least
like
with
a
range
as
long
as
you
end
up
in
the
range
there
is
some
payout,
so
the
second
carry
campaign
paid
out.
I
think
it
was
31
percent
of
the
collateral
if
the
financial
incentive
was
bigger.
Maybe
there
would
be
more
reason
for
that
tvl
to
be
higher.
E
So
there's
a
bunch
of
factors
like
that
are
making
it
harder
to
drive
to
move
your
value
and
capital
around
chains
in
order
to,
in
theory,
increase
or
achieve
a
higher
a
higher
outcome
for
this
type
of
incentive
with
carrot,
but
the
I
guess
the
overall
conclusion
is
we
should
we
should
we
should
dog
food
carrot
more
ourselves?
E
E
Another
idea
is
to
identify,
wallets
and
and
and
people
out
there
that
these
carrots
would
mean
a
lot
to
them
and
actually
change
their
behavior
and
so
pinpointing
those
and
and
figure
out
how
to
get
the
proper
carrots
with
the
proper
incentives
in
the
hands
of
those
people
like
another
goal,
and
so
any
ideas
that
people
have
please
feel
free
to
reach
out
or
put
them
in
the
forum
post.
But
I
think
we
we
really
need
to
move
ahead
with
some
more
trials
with
carrot.
E
We
can
tweak
what
we've
learned,
but
we
yeah
we
should.
We
should
keep
experimenting
and
we
should
probably
increase
the
value
that
we're
putting
into
the
carrot
campaigns
in
order
to
actually
see
if
we
have
like
a
true
financial
incentive
to
change
behavior
of
people.
E
E
What
went
wrong
figure
out,
how
to
fix
it
and
figure
out
how
we
can
help
them
move
forward
with
that,
and
then
eventually,
we'll
have
a
few,
hopefully
positive,
use
cases
that
we
could
then
market
and
share
around
wider
communities
so
that
other
projects
could
kind
of
replicate
or
get
involved
with
carrots
as
well,
and
so
yeah
figuring
out
the
the
front
end
and
how
to
create,
carry
campaigns
easier
and
more
effectively
is
also
an
important
piece
of
the
puzzle.
But
that's
yeah.
That's
overall
carrot
summary.
A
E
Yeah,
so
there
is,
this
has
been
being
talked
about
for
a
long
time.
Currently,
dx
dot
doesn't
have
a
presence
in
the
metaverse
really
or
I
mean
unless
you
count
jitsi
and
discord
but
like
having
something
more
in
the
in
the
in
the
blockchain
metaverse
worlds.
Atlantis
world
is
a
2d
metaverse
project.
That's
that's
gotten.
The
attention
of
quite
a
few
projects
in
the
d5
space
has
gotten
funding
from
a
number
of
big
ones,
and
so
this
grant
was
to
kind
of
support
and
become
a
part
of
the
atlantis
world
ecosystem.
E
There's
you
know
it
is
a
2d
metaverse
it.
It
would
be
an
experience
that
people
can
can
do
integrating
there's
a
bunch
of
deliverables
that
are
part
of
this,
like
integrating
a
hub
for
dx
dao
in
this
world,
having
our
products
integrated,
so
that
people
can
discover
our
products
easier
if
they're,
if
they're
a
part
of
this
world,
so
there's
part
of
the
grant,
is
an
actual
grant
in
x
die
and
then
there
was
a
an
intent
to
use
carrots
actually
as
a
portion
of
the
of
the
grant.
E
So,
for,
like
ten
thousand
of
ten
thousand
dollars
have
those
to
have
those
that
portion
of
the
of
the
grant
based
on
the
deliverables
being
achieved,
and
if
they
are
achieved,
then
those
carrots
are
redeemable
for
the
additional
ten
thousand
dollars.
So
it
gives
the
project
and
their
team
an
incentive
to
really
deliver
on
a
p.
What's
part
of
this
proposal,
and
so
that's
probably
a
pretty
unique
like
yeah,
there
are
incentive
based
clauses
in
in
many
contracts
over.
E
E
Ideally,
the
oracle
is
kind
of
a
third-party
judge
of
whether
the
deliverables
are
met,
wouldn't
want
it
to
be
like
the
atlantis
world
team
or
the
dx
dial
team
specifically,
but
if,
as
long
as
the
that
it
that
whatever
oracle
it
is,
has
the
ability
to
to
measure
and
judge
whether
the
deliverables
are
met,
the
the
additional
amounts
paid
out,
and
so
that's
pretty
cool,
to
have
this
third
party
oracle,
trustless
incentive
included
in
a
a
deal
where
there's
a
commitment
from
from
both
parties,
and
so
that
that
proposal
is
live
up
on
xdi
dx
vote.
E
You
can
check
it
out,
yeah
vote
on
it
and
and
then
yeah.
Hopefully,
as
this
passes,
we
will
also
get
closer
to
their
team
and
we
will
have
like
a
regular
on
ongoing
dialogue
and
we
can,
you
know,
form
what
they're
working
on
and
and
also
learn
more
about
how
dx
dow
can
kind
of
grow
and
get
awareness
in
the
in
the
metaverse
space.
A
Perfect
perfect,
thank
you
very
much
for
your
time
sky.
I
do
have
one
more
quick
thing:
fun
thing
about
poeps
to
talk
about
at
the
end
here,
but
before
we
get
to
that,
I
do
believe
we
have
cuppa
joseph
from
herodo
here
that
was
looking
to
speak.
