DXdao DXbiz Weekly Gathering, 16 May 2022

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From YouTube: DXbiz Weekly Gathering [2022-05-16]

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00:00 DXbiz Call 2022-05-16
05:35 DoinGud Presentation
37:30 Arbitrum Odyssey Meeting Recap
46:45 TheDAOist Dawn Opportunity

A

B

And welcome to the the style best of call for monday 16th of may uh 2022. um on the agenda. Today we have one member introduction that we'll start with in.

C

B

We have the uh doing good presenting. We have manu from uh dave's good here under dx biz discussions. um We have.

D

That's a a dx tower developer recruit in the background. Yes, sorry.

E

I'm going to do another one um yeah.

B

um So we have a arbitrary odyssey, a swapper campaign. We actually um won, and I think you know there's a few updates about that. um The the taoist dawn opportunity uh in other dx events we have uh ecc coming up and the dx hack proposal is up uh at uh the around devcon, bogota and the dx retreat and yeah. I think we might have some time to also talk about that. The expenses opportunities, maybe uh yeah. So that's that um and yeah phil. Do you wanna get us started?

B

Would you intrude up, introduce yourself.

A

Yeah hi guys thank you for that. So yeah, I'm phillip and I am in qa engineering uh last three and a half year, I'm working uh a lot of projects that include the web 2.0 and some components that include web 3.0, something like crypto explorer and almost that was the crypto that on ethereum network.

A

So that's it about my uh crypto experience in testing and I work as automation and manual qa, because automation can't function without manual. You know that so my text tag that I prefer is not js, that's javascript, so selenium, webdriver, webdriver, io and gurken for the syntax and scenarios like this kind of features and stuff like that.

A

So that's it and a few words about dao it's I know the dao is a whole new concept and in my opinion, that is the how things need to to work in blockchain, because we speak about immutability and like that and we use the exchange. That is not decentralized.

A

So that's our kill in my in my head now, but uh all things about dex and if I that's mind-blowing for me at the moment, uh I'm learning about it. uh I know uh not enough, but um I I can't wait to to learn it and diving into it. So that's it from my side.

B

Thank think awesome welcome and how did you find out about the xda.

A

Yeah I work in uh one company with milan qa. We worked together on some projects and he told me how you guys works and uh all stuff about uh his experience and the community.

A

uh I I can't imagine in my head: is it real or not because yeah it sounds awesome, because you have all the moments for self-improvement and you have the maid in your team who can push you up and help you for all things and also you from another side. You can help some another guy for some similar issue that you fix on your previous experience. You know- and I like that moment and also the moment where we speak with community, because when you work across qa, you need to to wear shoes that uses user wear.

A

You know, because I'm not interested about client requests. If I can say on that way, I'm interested for users, because that is the guys or girls who use it the system and it needs to work on the way to help them to get what they want.

B

F

Awesome amazing welcome and philip what's your favorite food.

A

My favorite food, it's serbian glasgow, it's a it's something like hamburger.

B

So, thank you and yeah. I think I guess you've been talking to melanie and you know, can continue um yeah the discussion and how to onboard- and you know stuff like that and yeah on to the next uh topic. We have doing good uh here. We have manu here on the chat now feel free to yeah grab the mic man and yeah. I just posted your dow talk into the chat.

C

All right, awesome, yeah! Thank you! So much, I'm also here today with andrew as well one of the co-founders um yeah. Maybe maybe we can do a quick introduction of ourselves, so you guys get to know us a little bit and then we can get uh get into the product and show you a little bit about the things that we have live and where are we going uh so yeah? uh One andrew? You want to get started with your quick intro.

G

Yeah, it's your thing thanks everyone for having us uh great to meet you all. I'm like mommy, said I'm andrew one of the co-founders, mostly overseeing the operations and finance side of the project.

G

My background is in finance, but not at like a big bank or a big consulting at a consulting too, but actually at a cooperative one of the largest in the world. Those in the us might know lando lakes, the butter company, it's actually a cooperative, and I got to work on our patronage program where we were designing, how to redistribute profits back to the members and then also um in internal consulting like working for our largest members, so that they improved their business and as like, the individual members were strong. Like the cooperative was strong.

G

I always thought that was a really cool model and once I got introduced into web3 and this idea of dows and like community ownership was like perfectly aligned with what I was interested in in the first place, um and I transitioned from that by doing an mba program in europe and madrid at audi business school focusing on social entrepreneurship.

G

So I kind of wanted to get outside of just the finance and consulting side of stuff and like do something of my own and do something that was more impactful. I guess, and at first I launched an edtech company.

G

We were teaching kids how to be safe and responsible on the internet, um so there I saw like the toxic and kind of destructive nature of big tech and web 2 and like these extractive models and again like when I learned more about web3 and this idea of of owning your own information and like kind of taking the power back into the individual was again like perfectly aligned with my values, so um obviously jumped right in thanks to my brother manu here, who kind of kept feeding me this information showing me how much aligned it was, and we met 10 years ago when I studied abroad in venezuela.

