DXdao DXgov Weekly Gathering, 26 Jan 2022

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From YouTube: DXgov Weekly Gathering [2022-01-26]

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https://daotalk.org/t/governance-discussion-january-26th/3833

Governance Discussion, January 26th

Meeting date: Wednesday, January 26, 2022
UTC Time: 16:00
Meeting link: https://meet.jit.si/dxdao

Mainnet
DXD Buyback Extension #5 (Signal and Transfer Proposal)
Proposal to sends 790 DXD to the Dev Multi-Sig to be deposited into the Hats Finance - DXdao vault
Transfer 415 ETH to xDXdao for Swapr Deposits on Gnosis Chain
Transfer $1.15m DAI to xDXdao for Swapr Deposits on Gnosis Chain
Proposal for reimbursing funds accidentally sent to DXD smart contract

Gnosis Chain
Rep Boosts
Buyback 114, 115, 116
Register QuickWalletScheme v1.1 without doAvatarGenericCalls 1
Madusha - Contributor Proposal [01/01/2022 - 01/03/2022] - First Half
Keenan Luke Contributor Proposal for 11/2021 to 01/2022 2/2
0xKLOM.eth Contributor Proposal for 01/2022 to 03/2022 1/2 2
DXD Member Balancer for 1Hive Trivia Awards

Arbitrum
No proposals live

A

Address or something skype hi guys and welcome to the governance discussion today is the 26th of january, and we have quite a bit of activity, live on mainnet as well. Surprisingly, typically not the case. Can you guys see my screen? Well, oh good, awesome! So yeah. So we have the dxd buyback extension number five. So this is extending our buyback program by a further one million dollars.

A

Although this was passed at.

A

A

Okay, um so this is an extension of a further one million dollars to our buyback extension. However, the proposal was passed before the significant uh market price volatility we've seen over the past week, or so so it's actually an extension for 305 ether. So this will go to the dx dial multisig on mainnet, which will then turn it into f and bridge it over directly to the gpv1 relay on gnosis chain.

A

So that's what we've done last time as well, and that kind of facilitates operations and just the easiest, the number of proposals we have to do on mainnet to actually post these orders uh consistently and one other note is that it also transfers a further 10 eve. So it's a 315, total and 10 eve to also be wrapped into west and just deposited into the x died treasury. As uh you know, people claim, given that worker proposals happen on gnosis chain. I guess is the correct word now.

A

uh People can also claim their wealth on each expenses they had uh over there and we're running quite low on if on on grounds exchange. So that'll be nice to just have a bit of liquidity in the treasury over there. Then all just.

A

Okay, nothing related to me. Then we have the um hats proposal, so this proposal sent 790 dxd to be deposited into the hud's finance vault, uh such also depending on dxd price, close to a million, probably a bit less right now, um and that's also yeah going through in less than a day. uh The buyback proposal is also going through in roughly 20 hours, and we already actually have proposals lined up on exercise. So as soon as these funds are in uh the buybacks will start kicking in as well.

B

A

Dave, you say close to a million.

B

A

B

Right, yeah we're aiming for half a million, but I think.

A

It's less than that right.

B

A

That's what I wanted to say: yeah thanks for the correction, and then we have the uh two proposals to provide um uh to deposit into swappers. So we have 415 east going to uh the exi base.

A

Alongside with one point one: five million one point: one five million x die um again the if I don't know when this proposal was actually submitted a bit more recently, so some of the price action might already be priced into there, uh but these also finishing in five days and yeah that's to uh provide liquidity on swapper and then one thing actually, uh which I believe yeah go ahead.

B

Just on the were you done with those two yeah yeah, so just a note on those two. um You know as I was crafting them, but and check with you and also with chris, but um yeah just the reason so there's so. These are two large amounts they're. I think it's good to have them in two separate proposals, but also um because it's mainnet um and eth has to go just. We should make sure this is all correct. The ease has to go through the real layer.

B

It has to be its own proposal because it can't it has to send to a different address than the die which goes directly to the the multi-chain multi-sig, um so even yeah, even if we could do them if we wanted to do them in one proposal, we're not able to because we're using the real layer for the eath amount, but then there's no real layer for the the dye um and yeah.

B

If ethan's changed um yeah it might it's not exactly 1.15 million anymore, but you know who, by the time this passes, it may be roughly equal. So I guess the plan will be to put as yeah. Whichever is the lower amount put that into the pool and then well, if there is a balance left over, I guess we could um yeah either either hold it there for a little bit send send some more of the other assets um as part of like future.

B

um If we start doing some other pairs as well, um we could we could top it up to put whatever the balance is left if needed to, but it should be roughly. It would still put a decent chunk in in the pair. I think so. Yeah.

