DXdao DXbiz Weekly Gathering, 19 Dec 2022

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From YouTube: DXbiz Bi-Weekly Gathering [2022-12-19]

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00:02 Welcome and chit chat
24:00 Mochi Presentation

A

Anything there's been discussion, oh and welcome to the digital business call for the 19th of December um 2022..

A

um Is it the last call before the new year yeah? Oh yeah, we'll have one next next week as well, um the last one before Christmas um so yeah on the agenda today, like we have I guess we can have like a like a free-for-all for the first like 20 minutes and then we'll have um Gabriel from Ochi coming um so yeah Skye just proposed. um Let's talk about Ichi and.

A

Yeah, do you want to get it going this guy.

B

C

Yeah I mentioned it just briefly. uh You know chat in one of our smaller chats last week, but um Ichi from you know a long time ago in Elon. You probably know this I think collider supports supported Ichi from the start, but Ichi was Ichi was like um you can make your own Community backed stable tokens if backed by your own tokens, but that's a little tricky in the world of Tara, um and things like that, where you just have yeah smaller Community token make backing like a supposed to be reliable, stable token.

C

So that's a little riskier, but at some point they pivoted and switched to um active um more like active uniswap, V3 liquidity management, so I think the other one arrakis, which I think Nike and some other maybe Chris were aware of as well. There was all there's a few is a handful of different platforms that do that. um I didn't I, didn't really realize how it was working and maybe Ichi is different, but they've created these vaults, um where you can deposit just a single token.

C

So your own token, and then they have um their own algorithms, which are doing the active pinging and active management of the uniswap V um liquidity for a certain range right, and so the whole risk with you know, unisoft V3 style stuff is, if you provide liquidity on a concentrated range and you're, not actively monitoring and moving that around you'll often end up with.

C

You know, one a single token, like 100 percent of one token, uh if you're not paying attention, so it's yeah, I'd, say UNICEF V3 for General, like passive people, is very very tricky without some type of active management. The way they're doing it is via a vault.

C

So it kind of looks like a urine vault you just put in the one side and then their strategy takes that one side and puts it into two-sided liquidity over a little bit of time and then once it's a certain balance and I'm going to get more details that I'll share for the details.

C

But once um once you have that two-sided, you can have this more concentrated range and you can um okay, their algorithm, their their automated mechanisms are, are rebalancing at a time, and so, as DX Dao is about to start looking at uh using its own DxD to increase liquidity of the dxt token, which is largely going to be on swapper or the main probably pool would be on so one or more than one swapper pools.

C

There is like yeah, but I guess this idea would be to take some amount of DxD, which is would be a smaller amount of capital and um put that into an Ichi uh vault, which well I, guess would probably be on mainnet um and in a very it what it does is it increases yeah, pretty significantly increases the the liquidity and the depth of liquidity.

C

um On that token, and so using that, in addition to the other places that a token has liquidity, whether it's even just our Bots that are arbing that against the other pools, it just makes it a more um deeper, uh deeper liquidity. For a certain token, uh the exam, the cool example to look at is, if you look at Boba token b-o-b-a, which is actually that token is on a whole bunch of centralized exchanges.

C

Yet the largest liquidity for it is in the EG managed unit swap V3 pool, and so um it's an interesting um addition to increasing the liquidity in D5 space of a certain token.

C

um Currently they are actually uh yeah as they're bootstrapping. The awareness of these itchy pools um they're actually offering to to build the pools uh with the with your community token, against the Ichi.

B

C

But you can actually do it against weth or usdc or whatever token you want for your pool. But if you do it against the Ichi token, which also then has its own liquidity on the amm. So allowing you to probably uh you know as a Trader you'll you'll benefit like through routing, so you could trade the XD token against what other token, via routing, mainly um they're, like guaranteeing a return.

C

So a lot of these vaults have been returning quite High apis, just given the the normal strategy they're using, but if, for some reason the return wasn't above um a certain percent, they were like guaranteeing a 15 return on those pools, um and so people like community members um yeah, we could have different. We could create one of these vaults anyway, and community members could put um their liquidity into these pools.

C

If, if you want to like crowdfund it um or otherwise, the Dow could take some DxD and decide to put into that vault as well, but either way I think it makes sense to have one and just give the option to at least community members to do it and overall I think it would yeah increase the um liquidity of dxt token.

C

Even if you don't go trade on that um on that, like, if you don't choose to trade on that amm, that will just the the benefits of it of having that there would open up liquidity across the token across all the exchanges, I think um but I don't know if that was might be a little confusing to just hear it as the the day.

C

I think his name's Dan, the guy from EG, was going to send me um just like a a couple pages that would outline how it would work and then I can share that with.