G

I was the the crazy gringo american that wanted to learn spanish and I studied abroad in venezuela. Monu was a brother to me there and we stayed close ever since so kind of joined forces. Once uh I moved over to europe and was looking for the next big thing, so um yeah, that's that's kind of my background and how I got here, pass it back to you. Mono.

C

Yeah from my side, I'm manu I'm originally from venezuela as andrew said, I've been working in the tech industry. Basically, since I'm a kid, I got my first computer at the age of eight, more or less 13. I started building websites very shitty ones. I was doing arbitrage without me, knowing that I was doing arbitrage, so I was buying stuff from the us and also from europe and reselling it back at home.

C

Did that during my whole high school and then in my university I started also building websites for the university. Then I became a mechanical engineer, got hired by one of the largest oil service companies in the world called coach, lumberja and basically, what I was doing there I was connecting connecting. Let's say all the different operators and trying to bring them and basically discovering petroleum within venezuela uh did that uh for a couple of for a couple of uh months.

C

Until I realized how disgusting the whole thing is, then, after that I left and I got into activism um basically, I I had to run away from from venezuela because, as you know, it's super dangerous for for people to express themselves.

C

I came to europe and then I started working again developing websites. I got hired by a company called rocket internet which basically, uh what they do is um arbitrage of ideas. They copy ideas are working and, let's say in in the united states, and they bring it to europe or vice versa, or to let's say latin america, africa, southeast asia and so on. um I got hired for a company called jumia, which basically, we copied amazon, ebay, booking.com, uber, ubereats paypal into one brand, and it became the largest marketplace in africa.

C

I was doing there. I was ahead of mobile, and so I was in charge of all the growth and also products and yeah. They did that for over two years. Until I realized how toxic the whole web 2 space is that, basically, you know we're using a new type of oil, which is data against users and yeah, very, very extractive.

C

So I decided to leave and then, after that, I got hired by microsoft to be the cmo for one of their startups. That was basically connecting patients and doctors using machine learning and chatbots there again, I realized uh how bad web 2 is, um but luckily I had a friend who was uh who was into bitcoin and was telling me all the time about bitcoin bitcoin bitcoin, then ethereum came out when ethereum came out. uh He built a smart contract that allowed you to swap assets and and yeah after that.

C

Basically, I realized how powerful this technology is and how it can be used as a tool for freedom and that's when I decided to go all in into crypto in 2016.

C

and yeah I've been working the space since then. uh The first thing that I did, I was tokenizing real estate, tokenizing venture funds, some venture capital with a european legal framework, uh worked on that for over two years and a half uh we raised over 18 million dollars and yeah the the idea was to enable anyone to invest in any type of asset but yeah.

C

I realized that is that this goal is not really achievable because, as you know, as you guys know, there's a lot of restriction when it comes to investment vehicles and so on, and then in 2018 decided to join the dao movement, the first with the meta cartel.

C

Also, I became a mentor at the lao helping different projects there uh and also I was one of the founding members of api 3, dao and yeah. That's a little bit about me and what I've done in the space since 2020, we decided to work on uh social products. We first built a product called five pandemics and it's.

C

It was essentially a place to connect those uh in it'll help with those who can provide help anywhere in the world, and we built this whole product without raising one single us dollar uh in over 30 languages and with only volunteers from all over the world, we had over 1 900 people contributing with code and contributing with, let's say design or communications, and while we were building this product, we realized a pattern which was that most of the people that were behind non-profits and ngos were creators.

C

And that's when we decided to work on doing good, which is creating a bridge between the creator economy and the giving economy and yeah? That's. Why we're here today and I'm gonna show you very quickly uh what we have live and then, after that, I'm gonna show you what we're building as well. um Here you can see. This is a pro a create creator profile. uh This is for east barcelona. We're currently doing the tokens, uh the nft sales for um for the events and yeah.

C

Essentially here uh on doing good, you can see, drops drops uh happened in the past and I'm gonna walk you through, so you can, you can take. You can understand a little bit. How does it work uh so? I'm gonna show you the first drop that we did. It was called the ocean drop and the ocean drop was done at the same time on super rare and on doing good.

C

This was the first drop ever on doing good, and here you can see that it says doing good gallery as the curator and essentially the idea is that we're going to have tokens and we're going to have permissionless galleries, so people that have enough tokens are going to be able to come and curate drops and make offers directly to the creators, and these offers are completely unchained.

C

um Here you have like the different creators. The different social costs that is being that are being supported in this case is the opener foundation. You can click there, you can see uh the cost. The cost is completely unchained. uh You can see the different creations are supporting this specific social cost. So you guys, I'm pretty pretty sure that you guys know what happened with the black lives matter, movement, that everyone was posting like a black picture um and yeah.

