DXdao DXdao Weekly Meeting, 7 Jul 2022

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From YouTube: DXdao Community Call [2022-07-07] (audio)

Description

00:00 Welcome
00:35 Discussion on Voyager, FTX, Celcius and everything in-between
18:55 Recaps - Governance/Treasury
22:25 Infinite Hackathons Genesis Announcement
29:10 Swapr Beta V14
31:40 New Liquidity Mining Campaigns
34:12 DAOs & Builders Mixer Paris - How do I get in?
39:07 Discord REP Boosts, Governance gas refunds, Discord Updates
42:54 The Poem

A

Hello, hello, good morning, everybody I'm your host keenan. Welcome to the july 7 2022 weekly dxdow community call held once again on twitter spaces, happy belated canada, day and or 4th of july to those of you who celebrated again. This is a reminder that we're experimenting with spaces in anticipation of operation decentralization our upcoming live, show all about decentralization. You know fun discussions, fun guests. uh I've been shouting about that for a while, but there's been another important priority, one that we'll get to in a little bit.

A

So you want to stay tuned for that uh today, we're going to be kicking things off with the discussion on voyager ftx celsius. Everything in between uh you know all the insolvency following this we're going to tackle all the bases, governance, swapper, carrot, dxgov and also a very, very special announcement today. Something infinite you'll want to be paying attention to, but you're going to have to stick around to hear a bit more about this.

A

If you're looking for a live discussion as usual, you can find a chat for this call in the dxdown discord channels uh headed over to the twitter account at dxdow. I believe is the host of this call. You can find the link directly there in the profile all of our text. Discussions are in the mothership tech's channel. Unfortunately, twitter doesn't have any text. You're also welcome to step up on the stage if you're looking to speak, uh just feel free to request and we'll let you up cool.

A

So, let's get started uh voyager ftx celsius, everything in between uh I'll kick this discussion off, but I'm not completely intimate with the situation, so hopefully some others here have some info that, maybe I might not, uh but as of late there's been several examples of centralized entities leveraging user funds, you know as liquid capital lending borrowing against other entities uh to presumably safe companies.

A

I suppose um now, if you've been around the space for the last little while you know this didn't necessarily go well, uh you know hundreds of millions of dollars of user funds are effectively locked and accessible.

A

You know, there's been many collapses celsius, of course, being a big one, currently locked, it sounds like they have paid off their loan completely this morning, uh but also not completely infinite there. The more interesting thing to me is actually the voyager bankruptcy. uh If you haven't seen voyager, uh which provides itself as a safe commission, free, crypto purchasing and earning app uh from their description uh they filed for bankruptcy in a new york district court. I believe yesterday.

A

So if you read through all the details, you can extract a couple interesting things. The outstanding balances, which is actually over a billion dollars by the way, um includes 654 million loss to 3ac, which of course, as we know, has effectively blown up, but the more interesting one to me is about 376 million outstanding to alameda, which is sam, fdx's firm.

A

So I guess the big question is: is ftx secretly insolvent? uh You know what exactly is going on there uh and just how deep does the liability daisy chain go? I saw a good thread that included. You know, basically, this uh traceable daisy chain of like six different, formal borrowing and lending against each other, uh so opening that discussion up to the stage here. Anyone in the group that wants to speak up speak to the topic feel free to do so.

B

Remember that time we got pretend rich with each other's pretend money good times back in 2021.

B

Yeah first thing to clarify, though, is you know, alameda and ftx are not like technically the same organization right um and so alameda is like showing up on voyageur's a balance sheet is having borrowed from them, um but, like that's a separate entity from ftx granted, they are like closely tied together via spf, but um I think my my like next question would be how much did alameda owe blockfy, which we maybe will never find out, but.

C

I guess I'd, maybe challenge that it's bad, that alameda has a loan out and, like I don't think we know or have any indication that alameda is insolvent or could not pay off that loan. uh That loan could be in u.s dollars and it could be at a low rate and they're still kind of managing it in the way that they were doing kind of before the market fall out.

