DXdao DXgov Weekly Gathering, 15 Feb 2023

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From YouTube: DXgov Weekly Gathering [2023-02-15]

Description

00:02 Welcome and Agenda
00:53 Mainnet Roundup
09:31 Gnosis Chain Roundup
13:58 Swapr Fee snapshot
15:32 This Month in ENS DAO
20:20 ETH/DXD Gnosis Chain Liquidity Proposal
22:25 Karpatkey - DXdao Treasury Guild Proposal
46:27 Call to Attention Items

A

No welcome to deep Styles conference discussion for Wednesday February, 15, 1600, UTC, happy belated, Valentine's Day.

A

We will look first at the agenda so as always, starting with the proposal Roundup, you can see on mainnet nurses chain and also a nice swapper snapshot uh and then so discussion items just wanted to briefly go over um two things in the The Forum um the this month in ens. Dow was just posted, so a little bit of update on ens stuff and then the ears and the THC nurses chain liquidity proposal and then carving out a big chunk of the time to discuss koparky deaked out treasury Guild uh draft proposal.

A

um And then you can see some of the other also worth um checking out things uh there. So, let's uh start with the proposal.

B

A

You can see this one here at the top. Actually, HD has not been executed, yet I think I actually did put up a transaction in for that, um but I guess has been pretty high. The.

B

Last day, thank.

A

You blur for that, um so we don't have that, but yeah I'll execute that there and then we have venki DxD, investing claim and also arbitrary proposals reimbursement. We should talk about this last week that we'll go through there in four hours um and then we have dixgov Guild 2023 q1 funding, Davi developer yesindra. This is set to go through in 13 hours, but um I'm curious to know if it will be um regardless of whether it goes through or not yet, dindra I think can figure out a way to um get you paid.

A

As this proposal to save is passed, the reason it might not go through is that it is using the old contribution reward scheme which we had just um de-installed I. Think yesterday there. So actually you see on the alchemy One, it's automatically gone right, so we just have the new funding and voting power one, but we were kind of curious to see if you'll be able to redeem this proposal, even after the scheme had been de-installed there.

A

um Yeah and then we're going to another, we have the vested DxD claim for mmdhr for Melanie's dxt here um and then that is yeah going through another another day here and there's a lot of these different invested, DxD um proposals going through parts of the beginning of the year, parsley just says a lot of different um Logistics things are tied up there, so it's.

B

A

See I think most of them are um are very, very easy to understand, links and then the spreadsheet there to evaluate those. uh Then we have Ross Nielsen level up approval and D skilled funding. So this is Ross says here is through the new um scheme here, and so this is yeah uh approval for additional allocation for uh level. Seven uh increase for Ross I think it's 2 000, yet 2000 xdi that's sent uh there.

A

um And then we have a couple different Redemption bouncer proposals. um I have had a chance to look at this one, but I haven't had a chance to vote on it because the gas I was waiting for.

B

A

Come down, but this looks um pretty good here. You can see it's uh for about 16 000 uh dollars here um and I. Think that's 38.

A

A

And then there is another one: no that's the last one uh and then here this is actually a wrap. We'll go to Alchemy just to look at this, um so this is actually a wrap 400 each. um So this is using the mimic faults. All you do is just send the eve to the The Vault and it automatically um wraps it and sends it back to DXL. You can see kind of that happening here. I think we've done.

A

This is the test one one e H there, and then um you can see these others, the 400 youth there. So this is the the internal transaction to then on the.

A

I feel like it should have the weft transactions there. It.

C

Goes to the other small contract you have to click on. Oh in this one.

A

Yeah right, okay, there you go so this is how we're getting a little bit of weft and if you notice like on so there's two reasons why this is a little less than 400. The first reason is this: one is a little less because it actually have a bug in alchemy where for something about where you put 400, but it actually like the way it's calculating the I, don't know a fraction to decimal. It actually is slightly less than than uh 400.

A

So that's why this one is a little bit slightly less and then these other ones right here. This is the previous one reason this is slightly less is because this right here is the gas fee. That's going to the bot, that's executing the transaction, so you're, sending the four underneath getting it wrapped and also paying the bot that is actually doing the uh is doing the gas fee for that. So I think a very, very cool um Vault that mimic built for us and is just very, very handy.

A

Okay and then the.

B

A

We head out here: we have one more I, think let's go to this one over here, too yeah, and then we have two different um or actually just one right now that is boosted. So this is a castle opportunity order for weft gxd, so there's a 400 wet order. This is why we need to wrap the weft in order to be able to execute this proposal. I think this is the um there's already been two different Foreigner West proposals that have done this, and so this is I think 4.54562.

