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From YouTube: DXgov Weekly Gathering [2022-05-04]
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A
Welcome
to
d
staff
government's
discussion
for
may
4th
2022
and
may
the
4th
be
with
you.
We
will
start
first
with
the
proposal
roundup.
If
jitsi
lets
me
share
my
screen
is
the
screen
share
working.
A
Looks
good
to
me
all
right,
no
big
chris,
this
week,
yeah
so
no
mainnet
proposals,
although
I
have
heard
whispers
about
some
ens
proposals,
particularly
possibly
for
dx
stats
in
the
future,
so
be
on
the
lookout
for
that.
A
couple
different
proposals
that
are
on
the
worker
proposals.
Excuse
me
they're
in
the
queue
here
milton
contributor
proposal,
which
I
recommend
for
some
really
cool
insights
into
east
denver
and
kind
of
like
how
you
make
the
decision
to
join
dx
dao.
A
Then
there's
melanie
melanie's
contributor
proposal,
adam's
contributor
proposal
that
you
can
see
over
here
in
dx
vote
and
then
there's
also
contributor
proposal.
That's
seen
some
interesting
action
in
terms
of
the
voting
for
lucha,
so
there's
been
some
activity
there
as
I'm
waiting
for,
let
me
do
a
hard
refresh
yeah
and
then
there
are
three
buyback
proposals.
We
had
a
couple
issues
with
submitting
buyback
proposals.
I
mean
some
of
the
proposals
through
jake's
phone
earlier,
but
those
are
back
on
store
there
and
yeah.
A
I
wasn't
sure
if
anyone
had
a
any
thoughts
on
the
outstanding
proposals.
There
is
one
proposal
that
did
not
get
picked
up
here.
That's
in
the
quiet
ending
period
that
I'm
trying
to
load
here
for
lucha
but
yeah
any
any
thoughts
or
comments
on
the
current
proposals.
B
Yeah
there
is
a
proposal
with
the
exact
same
title
previously,
and
it
was
only
a
one
month
period
proposal,
so
I
checked
with
melanie
as
well
and
with
augusto
yeah,
and
it
looks
like
it
shouldn't
be
passing.
So
I
think.
A
Yeah
and
just
as
they
like
kind
of
I
don't
know
how?
Maybe
I
look
at
these
sort
of
kind
of
kick
through
that
lens
of
candy
fork
for
certain
proposals
like
that,
like
that's
one
like
I
saw
and
then
the
first
thing
I
noticed
if
we
get
the
proposal
up
here
is
it
was
submitted
yeah
a
little
while
ago,
but
then
it
was
boosted
by
a
gusto
actually,
and
so
then
it
was
boosted
by
gusto.
I
was
like
okay.
A
C
A
You
know
the
specifics.
I
was
looking
at
those
as
signals
and
then
I
saw
nathan
had
voted
for
the
proposal
and
then
augusto
voted
against
the
proposal.
So
all
these
things
are,
you
know
we're
not
having
these
conversations
directly
with
people,
but
that's
kind
of
okay,
because
we
can't
read
these
signals
about
how
things
are
are
happening
on
chain
there.
So
yeah
yeah,
that's
kind
of
happening.
It
goes
through.
B
The
cool
thing
that
hopefully
will
be
coming
soon
is
like
the
forum
and
like
social
layer
stuff
would
mean
that
we'd
actually
have
comments
embedded
right
in
there,
and
so
we
were
able
to
be
able
to
have
a
conversation,
because
there's
not
actually
a
forum
proposal,
a
forum
post
for
this,
which
makes
it
kind
of
difficult
to
work
out.
If
it's
real,
I
actually
executed
the
boost,
changed
the
state
on
that
and
then
sort
of
did
a
double
take
before
having
to
look
into
if
it
was
actually
a
legitimate
proposal.
So.
A
A
Yeah
and
personally,
it's
just
kind
of
like
you
know,
as
proposals
go
through
one
of
the
things
you're
checking
one
of
the
addresses
you're
checking
has
this
proposal.
You
know
has
this:
they
submitted
other
proposals
who
do
the
people
vote?
Who
staked
you
know
good.
We
need
to
have
as
much
other
context,
but
we
can
incorporate
into
the
ui,
but
at
the
end
of
the
day,
kind
of
having
the
on
chain
information
there
and
double
checking.
That
is
also
yeah,
important
cool,
and
so
that's
it
for
the
proposal
roundup.
A
There
are
a
couple
discussion
items
that
we
want
to
touch
on
this
week.
First
up
is
the
proposal
to
stake
further
treasury
assets
from
jstar
dave.
Can
you
walk
us
through
this
post.