C

um It also could be in like btc itself right, so they could be doing some like market move in terms of like shorting btc or I don't know, but just because, like alameda, has a loan out to voyager. I don't think that gives any indication that alameda is like unable to pay back that loan or insolvent in any way.

D

Something interesting is how we learn about all that stuff afterwards right and what are regulators trying to clamp on the blockchain that is all transparent, like everything is before your eyes, everything is out in the open and they're going after us blockchain the community that is all transparent and honest, instead of going after those other and like what are they actually after transparency or shady stuff and, like you know how internal revenue services irs, is internal revenue service. What if the sec is just the insider trading service, they get the information.

D

They want you to disclose information and report to them first, so that they know how to trade markets.

D

Instead of everything being out in the open, and when you create this amazing genius, beautiful technology that allows for everything to happen transparently, they try and stop it.

B

I think the exercise of kind of imagining what might be going on and even entertaining some conspiracy theories is is useful, although I I do, I think, agree with chris that we don't really know like this, isn't like conclusive evidence or at all, that alameda is insolvent right like so they owed a lender. Some amount of money, it's unclear. If, if they are, you know if they are going to be able to pay that back or not? I guess, is anybody an expert in bankruptcy.

C

Why would they pay it back.

B

Well, bankruptcy.

C

Right, certainly, we got a loan from this company. You have their kind of money, so I'm saying like the bank, maybe the bankruptcy court will like enforce that, but from like elements yeah, they have a loan out, that's like probably working for them, they're, probably putting that capital to work and they're under unless they have something with like the loan agreement that they can be like margin calls. But, of course, not a market. It's not considered uh loan. So I'm not sure what the parameters of the loan are.

C

That like would give voyager the ability to like yeah, try to force alameda to pay back that loan um yeah, but in bankruptcy then, like this kind of gets into a whole who ranks among who there- and it's also true that alameda is- has loaned voyager 75 million dollars right and it kind of shows the incestuousness of this. That, like you, know, someone's lending someone 375 million dollars and then they're also simultaneously, like loaning voyager 75 million dollars.

C

um I think it's like even interesting to see like really it's like this is like a bankruptcy so like what happens to people that retail right in this case or people that are invested in a voyage or they gave people you know dollars, btc, east or whatever and they'd say. Okay, take this. I'm gonna get a yield and, of course, like what was happening in the background was like voyagers um sell season everyone.

C

They were taking the money in retail deposits and they were going around to big institutional players in the space by platforms themselves, trying to like extract better yield on that um and there's lots of different ways where things blew up. Obviously, like luna, uh really hurt um kind of kind of had a huge uh portion of that, um but like at voyager right now, I think I was reading it.

C

um You know they have, I think, like 2.3 billion dollars in assets right now and 650 million dollars of those assets, though, are a loan to three hours capital right. So the assumption is like you can count that as an asset, that you should have right, that three ac should pay you back but, like I don't know, if they're going to um so, if that doesn't come. If that is like worth zero, then that means voyager customers.

C

Depositors would get like 72 cents on the dollar right, so for every dollar they invested, they would get 72 cents and then actually in the bankruptcy proceeding the uh in addition to getting the 72 cents on the dollar. uh They would also get obviously, first and foremost, a claim on whatever assets they can get from 3ac's bankruptcy right. They have 650 50 million dollar loan from 3ac.

C

um They get back some of that, but that would go to depositors and then equity itself in voyageur right you get a share literally of voyageur, uh and then of course, because it's crypto, um you also get some voyager tokens, um and that would be the plan maybe to like make depositors quote-unquote whole, obviously not really really whole.

C

In that case- um and I think that's kind of you know- be like a huge precedent, obviously for like one of these crypto banks in terms of uh uh of kind of doing that, but it also shows like why there's not that much interest to anyone to like quote-unquote bailout voyager, because you would basically be buying a company right, that's under water, so you could buy a company, the 72 cents, but if you wanted to, um if you wanted to make customer whole like you would have to fund that additional you know 28 cents or 28 on those assets and like it's hard to like really see what the benefit would be of owning that company.