A

We can see four five seven so when this was submitted, that was 70 of nav in terms of each terms, um and so that's what it's doing there. It's putting a an each order there out for gxd at that that price there, um and so that is the first one that will pass in in six days or five yeah.

A

Just under six days here there was one that passed over the weekend as well, and then this has been submitted and I put a 36 way boost on it to start the day, but gas has been annoying the whole day, so it has not started to boost yet. But this is just another one, but instead of Dave doing it, I was able to.

B

A

To figure this out a little bit and put an order here, so you can see here. This is actually just for 200 left um I think it makes sense, maybe to split them up a little bit. um You can see the price here is 0.4629 and that's was the price. When the yeah, the treasury was um yeah last you can look actually on this sheet.

C

A

Yeah, you can see there. That was the the price.

C

There, when this.

A

Was submitted so um yeah that'll get boosted and it'll be another 16 days, but I think this is a yeah. A separate way of of enforcing that or enforcing the token model is doing these like open market purchases. That I think are helpful for people they are only accessible. This is important, so it is a cow, stop liquidity order, which means it's only accessible by trading through that Cal swap UI directly. So if you want to access this and sell, um you need to be doing it through the cast swap one there.

A

Thank you. Okay, I think that was it for.

A

um ah There was one more that has been boosted that I forgot to talk about here: yeah a member balancer for wxdi um deposited nurses chain base. um As many you know, um you cannot send xdi to a Smart contract wallet on gnosis chain. um We have the same problem on mainnet for eth, um which is tough because we have some funding.

A

We want to be able to do two different smart contracts, whether those be multi-cigs or whether they be the guilds themselves, and so we need to figure out a way to get some of that in the treasury. So, in order to do that, I just sent I wrapped some X die and sent it to the geek style treasury.

A

Here, um as you can see, that here is 9200 and then I'm just requesting the usdc amount of that for on mainnet here as a member member balancer there and then I think in total now you can see I think there's yeah about 77 000 um X die and then about 11 800 um WX die and then usdc, just at 6 4 10 there. So you.

B

Know since people are not.

A

Doing as many proposals through there I think this should um be enough for nurses Jane, um especially because we've had some proposals coming through in the last month or two that are actually about the the end of last year for November and December, um so yeah and then just another general rule of thumb. uh If you're doing an individual request for a proposal, um if it's over five thousand dollars, it's probably best to do it through um through mainnet, um they depend differently.

A

If you actually want to be Distributing that those funds on gnosis chain, but that's a general rule of thumb, there, yeah cool cool.

A

And then moving over to X Style just go here or sorry gnosis chain um yeah, so we have um actually I've not checked as much out of this this morning, but yeah so nurses chain is, is less busy than it has been in the past, um because so much of the activity for working proposals has shifted to guilds. But we can see here, yeah, there's two uh proposals or one proposal that is live in these three. That will be boosted in a minute.

A

So this was for the Alchemy bat ony um This was um yeah for 3ac for producing this wonderful or not producing for forking. This wonderful UI that we're all looking at and then running it and setting it up there. So this was through dxgov and that is being paid directly through to the um three AC safe on dosage chain, and you can.

C

B

A

It in WX die, hence the need for the previous member balancer to be able to.

B

A

That um this is the operations Guild H1 2023, contributor events type in um so this is, uh you can see. Melanie submitted this, and so this is the event. Stipend was approved in the 1H 2023 budgets, but it was approved as a contingency cost. So this is a proposal that is claiming those contingency costs for the first uh one, half of 2023.

B

A

As you can see here, the way that this is the way that the system kind of has has worked in the the past, where I think is the original proposal was that you get a event stipend based upon the amount, the percentage commitment to DX out and that percentage commitment, specifically to your your your guild. So if you're an 80 contributor time, that means you'd be getting 80 of the two thousand dollars and then for some specific contributors.

A

They do contribute to different guilds, and so you should actually explain those event stipends through separately through the guilds um yourself I, believe the DX gov team has already done their proposal for the event stipends, and then this is the operations Guild and then I saw in the Forum the carrot and swapper ones there. So um yeah moving moving kind of ahead with that and I think. This is a good one for Melanie here to look at. If you have any questions on how to format that or the process.

A

Cool cool, and then we have the Ross uh Nielsen Destin DxD claim, interestingly done on uh gnosis chain seems fine. There there's about 1100 DxD, that is in the nurses chain base, so that's kind of a fine to do there. It is a little bit more difficult to do this um on nurses chain because you have to do it through GX vote, because Alchemy does not actually recognize the DxD token in the UI there, so you cannot select it from a drop down.