D
Absolutely
so
jstar
is
actually
jordan
from
stakewise,
so
I
had
a
meeting
with
him
in
amsterdam
during
the
event
there
and
we've
been
holding
stake,
wise
eve
for
quite
some
time
now.
Stake
wise
is
also
deplored
or
deployed
on
gnosis
chain,
as
the
first
liquid
staking
option
there,
and
so
this
proposal
suggests
staking
both
further
ether
with
stake
wise,
as
well
as
taking
a
good
nor
we
hold
in
our
goals
chain
treasury
mistake
wise,
which
I
think
both
are
really
good.
D
Next
steps,
we've
dabbled
a
bit
with
the
liquid
staking
options,
and
you
know
I
think
there
are
the
three
main
ones
really
which
are
lidar,
steakwise
and
rocket
pool,
and
I
think
the
order
of
decentralization
the
spectrum
also
goes
in
that
order,
with
lido
being
the
more
centralized.
One
then
stake
wise
working
strongly
towards
decentralization
rocket
pool,
taking
the
more
extreme
approach-
and
I
would
say
all
of
these-
have
trade-offs
as
well,
for
example,
with
rocket
pool
it's
very
difficult
to
actually
get
the
validate
to
spun
up
currently
because
anyone
can
validate
there.
D
So
there
are
some
concerns
there,
but
I
think
rocketpool
is
also
a
very
interesting
option.
We
should
be
exploring
more,
but
I
think
statewide
is
also
doing
a
very
good
job.
You
know
decentralizing
platform
further
and
further,
and
this
proposal
suggests
taking
2
000
further
eath
with
stakewise
and
the
amount
we
have
roughly
255
ignore
on
gnosis
chain,
which
is
not
a
large
amount,
but
it
would
be
good
to
do
that
anyway.
Just
we
can
also
do
that
completely
decentralized,
probably
through
our
multi-core
schemes
on
gnosis
chain.
D
So
I
know
six
people
only
so
far
have
voted
in
the
poll
or
last
time
I
checked
so
well
seven.
Now
there
we
go
so
if
you
guys
are
make
sure
to
go
check
it
out,
read
the
whole
forum
post
and
cast
your
vote.
The
state
no
no
pool
actually
spoke
with
them
about
it.
They
have
a
curve
pool
and
they're,
not
even
looking
to
incentivize
it
if
they,
if
we
want
they'd,
definitely
be
open
to
talking
about
having
it
on
swapper.
D
It's
just.
I
guess
a
question
for
us
as
well.
If
we
think
like
such
a
stable
pair,
we
can
can
be
competitive
with
curve
on
right,
especially
with
echo
routing.
It
would
probably
all
go
through
curve,
but
they're
definitely
open
to
chatting
about
that.
So
if
we
want
to
discuss
that
further,
we
can
at
any
time
yeah.
D
Of
the
sticking
yeah,
so
I
mean
that's
something
chris
and
I
were
talking
a
bit
about
like
long-term
planning
and
all
of
these
like
strategic
elements,
I
think,
even
with
these
next
2000
we'd
definitely
still
be
below
that
threshold.
I
don't
like.
I
don't
have
an
exact
number
now
for
the
threshold,
but
of
course
we
want
to
retain
enough
eve
to
you
know.
Potentially,
if
we're
doing
some
treasury
management
stuff,
we
might
be
wanting
to
use
eth
rather
than
stake
if
to
take
out
loans
or
whatever
it
might
be.
D
We
want
to
have
the
eve
to
be
operational,
eventually
buy
more
stable
coins,
if
we're
ever
in
a
situation
like
that,
I
think
we
have
just
shy
of
10
000
if
right
now
in
the
treasury-
and
I
think,
like
you
know,
depending
on,
like
other
approaches
we
might
take
considering
liquid
state
either
as
a
very
passive
treasury
yield,
because
it
just
sits
in
our
treasury
right.
So
it's
a
very
easy
position
to
take.
D
I
think
like
we
could
confidently
go
up
to
like
40
50
currently,
and
the
good
thing
is
like
there's
very
deep
liquidity
in
these
steak,
heath
options.
So
at
any
time,
you
can
also
just
reconvert
it
to
eve
right.
So
I
don't
know
if
we
need
an
exact
figure.
Now
we
do
have
that
flexibility
to
just
unstake
it
or
like
return
it
back
to
eve
and
actually
one
of
the
big
differences
between
stakewise
and
the
other
tokens
is
that
it
actually
uses
a
secondary
token
as
a
reward
token.
D
So
every
every
day
you'll
get
you
get
some
reward
ease
and
so
you're
actually
also
able
to
compound
the
rewards
which
you're
not
able
to
do
on
neither
rocket
pool
nor
light
or
because
they're
rebalancing.