C

I guess you would have like some existing customer base that yo but like maybe sell other things too, uh but I think that kind of retail element of how it will play out. Of course, this is gonna like be used. I think in the future, by regulators as like a basis for maybe some type of regulation on like centralized companies offering yielding products but it'll, be definitely interesting to see how it plays out.

B

Yeah I mean there's that argument that the customers may be worth something, but you gotta wonder I mean in this environment it's such a hot mess like how attractive is that really and with yields having collapsed right? There's no like there's, not a clear business model. That's like readily available, I guess that's like could be a longer play and yeah.

B

I mean it's just like good to remember what we don't know right like we don't know, even whether block phi is solvent like it's just interesting right like you can start thinking down the conspiracy theory road, but it's just interesting that ftx offered block fi a 400 million dollar credit facility while at the same time alameda still has like you know these loans out against them, but, like you said, that's just how they were doing business. So it's not necessarily anything crazy right.

B

This just could be uh where they're at, but, on the other hand like yeah having 18 billion dollars of ust, completely wet off the books, not to mention the other hundreds of billions of dollars of crypto market cap that have just dissolved in the last few months. You have to wonder, you know what is the standing of of all of these guys and we just kind of don't know right.

B

You just don't know until they actually fail um so yeah I mean at the end, I think the conclusion is d5 has survived and d5 is like a better way to do this stuff right. We don't need to trust these individuals when we don't really know what they're doing and what kind of risk they're taking on and yeah. I mean, I think, other folks.

B

Do you look at this and it's not like this is not a surprising scenario right people like got addicted to this carry trade and they were doing like unsustainable borrowing like betting, that they could keep the music running and the music stopped right, and then you have a bunch of them insolvent, so I think ultimately healthy for crypto, but it's definitely some short-term pain here.

D

Yeah there's a lot of stuff happening everywhere and it's hard to keep track of. I remember like a couple of years ago when binance used to email people. Oh here's, a hundred usdt uh go, spend it like uh trade and basically is that really backed by anything or they're, using it as bait, for people to you know, use this fake money to try and do a trade lose money or get hooked put in more real money or get indebted.

D

So it's hard to know what is truly backed and what isn't when, when you have all these centralized exchanges, uh not showing their books and when it's not truly transparent? That's that's why I'm so bullish on dexes, like we have to bring everything out in the light when you have something centralized when you have private books, when you have ledgers that are not decentralized, uh then it's all as it's been going for hundreds of years. This is why this technology is so important and anyone attacking it is enemy of the people.

C

The people um beyond that um I saw that celsius I mean uh keenan- may have mentioned this, but celsius repaid the 183 million dollar loan.

C

It had to make her so that it could take out its wptc collateral and I think it kind of shows you know in this whole shakeout right in the crypto markets in c5 and d5, like the liquidation of a leveraged position on d5, is a much much much more sure thing than the liquidation of said position on a c5 platform as we're kind of like seeing here there, um and everyone knows that right that there's really no questions. It's like what is your collateral?

C

uh What's the collateral ratio um and uh it'll get liquidated, so um I think there are a lot of things like that that even I I hope, like as the as the story kind of unfolds more, and I recommend someone if you guys are reading for bloomberg. A matt levine newsletter he's a really great financial newsletter writer, um but he kind of uh I think he was talking about the difference between the cpa and d5 platforms, and I think, if that narrative can get across to a to to like the broader audience.

C

That could be something positive that that comes out of this uh here. um I think the initial reaction was like. Oh look. This is like all d5 like d5 blew up, but it's like clearly like it's like no, it's these like centralized companies that are built on top of blockchains that are doing things with your money that, like no one, really knows what they are. um So I'm I'm optimistic that that narrative will will have its day.