A

Yeah totally and to check the the relay one can just look up the address on ether scan uh check the receiver and the receiver should be the dev multi signal like the multi-chain multi thing and yeah. I like.

B

That on that, we have a bunch of relayers now and like that, you told me like that's. That's the best way to check like the real air is actually to look at past use of real errors in proposals, and things is there.

B

Is there a place where we have all the real layers in a public documentation thing like most people would not know how to do this stuff right like so. How do we, if the five people that do this stuff disappear? How do we make sure that other people are aware of all these relayers and where they are, and all that kind of stuff.

C

Yeah, that's image, yeah! It's a good point. I don't think we have that um sky. I mean, I guess you could probably piece it together through the proposals themselves.

A

C

But like to your point, um I was actually planning on um voting for this one last night and I was looking at it and then I noticed that it went to a I looked at the contract and I noticed that it had not had that much activity on it, because this is the ether relayer contract for the new multi-chain multi-sig, whereas we've been using the other multi-sig for the e2 relayer contracts.

C

So that's the one that if you go through the history, you can see all the transactions so that just like, I wanted to like double check with you, but hearing it here now from you um makes sense.

B

Yeah- and we have we have so we have used it at least once.

C

Before yeah- and I think, like you know what I always check- and this is like a really- I mean nice thing- I mean typically, you see not the uh the branding, you see, caney fork, dot, eth or dlabs.eth, which means like and it'll say you know what we've got six days. This is the I think the multisig yeah um yeah they're they're companies that live in the metaverse, um but, like that's a way of saying, oh, these contracts have been used frequently by by geek style.

C

Rep holders like I you know, this is rely on the trust that you trust ens, but I think, like you've, kind of like seen that there, but like this one was a little scary when I first looked at it um because it's like the swapper deployer is a little bit different than candyfork.eth, but um yeah. We we had tried this um e3 layer contract out. So I think is this proposal should be um good to go. um I do think it will.

C

Probably let us have a little bit more dye than eath uh yeah depending on the market, um but it could be like somewhat large amounts like right now. It would be with it 2600 each it would be 80 000 x, eighty thousand dollars extra of x dot, um and we actually also already have. I think it's like I'm looking uh like fifteen or twenty eighth in the sorry nine eth in the swapper relayer contract already.

C

um So maybe we should kind of consolidate these after this next transfer and get those all back in the treasury um there. It also kind of breaks up, maybe some of the other moves with dpi and weft that we want to look at. But I think this is a good great first step.

D

And just a little more color on the, why it's a relayer for eth and not for the die? It's it to get a little bit technical! It's because when you send eth you're calling what's called the fallback function on a smart contract and because the dow stack governance contracts we have on mainnet are old. uh They are using ascend function that actually, like limits the amount of gas that can be used by the recipient contract and at the berlin hard fork.

D

That happened I think, like a year ago, or something that meant that uh for certain recipients like including noses safe, multi-cigs, the gas that gas constriction was like getting uh exceeded by that fallback function and the gnosis safe. So basically the dow could no longer send eth directly to uh gnosis safes right. So that's why we have to do relayers for east transfers erc20s.

D

On the other hand, you know that's different than the native currency ether. It's you're actually like calling um the function on the erc20 contract itself, so that doesn't really get affected by this. These technical problems we have on mainnet.

B

If the, if the tr, if the main treasury, um if there was a way, I don't know if it can do it directly but yeah if, if we held weth.

A

B

Of eath um yeah.

A

B

Like like, we could have done this proposal with weth and dye like in the same in one proposal, and things like that is it: is it safer to like just start using always wef instead of using relayers.

A

I mean that's pretty much what we've done on xi right, so when we bridge funds now to xdi, we just send over wrapped xi, and we spoke about it as well on mainnet, the thing is like you would still have to move the ether out through a relay to then wrap it. You know so yeah.

D

You have to do that extra step, so I don't see a big benefit to it. um Yeah and the other thing that's not much of a benefit is, I don't think you can send two different erc 20 tokens in one.

A

D

Anyways correct yeah.

A

And also people just how the ui is done. People always like we had a lot of rap external uh excited treasury, but people just we've just claimed extra.

A

You know, because just the ui is built that way that you put in your xl amount, but the good thing is: if we just bridge over wrapped x die, we can unwrap it directly from the treasury and we can even trade wrapped x die on uh ignores this chain, uh two usbs to any other stable, that's in the three pool, so that's uscc, tether and uh wrapped exci, so on gnosis chain. It definitely makes sense because we're doing that step anyway. Right we have to bridge funds over, but yeah.