A

Yeah um Sky, maybe like the last I, remember that they were trying to develop a thing that will let you sort of take um I guess enter into a pool with leverage, but only enter into that pool with leverage. So let's say you know: I want to provide, um will give me the ability to sort of like do that in leverage, but specifically for that pool. So it's kind of like protected from like yeah I can't take that money like just do stupid with it.

A

C

Not sure I mean I know what you mean by like into any, like, specifically for the DxD pair.

A

Yeah I mean so this is um my my for what understanding this is something that we can do so like, let's say, I have a thousand dollars and so like using Ichi I could I could sort of like enter leverage, and you know, put you know, uh fifteen hundred dollars into DxD. If pool um and sort of you know, yeah like this.

D

Is essentially how.

A

I entered the pool and earn like more fees, um and then maybe the extile share some of these fees, because you know they gave me some credit.

C

So that made okay, so the if you, if you want to pair your token against their Ichi token, which are there's a bunch of ichi paired pools on unusual V3, they're, actually helping to put in the Ichi side. So that's effectively as a pool. It is slightly leveraged, I guess, but in general unit swap V3 providing liquidity in a tight range or a tightish range or not the full. You know swap V2 curve that that is, that is effectively leveraged um liquidity, providing right because it it's got.

C

This range around the current market that keeps moving around. So you need some system to keep pinging it and um updating what the balances and ranges are so I guess. If you talk about leverage like there, it's effectively two different types of Leverage combined into this pool that um allows a pretty attractive return, uh at least historically, um but obviously that can change. That's just backward backward looking, um but they've been they've been consistently producing uh above yeah.

B

Positive returns.

C

Obviously, and their guarantee thing is like if it's below 15 they'll they'll pay the return in dichi token or something to to make up the difference or something for us for a certain period of time.

C

But I don't know. If that's what you mean by leverage I, think those are the two levered parties in the in the vault.

A

Yeah interesting um yeah, maybe we can have, did you talk to Daniel? Who did you talk to.

C

Yeah just talking to Daniel about it, and then he was gonna send over a thing that I could share with more people so that you could kind of see the details of what it was doing. I guess, but you know, Chris yeah Chris had already mentioned some thoughts about it. Like you know, obviously this is the way I'm thinking about. It is in addition to um what dick style already wants to do. It is um even if the Dow doesn't want to do it itself, like community members.

C

um It could help the liquidity of the XT token. Community members could participate dxt holders, um but there are some well the okay, centralized elements like the the automated um the the algorithm that is off chain that is automating the movement of the of the liquidity provision around the current price and stuff that is kind of a centralized algorithm that is currently not open source they're.

C

Using this for all the pools that they're doing, but that algorithm is not even open I guess you could probably look on chain and see what what it's actually doing like in the actual movements in the pool. So you could probably back into it somewhat, but eventually as they after as they build this up, they will open they'll release that open as well, but that isn't that is not open right now,.

B

C

So that's a kind of like a hidden just like one inch. Algorithms are not open for the world to see like the aggregator algorithms, not sure if the, if a rakis or the other uh programs that do unitop V3 provisioning I'm, not sure if those are open or closed mostly.

E

Yeah, just a couple different um thoughts on this I think one just to like from what you were just saying: um I think that Ichi is in the broad category of how to bootstrap liquidity for individual program token projects, and we talk about this with kind of liquidity.e thing.

E

It also reminds me a little bit of actually double Sky um I'm, not sure what they're up to okay, the idea being like how can you use the least amount of capital to provide like a lot of liquidity, and how can you do it for dials and projects and I think? Ultimately, this would be super automated um right now, it's not um yeah. You mentioned with Ichi what they're doing I guess they just probably are monitoring the price feeds themselves and then and then executing on it.

E

Arrakis is using gelato bot Network to make the adjustments so I guess, like the gelato bot network, is not super.

F

E

But it kind of has at least the framework I think for long term being um decentralized there uh because of course, you're basically just going to need a separate Network that is watch that is like and it's kind of an oracle Network that is following the pricing can be um adjust and, of course, we'll need to pay like gas costs for that.

E

So it is a pretty complicated setup and I think it's something to follow a lot and I think from like a product development, a business development perspective, I, think being in this area where helping Dows, create liquidity is really important and I. Think wherever those integration tools from Ichi to Dows or from Iraqis to Dao's um I think is, it was a really is an area to.

G

E

In to focus on um specific to like Ichi, right now and DxD token, um yeah I think when we talk about like these new liquidity pools or, like you said, those exchanges, we kind of viewed as this like black box that will ultimately like Produce High liquidity. No slippage allow like anyone to come in, but of course like at the end of the day, to have liquidity in an asset. You need someone buying it and you need someone selling it um so for DxD.