B

And I guess we're still wondering like what is the extent of the contagion like so to speak. Right like um and like chris said, like the depositors may end up getting 80 of their money back right or even better, maybe but like yeah, how many companies are going to fail like who's actually insolvent like? How far does this go, and I think another question in the back of my mind too, is like what is the regulatory fallout going to be right like what is the reaction uh in the us and other places?

B

And you know maybe like what other shady things are uncovered as a result of the court proceedings that we're going through now, whether it's the bankruptcy proceedings or other lawsuits.

B

It kind of reminds me of bitmex and how I believe, like you, know how arthur hayes and the other co-founders got in trouble with the law.

B

A lot of the like, I think, discovery or like due diligence that was like used against them by the government, had been brought up in a previous court case where they were getting sued by. I think it was an investor or something I'm a little.

E

B

This so you'd have to go like look at look it up, but but I think it's once things start going to trial and going into court. You know the ugliness is kind of on display and we'll find out how bad it gets right. But we don't. We don't know yet.

D

And also this, this is the where the problem is is the intersection of d5 with c5, and it's really c5 as the problem, because, as we've seen recently, there was even uh an australian lender, that's kind of like collapsed and so that the problem is not really in defy at all. Problem is c5 and and the traditional world and it kind of bleeds into d5.

B

Yeah, it's amazing how well the d5 systems have actually held up right like amongst all of this I mean we are seeing some issues like, and I don't know if we're going to talk about it later but like reflexer with rye, like it's not failing, but it's it's having an imbalance in the redemption price and this kind of thing. But um so I mean it's definitely a strain across the board. But it's great to see that the d5 protocols for the most part have just kind of worked as expected.

A

Excellent discussions, everyone any final thoughts here from anyone on stage. Anyone in the audience feel free to request and hop up here if you'd, like otherwise we'll move on with the rest of our agenda, big announcement yet to come.

A

Cool cool yeah, thank you, everyone that spoke to that topic super interesting stuff. uh Let's move on here to our recaps uh to quickly kick off the rest of our agenda, uh starting with governance. uh Chris, if you wouldn't mind giving a quick recap on all things: governance at dx, dow, here in the last little, while actually now that I think about it, you have.

C

Been missing, maybe maybe yeah I was thinking. I could.

A

C

Like yeah there's some stuff going on governance that I was catching up with.

C

And maybe dave yeah, I guess this week yeah, I kind of got back at some things. I was off last week um and uh I think there were some things related, uh mostly just some worker proposals and then an audit um proposal going through but yeah. The big discussion I think last week it was executed through proposal was the rye one and yeah, maybe dave. If there's anything else from the governance side.

E

You know, like you said, I mean the main one was the right one. We had the second right, one just passed uh last night. It was executed today um other than that we did post in the forum today. A proposal to fund diagnosis chain base, uh with a slightly higher amount than usual to transfer over one million dollars to know this chain, which should suffice until the end of the year, and uh if the proposal passes at it, as it has been suggested in the current forum pulse, that would be one million.

E

uh Usdt uh split, 60 die 40 usdc and then bridged all the diagnosis chain and um yeah. That's pretty much it on the government side so summer is kicked in and it's a it's a quiet week on mainnet. Just one proposal live.

A

Yeah excellent and.

E

A

Have you uh if you wouldn't mind uh giving a little bit of a treasury recap as well? I know there's been a little bit of movement on the stick efforts and uh would like some more context on that.

E

Yeah, I mean, I guess it kind of overlaps uh with the governance stuff for the rye stuff, of course, on the stake. If we have currently acquired a thousand out of the 2000 if we committed to acquire from stakewise, uh so we still kind of have a thousand if outstanding um stake, even general has started to reap peg. So if you look at the various liquid staking options, um the discrepancy between them and ether has been decreasing over the past weeks.

E

uh Lido is still currently the one with the largest d-pack, so to speak, but um yeah we'll probably be submitting the next two proposals to uh stake if and just keep monitoring a bit the situation.