C

We think that you know in the future, people are going to show that they care about humanity, not only with abort ape, but actually with you know, different uh different creations and showing that they care about about the world and not necessarily just buying and selling, but just signaling that they care about the world.

C

Also, another thing is uh in the drop. You have different creators that are that are selling. In this case we had um big creators like paul nickland, uh paul nikon is probably one of the top photographers from national geographic. um He he basically launched. uh Actually, let me look at it. Look it up here. um He launched diesel drop for the first time, together with us um and yeah.

C

Also, we had christina mittermeier and a couple of other top-notch creators, and they decided to come uh to doing good because they were able to basically make donations directly on chain and in a transparent way and yeah. For example, this these guys decided to give 100 to the um to the opener foundation and yeah many other creators. They decided to give any any amount of money that they were willing to uh on doing good a minimum.

C

A minimum of five percent is required, so they can give whatever they want um and yeah. Basically, this is what we currently have. um We also have exhibitions page. We have done exhibitions together with git coin, also with east denver, where they were the curators.

C

We have also an explorer which was currently released and essentially people are able to explore and buy and sell different fts um right now. We only have sorting we're going to be launching filters uh in the next in the next sprint, and now I'm going to show you very quickly, uh how does it work I'm doing good and by the way, when you come to doing good, you are able to connect your metamask, your wallet, connect and your email, and when you connect, basically, you create a profile.

C

um The profile is using the ceramic network so like that you're really owner of your profile, uh meaning that in the future you will be able to use that profile in other social networks that also have integrations with the ceramic network and so on so yeah on doing good. You come you put your username, you put your profile at your email.

C

If you want to receive notifications and then after that, you click next and the first thing is, you will land on your profile that is kind of empty, and the first thing that we say is time to choose it's time to make an impact: choose a social cost. So you select okay, I care about no poverty. I care about gender equality. I care about climate change and these are the 17 sustainable development goals by the united nations.

C

uh The united nation is saying that it needed over four trillion dollars every year in order to achieve the sustainable development goals by 2030 uh and currently there's no protocol, no platform. That is basically funneling, that money in a transparent way and that's why we think that we have a huge opportunity here um and yeah. Essentially after you choose all of those social costs, uh those social topics, you can see the different projects that are supporting those and you can browse you can browse directly there.

C

You can put a keyword or search by location and you can select, which ones are your favorite and which one is your main cause. Then, after that, you're basically able to drag and drop and upload any type of content, whether it's pictures, music videos or even 3d objects for the metaverse, and then you write. What is the title? The description, the tags, uh the social costs you can select uh within your favorites or maybe some suggestions based on. Maybe um some problems are happening around the world, let's say, for example, ukraine.

C

uh We, it could be highlighted there um and then also you can add different collaborators and other user names or the theme address if they don't have, uh if they don't have a username. Yet within the doing good uh pro, with the they're doing good platform, um then after that, you select what are the different um splits between all the different contributors and you can have up to 200 contributors um and then what is the profit that goes to the social costs?

C

As I previously said, we are starting uh with five percent in the primary market and a minimum of 2.5 percent in the secondary market. All of these uh all of these can be changed by the dao once we release it, um but yeah. Those are like the initial parameters that we have established.

C

Then, after that, you're able to publish- and that's it when you publish you're, currently publishing um basically we're using ipfs. The idea is that you are also able to put uh the metadata on airwave or filecoin so like that you can have a more receiving nft and when I say that we publish- and I don't- I don't say- mint- it's because you don't need to have any cryptocurrency in your wallet and the way that is being done in a decentralized way using the ceramic network.

C

Otherwise, would be completely centralized um and yeah it's uh it's with lazy minting. So the idea is that the the idea is that basically, the tokens are are lazy minted on multiple chains, so the creator can decide if they want to release it on polygon or ethereum. um Let's say no chain or any chain uh that the creator wants, uh but we're right now we're we have. We have release on polygon and in the next month, or so we're releasing also an ethereum and other evm compatible chains as well.

C

Everything that I've showed you until now is is completely live. We have instant buys, which have english auctions. We have rank open editions. We have rank auctions.

C

Also we're gonna have dutch auctions in the near future, and now I'm also gonna show you what is being what is being worked on we're going to have the possibility for creators to have different type of cell mechanics, meaning that they will be able to create bonding curves, let's say manual bonding curves, so you can say: okay, I have the first public sale is going to be ten editions for fifty dollars, a second two editions for eighty dollars, for example, and you can create like different pricing models uh within one sale, uh and all of this is done completely on chain and also you can limit the amount of additions that can be.