E

Right now, um like the Buy is coming entirely really from d extow, uh that's partly just because it's like the one buying at this level um and so like. If you switch to Ichi it wouldn't change, I, think the fact that you only have a certain amount of buying being done.

E

um Whoever is like actually Market making on that, like it wouldn't change, it would just be like how much are you there and then like? If it was a tight band, it would just be like basically like a limit order or something right. So you just you're just automatically like repurchase, the DxD or something.

E

um But then you would need to re-up that liquidity to make sure that there is like constantly liquidity, because there's only a certain amount of like buying going on right now um and then the other thing is on, like the selling I'm not sure like right now, there's basically not a lot of liquidity. If you want to buy a lot of DxD, which I think is like kind of maybe bad right.

D

E

Wanted to come into the ecosystem, there's not really a way to do that so yeah. How would you be able to do that? But I'm not sure? Actually, if you want to do that without much slippage, because it might be better actually for there to be more slippage, if someone were to acquire more um DxD, so I'm not sure if the Dow would want to provide like a low slippage, liquidity on the upside for DxD, but anyway, I think it interesting topics.

E

If you kind of hear the conversation go forward um and then hopefully like yeah, it's something we can kind of incorporate in the conversation we're having about DHD liquidity.

A

Yeah I can tell you that some of the stuff that um I don't know- I, guess uh you know leor sky, but Leora and I have been talking a lot about, like um you have like all these market makers like winter mute and efficient, Frontier and um jump, and the notion is that you know they're they're an extractor like it's not their goal to you know the I mean their goal is to is to collect a fee from whatever the protocol or the project.

A

um But whether like is it possible for something like Ichi um to replace that and allow the community to participate? That sort of like the market makers?

A

um And that's something like you know, it's something very interesting to explore, um because you know the community and the people who are holding the token are way more aligned than what are we interviewed. They just wants to. You know, collect the fee and extract as much value um so yeah. This is like something to think about. Yeah.

C

The other, the other interesting thing to me, because I, let's talk about a zapper or liquidity.heath so far, we've just been saying like we're going to have that for unisoft v2 pools but like building out liquidity.e for unitop v2 pools is, in my mind, okay, for like immediate time but like when unity4 comes out and then, like you know so, I'll be three years old.

C

Like you know, something two pools are going to be even older right. So if we're gonna have that place, that people come, they have a one token or they have two tokens and they're going to come to liquidity or zapper or whatever, and they're gonna and they're gonna wanna like do something and find um and find um what to do where to get some good yields and all that the units use teaming up where they're, including what Ichi and Iraqis, are including for unisoft V3 style into that Explorer experience right.

C

That person is going to be looking, which I do this token and it's, and if there's this thing that looks like a vault and it's like. Oh you have you know you have this token. Why and why you could either put into this pool or this pool, or this pool and it's kind of like deposit into a vault um it becomes and almost like, get a referral fee or something for for sending business to that Vault, you're you're it. It then becomes more like an echo router. So it's a it's a liquidity, provisioning router.

C

That would be a place that people could gather the different options and and deposit, and that's the only way you can do it in a in a comparison way um for unit swap V3. You because you have to you, have to have active management, I think for unisoft, V3 pools and then you'd have to you'd want to give. Let's assume, there's going to be lots of these there's going to be more than just two or three of them.

C

There's going to be 10 of them, you're going to want to compare those different strategies, and then let people put into uh that, and that would be the way that I would see this fitting into like liquidity.ease.

B

B

Yeah I guess elon's.

C

Jumping to a crying baby.

C

And so I think Elon had mentioned. Mochi mochi historically has been uh more of a social connection uh game basically like a goal-oriented, goal-seeking social game, but they as they grow.

C

There's ideas around it being a useful tool for Dows or working groups or guilds or squads, um but I, as I had mentioned in the chat like I, see it more currently for the social side, which is good, um helps, increase communication between people and teams and things, um but it would be good Gabe is the is the creator of Moji game and it actually came out of solving some problems when he worked at consensus a long time ago.

C

um So it will be good to hear his uh take on maybe how a dial like DX Dao could.

B

Could leverage it um and.

C

He'll probably be showing up very.

B

C

I, don't know if everyone got to check out their the site. It's just mochi.game. You can see m-o-c-h-I dot game. You can get a feel for what it.

B

Looks and feels like.

C

C

Happy to see Argentina pull it out yesterday, after almost blowing.

B

It multiple times.

B

C

Maybe we'll take one minute of Silence in every.

H

Other country I I, ate some pork testicles over the weekend.

H

It's a specialty apparently in Portugal. Oh.

C

Did you did you uh wear your Poncho again on the no.