E

um But it looks like everything is kind of like tending to maybe perhaps not completely repacked, but have a lesser discount than what we saw over the past month, uh which I think would also make sense uh that they do trade at a slight discount in the long term, but um yeah that's pretty much where we are at and then the again, as I mentioned, for the governance one, uh the treasury movement uh of funding uh ignores this chain for from our mainnet treasury. And um that's that's pretty much it uh for now. Yeah.

A

Yeah awesome. Thank you very much dave. um I'm gonna move on to our next topic, uh but just very quick to seeing mario has stepped up to the stage hey. How are you doing and anything you wanted to comment on here.

A

Maybe having some microphone issues.

A

F

A

On to our next topic here, um this is a big one. I'm going to move up if you've been paying attention to the agenda. Of course, um there's a very special line. uh It says: traversing the infinite, uh let's chat infinite. Now um I guess a very special and important announcement. uh We do have john lagusso here on stage and you also may have caught some discussions in the community as of late about a hackathon.

A

um You know, after hours and hours of planning, deliberation uh we're very, very excited to announce infinite hackathons. uh More importantly, the inaugural inaugural event, infinite genesis, edition: infinite is best described as a more intimate series of hackathons designed hacker first leveraging the knowledge of us as long term experience ethereum and decentralization maximalist.

A

The first event: infinite genesis edition has been confirmed for october 7th to 9th in pagoda columbia just preceding devcon pagoda. uh So you know whether it's defy dao's decentralized tech. uh Anything in between uh we want to create an environment that gives hackers everything they need to. uh I guess for lack of a better words, build awesome.

A

uh So, as of now, uh I believe uh just getting started on the announcement. You can find the announcement for infinite and dx styles discord channels and on twitter. uh I urge you to check out that thread if you're interested either as a hacker or core organizer start your application. As soon as you can now, john and augusto, who are here with me, you guys have been very deep in the organization planning of infinite genesis would love to hear some context, perspectives from your guys's end.

F

Hola, yes, yes, well! uh This idea came from all our experiences in attending other hackathons, as hackers sponsors.

F

Mentors also so we gathered a lot of experience in yeah in different hackathons and also other other events and yeah. Personally, I found that the hackathon experience changed quite a lot from what it started to be back in the early ethereum days, and this is the main idea of the infinite hackathons to start creating a new type of hackathon open source focus, also where we can later.

F

How they, uh how can they say like like help? Other organizations and other companies are interested in in in hacking on ethereum and creating open source technology and um yeah building on a team together to fork our hackathon to fork this hackathon and replicate the event somewhere else? So this is hopefully the start of yeah again, a new type of hackathon hacker focus where the most important thing will be the hackers and everything that we call that we can provide to them.

F

So they can deliver good stuff, and hopefully it's going to make the atm ecosystem better everything, open, source focus and later we, the idea, is to work, creating other focus hackathons. This one is going to be uh defy and dao focus, but we have been talking also about creating a hardware facade on focus too ever again a lot of ideas.

F

So I think it's time for someone to take a first step and start innovating in the space, not only on the technological level on the code level, also on the organizational level or the event level, where we want to create a space to make sure that we have everything that the hackers need to make awesome things happen.

B

Yes, we we love decentralization, we love open source and we love building and devcon is is my favorite conference. I think it's the best crypto conference period and certainly the biggest ethereum conference every year, and this is going to be a great opportunity for us to get get together and focus on what we do uh best and what what is at the core of of tx now and that's, building, cool stuff and yeah I mean this is the bear market is also the best time to build. I remember in 2018 uh devcon prague.

B

It was like kind of the first devcon after that full cycle and yeah. That's when uniswap launched- and there was some other cool stuff going on. So this is definitely not a time to fall asleep or forget about crypto. This is the time to build and it's the best time to do it and that's what we're going to be doing in bogota and I'm super excited for it so hope you all will join and spread.

F

The word build, learn and have fun. Those are the three things I want to do because again, building yeah, it's all about building right, but we want also to create a good event where, even if you are a badass hacker or very new to the space, you can come to the event and ah and learn something anything. You know any anything new that is going to help you grow uh in in in a help you grow professionally in the space and also have fun right.