E

um Wait on xdi. Sorry do we have the same yeah. We have the same issue on x-tie.

A

Yeah because we're using the a lot of the dial stack contract still and voting machine.

D

With the native currency yeah, so the key thing here is it's: the fallback function is called by the native.

B

So, okay, so um did we get lucky with the atlantis world proposal.

A

So it depends on the it depends on how the receive function is implemented on smart contract right, so I mean john. I think you can so.

B

So originally the atlantis world proposal asked for ask for x, die 40 000 x die to a safe address. They happened to use a mainnet safe address, which is obviously incorrect.

B

We they sense, have actual the safe address, also on xdi, but even if they had that which they do now, they asked for x die. It wouldn't have gone to the safe it just wouldn't.

A

Have gone through yeah, but it would just wouldn't like the funds wouldn't have been lost. If that I'm not sure exactly, but the worst case scenario would have been that they would have to resubmit. A proposal like the transaction would just fail, but that's it's a problem. We had as well yeah you sure they can't get lost.

A

No, no! No! The transaction fails, it's. They don't get. Yeah.

D

The funds don't get transferred.

B

It's an eoa too in the yeah, so yeah, so what they did is they used an eoa, but like it's not very clear, like it doesn't say in the proposal, this is an eoa like it's easy to make mistakes between eoas and smart contract wallets right, but so you're saying we can't. We can't mistakenly send eth to get it lost through a proposal to a smart contract, but we can. We can lose like erc20 if we send it to the real layer.

A

Yeah, because the relayer doesn't have the ability to withdraw erc20 tokens. That's why.

F

Yeah should the relayers have that ability?

F

It would be a nice extra feature if it doesn't already yeah.

C

Yeah, I do think the sky, the atlantis, because I did not think about it for them, or we have to be thinking about that, because some people do use smart contracts on.

A

Knows this chain, but I mean smarter relays themselves, are smart contracts right and they can receive eve. So it's not necessarily that every smart contract cannot receive them. It depends.

E

A

E

A

uh You need to is it's the fallback function or like the receive function right, john or implement it on the contract? Sorry.

D

I was finding the button there yet yeah exactly like it depends on how the smok smart contract implements the fallback function.

C

But I assume that gnosis safe on gnosis chain has the same problem with x: die as gnosis save on ethereum main net with what.

D

And I think the rule of thumb is for the legacy. Does tech stuff you want to avoid sending um native currency to a smart contract? That's the way to be, although, like in theory, you could have a smart contract which doesn't um have the problem. You, like uh you know like the e3 layer itself, but um but you don't want to you, want to avoid sending it to, like. You know, unknown entities that are smart contracts for now, like you said, dx vote will solve this yeah.

B

Yeah and and dick's vote I mean maybe ross. This is a good thing like having a warning, so gnosis safe has a really good like they always have like at their top. They have warnings, sorry not notice, maybe it's cow, swap they put warnings on like latest things that are hacks or something like like. Don't make this mistake or like on nostal safe, don't send to you know the same wallet on another chain because you might not have that safe on that chain.

B

It's probably worth putting a warning on dx vote that says: don't send native tokens to smart contract wallets, because most people in the world will.

G

B

G

Yeah, we need to do it by scheme because we don't want to scare people away from that when it is something that we can do with governance. It's just something we can't do with the old schemes, but yeah we can. We can do that. It'd.

A

G

Actually, maybe I think generally, some dx talk stuff about this. More operational side of governance, like real errors, would be good. It would also be nice to have like a list of uh like don't do's like um just I mean I guess the only one might just be this, but not sending to that would be nice for the gov team to have that we could make warnings for uh for not doing these things.

G

I guess I guess.

A

I don't know about, I guess you could even query the address to see if it's smart contract and then just show the warning when the address is actually a smart contract right.

G

uh Yeah, how do you I don't know how you do check as a smart contract? Yes,.

B

So we've also had this issue and we actually still don't know the answer.

B

Is um there were some scenarios with the daoists where yeah we were, we wanted to send like either a native token or an erc20 to the taoist, and the taoist was actually a malek dao address, whether it's on mainnet or nextdie, and it's and it's not like it's still not fully clear, and I don't think we have the answer on like whether or not that address can actually receive um like a token, either a native token or erc20 directly from a proposal on dx by dx dial on mainland or next day.

A

Yeah ufc 20 should work for everything. The issue should really only be a native token if at all, yeah.