H

I was actually I was thinking, France would win yesterday. So that's why I didn't wear my poncho and it was a crazy game. I mean I. Think France should have won because Argentina the first pen was not a penalty and France had a penalty. They were not awarded, so I think I really don't care because I mean the French and Argentina, but if I were French, I would be really pissed.

F

Yeah I kind of agree with the second one I do think the first one was a penalty. It.

D

Was very stupid penalty but.

F

Unnecessary so it looks like it shouldn't have been, but it's pretty clear, I think.

B

B

D

F

D

Hey one uh one minute, late I thought: I'd make it right by 8 30.

F

C

um Nylon's here, but he's got a crying baby. um I gave a little intro. Well, we've talked last week about Mochi a little bit.

C

um I gave a little more background just now and kind of my experience with it so far, um one yeah it would be cool to hear from you, but one of the things that I was asking about- and we were talking about is from my perspective, like Mochi- has been largely like social and goal oriented, but like small social groups and obviously good for building communication and relationships within those groups, and we were curious how, if you're, seeing that, like in Dao's or like work group working groups within Dao's or you know, focused on Dow goals versus like personal goals.

C

If there's anything there like anything that you're learning from other communities that yeah that the exta could try to implement into our uh our community or our now, Guild, basically, which are like work streams based on different verticals.

D

Yeah absolutely so it sounds like everybody has some context. I um I have a presentation that I usually run through, but if everybody already kind of knows how it works and all that kind of stuff, maybe we don't have to go through it. I can just jump into.

C

It, what do you think um I guess going through that yeah? Would people like to see that I mean most people, don't know exactly how it works, so they just kind of know high level what it what it is, but I think it'd be worth going through quickly that maybe.

A

Yeah, okay, I'm back um I, would say: probably yeah go through just to explain kind of how it works and maybe to give a little bit more context. I think this could be I.

A

I I mean I talked to Gabriel about this, but I think this should be uh a way to sort of like create like more cohesion in sort of some of the working groups, with the target being some of the kpis and okrs that we're gonna like we're entering sort of like a New Journey and like in a few weeks and like the beginning of 2023, trying to figure out a few like quite a few things, and then this could be I think it could be a way to sort of like align everyone, maybe starting with the dxpress group, because Sky knows it and I know it, but then graduating to maybe other parts of the Dow.

D

Okay sounds good, so what I'll do is this presentation is like 10 minutes or less and I can just go through it really quickly. Since everybody has some like high level context already, um but we can do that and then I can give you example, basically how we use it internally and then I'll give you another example of like a project that we're working on for the next round. That I think should be very relevant to DX now. uh But let me try: let's do this I'm going to do with Chrome tab.

D

um Let me do this in present review.

D

Let me know if you can see this.

B

Yeah we can see it.

D

Okay, cool super all.

B

Right well, let me.

D

Introduce myself real quick, uh so my name is Gabriel I'm player, zero X of uh what we like to call a remote coordination game called Mochi uh Mochi is a small team of four based in three different time zones. So I've been working fully remote uh for about the past eight years since I joined, uh crypto full-time in 2014., um I, don't know if Elon or Sky mentioned this, but before founding Mochi I helped write the notes. White paper worked on the First music and ft platform on ethereum called pujo.

D

Music I am more or less a recovering accountant. That's obsessed with all the three-letter kind of acronyms that we love in the crypto space. But today, let's focus on Dows because um well, if you're here, then you believe this statement, I'm assuming um that those are the next vehicle for Humanity. So if you're still here uh you're like me, then you believe that the most exciting organizations in the next 10 years will definitely be Dallas and probably believe also that every company club and Community will play with some version of tokens in the near future.

D

um It's for sure, going to be the next vehicle that all of humanity pours into, especially after this AI moment, but um it's not going to work in their current form uh is what I believe so currently Dows are actually very, very inefficient. I think we all know this they're very noisy, clunky demand too much of your type of attention and energy, um and my thesis basically is that a lot of the Dow tooling today has been kind of focused on making better fuel injection technology for organizations.

D

Despite the improvements in the last four years with things like molec, Tau I think they still fail to compete against smaller wall well-fueled entities and, in the end, we're basically basically still working with a money combustion engine and the combustion engine is really starting to sputter out I. Think as the nature of working becomes increasingly decentralized and remote, um it took a global pandemic and the rise of machine learning really to help us realize that humanity is stuck in this Perpetual state of chaos.

D

um What the past few years has shown us is that we can actually do a lot more from home with much less with less people as well. So we have to ask ourselves: why have Dallas haven't done the same? It seems like we've only made it more complex to complete the most simplest mundane tasks. The story that I like to point to is I recently went to the Stanford Dao Summit.