F

um What were a way to have fun to be in a uh nice comfortable place with a lot of hackers, a lot of like-minded people that want to hack, learn and have fun alongside you.

A

Yeah awesome thanks augusto and john as we mentioned, uh infinite applications are open. Now that is infinite, hackathons dot e. uh You can find the announcement here in the announcement channel on the dx dao discord. You can find a tweet on the dxdow handle, if you're here only on twitter. That is the host of this call, and there is also the infinite discord that is launched alongside you can find that link in the channel here.

A

Let's see here, doesn't want to post there we go. You can find the link to the infinite discord directly in the mothership text, on discord um and or you can follow internet hackathons on twitter, which we'll be sub quoting shortly. Yeah pay attention more to come. This is just the start. uh Thank you very much to john and augusto and look forward to more.

A

Cool, let's move on with our agenda here for the day. um Let's see here just lost the agenda, sharing the discord link. uh Next up, we have swapper beta v14, the newest, build from the swapper squad. I believe we have adam here. Would you like to give some context on the latest release.

G

Yeah sure, uh can you hear me first, yes, blood and clear: okay, perfect yeah, so we decided to release beta 14 two days ago. uh It's been a long awaited release, especially um because it has the cause of integration.

G

So maybe I would just want to highlight cost of integration because uh having how swap or integrating household makes swapper the first and only decentralized front and route trades through the cal protocol.

G

It's also important to mention that we have. We have decided to actually have app data in the orders in such way that it makes the dxdot treasury getting some cow, rewards every tuesdays.

G

uh So it's it's dispensed by the um gnosis team itself or the cow team, but uh this makes it another source of revenue for the dx doubter itself and then um moving on to the next features as we we have uh the connect network and then omni bridge integration into the ecobridge uh framework, but also on top of that we also add expanding the socket integration from last release to the polygon network as well, and then we also redesigned the liquidity page.

G

So this is a new version uh designed by zett and it's been integrated by our rockstars as I like to call them diego and leonardo shout out to them and then and then just general performance and general fixes to the this release. uh Sadly, there's still no on chain proposal to update the resolver, but I believe it's gonna be up soon. Once the committee decides that this release is good enough to go in production.

G

And that recaps swapper beta 14, I believe, happy to answer any questions.

G

Yeah excellent, thank you very much.

A

Adam having an eye here on the mother ship text will let you know if any questions pop through, of course, as always feel free to request and step up here on the stage um and yeah. Let's chat our next quick topic here: uh new swapper and carrot campaigns uh that should have went live about 40 minutes ago.

A

You can find the allocations for these directly and the swapper announcement channel on twitter and the carrot announcement channel as well sorry, discord and twitter, of course, but just to quickly recap. We have three carat campaigns on gnosis chain here for the july 7th to august 4th period that includes the average tvl of swapper on gnosis chain.

A

Two campaigns that track the total tvl, uh one of them rewarding 82.5 giano, another rewarding 33, 600 swapper uh and then the other one is the aggregate of the previous cow campaigns that were tracking only cow weath. uh Those fools are now uh sorry. It is now tracking all pools, uh so the tvl of the cow token on swapper gnosis chain.

A

We had to make some adjustments to the front end to make that work, um but the average tv of the cow token, and that is for the cow, wheat and the cow gno pairs, um and that is 50 000 cow as a reward, uh so super exciting stuff on the carrot side uh and then quickly on the swapper side, which I will drop. The farming link here in the chat for those of you paying attention to the mothership text.

A

A

Doesn't seem to want to upload, but there has been a couple larger changes to our epochs in this last period. uh Some major adjustments to arbitrum, which I believe is actually having some deployment issues. So, if you're looking for arbitrary pairs and they're not live, expect those up in the next hour or two, but on the side of gnosis chain, uh we have a couple removals. A couple of additions, uh most notably the cow pairs are now in our traditional schedule.