D
E
And
yeah,
because
I
guess
the
thing
that
comes
to
mind
or
the
question
that
might
is
that
these
these
things
are
never
without
risk
of
some
kind
right,
there's
like
you're.
Trusting
that
you
know
whoever's
running
the
protocol
or
the
protocol
itself
is
secure.
So
yeah
like
a
diversified,
balanced
approach,
I
think,
makes
sense.
Just
you
know
as
protection
against.
You
know
what,
if
you
know
the
worst
case
like.
E
Or
something
like
collapse
or
have
some
kind
of
a
hack
or
or
whatnot,
and-
and
I
think
we
can
I'm
sure
these
are
pretty
well-known
protocols,
so
they
probably
have
some
stuff
published.
Maybe
we
should
do
a
little
bit.
This
could
be
on
the
technical
side
of
things,
not
necessarily
on
your
shoulders,
but
do
a
little
bit
more
due
diligence
on
on
these
protocols
and
like
what
kind
of
auditing
they've
had
done
and
what's
your
security
model.
D
Yeah
absolutely-
and
I
don't
really
like
to
get
some
more
rocket
eve
and
in
fact
you
know,
maybe
you
know
if
we
can
commit
some
capital
that
maybe
it's
helpful
for
them
as
well,
to
address
some
of
the
shortcomings
they
have
with
onboarding
validated,
etc.
You
know
so
maybe
that
can
also
be
mutually
beneficial
and
then.
A
Yeah,
well,
I
was
going
to
answer
john
there's,
like
10
percent
of
all
eth
is
staked
in
each
two
right
now,
so
I
guess
we're
right
now,
geeks
down,
as
I
guess,
a
little
bit
below
that
average,
and
this
would
probably
put
us
above
that
average-
and
I
don't
know
if
that's
where
things
should
be
or
not,
and
then
within
that
one
I
just
shared
and
I'll
share
this
link.
This
is
just
like
kind
of
the
east
staycam
market,
so
you
can
see
lido.
A
D
Yeah
and
that's
actually
also
addressing
kind
of
federico's
question
about
the
leveraged
staking
option.
I
mean
I'd
also
be
interested
to
hear
other
people's
opinions.
D
I
think
you
know
right
now
we're
still
on
the
journey
to
getting
a
regular
stake
eve,
so
leveraging
might
be
something
further
down
the
line,
I'm
also
personally
somewhat
concerned
with
the
market
dominance
and
centralization
of
lido
and
all
these
leveraged
options,
currently
only
you're
only
able
to
do
them
with
lidar,
because
you
can
deposit
steak
glydo
if
as
a
collateral
in
harvey-
and
I
believe
that's
where
most
of
them
take
the
leveraged
position
but
yeah,
I'm
not
sure
if
anyone
else
has
thoughts
on
this
as
well.
E
A
And
I
do
and
dave
mentioned
this,
you
know
I
do
think
deke
style
believes
in
decentralization
and
its
core
to
its
its
mission,
and
I
you
know
broadly
when
I
look
at
ethereum
and
the
crypto
space
space.
More
broadly,
I
see
two
really
existential
threats
to
decentralization.
A
One
is
like
in
the
form
of
mev
and
how
that
could
eventually
centralize
and
the
other
I
think,
is
in
staking
centralization,
and
I
think
I'm
a
little.
I
think
the
ethereum
community
should
be
more
concerned
about
the
rising
dominance
of
lido
and
I
think,
like
geeksdale,
should
consider
that
in
choosing
its
staking
provider
and
how
it's
like
kind
of
choosing
to
get
exposure
to
staked
eath
as
that's
kind
of
yeah,
again
core
part
to
the
long-term
mission.
A
And
I
believe
the
only
one
that
is
you
can
use
for
leverage
is
the
is
lido's
eath
and
that's
on
abbe,
and
that
was
I
think,
just
added
in
march,
and
that's
really
what's
exploded.
A
A
There's
just
a
lot
of
strategies
going
off
of
yeah,
levering
up
on
state
deeds.
A
And
just
a
you
know
when
you
think
about
where
the
yield
is
coming
from,
even
for
the
state
eath
right
like
no
one
has
harvested
that
yield
right,
because
you
can
only
harvest
that
yield
when
e2
actually
launch
launches
and
there's
actually
a
liquid
market
for
for
getting
that
yield.
So
really
this
is.
This
is
all
like
in
preparation
for
a
future
liquid
market,
which
means
there
are
a
lot
of
trust
assumptions
going
on
here.
A
You
know
several
thing
about
this.