D

This was like a couple months ago, and people were kind of sitting around in the org Dev table, and they were talking about writing a white paper on like why Dao should matter for academics and I said well. What's the story that you're going to tell about douse? If there's one kind of attention grabbing story that makes it make sense, what is it and everybody kind of without a blinking, an eye said? Oh, it's Constitution though, and I went. hmm Why is it Constitution now like? What is it about Constitution, though, that that makes sense?

D

It took a time a ton of time, energy attention, people all over the world Twitter for several days and weeks to raise a bunch of money. Just to lose a bid at buying the Constitution which I get is a meme and a marketing angle that we need to make it to make the Dow thing stick, but um it seems to be doing the exact opposite of what technology needs to be doing, which is to save you time and doing gargantuan tasks with the least amount of people possible.

D

We're doing the complete opposite with those for some reason, and we think this is a win and we need to find a different path. I think we really need to take a different approach with Dallas in this next phase, especially in this uh this fair market, um because if dollars are building the next vehicle for Humanity, it's not enough to just build a new chassis for gasoline. We need a completely new motor uh one, that's more efficient, that saves us time and energy and we need more than a motor. Actually, we need an EV.

D

So if those are the EV of coordination, then Mochi wants to be the Tesla of web3 we're working on a new battery for the model dial. If you don't like kind of all the kind of like techy, you know car analogies, whatever we also like organic knowledge, I actually prefer them think of Mochi kind of like mitochondria, it's the PowerHouse of the cell, so we generate ATP to power. The atomic units of your organization, which is really the people and here's our value, prop Mochi, saves you time coordinating online.

D

We distribute tokens in a fun and easy way and we drive autonomous engagement in your Dao. So we want you to supercharge your community using this concept of staked goals and playing our coordination game in Discord or slack or whatever. It is that you you like to organize your community pods circles team squads, whatever you call groups of people in your organization, we believe that having skin in the game makes them stick together better.

D

So here's how it works. The rules are pretty simple. You pick a goal and then you commit to that goal for a period called a journey. uh Journeys can be as long as you want, but the standard in the Emoji Community is eight weeks. Next, you commit to your goal by staking eth and in the future, you'll be able to stake your own native token, but right now, it's just if there's four different difficulties, ranging from easy to hard mode. So the more that you stick, the more you earn. That's the basic mental model.

D

Mochi is a team game, so you can join the team of up to four players. We recommend anywhere between two to four and everyone can work on different goals or an overarching goal. As a team mochibot will ping you every day and remind you to submit a pearl of wisdom. So that's our play on this concept of proof of work. It's basically a simple two minute check-in that you can use in place of a daily stand-up.

D

The standard question is based on a set of agile principles, but they can be customized to whatever your organizational needs. So if it needs to be customized to a specific kpi, we can do that. Just let us know you submit daily check-ins and earn Mochi tokens as you make progress towards your goal and every successful check-in.

D

You share it in a team Channel where everyone can can stay in sync and there's also a global channel that these reports get shared and I can show you if you want to do a demo later, so that everybody in the Dow can kind of have like a high level view into what everybody's working on.

D

As you earn these tokens, you can spend the most the tokens on your avatar in a shop that we've built so in the future. You want to basically make Mochi into kind of a living, breathing intelligent, Kawaii companion, but for now all the items just have utility to help you perform better in the game. So we want to help you prevent you. You know from getting slashed, slashing your teammates so on and so forth, and what a slash is is what happens when you miss your check-in?

D

So if you miss, you lose a portion of the ether that you staked and if you keep missing the slashes go up and then your teammates will lose ether as well. If you just are kind of toxic and not showing up, you know any lost eth returns to a community, slash pool which then the dial can use for whatever it wants. A small percentage of that goes back to Mochi, which we use to keep the game going.

D

So in case you're wondering how we like to play the game inside the Mochi Community, here's a little bit more on us, so Mochi is kind of a community of Kauai companions. We help each other realize our dreams we've been playing. We made this game basically in 2020 using a Google sheet, we've been playing it ever since to help curate retain and drive member engagement.

D

So we, you run a cohort style, onboarding experience when you join Mochi, so you're required to complete one journey to become a Mochi member and then two Journeys per year to remain an active member of Moshi. As you can successfully complete the journeys you rank up in our organization and you earn reputation based on your check-in score, so um our community-wide check-in rate is over 80.

D

So that means when you're playing uh four out of five days, people are showing up to play We're on our eighth cohort and we're going to be starting a new chapter of that with a dream oscillator in q1 of next year.

D

um Since we went through seed Club at the beginning of this year, we ran pilots in 20, different communities, including pleaser metacartel, cabin dial, two plus to name a few um I think the one that's going to be most relevant is shifai. So that's why I kind of called it out over here? um Hopefully, everybody's familiar with xify, but um if you're not web, it's a webview community that empowers women to unlock Financial Freedom through crypto education, experimentation, community.