A

uh So you can find our regular swapper emissions here uh with all of the rewards, which gives us a little bit more room in the kind of unallocated fund, a little bit more room for fun stuff, which of course leads into the discussion of expeditions uh and the arbitrary odyssey, but a little bit more on that in the coming weeks. Of course, the odyssey is on pause currently for the arbitrary nitro upgrade um and yeah.

A

So if you're farming on swapper feel free to take a look at the current pairs migrate, your farms over to the next, um the next campaigns will be starting on august 4th so have a little bit of time.

A

Cool next topic here, dows and builders mixer in paris- and how do I get in? I think we have nathan here- do you want to give some context on the event and then maybe me and you can chat a little bit about how to get in and maybe a fun little twitter event that might be starting any minute here.

D

Yeah great um dieg dao is attending ecc and we're also organizing our own event, with our friends from gitpo app gnosis chain and uh gnosis safe, which is now called safe. um It will be on the 20th.

D

It will be amazing, there's going to be a breakout discussion.

D

We wish to get the convo running around certain tanks, some of which true decentralization running nodes, how this is important for for the space and like why it really matters, for um you know, community members to be aware of this, need for it to be met in order for us to have this healthy ecosystem.

D

Node running is key. Also, there's going to be a discussion around uh what we can do with on-chain reputation and the many ways to approach it.

D

uh Basically, dx dao has been uh using the holographic uh consensus, type governance uh and leveraging uh on-chain reputation for three years now now we have gitpo app pioneering a novel way of approaching this by awarding developers uh with uh really nice nfts that can serve as their on-chain reputation for their contributions and um third but not least, uh dow's all the way down, basically uh diegs dao as um a dinosaur in the space.

D

As this uh true amazing dao wants to lead by example, and uh we welcome any uh discussion around dalles people having questions newcomers um ogs. Anyone interested uh should speak up and we should have some interesting convos that should probably also kind of like put the start to maybe some new innovation.

D

And yeah, uh it seems like there's huge interest, we're already oversubscribed. uh The waitlist is packed with hundreds of people that have applied. That's why we wish to uh run an interesting game to see who's really passionate about dao's d5 decentralization, and we will run this game asking community members to gush about how they feel about decentralization.

D

What inspires them? What are they really interested in and a few lucky ones will get to be given a free pass, so anyone interested in um joining gx style, gnosis chain, gitpo, app and gnosis safe in paris, follow our uh twitter uh account and take part in our game.

A

Yeah and just a little bit more context on the game. I think we're actually posting this right now. So anyone here in this call interested.

E

A

And not already uh keep an eye on the dxtel handle should be going out here any moment. The first condition- um and there may be more uh depending on of course, activity how many people we want to invite, but that first condition will be. You know tell us a little bit about why decentralization is important to you, and you know those are the most aligned answers. We think will probably be deserving of attendance and a couple tickets, so starting off with a little fun decentralization focused condition uh and we can go from there.

A

Cool so yeah, keep your eyes on. The external handle here on twitter should also be a post in the discord as well. Community updates uh moving on here to our final kind of topics uh on the agenda. uh Discord, rep booths, uh those of you checking in or listening in from discord. uh Anyone on the recording take a look at the rep boost channel under dx governance.

A

There's been a snapshot for those of you that have roles of activity in the discord.

A

Basically, for those of you that are not aware, activity in our discord channels is tracked on a quarterly basis and we award a small amount of rep to those willing to claim it on gnosis chain, um so that snapshot has been taken for q2 of 2022. I urge you to go, take a look.

A

It will be going to a signal proposal later today and then claims provided, of course it passes in its current form, should be open early next week um to mid next week, of course, so keep an eye out for that and those of you not already in our discord, follow dxdao on twitter here through this call and directly in the description you'll find the discord handle feel free to join us over there.

A

Next up and a quick little thing for those of you more involved with the external governance is governance, gas refunds. I do think that dave- you might have mentioned that earlier with the governance recap, but I believe there's a funding proposal up for governance, gas refunds, so those of you that have interacted with the exiled governance in the last quarter, maybe davey can confirm if it's quarter or like half a year, but that it should be up shortly. So you can find that form post as well directly in dow talk.