I
don't
know
if
you
mentioned
that
this
the
proposal
also
is
250
gno
for
stakewise,
and
so
this,
I
think,
is
really
cool
signal
to
have
dx
dow
have
both
staked
eath
on
ethereum
and
state
gno
on
gnosis
chain.
It
will
obviously
not
be
as
much
of
the
gno,
but
I
think
that
is
kind
of
like
a
good
setup
of
the
the
treasury.
D
Yeah,
and
also
just
to
touch
on
the
like
leverage,
positions
and
stuff
there's
also
been
some
efforts
about
like
not
regarding
this
proposal,
but
to
be
able
to
invest
or
like
partake
in
a
lot
more
yielding
activity.
You
know,
I
think
dxl
has
a
strong
interest
in
being
able
to
do
so
through
perhaps
you
know
some
relays,
we
have
a
lot
of
relays
and
stuff,
and
you
know
we've
had
some
discussions
about.
D
You
know
how
can
we
maybe
build
a
trustless
way
of
being
able
to
manage
the
treasury
right
where
you
can
have
oracles
relays
a
couple
of
checks?
Some
you
know
emergency
exit
positions
for
liquidations
and
that's
also
something
where
jolt
could
tie
into
right
for
some
of
these
operations
based
on
liquidations-
and
I
think
that's
something
really
interesting,
but
yeah
that
probably
needs
a
lot
more
work
and
it's
a
lot
more
further
down
the
line.
D
So
the
nice
thing
with
state
right
is
that
you
you
you
buy
it,
you
dump
it
in
the
treasury
and
it's
just
yielding
right.
You
don't
have
to
do
anything.
So,
that's
why
I
think
state
if
right
now
fits
very
well
with
the
excel.
But
you
know
a
more
advanced
solution
would
be
really
nice
to
have
in
the
future,
and
it's
definitely
something
you
know
we're
having
discussions
around
and
hopefully
we'll
have
at
some
point
in
the
future.
G
Dave,
where
does
the?
Where
does
the
apy
come
from
mainly
for
the
gno
staking.
D
It's
the
same
as
if
so
it's
the
right
now,
it's
distributed
by
diagnosis
on
the
beacon
chain
and
once
the
merge
happens,
so
the
ignore
merge
is
meant
to
happen
shortly
before
eve.
Then
you
also
get
transaction
fees
right
so
later
on.
It's
expected
that
these
ap
wise
increases,
but
right
now
it's
just
emissions
on
the
beacon
chain.
D
I
believe
it's
inflationary
on
the
beacon
chain
right.
So
it's
theoretically,
you
don't
have
the
reward
until
the
merge
happens
and
the
you
know
pos
is
active,
but
that's
why,
on
lido
and
rocket
pool
you
can't
compound
right
because
it's
just
priced
in,
but
you
actually
only
really
get
a
reward
once
you
go
on
to
you
know
once
the
merge
happens,
but
people
already
now
are
you
know,
price
people
idle
and
rocket,
and
for
exactly
yeah
and
on
stake
wise
people
are
just
the
market
is
just
paying
for
that
reward.
D
If
right,
so
you
are
able
to
do
it
just
because
the
market
is
buying.
G
It
yeah
yeah,
but
with
with
eth
the
the
actual
protocol
mints
eth
and
gives
it
out
as
a
reward
right.
Where
is
the
gno.
A
That's
what
that's,
what
gnosis
beacon
chain
is
right.
It's
a
new
protocol,
that's
gno,
based
as
like
the
staking
so
like
yeah.
I
know
there's
several
people
who
have
dap
notes
that
are
staking
on
gnosis
beacon,
chain
now
and
earning
rewards,
and
it's
like
the
same
setup
that
someone
had
we're
setting
up
an
eth2
validator
in
november
2020..
I
don't
know
exactly
how
they
like
just
I
mean,
because
obviously
gno
was
a
token
that
did
not
start
as
out
as
a
blockchain.
E
E
A
A
I'm
speculating
like
when
beacon,
joseph's
beacon
chain
goes,
live
there's
like
the
model
of
right
fee
accrual
to
the
stakers,
I'm
guessing
that
gnosis
is
subsidizing
that
yield,
though
for
sure
right.
That's
why,
for
eth,
it's
like
4.5
and
gnosis
has
increased.
G
In
my
mind,
that
the
the
gno
reward
on
gnosis
beacon
chain
is
very
different
than
than
eth,
because
one
is
a
protocol
built
like
system
agreed.
Everyone
in
the
world
decides
that,
together
and
and
in
those
it's
like,
we
don't
even
know
like
some
person-
is
deciding
what
the
gno
reward
is
on
no
speaking
chain
and
it's
coming
from
a
a
fixed
token
treasury
that
in
the
long
run,
that
would
run
out
unless
they
do
some
change
to
the
entire
system.