C

um That can be, let's say, purchased by a wallet. You can also create private sales and decide who are those, let's say, y listed or allow listed uh to, to meet and and to be part of the cell and yeah. Essentially you're. You are uh you're. Gonna have more control within your drops in a very let's say, user-friendly, user-friendly way. Another thing that we're going to be doing is curation.

C

We think that creation is super, super powerful, so we're gonna have boards and boards are essentially kind of like a way for uh individuals to organize the things that they like.

C

So you can have, let's say a board for artists from latin america and put all of the different pieces there or maybe another board that is focused on um music nfts and you could have, let's say, even a play button and basically have that as a playlist, you will be able to have a page that other people can use as well of your of all your curated nfts and you can have different people also participating in the in the collaboration process. So you can have, as you can see here, you can.

C

You have two people, so you have added collaborators and you can create. You can create these curated boards collectively, and the idea is that dials can also enable. I can also do that um and yeah create kind of like all these different medias uh across uh different formats and bring it and bring them and curate them in one place, and this is uh basically what we have right now. Let's I'll show you most of the things we are.

C

We are um building towards towards launching a token in the next three four months and the idea is that every time that there's a transaction, a transaction happening in the platform, the creator, the collector and the curator- will receive tokens that we called amor, and these are more tokens basically will enable people to uh to have governance once they stake them, and the idea is that we can curate a social cost registry of all the courses that we believe are doing a good work for the for the world.

C

And these, let's say this token curated registry can be accessed by other nft platforms by bfi, by daos or by anyone uh by anyone, even in the web 2 space as we're building also an sdk that can be integrated across uh and yeah. That's a little bit about what we're building what we have and andre. I don't know if you want to add something.

G

I think you I think you touched on the main things around the product. Maybe we should talk about like who's working with us on this and how we did our previous fundraise right. Do you have your? um I have the presentation, yeah.

C

That sounds good.

G

C

I actually do have it as well. It's here, okay,.

G

C

Yeah so um go on andrew. If you want to cover this.

G

Yeah for sure, so so we're definitely looking to build this kind of in a well, certainly in like a community effort and we're looking with other aligned, like partners, group styles, to to be collaborating on this. So here you see a list of a lot of them. We're working with um decentralized storage, obviously really important. So working with filecoin and r. We even have grants token swaps in place. um Development organizations like d, org, um supernova, zenica, social cause groups like gibbeth, and the giving block.

G

um Mme are the lawyers in fugue switzerland that work work to launch the ethereum foundation and tezos and polkadot, and many others so looking to have the best behind us there. The ceramic network, I think, we're the first project to launch with launch, with their like the central at the central, centralized identity um and many others, and beyond, just like working with teams.

G

Like also, we brought a bunch of advisors to be supporting us in this um with a lot of great like founders and leaders in the space that have been helping us along the way, with with uh key advice and and connections. So we have scott moore here from get coin griff from the original, dow and gibbeth, and common stack and rn with gnosis and um simona from bounty's network and status yeah.

G

I never know who to call out here because obviously they're all great, um then also on the creator's side that are connecting us with a lot of firepower, with uh kind of people that want to get into the nft space and are ready to launch um and then on the nft side too, with renee from mocha and ben lakov from charged particles um yeah. The list goes on there and I think the other thing that's super important is like we wanted the same mindset when we did our first fundraise.

G

So we were very clear that we didn't want, like a lead investor that took the bit a big chunk and, like kind of dictated, how things went. We wanted our financial contributors also to be kind of as many aligned, individuals and and some funds that that would you know, align with these values long term and like bring as many people along as we could. So we have a lot of the angels here that are um also advisors or founders of other projects and protocols that we want to build together with we got.

G

We got that course, and then we got you know many others uh of these funds that we had small tickets, but we think and can help us and make the key connections too um we're pretty adamant that we weren't going to give big tickets and they'll have a lead investor, so yeah. I think that covers kind of who's, who's supporting us in this anything to add money.

C

Yeah also, another thing that is important to mention is that until now uh all our product has been in beta, so the way that people on board to our uh to our platform has been by us giving them a creator pass, and we have you know, taking a a very let's say, slow, very slow time in in order to make sure that uh make sure that the creators have a really nice user experience before we open it up to the whole world.

C

As you know, in in digital products, uh if if people come and basically they're not able to do what they're intending to do, basically, they won't come back. So that's why we've been taking this conservative approach before we open up the whole platform uh but yeah. We feel that we are right now in a really good stage when it comes to the user experience and so on and and yeah.

C

The the next step is uh for us to focus on the token launch and and yeah and then and then afterwards uh open it up for the whole world.

F

Hey guys, um it's sky thanks, andrew and manu for doing this and so doing good. The platform is amazing, and you can you can see by you guys running through it, how yeah how advanced and awesome it is from a this- is like from a diac dxl perspective like ada. This is so dick styles, you know decentralized, d5 dao has done very little in the nft world. We have experimented with co-ops with our community and things like that, but we have never um produced nfts really well.