A

Cool and then the other thing, uh of course, discord uh directly in dxdow, we had a couple of several scam spam attacks over the last little week, so apologies to anything that might have slipped through we've tightened up security around the board. Basically, there should be a very minimal window for these attacks to come through. I had to personally sift through what was almost 100 accounts and kind of boot them out.

A

So a bit thinner in numbers here in the discord, but a lot more valuable of a group, so keep an eye out for that, of course, and the only other thing is a handful of roles that are new, which you can pay attention to in the roles channel.

A

For those of you not aware being the beginner enthusiast expert roles, this is basically the permanent roles that you're tracked over the lifetime of your participation, instead of just the last quarter, so exploring that a little bit and what that means for the community handing out some rewards, maybe beyond just a special role, are definitely in our interest and then on the side of infinite, which of course I had mentioned a bit earlier. Infinite hackathons does have a discord, server separate from dx style.

A

You can find the link right now in the mothership text, we'll be putting it in the community updates and announcement channels as well, but unsure of how long this will be open for, um but anyone that joins the server currently will be granted a special genesis role, basically being around for the genesis event or at least participating in the community for that time.

A

uh So not exactly sure how this will be applied, if we'll be giving anything special but very possible that we will and very possible that you would want to grab that so pay attention to that hop into the infinite server here. If you have not already.

A

Cool that gets through the agenda that I was looking to chat through today, opening the topics a bit here to anyone on the stage. If there's anything to cover anything, I missed, feel free to step in uh and if not, we can chat. You know we can round the call off a little bit early here.

D

No, I'm not letting this end so quickly. It's been an amazing, but there's still more to chat about, uh I'm so excited about um infinite. Hackathon.

D

I've even wrote some somewhat of a poem about it that I wish to share with everyone.

D

I so much love the uh name of it uh that it really inspired me and and I've written the following: infinite energy, infinite inspiration, infinite imagination tap into it manifest to defy. There is no second best developers sign up till there are still spaces left.

A

You just brought tear to my eye nathan.

D

Yeah, I hope you liked it.

A

Almost as good as the decentralized chat from the last twitter's faces, uh which, by.

E

A

uh Is included in the infinite announcement at the bottom courtesy of wayne a little developer, chant.

A

See nathan makes me cry each twitter space. Definitely the highlight nathan I'll, say.

D

A rollo, a roller coaster of emotions,.

A

Excitement sadness we can all cry together over decentralization.

A

So you should definitely share that poem in the channels, uh particularly in the internet. Server, um would love to to definitely see that more than once here.

D

Doing it as I speak,.

A

Excellent, uh any other poems or other fun content here on the stage. I'm not sure anyone will be topping nathan's crown.

A

Well, I think that makes you the winner uh definitely excited to see the poem here uh and lots of other fun content. Also, some nathan memes for internet uh would definitely be fun.

D

Yeah got got some in the pipeline.

A

Oh and the pipeline, so you already have some too yeah.

D

D

It just keeps me up at night.

A

Keeps you up infinitely even infinitely.

A

Cool cool- well, let's wind it down here, uh thanks again nathan uh for the awesome end of the call, uh as you have done the last couple times. Might I add uh definitely the highlight here um just again as a reminder: join the infinite discord. uh Those of you that join and verify early are gonna. Get this genesis role in the discord, so lots of fun things we could do with that. Nothing confirmed as of yet, of course, but keep an eye out there. You don't want to not have this rule.

A

um Also, of course, the discord rep boost pay attention to the dx dao discords, rep boost channel. That's in the dxtel governance section um we'll have a signal proposal up soon um make sure you check the snapshot, make sure that's all in line as well um yeah. Well, thank you very much. Everyone for attending uh much appreciate our speakers today as well. uh We'll see you next week in discord for the dx style community call. Thank you very much everyone and have a great rest of your day.