Right
I
mean
at
the
numbers
they're.
A
A
Inflate
gino
because
they
minted
so
much
gino
like
five
years
ago,
but
anyway,
that's
an
interesting
kind
of
question
discussion
to
think
about,
but
any
other
thoughts
or
kind
of
comments.
Here
I
think
dave
had
a
call
to
action
to
vote.
We
can
show
a
little
preview
of
the
results
here,
but
yeah
any
any
other
thoughts
on
on
on
this.
A
D
Yeah,
no,
I
think
it
would
be
nice.
If
so,
stakewise
will
jordan
submit
the
signal
proposal
right
and
then
we
can
could
take
care
of
the
execution,
we'll
probably
split
this
out
across
a
number
of
transactions
just
because,
of
course,
it's
taking
on
maine.
That
would
so
happen
through
the
multi
c
and
yeah
I
chris
mentioned.
We
could
probably
do
a
small
test
transaction
on
know
this
chain
to
do
the
staking
directly
and
then
just
do
it
all
through
one
proposal
through
the
multi
calls
yeah.
A
Awesome
and
then
we
have
two
other
discussion
items
just
because
you
know
halfway
through
and
I
think
the
next
one
will
take
a
bit
of
time.
So
the
first
one
is
the
draft
proposal,
geek
style,
hackathon
and
retreat.
This
proposal
has
actually
been
submitted,
but
has
not
yet
been
boosted.
So
it's
just
kind
of
there
and
there's
been
some
interesting
discussion
on
the
forum.
There
was
a
tommy
was
on
the
call
two
weeks
ago.
This
initial
proposal
is
not
for
the
full
proposal.
A
It
is
only
to
jump
start
this
process
and
yeah.
You
can
kind
of
check
out
some
additional
thoughts.
I
haven't
had
time
to
reply
to
it
here,
but
I
think
some
of
the
questions
on
like
getting
a
clear
idea
of
the
the
full
cost
and
the
obligations
of
different
geek
style
team
members
is
is
definitely
an
important
consideration,
but
part
of
that
is
exploring
that
with
this
additional,
this
first
step,
which
would
be
a
2500
dollar
payment
to
search
the
lateral
laterals
the
company.
G
One
maybe
this
is
part
of
this
initial
exploration
we
did
learn.
I
I
I
was
trying
to
figure
out
other
projects
that
have
done
their
own
hackathons
and-
and
we
talked
a
lot
with
the
graph
and
john
knows
simone.
I
think
well,
like
the
graph
every
year
has
been
doing
in
san
francisco
around
a
graph
day.
G
They
do
a
graph
hackathon,
which
is
like
a
two
day
graph
focus
hackathon,
which
that
sounds
a
lot
like
you
know
a
dx
hackathon
one
idea
would
be
obviously
that's
in
san
francisco,
but
one
idea
would
be
to
like
gauge
the
work
and
we
could
ask
them
for
maybe
who
puts
that
on
for
them
to
gauge
the
work
and
cost
of
what
it
means
to
put
on
like
a
a
graph,
focused
hackathon,
and
that
could
we
could
use
that
as
comparison,
because
my
guess
is
it's
bigger
than
than
we've
been
speaking
about
so
far.
E
Oh,
that,
like
makes
me
think
I
could
also
ask
each
global
people
for
like
some
kind
of
cost
summaries.
Would
that
be
useful.
F
A
Key
thing
is:
it's
like
we
almost
are
needing
information
on
what
this
would
be,
and
you
know
I
think,
in
the
discussion
with
lateral,
it
seemed
to
be
more
about
how
the
cost
on
the
ground
would
work
and
kind
of
the
logistics
there,
but
I
also
think
there
would
be
you
know
a
lot
of
other
elements
to
this,
particularly
like
in
a
marketing
kind
of
content
production
part,
but
I
also
and
so
getting
all
the
information
from
from
people,
sky
and
john,
I
think,
is
a
great
idea,
but
I
also
think
there's
a
huge
spectrum
of
things
that
can
kind
of
go
on
in
bogota
and
kind
of
how
we're
thinking
about
this.
A
You
know
this
is
also
the
idea
of
the
retreat,
I
think,
would
be
something
that
could
be
done,
even
if
that
or
some
type
of
different
event
or
anything.
But
I
think
I
think
it
will
take
some
time
to
explore
the
ideas
and
flush
them
out
a
little
bit
more.
C
Yeah,
absolutely
and
then
just
to
kind
of
tag
on
to
that.
I,
like
completely
support
what
chris
is
saying.
I
think
we
need
people
on
the
ground
in
bogota
if
we're
even
going
to
like
be
there
and
have
so
so
many
contributors
there.