D

So many of the sheath fires are actively looking to make career transitions into web3, and one of the blockers that they found was that, after completing the course of Maggie put together, they still kind of need something to point to after um you know, to kind of demonstrate what they've learned as a result of finishing the course. So over eight weeks we worked with a team of five Chief eye women to create kind of a career launch pad program.

D

The program basically used Mochi to do deep, dives into new protocols and then create artifacts to Showcase what they've learned to potential employers. So the team decided to look at regenerative, finance and on-chain messaging. They chose toucan and dispatches the their first project and the interest thing about this setup was rather than having the ladies stake. The Ether themselves, the community stick to the ether on their behalf, sort of as like a bounty. So it's kind of like an inverted model.

D

It can go either way either team members or staking- or uh you know the organization- could stick it on their behalf. um So the Chief Fire is based in four different cities. They work together to break down the complexities of the carbon credits. Market sending uh you know, messages to wallets and then they publish their analyzes, basically on uh mirror XYZ um and then also maybe relevant. To DXL is like at the conclusion of the journey.

D

We asked them to perform kind of a subjective evaluation of their teammates, and for that we use coordinates, give Circle you guys are probably familiar with coordinate, so the women looked at their shared check-in, Channel, basically, where they were generating these proofs of Works to review each other's contributions over that eight week period, and then they made subjective allocations using give and the give Circle. Then we took that you know the give balances basically and we awarded extra bonus, Mochi tokens at the conclusion of the pilot. So you know part of our thesis.

D

Is that like, if you can create an objective trail of work, for what people are doing day to day these tools that are meant to kind of reward people subjectively, you know like coordinate, perhaps like carrot are actually better, because we have a record that people can refer to uh and again a trail of proof of work that you can use to kind of validate any kind of activity, giving out tokens that you do inside of your organization. So we're working with our team to expand the program.

D

The career Launchpad program in q1, multiple teams and their their Journeys are actually going to be sponsored by communities and protocols. So Ave live peer optimism. Whatevers are going to be the ones staking for the women and they want to use it basically kind of like a two-way recruiting funnel.

D

um So that's, basically it I'll tell you about some other kind of like you know, use cases after this, but in conclusion, um we're here to power. The next vehicle for Humanity um I think that vehicle is the Dow I think we all believe that so we're kind of working on the Tesla for the next generation of remote workers. We really do believe that the combination of State goal setting and a trail of proof of work is the crypto native path forward to saner quieter, more efficient doubts.

D

We want to help you save time, increase engagement, reduce coordination costs as Dows, continue to scale and decentralize and become more remote. It's really our hope that Mochi will become more than just a bot, but an intelligent companion that can help increase autonomy in your organization. We're here for the a everybody's been working on the D, we're working on the a uh for the model Dao. So if you want to help us build the gigafactory, that's our QR code um and uh to follow us on Twitter. So there's there's 10 minutes. I can answer questions.

D

I can tell you about like some, like you know, more dial related things that we're piloting and next year. Just let me know, but I'll stop sharing real quick.

B

C

Does anyone have any questions about that.

B

Yeah Wayne.

G

A

Start I'm sorry, I've got a baby that refuses to sleep, but I just want to say that, um like I told this Gabriel like during covet I made a Dao and Dao style. Basically you stake back. Then it was like one eighth, which was 200, and then you have to work out every day for seven days and you get.

A

You know one seventh of that youth back every day, so, like I, really believe in this sort of rock models and I think you know something that really happens here like um you can you know clearly see it is um you're sort of creating a habit with people, even if it's just that small thing of entering the Discord- and you know, checking in or saying something and I think this is like. uh This is something super, valuable and and I mean I.

A

Think all of us have the habit of like entering like ebays or Discord every day, um but um I mean this could be a great way to sort of like a line internally. In my opinion, and also help, you know, grow our community around um yeah like basically bringing some of the people in the Discord or in other places to become like maybe members that are I, guess more often engaged um so yeah.

D

Yeah I can like there's, there's a mental model underneath this that I think you know it's we're all familiar with it. We like we just uh you know to kind of like lean into this habit thing. These have these habit. Forming systems exist. Basically, in every technology we use they're, just invisible. So the analogy I like to draw for people is like Twitter slashes you, you know, you don't know it, but Twitter slashes, you there's an algorithm there that encourages and rewards people to tweet every single day.

D

So we know this right like if you drive engagement clicks, if you tweet at least once a day, you get a higher prioritization in the Twitter algorithm. So you know we were just like it's kind of foreign and feels weird to kind of bring it up to the surface. But realistically this is how our systems work. We just don't we're not aware of it um and what we want to do kind of is, like you know this entire blockchain experiment.