F

We did do non-fungible trophies a really long time ago, as part of bitcoin grants and panvala, but other than that we haven't done like much more with nfts.

F

What would be either what you guys are seeing with other dows like us or what would be in your mind, perfect scenarios for how dx dao could start leveraging this platform and tech to bring it into its community, and, if that, if you don't know the answer that, because yeah it's not happening that much, that's okay! But what like? What would be the perfect path for dx doubt to start you know using this and and bringing it into?

F

Is it identifying a cause and then and then bring that cause to our community via these nfts or yeah? What would be some examples where we could actually take some steps into that space.

C

Yeah, those are really good questions, so um what we've been seeing is that you know some dowels, like git coin, wants to be part of this by curing content themselves and essentially kind of like giving a uh giving a voice to creators within their community um and connecting them. You know with possible collectors and also connecting them with a possible social cost. In the case of bitcoin, the idea was that every transaction that happened in the platform that money would go to a pool and that pool was reserved for the bitcoin git con grants.

C

um So essentially here it could be. It could be something alone along those lines uh but yeah. The idea is that you know the different dials cultivate uh their community with creators and they have a tool. You know for curating content and also for publishing content as well like for, instead of publishing on youtube and so on, you you could be. You could come to this platform and pub and publish your content um and again this content. The way that is published is using the ceramic network using ipfs and so on.

C

So it's not really in a centralized manner. um So yeah there are many different ways. I think that it could be used and also another another way. It could be that you guys are a creator yourselves and you can start dropping, let's say in the future uh tokens to let's say community members that came for example, to this call similar to pop um and yeah, create, let's say, different type of incentive mechanisms.

C

The idea is that you, as a creator now you you will be able to let's say, create different type of nfts that maybe are only accessible for for those that have previous nfts. The way that we envision this is that we're building a social platform. So it's not only a place where you buy and sell uh nfts, but also a place for, uh let's say connection with the different members of communities.

C

So imagine that uh you as a creator now you can have many different people that have collected your nfps and you can have uh let's say, like kind of like discord channels where only the collectors are able to participate and and talk directly to you guys um so yeah, that's kind of like the vision that we have when it comes to the creator space and how we can bring it together with us. uh Maybe andrew you can add something. On top of that.

G

Yeah, I think you cut the main things. I think the longer vision, too, with the token launch as well, is like that will allow what we're calling impact guilds to form too, where different communities can form around specific social causes and and kind of attached to to that mission.

G

So, like public goods, funding or sustainable development goals like the like climate and like diversity in these aspects, it's another area that we're we're looking to build out with the mechanics of the token to incentivize and reward those that are participating in in these different guilds um and in this manner it's another way to potentially like align the dow with certain like causes that want to be supported- and you know attached with that, like ecosystem of of streaming funds and and like uh supporting those missions so more to come on that we're excited for that to to kind of make its way out we're looking to kind of release something soon publicly on what our plan is with the token.

G

um But I definitely see potential there too.

B

Yeah, I think um I think we haven't really had like a full nfd strategy for the external, like we have this discussed like some things uh kind of like vaguely, and I think um yeah there have been a few products or you know things we've done um in this room, but we haven't really. We don't really have a strategy and it's. I think this is an interesting thing to discuss in general um sort of like the nft strategy of the excel, and I think definitely what you guys are building.

B

I think, if I could brand us is, you know, sort of like decentralization maximalist um and.

B

Sorry did I get this yeah, sorry, um so yeah. If I could brand us, it would be sort of like you know, decentralization sort of like maximus, and I think many of the things that you're doing like you know hosting most of the stuff on ipfs and ceramic network, is things that we really value um yeah. I don't know if anyone else has any other questions, I think yeah.

B

I think we really need to discuss sort of like our enemies, nfd strategy, because I think I think it's very good that you know sort of the the bubble deflated of the nfts and then you know this could give room.

B

Instead of these copycats uh 8 000 nfc collections, uh we could actually see something a bit more interesting and yeah ways to engage with communities, and uh I don't know for the style to build even its brand through nfds and bring people in so yeah that that's kind of like a couple of thoughts that I have.

H

Yeah, it would really be interesting to explore, as you know, there's a bit of a divide between the d5 world and entities, and this kind of this notion that uh nfts is what gave d5 a bad rap in in the web, 2 world and in the gamers world.

H

So if we were to foray into nfts, maybe doing good is a good access. A good partner- and it seems like the community of their backers- is also not the traditional silicon valley, vcs, nothing wrong with that, but yeah it seems like they. They have some really good communities backing them and uh we saw that they gave an example with that um photographer, um who had like 8 million followers on instagram.

H

So it would be uh interesting if, like nothing immediate, like um just consider it to probably use you know, utilize doing good if we were to consider going into nfts and supporting good causes, instead of just plain launching some collection for the sake of it. Yeah.