I
think
it's
important
to
have
you
know,
support
actually
in
bogota.
A
I
like
saying
people
on
the
ground
in
bogota,
like
that
just
sounds
kind
of
cool.
It
sounds
like
we're
doing
something:
cooler
than
planning
a
retreat
in
a
hackathon,
but
the.
G
G
The
question
is,
like
is
the
goal
for
200
people
at
this
to
like
focus
on
dx
dial
stuff,
or
is
it
just
like
organized
by
dx,
dow
and
maybe
a
couple
other
co-co-organizers
like
gnosis
or
someone
else,
and
then
people
can
hack
on
whatever
they
want
like?
What's
the
goal
of
getting
the
hackers
to
what
actions?
Basically,.
B
And
how
would
that
be
wrong?
I
guess
because
still
doesn't
hear
about
from
what
I
heard
from
augusta.
I
think
it's
not.
I
think
we
probably
have
things
for
the
style
product
integrations,
but
it
wouldn't
all
be
that,
like
I
think
it
would.
I
think
it's
meant
to
be
more
generic,
but
should
be
that's
good.
A
Figuring
out,
once
we
can
solve
the
things
that
we
can't
so
yeah
additional
thoughts
make
sure
to
throw
them
up
on
this
forum
thread.
A
Cool
and
then
next
item
is
dhd
buyback
program
adjustments,
extension
number,
eight
and
transfer
of
357
each.
So
this
is
a
proposal
or
format,
something
that
I
think
can
go
to
a
proposal
format
based
upon
a
discussion
that
we
we've
had
over
the
last
you
could
say
a
couple
weeks,
but
it's
the
last
couple
months
on
different
elements
of
the
dxd
buyback
program.
A
So
I
put
the
information
here,
it's
pretty
dense,
and
so
I
just
want
to
go
over
it
and
I
hopefully
there
may
be
some
of
links
that
are
needed
to
be
adjusted,
and
maybe
some
of
the
numbers
are
affected
by
the
price
of
ethan
dxd.
But
hopefully
this
kind
of
can
clears
up
things
and
set
it.
So
I
think
it
is
nice
and
fitting
to
have
this
to
to
be
revisiting
this
in
may
2022
because
may
seems
to
be
the
month
of
dxd.
A
That
was
the
month
that
was
originally
launched
in
around
may
2020
and
then,
which
minted
forty
thousand
976
dxd
from
the
bonding
curve.
As
part
of
the
launch.
There
was
also
100k
dxd
that
vest
the
geek
style
treasury
over
three
years,
dave
actually
just
vested.
I
think
it's
about
5000
dxd.
He
just
called
a
function
on
the
contract
and
it
just
vest
to
the
the
treasury,
and
so
I
think
about
67
000
of
this
100k
txt
is
now
vested
to
the
treasury.
A
The
bonding
curve
for
those
remember
was
was
shut
down
and
then
in
may
of
2021
dxd's
favorite
month,
the
dxd
pr
buyback
program
was
passed
to
acquire
dxd
on
the
open
market
in
a
trustless
manner.
There
was
the
original
proposal
and
then
there's
been
some
clarifications,
some
adjustments
and
then
there
have
been
seven
extensions
since
the
pro
in
the
year
since
the
program
has
launched,
13
298
dxd
has
been
purchased
on
main
hypnosis
chain
at
an
average
price
of
0.177
each.
A
So
that's
kind
of
that
was
like
the
buyback
program.
In
addition
to
the
mint,
the
original
mint
from
the
bonding
curve.
There
have
also
been
some
dxd
issuance
from
deke
styles
initial
100k
pre-mix.
So
this
has
really
been
in
three
areas.
A
You
can
track
there's
475
dxd
that
has
been
issued
on
chained
to
vesting
contracts
to
contributors,
and
then
there
is
458.txt
that
was
issued
to
lps
on
gnosis
chain
and
ethereum
mainnet
for
swapper
farming
last
summer,
and
then
there
is
a
around
2500
dxd
that
is
owed
to
contributors
that
has
not
yet
been
issued
investing
contracts.
A
So
this
is
really
important,
because
this
is
dxd
that
is
still
in
the
treasury
now,
but
that
has
been
committed
to
contributors
for
payments
and
there
was
a
signal
proposal
that
passed
at
the
end
of
last
year
that
laid
out
the
the
dxd
amounts
and
then
there's
been
updates
for
how
much
dxt
has
been
issued
since
over
the
last
four
months
to
contributors
to
land
at
this.
So
just
to
get
the
numbers
straight
to
start
here.
So
that
means
we
had
48
976
dsd.