So
nathan
tells
me.
G
I'll
be
quick
because
I
know
we're
kind
of
at
the
end
of
the
time
here,
but
herod
is
a
cartel
associated
now
that
spun
up
last
spring
so
almost
a
year
ago,
and
we
have
built
the
first
community-owned
superhero
franchise,
we're
launching
our
first
real
physical
comic
book
in
a
few
weeks
and
there's
gonna
be
a
token
airdrop
to
go
along
with
that
called
moon
rock
and
it's
it
lives
on
maynet
and
xdi,
and
we're
going
to
use
swapper
as
our
amm
of
choice
on
xdi,
and
I
really
love
carrot.
G
Farming.
I've
been
carrot,
farming
all
over
the
place.
So
as
one
of
the
sidekicks
for
herodo,
I
was
hoping
that
we
could
set
up
some
some
more
carrots
and
I
think
that
it
would
be
really
cool
for
dx
dow
to
have
more
carrot,
projects
and
stuff
that
aren't
directly
affiliated
with
the
dx
dial
ecosystem
and
one
of
the
reasons,
possibly
that
gnosis
kind
of
picked
sushi
swap
over
swapper,
which
I
think
is
really
kind
of
disrespectful.
G
To
be
honest
for
everything
that
dxdav
has
done,
for
you
know,
x
die
ecosystem,
but
you
know
if
it
seems
like
all
the
all
the
projects
using
swapper
and
the
xdao
products
are
also
just
like
incestuously
in
a
good
way
like
spun
up
from
dx.
G
Now
you
know
looking
from
the
outside,
it
can
seem
very
like
what
what
what
things
outside
of
of
just
the
dx
dow
ecosystem
are
actually
using
your
tools
and
make
it
seem
less
less
favorable
to
to
launch
incentives
there
so
to
kind
of
bootstrap
that
herodo
wants
to
be.
G
You
know
a
guinea
pig
a
little
bit
for
for
opening
up
carrot
to
to
other
stuff.
So
I
talked
to
skye
about
this
one-on-one
a
bit
ago,
but
yeah.
I
hope
you
all
will
check
out
herodow.org
and
we're
building
some
cool
things
too,
and
hopefully
we
can.
We
can
team
up
a
little
bit.
A
Yeah,
I
think
this
is
super
super
awesome.
We
do
have
one
question
in
chat
and
it's:
how
can
we
get
a
comic
if
we
wanted
one.
G
That,
too,
you
can
also
join
hero,
dao
and
we're
working
out.
If
you
know
you're
really
into
designing
tokenomics
and
stuff
we're
working
out
how
to
redeem
moon,
rock
tokens
and
stuff
for
shares
in
the
dow
and
once
moloch
version
three
launches
in
february,
we'll
have
some
more
some
more
tools
for
that
and
play
around
with
that
stuff.
So
if
those
are
kind
of
things
that
you're
interested
in,
we
also
just
are
launching
a
product
to
help
manage
mainnet
stuff
from
the
dow
that
runs
on
xdi.
G
So
we
have
a
little
smart
contract
library
that
we're
building
for
that.
If
that's
something
you're
interested
in
you
know
we're
doing
a
lot
of
a
lot
of
cool
little
things.
G
Even
beyond
just
having
really
cool
comic
books
and
stuff,
the
first
comic
book
is
for
moon
girl.
So
I
think
the
meme
potential
alone
will
be
awesome
and
we
have
a
bunch
of
professional,
comic,
writers
and
and
artists
and
stuff
working
on
that.
So
it's
pretty
exciting.
A
Yeah
super
super
awesome
here,
leaving
the
door
open
for
any
kind
of
final
questions.
We
are
a
bit
over
time.
Yeah
would
speak
a
little
further.
Of
course,.
G
But
yeah
come
come,
find
me,
come
join
the
herodo
discord
and
herodot.org,
and
we
can.
We
can
learn
more
and
have
fun
with
us,
but
I
won't
pick
up
any
more
time.
So
thanks
everybody.
G
A
A
Excellent,
so,
as
I
mentioned
a
bit
over
time
here,
there
is
just
one
last
thing
to
call
attention
to
we've
been
chatting
about
the
dxtel
holiday
pro-apps
for
a
couple
of
weeks
now,
and
there
was
a
couple
of
development
related
kind
of
hitches
with
that.
But
we
do
have
the
snapshot
list
as
of
this
morning.
Actually,
so
those
of
you
here
are
first
to
here.
Of
course,
it
will
be.
Presumably
within
the
next
couple
of
days
there
will
be
an
announcement
of
the
the
external
holiday
pull-up.
A
So
if
you
were
around
for
the
holidays,
you
know
held
dxd
during
the
holiday
period.
You'll
have
a
little
memorabilia
of
the
cool
branding
that
we
had
within
that
time,
which
is
hopefully
very
exciting,
more
information,
including
how
exactly
to
claim
those
will
be
sharing
soon.
A
A
Yeah
awesome,
thank
you.
Everyone
for
showing
up
today
look
forward
to
another
dxdep
community
called
next
week
same
time
same
place,
those
of
you
that
aren't
aware,
there's
an
event
tab
at
the
top
left
of
discord.
You
can
use
that
to
kind
of
track
events
and
calls
haven't,
made
a
formal
kind
of
call
to
that,
but
pay
attention
to
that
as
well.
Thank
you
so
much
everyone
and
take
care.