A

So that's why it's a little bit easier for some to do it on mainnet, of course, gas costs and the time to proposal. Time is shorter on gnosis chain yeah, and then we have two different proposals here um from Lucy Foss that candy Fork boosted yesterday. So one is a die payout for a proposal that I did previously passed here.

C

A

Is actually you know a little bit in in the past year, but this had been approved and he's just now claiming uh the funds for that and then the other one is a a similar.

B

A

About the uh yeah I think December time, as this is on on carrot, I think as I made a note in the The Forum, um so I think this. So this one is actually not requesting any any funds right now, but so this one is from November 26 to uh the 25th and so for November 26 until January 1st. That will all be done through just this proposal, as you are submitting it here, but going forward this, uh this compensation has actually not only already been allocated.

A

It's actually already been sent to the carrot, Guild uh themselves and so um for Lucy Foss. To claim this for the second half that'll actually be claimed through the carrot. Guild not through the nurses chain base.

A

Cool and then I think that was oh. It wasn't it for all the proposal Roundup if that's it for nurses chain, um but in addition to mainnet and notice chain. We have some also some live voting going on on the swapper um snapshot. Then he had posted in the The Forum uh about a temp check to maybe raise the fee on arbitrum. The fee on gnosis chain is one percent, and uh the one on arbitrime is 0.25. So this is a vote to see that um changed.

A

um Yeah, as you can see here, the vote is uh right now is, is first place or sorry.

B

One percent.

A

Is in first place and then the changing it to 0.6 is in second place, um I think like really cool, uh it's like 10 000 voters on this um I think some of them may be Bots, but this kind of goes to show you I think maybe very underratingly how widespread the swapper token distribution is.

C

And the airdrop was and.

A

I think a lot of that, of course, is because it was done on arbitrum and kind of that um I think it's really cool to see this.

B

A

And to see the participation there, um vinky I, don't know if there's anything else, if you're on or anything else to add to that.

B

A

um So yeah another way of voting there.

A

Cool and then um yeah I don't know if there's any other thoughts on any of the proposals outstanding.

A

Cool and then just um posted this uh at the end of last week's just wanted to call it attention this month in EMS, Style Just for review of some of the things going on in ens. Dallas was a reminder. Deep style has 46 000 EMS tokens that it was given in the initial.

C

A

That's about six hundred thousand dollars. Those are the.

C

Voting power for.

A

Those are delegated to kd4.e, so Kenny Ford has been participating on behalf of deep down in this, and so the two big kind of things at the beginning of the month are um one: the funding working group budgets for q1 and Q2 2023 and then to treasury management um through kind of two separate things. So one is this: 10K sell into usdc and then the other one is the continue to work on the ens endowment by uh Copart key there. So some information about um where the q1 q23 Q2 budgets are allocating their funds.

A

So candy Fork did vote for this, and you can see here. This is it's only for half a year, but this would annualize the Dow spend to these three working groups to 4.1 million dollars that doesn't include the payment to ens Labs, which I think is eleven thousand dollars streamed daily, which is in total, eight million dollars. For the uh sorry.

B

Four million dollars.

A

For the year, so that's like an eight million dollar total budget for ens, Dow I think it's always going to really enjoyed like getting to know. You know this governance a little bit more learning how different dials operate and just like seeing their their.

B

A

Process is interesting and then also seeing where they're actually allocating funds here so um just kind of looking at at this. Here you have the three different groups here for 9, 35, 364k and then 250k, and the vast majority of these are basically Grant type of things. And so you see here this is the um ecosystem working group uh here.

A

So they've got a lot to hackathons a lot for Grants Builders uh DNS fairy eth limo, always a really important part of the ecosystem there and is getting that funding out of there and then uh the same thing looking at the meta governance working group. So this right here is maybe the more interesting line item to people. So this is the steward and secretary compensation for all of the working groups. So there are three stewards per working group and then an additional sector.

A

So I think this works out to be about um 3 000 a little over three thousand dollars a month for the stewards to participate that plus a little bit of ens there. um But you can see the rest of it is more for other types of activities there yeah and the treasury. The two big initiatives the past a few weeks, um the one was the uh passing of the uh cell ten thousand each to usdc.

A

So this was using Cal swap a model that I Think, Geek style, had had uh pioneered and was using there so I think a very cool uh use of Cal Swap and there was a lot of some activity in terms of analyzing the trade and how it was executed. That was, that was pretty cool um and.

C

Then elsewhere the.