That
was
minted
off
the
bonding
curve.
A
We
get
a
current
circulating
supply
of
thirty
nine
thousand
one
hundred
and
one
one,
thirty,
nine
thousand
one
hundred
and
eleven
dxd,
although
some
of
this
dxd
is
still
vesting
for
another
two
plus
years,
so
this
gives
a
dxd
a
circulating
market
cap
of
26.7
million,
which
is
still
comfortable
below
the
45
million
in
the
dx
dow
general
treasury,
in
the
buyback
reserve,
yeah
and
just
that's
kind
of
the
background-
and
I
know
that
was
maybe
old
news
to
people
or
kind
of
specifics,
but
just
getting,
I
think
the
specifics
out
there
is
is
pretty
important
for
how
we
ended
up
to
where
where
we
are-
and
I
think
maybe
this
might
change,
because
there's
right
like
three
buyback
proposals
that
are
currently
in
the
queue
and
we'll
yeah
adjust
this
a
little
bit
but
yeah
the
sheet.
A
Has
this
adjusted
there?
So
then
the
adjustments
and
clarifications
that
are
aimed
to
happen
on
this
there's
really
three
things
here.
The
first
is
spelling
out
the
accounting
breakdown
between
dxd
and
the
general
treasury,
oh
no,
between
dhc
and
the
general
treasury
and
dxd
in
the
buyback
reserve,
and
so
for
those
of
you
who
remember.
A
We
had
this
discussion
over
the
last
couple
weeks
and
months
that
in
the
first
buyback
proposal,
the
motivational
rationale
for
purchasing
the
dxt
was
actually
to
lp
on
swapper,
because
the
dxdow
wanted
to
provide
liquidity
on
swapper
but
did
not
want
to
issue
additional
dxd
to
do
it.
After
that
first
proposal,
the
subsequent
proposed
buyback
extensions.
A
The
rationale
for
continuing
those
was
actually
in
using
funds
from
the
buyback
reserve,
which
is
actually
the
bonding
curve
contract.
That
is,
you
know,
always
been
thought
to
be
controlled
by
dxd
holders
and
because
that
bonding
curve
actually
supports
the
price
to
use
eth
from
that
to
purchase
dxd
on
the
open
market.
But
since
that
bonding
curve
is
tied
to
the
dxd
token
contract,
and
we
need
to
be
upgraded
to
be
able
to
get
to
get
that
eth,
there's
been
east
from
the
general
treasury
has
been
used
so
anyway.
A
This
first,
this
first
point
clarifies
that
3659
dxd,
which
is
all
of
the
dxe
that
was
purchased
up
until
the
first
buyback
extension
there,
that
that
is
due
to
the
controllable
by
the
general
treasury,
while
the
9640
remaining
as
well
as
any
future
dxd,
that's
purchased
using
funds
from
the
buyback
reserve.
So
that
would
be
any
future
extensions
that
dxd
should
be
burned
and
then
that
has
repercussions
or
follow-on
effects
in
terms
of
the
eth
calculation.
A
So
this
means
that
there's
eight
1873
each
from
the
buyback
reserve,
has
been
used
to
purchase
dxd,
there's
2499
in
the
buyback
reserve.
So
that
means
there's
about
550
eth
left
to
be
able
to
be
that
could
be
used
to
purchase
dxt
along
the
same
parameters
as
the
previous
buyback
extensions.
So
that's
the
point
number
one.
I
think
there
was
pretty
good
consensus
on
that
some
discussion
about
taking
an
average,
but
I
think
it's
cleaner
to
do
that.
A
The
second
one
is
a
very
simple
clarification
on
nav
and
something
I've
actually
been
meaning
to
do
for
a
while.
If
you
read
most
of
the
buyback
proposals,
technically
nav
is
actually
like
just
defined
as
ethan
stable
coins
in
the
treasury,
and
that's
because
when
the
first
thing,
when
we
were
first
launching
that's
what
it
really
only
defined,
but
this
clause
just
really
extends
it
to
any
swapper
deposits,
because
there
is
like
an
argument,
basically
that
the
swapper
deposits
on
unnoticed
chain
might
not
count
for
nav,
even
though
they
really
are.
A
I
think
you
know
treasury
assets
in
the
same
way,
we've
staked
eth.
It's
not
just
clear
in
the
previous
proposals,
whether
that
and
state
gno
or
any
stable
coin
deposits
count
in
nh
nav.
So
this
is
just
a
simple
one
that
would
just
clarify
that
going
forward.
This
is
not
anything
to
do
with
the
larger
nav
discussion
there.
So
that's
the
second
one
is
to
clarify
and
the
some
of
the
nav
calculations
and
then
the
third
one
is
a
future.