B

Say I don't know anyone.

E

B

Have any other questions.

B

um Yeah awesome so thanks manu, and I think um you guys are talking to nathan wright. um I know you usually the next step is. uh We have a shared telegram group where you know we sort of like continue and chat about these things and um yeah. Ideally, I think maybe I mean there's lots of things to talk about, but you know dicks down needs to figure out these. This nfd strategy um yeah, possibly yeah. We could start this in a thread.

B

So that's that yeah.

C

Yeah we do have a telegram group and yeah feel free to join and and ask us any questions there. So yeah more than more than happy to to answer whatever you guys have in mind.

B

All right awesome thanks um all right, so um I guess next on the agenda. We have like 10 minutes, but um we have the uh swapper on uh arbitrary modesty. I don't know if anyone wants to. I think some people have been talking to uh nina from arbitrary, because we won- and I know anyone wants to fill up in this.

H

Yeah, so we had a meeting with uh nina and um the odyssey will start at the end of june. uh It will continue for a few weeks. um I think it will span over maybe two and a half three months altogether. We will be.

H

Swapper will be a part of the campaign in week, six, which is sometime mid august and they're, using a gallery galaxy, which is a dab that gives users badges for um their on-chain actions, and we had to come up with uh interesting, um like user journeys within swapper to award, and we kind of like came to the conclusion that it would have to do with um incentivizing uh users uh to participate in liquidity, mining campaigns, and I added it to the agenda to you know see if anyone else has something else in mind.

H

Although there aren't many options, one possibility is to you know, use the opportunity to launch carrot on arbitrary, but maybe that would make it a bit too complicated. um I don't know what do people think, but basically it seems like we're going with um liquidity mining campaigns. There are a lot of constraints uh when it comes to the um conditions for for the campaign. We're not allowed to ask people to purchase certain tokens or participate in certain pools.

H

We're not allowed to name assets just generally ask them to fulfill certain actions, and since the eco routing does not allow us to properly, um you know, monitor uh activity um when people swap tokens because we could possibly be routing them to other exchanges.

H

So the the only way we could properly track the campaign would be to ask people to partake in liquidity, mining campaigns of their own choice.

B

Yeah interesting, I think yeah, since this is like a like an amm, probably like the the thing that you want to incentivize is liquidity provision um which I don't know where it could go beyond that just kind of like I was trying to brainstorm as you were thinking, um and maybe we can incentivize specific pools and try to grow them to become the biggest on arbitrage.

H

um Yeah that that's the constraint we we wouldn't be able to name certain pools or assets and ask people to specifically add liquidity to those. It has to be uh the choice of users.

H

That's that's a requirement on the side of arbitram like we we're not allowed to ask people to add liquidity to say uh swapper eath. You know we cannot.

B

Acids yeah: are we able to do like I'm into the thinking? If are we able to do like sort of like carrot, type things and say, like you know, if the swap or liquidity pool reaches like a liquidity.

H

Reaches 50 million.

B

H

Yeah, no, we could do that for the whole swapper protocol for all pools, but not for a specific pool, because it kind of asks people indirectly to purchase certain assets like we even.

B

So not a specific pool, we could say if swapper reaches 50 million dollars in tvl, then people start getting these badges.

H

uh Yeah, the yeah that that's possible, but the question would be how how do you distribute those then yeah.

B

I mean to anyone: who's provided liquidity.

H

H

Yeah so like, like a double condition like ask people to add liquidity and, on the other side on the other side, um say that you would only distribute rewards if liquidity is certain above a certain level right.

B

Yeah, basically,.

H

Yeah I mean it sounds cool, but I'm I'm wondering what, if we don't reach that threshold, like does that basically mean that we are dealing with people rewards yeah.

B

Yeah I mean we could you could create a few levels right like like whatever 20 million 30 million and 40, or something like that.

F

G

F

Is is is, do we we don't currently have a plan to deploy carrot onto arbitrarum. The question is: would we want to do that at some point? Probably, would we are we waiting for a carrot? V1, probably to be you know, up, live, tested and being used on, let's say x, diagnosis chain. Before we decide to expand that onto another chain, you could make the carrot tokens on nurse's chain, move them to arbitrarily distribute them and then draw them back, but that kind of defeats the purpose of the like growing users on arbitrarum.

F

You would be pulling them also to gnosis chain. So, if we're ignoring, if in that, in that scenario, we don't currently have carrot there, so we can't do anything with carrot, so the only thing would be with swapper and we're limited to either providing liquidity or providing or asking people to farm.

F

Those are the only two things we can currently do on chain. This is not like that unique like if yearn had won. What can yarn do right urine could ask people to like put money in vaults like what else can they do like? This is defy. This is specific d5 products on arbitrum there's. No, all you do with these products. Is you do things with money right? We do things with tokens, so we can't have people to buy certain tokens.