G

From our side yeah, I mean there's, there's only so much we can do if it's like not allowed from their side, or they have some some strange architecture there. um I also take this uh opportunity to plug the uh the registration of the quick wallet schema next guy. Obviously that doesn't solve all their problems, but it's um once we start getting these more tested the next day. um We can hopefully not have this issue anymore, uh eventually, obviously we'll be all on the new schemes, um and so that's live and extend.

G

If you would like, because the foreign course walking through it and the more the more rights we get to um verifying that the proposal, the better.

B

Yeah and then there's an assumption that, like people know what an eoa is, or a smart contract wallet and so like before ever doing a proposal for someone or like an investment or dx ventures whatever and then we're like. Oh, what's your wallet and your wallet and it's like? Oh, is your wallet, eoa wallet or a smart contract wallet or a dow or a.

D

Hardware wallet.

B

Or a hardware wallet, they may say: oh yeah yeah, it's a it's a this wallet and like their word, is not good enough like to like back up a proposal, rightly because there has to be ways to verify some a lot of people. Don't know what eoa even means right. Well, I didn't I mean, is a hardware wallet, an eoa wallet, no.

C

I mean yes, it is, but like an eol in eoa could also not be a hardware wallet. The thing is, I don't. I might be wrong, but I don't think there's any unchained way of verifying.

H

That is there. There is all.

C

H

uh All of the blocks, the block explorers have it for every address. um Okay,.

H

You just have to.

G

B

A centralized counterparty to tell you if it's okay, yeah.

G

I was gonna say I mean like yeah, it's.

B

Like anything away from.

G

Doing that at all, that was because their apis kind of suck and they're down quite often.

C

I guess I'm assuming, if etherscan can find it that, like anyone, can find it because they're probably just reading it from oh yeah, but it's not. I mean no.

A

G

Definitely a way the easiest way.

A

Is to you just query the first transaction ever made on the on the given address and if it's a deployment of a contract, it's a smart contract address.

G

Okay yeah, I guess that makes sense.

A

And if it's just transfer, it means it's in your address because you don't need to deploy it.

D

But on the hardware wallet point like, in my mind at least like hardware wallet, is more referring to like the fact that you have a piece of hardware that is storing the private key.

D

I think, as far as I know, they're all eoas, but I suppose hypothetically, you could have a hardware wallet that is storing the private keys for a smart contract right.

C

I don't know I mean bitcoin has multi-sig hardware wallets, but you can't that's not the smart contract. So I don't know.

A

But a smart contract doesn't have private keys right. So what would the hardware wallet be? Storing.

D

The private keys for the addresses that can control the but yeah.

C

You're right, I already have that right.

D

C

Yeah, this is like.

C

Well, this is where skye pitches multi-party computation.

A

But yeah should we. That was a brief interlude. Should we keep going with the proposals also because ross already anticipated some exciting exercise stuff in the in the chat but yeah and then on maynard. We have one other proposal left, which is actually uh reimbursed reimbursing trent, who had accidentally sent roughly 130 usdc to the dx dow bonding curve, and um so he now has a proposal up to get this amount refunded. So we're pretty confident that the bonding curve is upgradable, so we will eventually be able to recover these funds.

A

Even though, of course, it's not an immediate priority for us, given that there's a a lot of ether in there, so you know it's something we want to do in a very secured and audited way and not just rush through it and also for the dow itself. The amount is obviously not that significant, although of course we do want to retrieve this amount so um rather than him having to wait uh until we do. That.

A

uh He's already submitted a proposal now to get that usdc refunded and it's the same address he's uh requesting it to as well as the address which sent it to the dx dial bonding curve and uh usdc contract address is also correct and uh usdc is also six decimals, so uh three and then one twenty yeah. That seems correct and that's uh yeah. So that's that last proposal live.

C

On mainnet just quickly on that one, um I think that this is, uh I mean. Obviously, this is like a simple proposal when you think about it, but I think this is a really kind of good example of the governance process, of just like kind of coming to a decision. um You know and entering the forum proposing something people uh having a discussion back and forth and then like ultimately submitting a proposal and getting this up there so, like a very.

A

C

But I think it's a good example of like a functioning governance process assuming this passes. Well, even it doesn't like it's gotten to a proposal right. That's the kind of key key thing.

G

Yeah, I suppose the like extension of this would be actually happening on dx4, which would be awesome like if we could have right uh even like drafts of like a few times. He asked back and forth like. Is this correct? Yes, the way we're going to do it it'd be nice. If I mean like yeah in a while, and we can have a forum where the discussion takes place as well as people like suggesting proposals and they're not getting taken forward to an actual puzzle.