D

It's like increased transparency, every single of the way and then make the rewards explicit and that's what you know. Our technology does a really good job of tokens, all that kind of stuff.

D

um If there are any other questions, I can talk about another way. This is you going to think about using this for engagement, um so there's a project that I cannot name uh just yet but um they're.

D

Let's say they're, probably one of the most widely used Dow tools- uh that's ever kind of you know ever been that that's been built, I think we've all probably I would say that everybody in this room has probably touched this tool, um they're starting a Dao, and they want to airdrop some tokens and let's say that many dials want to do this kind of thing, because airdropping tokens is like you know one step in towards engaging people in your community to kind of do some work for you, but I think what we found with this kind of like last wave of airdrops is that people just kind of farm them and don't really participate in the Dows.

D

You know you kind of just like the uh it's. A very low cost entry uh you kind of just use the tool you get the airdrop and then whatever you're you know part of the dial you delegate it to somebody.

D

um What they want to do is, like you know, they're going to create a Discord once their job happens, it's going to be a nominal amount, not going to be a ton you're not going to get rich off of this airdrop, but what they want to do is like they're going to get thousands and thousands of people back involved engaged. Ideally maybe, let's say because if they're getting their, this hair drop they're going to pile them all into this community and they don't really have a thing for them to do.

D

They're just like gonna, be in the Discord and they're like thinking about building some Bots or whatever, just to kind of keep people happy and engaged. um But what we're working through with them is like. No. This is an opportunity to actually bring people deeper into your community. You just got to give them an onboarding experience, so you know in the similar way we use it to kind of onboard people into our community.

D

What they want to do is basically create some kind of like starter Journey, our starter program, basically where you learn kind of like the ins and outs of the culture of that Community, uh maybe some like quick steps of like how to engage in a more tangible way.

D

You know kind of like a list of to do things that you might do in your first two weeks of joining a company, let's say, and throughout that program you have to stake the token that the air drop to you and you got to complete it up to you know, let's say 80 report and rate um rabbit hole. Yeah rabbit hole is great. You know, like rabbit hole, gives you a set of tasks right like when you kind of like are playing with a protocol.

D

They teach you how to do these different things, but I think I, think you know, there's there's something to be said about like the kind of cultural onboarding that needs to happen with some of these groups um and I think they want to kind of, like also increase, like you know, create this habit from the get-go of like hey the way that this works is you check it daily and we play this game to coordinate daily and getting it into the early DNA of the organization.

D

As it's as it's saying, it's like you know one of the best things you can do, I think for habit forming because it's harder to change habits later on and then they'll basically use that as a curation function, because if you like commit- and you can't show up on working on- you know some things that have been set in front of you- then maybe you're not going to be of the most engaged member of the Dow you're, not going to be that big of a contributor.

D

So it's one way to kind of create a funnel and start the activity going on. You know from the very beginning and then keeping it going so we've built some features that make it really really easy to just roll into the next Journey. Now we have this concept of Journey waves, everything's a game for us. You know it's like uh if you've ever played like Halo or if you've played Call of Duty you've played these games.

D

Where, like you, just sit in a Lobby and then the timer starts ticking, and then it automatically puts you onto teams. You know it's just like whatever you can do to just keep the thing going. It's just like kind of how we we kind of Drive the engagement and the people. The magic of the Dow thing will kind of emerge just by people meeting and working on things together.

D

Now that's kind of like the loose version of this, but you know we use Mochi to build Mochi, we eat our own dog food and we use this to build our team. So we're based in, uh like I, said four different cities. Four different time zones. My co-founder right now is in the Philippines. He was in Madrid earlier in that and he's working in opposite time zones, the sync meeting.

D

So if you're, you know, if you're running a good organization, that's remote you're doing a daily stand-up you're doing a daily stand-up regardless. If you're running an organization right and we've got to conf, we got to figure. What is the cost of that stand up to a decentralized remote team um because, as you know, the cost of physical space go down when we moved kind of into the into the metaverse um and we go home and stuff. The cost of coordination goes up.

D

I think we all know that right and it's like we have to do all these extra things to kind of keep people engaged involved and running with what we're. What we're working on and the cost of the sync meeting is actually quite high if you have Engineers right. So, if you're demanding an hour of time from Engineers per day, just to do a sync meeting when they could be, you know banging away an extra hour on code. I, don't know how much you pay your engineers. But let's say you pay them 100!

D

An hour right, multiplying that over two weeks you know in the time period multiply that over by a month, this is several thousands of dollars. Depending on how many Engineers you got every organization that I've seen that's a unicorn comes up with a system. That's similar to this one uh Google called it Snippets. Basically, an engineer developed a system that sent emails throughout the company that you would get and you'd respond, and it was the agile questions. How are you feeling? What did you do yesterday towards XYZ? What are you working on today?