F

We can only have them move around or trade yeah or do something with tokens, so any d5 protocol- that's out there has to has to kind of answer this same question for these. I don't know uh when we talked with with arbitrary team. They didn't give us any new ideas that we weren't thinking about.

F

um Maybe there's some other ideas that another community is doing. That would be interesting that we haven't thought about, but there's yeah very limited opportunities that we can think of. Currently, unless we could get so yeah, we maybe we could do this.

F

You know john's idea, idea about the gas track using a gas tweak to do tracking and actually the easiest thing would be to get people to use echo routing right if we could track that for this campaign, that would probably be the the most unique thing that people could do on swapper that they can't do somewhere else.

B

All right is there a deadline for this.

H

I mean it's kind of decided like.

H

And from the two options you know one adding liquidity and two farming um farming is more sticky. um You know just adding liquidity, one can easily pull out or I don't know um for me. It's just um it's like giving people a taste of how nice the ux is, get them a good feel of what swapper offers as a service. So if we ask people to do as many steps as possible like adding liquidity and then staking lp tokens in a farm, they they will get used to it.

H

They'll like it and they'll probably keep coming back even after the odyssey. So.

E

B

Yeah. Okay, so I guess that's that um yeah. The next topic is um the taoist, uh um uh so the dawn opportunity to there's an opportunity for the exile to become essentially a core member uh to support. You know the taoist and you know all their future events and initiatives.

B

um I don't know who's been in touch with uh felipe and the guys.

F

Yeah there's a document there, it's just a draft, it's not in the forum, yet it was shared uh internally um for some feedback there, I'm not sure if people got a chance to look at it too much yet, but it is kind of an extension and leaning into what dx dow has now done a few times in the past right.

F

It's if we're, if we're, if we're associating dx dow with we've experimented with a bunch of different hackathons events, um our own events um and the taoist events, which obviously are very dow, focused, seem like a great community. The one in amsterdam was a little bit unique compared to some of their other ones, so they're. Obviously these events are changing over time.

F

They get. You know the community is deciding. The community has mainly been the taoist core team who's been initiating all these that whole process and ownership and decision making uh community is moving to become a dao, which is great right. We we all want that like. Why should the core team decide where these events are and what they are like? Should the community decide that? And so this, this dao called dawn is the dow that is going to decide.

F

The future of these events and dx dao already has voting power in these taos because of the first two events that we supported and the third event in amsterdam will ggg will likely lead to additional voting power. So that's to be decided by the actual dow. But this opportunity that is immediately here is is a yeah. It's a decision to either continue to support and and lean in further and become one of the core uh entities that make up this dao from from an entity perspective, so dx, dow being a recovering representation.

F

This dow individual people um can also have say in this dow um there is this cost so that to create this, to continue their initiatives and then also this like new idea of this meta hub, which is this this place of gathering it's actually the first one exists in in lisbon, um and it's this like dow physical place, where people can come and show up and and use, and members of the dow and things like that.

F

That's a little bit unique, there's a decent upstart cost to like, starting that whole thing and creating the physical space, but then these funds would all be used for the planning of future events and and things like that as well. So the open question is: should dxdow at this point lean further into this or just stay as as as in it as it currently is.

F

Like being one of the you know, one of the key sponsors to like future events and things or should dx dao become a deeper part of deciding where yeah, where the taoist events and this entire thing moves, and so it's a cost. This this cost to become a ministry position in the dow is 25 000.

F

It doesn't seem like that's gonna like once. This is the the upstart costs are are created, are handled the the idea is that this thing could become more sustainable. So I the plan is that like not every year, they don't, they don't need, like this whole set of sponsors. So if you are in this dow from the start- and you give a tribute of this 25k you get x, you get x, more governance power, you get access to the to the events. They're doing you know.

F

First, access to tickets and things you get access to the metahub, uh and then you get more say in deciding where this initiative moves um and so yeah it's a decision.

F

You can see on their site. Some of the other parties involved, there's a whole bunch of different documents with with questions and data points and things, and if there's any more questions, we can ask those as well, but maybe the next step would be if there's no new feedback from anyone. We could put this in the forum and and discuss it more publicly.

F

um There's some urgency. There's only yeah, there's, there's only x number of spots available at this like initial price, and I think it will might go up from there. So if we could come to some consensus sooner than later, that would be ideal, but.

B

Yeah so like the cost here is like 25k for this initial sponsorship right or like. Yes, you call it yeah.

F

It's more of a tribute to it now, yeah right! It's it's your! It's, not an investment, because we're not expecting monetary return work, but we are leaning in and giving tribute to this dao, which is going to help launch dawn and dawn. Is the dow that's going to decide all of the future paths of the taoist and all the events and the question is: does dxdow wanna yeah? Has it had a good experience with this, and does it want to lean further in or just stay where it is, or you know, move away from it?