Looking
one
that
says.
A
If
and
when
the
dxd
buyback
program
depletes,
the
buyback
reserve,
funds
from
the
dstop
treasury
can
be
used
to
purchase
dxd
on
the
open
market
up
to
70
of
nav.
So
long
as
this
calculation
accounts
for
runway
and
future
funding
for
protocol
development,
so
I
think
this
is
meant
to
give
some
confidence
of
the
future
after
the
buyback
reserve
depletes.
A
I
think
it
is
incumbent
upon
teaching
governance
to
like
kind
of
oh
as
as
the
depleting
the
buyback
reserve,
as
we
approach
that
to
to
discuss
and
follow
up
on
this,
and
particularly
as
it
relates
to
runway
here.
But
I
think
this
is
something
that
we
could
potentially
run
into
in
say
like
two
and
a
half
to
three
months
time
period.
So
these
are
the
three
things
that
clarifies
and
then
just
one
additional
thing
that
I
think
is
pretty
important.
A
This
proposal
would
says:
geek
style
governance
commits
to
devote
further
resources
and
a
dedicated
dxd
token
working
group
to
address
long-term
questions
about
dxd
value,
accrual
and
other
questions
around
nav
calculation,
product
revenue,
dx
now
supply
liquidity,
integration
into
governance
2.0,
as
well
as
runway
for
product
development.
I
think
you
know
where
we
are
with
dxd
now
there
has
been
a
lot
of
small
adjustments
along
the
way
over
the
last
really.
A
That's
going
to
take
time
and
that's
why
we
want
to
find
agreement
on
these
things
above
and
give
some
some
idea
on
how
things
are
going
to
progress
going
forward.
So
there
can
be
some
possibility
for
this
and
we
need
to
talk
about
what
this
would
look
like,
but
it
would
you
know,
presumably
something
that
is
just
going
to
devote
some
time
over
the
next
couple
months
to
hammering
this
out.
So
that's
the
adjustments
and
clarifications.
The
other
stuff
is
just
extension.
A
So
I'm
now
going
to
pause
and
see
if
there
are
any
other
questions
relating
to
this
post.
A
E
Buybacks
would
be
making
sure
that
you
know
there
is
ample
room
in
the
runway
for
product
development
and
that's
not
being
like
kind
of
exposed
to
liquidation,
and
I
I
like
how
you've
kind
of
framed
this
as
kind
of
like
indicating
that
you
know
buybacks
are
still
in
the
cards,
but
we
have
a
little
bit
of
work
to
do
over
the
next
couple
months
and
spelling
out
exactly
like
what
the
framing
will
be
for
how
that's
calculated
so
yeah.
Overall.
I
think
this
is
great.
F
Yeah
and
similar
to
what
john
says
when
we
put
this
on
chain,
we
have
to
be
careful
about
the
wording
so
that
in
the
future
there
isn't
some
caveat,
like
some
word,
some
sentence
that
people
can
misconstrue
and
say:
oh
here
it
is,
it
was
voted
on
like
when,
when
we
put
this
text
on
chain
to
vote
on
it,
we
have
to
make
sure
what
we're
actually
voting
on,
because
it
it
covers
a
lot.
A
Definitely
and
that's
why
it's
important
to
slow,
slow
things
down
and
kind
of
yeah
other
thoughts,
anything
like
on
the
wording
or
kind
of
suggestions
on
ways
to
make
things
tired,
because
I
think
yeah
like
to
john's
point.
I
think
we
kind
of
you
we
reach
this
rough,
vague
consensus,
where
we
all
kind
of
agree
where
things
are
going,
but
then
having
being
able
to
translate
that
into
something
that
can
go
on
chain
and
be
referenced
later.
A
A
Yeah
and
then
just
this
would
be
like
the
same
thing.
The
rest
of
this
is
in
addition,
this
would
also
extend
the
proposal.
I
mean
sorry
extend
the
program
for
another
million,
so
that's
kind
of
the
same
thing.
That's
the
same
process
has
been
going
on
for
the
other
extensions
where
and
especially
for
the
last
ones,
where
the
east
to
be
transferred
is
in
this
proposal
itself,
and
then
it
will
be
sent
over
to
gnosis
chain
and
put
in
the
gpv
relay
there.
A
I
think
we
have,
I
think,
there's
like
80
90
eath,
that's
left,
so
I
think
there's
about
13,
maybe
13
or
14
more
days
until
we
probably
run
out
of
that
depending
on
the
price
of
youth,
which
dave
maybe
can
speculate
or
bet
against.
What
I
think
is
going
to
be.
A
A
Cool
any
other
thoughts,
questions
about
this
or
anything
else
on
the
mind.