D

What's getting your way, and what do you uh What's blocking you? So you answer those questions. You know some roll up happens, it's shared throughout the team. This is cited often as the number one thing that improves productivity in organizations that you know have a lot of Engineers and developers that are working on many different things. It just gives you an oversight and saves you time and coordinating that information, because otherwise you've got to hold a meeting to kind of just.

D

Do the status update thing so we're really focused on saving people time and just making it more transparent and working within the bounds of you know the principles of web3 to kind of just create an experience that, like is you, know, truly down native, and you know our hope is that every Dao again when the future will have their own token, they could play this game with their own State tokens. You know and reward their people with their token.

D

Slash of the tokens create pools of capital that small people in the organization can, you know, go and go do stuff with. So it's an idea.

C

Yeah, that's cool I like I, guess a daily um within gills the block like the what you're working on, what's important to you and then, if there's something blocking you and everyone, knowing that for each person in your guild or Squad and then yeah, someone else being able to then already knowing like if I can, if I, oh I can help that person stop that blocker without having a meeting it makes if assuming you're everyone's reading, their yeah.

B

Their teams needs that that makes sense to me.

C

Does does do devs? um Are there devs hear Adam? Is that like? Could you see a a a Dev team using that, instead of a really stand up.

G

I was not paying too much attention. I was quoting exactly.

C

Like asynchronous um meetings, yeah asynchronous like this is this is what I've been working on. This is what I'm I'm I care about, and then this thing is blocking me, um which is kind of what you might talk about in the stand up, but doing it asynchronous asynchronously each day um or maybe some days. uh I guess would be every day of the of the work week. Yeah.

G

um I mean it depends on the team so on a small team. He wanted to be as cohesive as possible, so you're like entirely tightly coupled especially with Mimi set up I, want everyone to be up to date, whether asynchronously or synchronously. It doesn't matter, but generally, the goal is to know what you're working on what is blocking you and then how can you move forward?

G

Yeah in bigger teams? I can probably see this some sort of having value but truly depends on on the team's style. Some people just don't like going to meetings and people like meeting some people find um being on a huddle, Channel Discord helping them. So it's it's a different type of communication style for each team.

B

D

That's a great meme.

C

Cool yeah, maybe we can so as we're uh DX Dao, which was all one big dial, like everyone contribute doing.

C

Proposals straight to the Dow for the New Years Elon may have mentioned, were: were fractalizing more into guilds, focused around uh different products and services and verticals of the Dow, so giving more autonomy to each smaller group for how they pay and how they act and and I think some of the guilds may be the a good place to yes to start.

B

D

Yeah, it's I think you know they're kind of our mantras. You know dream big start small right, so you know what we typically do with an organization is we'll go in and we'll we'll figure out like. What's a test pilot thing, you know what's something that you want to accomplish and then we'll. If we need it, if we need to, we can run a design gym where we kind of, like you know, create the idealized journey, I. Think for the team, but you know it often just starts with kind of like low stakes.

D

Participation very small, our staking minimums are very small in the order of like 20, 40 I think at current prices for like the the minimum, and it's like you play The Journey if you're perfect, that money still belongs to you basically um but yeah the guild level. If guilds have specific, kpis um or goals related to their product I'm, assuming it's just like product denominated, um you know we could come up something that's related to the product.

D

There are certain metrics you got to meet and, however, the project manager I, don't know how these guilds are structured and we can get into that I guess. When we kind of do more of the pilot kickoff call, um depending on how they're structured you know, we can work with a project manager or product manager.

D

If there is one to have it, you know kind of fit their management style so that you know, hopefully they save time, and then the questions can be tailor-made to whatever the objective is, and then they can use that as like a additional kind of information, source and Gathering tool to help them perform a little bit more effectively efficiently.

B

Yeah cool cool um yeah.

C

Awesome uh so I guess we had this recorded, uh we'll share it with the others and contributors that weren't here um and then I guess we'll be able to figure out us a group or two that might want to do this within their Guild and we can yeah. Let you reach out and let you know yeah, hopefully start a trial.

D

Sounds good I'm here you know where to find me Sky, hopefully, I'll see you when you're back in California all right sweet. Well, thanks for your time, everyone it's a pleasure to meet you. Hopefully uh we meet see each other again in the middle verse in the new year. um Thank you super special, thank you to Elon for bringing me on um yeah very much appreciate it. So um yeah dream big star small, stick together! That's our that's our whole thing. We'll see you soon.

D

F

Thanks that was a great Chuck.

B

Cool uh yeah I guess we can stop it. There.