F

um Those would be like the three options move away, stay where we are or lean further into this ecosystem.

D

Yeah, do you know is the team that is currently operating the taoist like? Are they going to continue uh like with their commitments as as like this launches, or are they looking to like hand off there.

F

Good question, so they are still. This is allowing them to lean in to be even more full-time operators. If you look at the breakdown of how these funds are being spent like the total raise, is something like 800k from the biggest from there's the ambassador there's a minute. There's like 18 ministry spots and there's like six 75k spots, which is the main the overall fundraise, the a portion of that I think 20k a month was.

F

The number is going to like full-time salaries of the four or five core team who will start to they've been doing this all like for free for the last couple years I mean.

F

Maybe they get some paid payment from some of the events they're doing, but they're going they're going to be go like full time and that's running the metahub plus running more events, and I think that would make the events probably better than they than they have been because you have full-time people looking looking at it so yep there that that this is allowing the core team to like become even more full-time core team and that's part of the use of funds which is.

I

D

Yeah and like yeah, I would love to see like some due diligence on that just kind of like what you know it'd, be great to like see a doc or something about the plan and like how that that that looks because I mean I think the taoist as an a concept, is really good, like some kind of platform for dao's to get together at conferences and like promote the ideas and what's happening um around dallas. It's really good.

D

So if it's like you know, even if it's not an actual investment, I think it's important that, like there's a solid plan that we see to actually like improve the operations of of the taoist and kind of see it continue.

F

Yeah we can ask for more on that. Some of that is the well at least like the spend of funds and the some of their plans are that's all in there's like four docks in this in this dock that are linked, you can see the pitch deck or the pitch yeah, it's kind of a summary pitch deck. There's a detailed dock. You can get a lot of that information, but we can ask for um more of like the actual plans of the core team and where their vision is and their goals.

F

Part of it is the dao I think, would the idea is that dao could help define that that path and then they would. They would be the best team to execute the past, so they don't have like the full path outline, because the full path isn't defined because they want the dow to define that path.

F

So it's a little bit of a you know, weird circle there, but we can ask for more around that because that's a good question, yeah, the and- and there is a I there is a soft idea- that there is likely going to be a taoist event in colombia.

F

Don't know exact time generally it's in the earlier side of the of the week, um but and then like, where else the events would be or what they would be would be kind of the left up to the dow.

F

Also, that would be part of the input like if dx dao was a core member and like which we already have somebody power. We can still. We can already propose ideas to this tao, but this dao is not is not hardened. Yet this dow is coming together currently, and so this is, I would say, this is more of a grant yeah. This is a grant sponsorship of this dawn dao initiative.

F

It would be for dx dow. No, it's not an investment yeah yeah.

I

um Well, that's monetary investment yeah. I um I agree with john like getting an idea on their overall plan and kind of what they're doing um and just looking through that mirror the taoist.mirror document. They clearly had put some thought into it um in addition to like doing due diligence on that, I know it's not an investment, but is there anything that will be like? I don't know like a perk or something that deex dao will get out of this if it is something like future sponsorships or future, you know something.

I

I know that the governance power itself is there um and that's an appealing there, but like just, is there like something, maybe more tangible that we could ask for, but I'm not sure what that would be.

F

So there are things like we're going to get better and first access to the events. Now the cool thing is we already, because we're quite closer than we already.

F

We already had the most access of any project at ggg by far right so and that's because we have been supporting, um we got more access than anyone else by like multiples um that the by supporting this that would likely continue, which is great. They want real dows who have can provide real value and have real. You know information and and set examples to be involved in this dao to help lead the way um we don't. If you're like one of the top top sponsors, the 75k, you actually get.

F

That includes like a a main sponsorship at like one of the next taoist events, but these smaller ones don't include like the full sponsorship of next events,.

F

And there there's yeah, there's 18 spots, so if they start giving different people different perks for the same sponsorship, it gets a little complicated, um but it also comes with access to the meta hub. So that's kind of there's currently a meta hub in in lisbon, but there there is idea to have other meta hubs in different regional places and so access to that we could do yeah. Theoretically, you could do a retreat or something there.

F

If you can schedule the time and lock it off, and things like that, so there's opportunities there, but that's a little specific to like a region, and maybe people that are in that region like people that are in lisbon that are part of dxdow.

F

They could start to use that meta hub and- and you know, interact more with the peop, the other communities that are also using that meta hub. That's less relevant for people that are not located in that region, but that's one additional park, yeah.

B

Yeah, so I would say that if this is like uh this is like a uh like a time-sensitive thing, maybe we should you know, move forward with the on-chain governance proposal for it and yeah. Let the doubt decide.

F

Would you say this so I can put in the forum and then we can discuss.