C

And even like some preview, like of the dow talk conversation like a little like not the whole thing but like oh, there were four or five different like back and forth replies or something um ross. Why have you heard? This is something dave and I were talking about before so dave? Can you go to the extension proposal, um so I had actually voted on this proposal in the non-ex execu, the signed votes and I broadcasted, I think it was like to the dp1 and it's showing up on mine, but not on dave's- is that yeah.

G

It's not supposed to the the only part where signed votes are supported, and maybe- and this is just a better feature, and so I don't think the crystals I'd be like to not show it, but it's only supported on new schemes, which essentially means the one scheme of x, guy and retro um got it so yeah. It's it's not supported.

C

And just because it like, for instance, these are two proposals that, like I wanna support, I wanna vote for like the extension and then like the the hats proposal. um Someone has already voted for them, so the proposal is going to pass but like I would like to signal my support, but I don't think it's worth like that. You know deekstyle paying 100 150 dollars for that uh yeah.

A

Because I need to have like.

C

Another place for that. uh You know as a used case. I was feeling it here.

G

Yeah, so the old, um the old dial stack schemes, don't have support for the same fulfilling stuff. So it's not supported there yet got it cool thanks.

A

Awesome and then moving on to gnosis chain, which I don't know if this is in production yet, but you can get a sneak preview of knowledge chain in the top right. Well,.

G

A

There we go so a little alpha here on the governance call we have a number of uh discord booths going through and then what we have buybacks number 114, 115 116. So, as I mentioned before, these are lined up to pass right after the funds after the maintenance proposal passes.

A

So we can keep cranking these out as soon as those funds are back into the gpv one relay and then, uh as uh ross already mentioned, we have the registration of the new quick wallet scheme uh without the ability to do the generic uh calls, which was the issue on the latest, one, uh not sure ross. If you want to say something else, I know you already touched on it briefly.

G

uh Yeah, I can mention that again we did a bit more of a deep dive uh last week on the governance call, but you can see in the chat I linked the proposal itself, as well as the dow talk forum course that goes along with it, and so there's a few things we're just changing about how we sort of uh our process around doing these things in dx4, and so that's why the uh dow talk forum post is there, and so what you should really be doing is following that along to verify everything here is correct and- and we would kind of want as many people as possible, because previously it was just really like me and augusto and a few other people, um but yeah the more eyes we have on this.

G

The better and it's just registering the quick wall scheme which we found a bug with and then redeployed had a human error issue. The last time we deployed it, and so that's kind of just addressing this um and yeah. Once we get this going, there's a few things we can do with it, um the main one being the contributor um payments. We can start using the sort of automated ui for that, uh hopefully shortly once it gets registered and research and all the progressions can be set properly and we can get going with that.

A

Yeah and for anyone interested um last week's course should be on youtube right. So if anyone wants to re-watch uh the detailed walkthrough, that's uh available there, yeah.

G

Also, if anyone has any issues, you can either post it in the forum or just contact me, you know, take a look at it to check if it's anything uh important.

A

Wonderful and then moving on, we have a number of worker proposals, so we have uh you just make sure I'm not missing any. Here. We have the medusa worker proposal. First, half his new proposal for 2022..

A

We have uh zero x, clown and keenan's all uh old proposal and his new proposal as well, so uh the second part of the old one and the new one of 2022, and ultimately, we also have a balancer for the one hive, trivia quiz which took place uh last week. I believe right.

A

So this is just moving the funds for that for the trivia rewards and.

A

If I'm not mistaken, that's actually all we have on gnosis change. So a couple of good worker proposals up buybacks are lined up and the regular dxtel boosts and we don't have any proposals live on arbitrary this week, so that kind of wraps up the proposal. All of you not sure if anyone else had anything, they wanted to chat about it's a transition from kenan to xerox clown. I believe now.

C

Xerox, clown is also on a lot of ether scan you'll, see around.

A

I I think people who don't have their ens set on multisigs are not cool.

C

I was hoping you're going to be a little bit more aggressive, not cool is.

A

Well, the call is recorded, so I refrain myself a little bit.

A

No, but definitely so everyone should start doing you know, because the most amazing thing is. It also shows up in your dx volt. If you connect your wallet, which I haven't done right now, but yeah unless there's anything else to be discussed, you know I think we can cut the recording and maybe even drop off a bit earlier.

C

Yeah, just before we leave uh just throwing two links to two different posts in dow talk from the past week, one from ross on dxgov kind of from the product perspective. The recap would be fun to look over and then yeah. I made a post uh about increasing d's on chain liquidity, um so some polls in there- hopefully maybe we'll, touch on it next week um and some some ideas there and there's been some good chatter in the or some good discussion in the market. Chatter channel in discord.

C

So um um yeah we'll we'll likely want to continue that conversation uh going forward.

C