A

Treasury the ens endowment, so this would be a portion of the ens treasury that is being managed to generate a yield by uh kaparki who's on this call here, so they had posted a series of strategies to be used in mid-January for Community input and then I think. uh Actually, this executable on the Forum I think that is actually now live in the Forum right now um and I think we'll be looking to go into a on-chain execution proposal.

B

A

So that means actually sending the 25 of the ins treasury um to the specific um multi-sig there again, it's kind of interesting to look at other dials and how they're functioning that they're, going through the same process of what you have a single proposal or you have this initial proposal, but it becomes a little bit different when you're actually moving the funds and kind of what are the exact elements of that so cool to um follow along and yeah I think that sounds like that will go on chain in the next week here and then ens name wrapper update.

A

um So this is just a huge upgrade. That's long been talked about in the ens land, so it is uh deployed again on uh Gurley in January 30th and they are working through this, but there's a bunch of cool things that enables for this and that's the big thing on the technical front there, and then you have some other interesting updates here. I think this is a cool one. It's incredibly super simple tool. If you want to have ens names resolved for Google Sheets, it's really really cool. It took like 60 seconds to install you.

A

Just don't have as many use cases to actually resolve ens names to their their ethereum addresses that I would like, but I hope in the future. uh I would and yeah. You can check out anything else there and yeah. That's ens this month in ens.

A

um And then next item I just wanted to mention it I. Don't think, there's much more to discuss on this, so this would just be um putting some additional deep style liquidity, dxt weft into gnosis chain. um So gnosis chain is the largest um by TBL for swapper I. Think it has about eight million dollars in TDL, but the dxde's pool there is actually very small.

A

It's only about 34 000 in liquidity, so this is um proposing actually taking existing funds from the nurses chain base and just putting a little bit extra um liquidity in there. This is part of the dxt token model. The fourth element of the new txt token model was protocol owned liquidity, and so this would be part of the approved allocation. There there's already been some that has been allocated, I think about 300 000 uh dollars of liquidity from Geek Style on mainnet, and then this would just be a little bit added.

B

C

A

Sure people can have buy small amounts of of DxD because, of course, necess chain with the lower transaction cost is a easier way to for smaller holders to to do that, and because the pool itself is is small, this would actually be split up into two different orders.

B

A

Think the it only has 11 eth in it right now so doing an order for 15 Heath. Would you know potentially open up to some manipulation, so we're just going to spread it out to a.

B

C

A

Then a 90th one there um yeah, so um that is it for the main discussion items. I, don't know if there was any other things about these or any proposals that we had um before kicking off uh discussion on.

A

Sorry cool um yes, so just to jump right in here, I hope people posted last Monday, um and so there was a initial proposal from uh kaparki. There was a couple responses from Dave myself and uh Ross from dxgov, and then we have D5 foodie patsu that had a nice response uh yesterday in there and so yeah just to say I guess maybe to set that this stage a little bit so to post.

A

This kind of post comes following textile's recent search for a treasure as D Labs tenure, winds down and focusing more on on Mimi, and um so there are uh yes, we've been interviewing some different candidates for that. This is kind of an interesting idea of being like.

A

Well, here's a roll here's, some services that we need does that need to be fit filled through this, like traditional control, individual contributor mindset, or does that need or like can that actually be fulfilled through like an entity or a company or like another Dao um like caparky, so yeah I. Think that's what, where the background for this is and so yeah you can turn it over to.

C

Thanks Chris, hey everyone, so this is actually our second proposal. The first one we did was in June last year, but it didn't go through because um it required drastic signers from the extile, and that was that is against the ethos of decentralization of of your doubt. So um we have further developed the um the Zodiac rules, modifier and tested it.

C

um Since last June we started working with balancer as well with cow Swap and recently with Eis as Chris mentioned, um and what we could Now do for. You is use the Zodiac rules, modifier and post One initial overarching strategy that would include at a high level um all the protocols in which we would operate, and that would be subject to the vote of of the extile. So once that strategy is approved, the system would only allow us to do whatever is included in in that strategy.

C

I mean it would forbid everything except what was approved by by the extile. um So what we would do as well is to coordinate the creation of the treasury Guild. We would Source, recruit and train uh its members to be able to take care of all things Financial for for DXL and basically then we would, you know, carry out with the strategies Implement them.

C

um We would set up, of course, zodiac. First, that will be the initial effort. It would be uh the setup of the preset of the zodiac rules modifier to allow us to work, and then we just go ahead and carry out the the strategy um we take into consideration.

C

The liquidity needs of the Excel to make sure there's always liquidity to face any obligations, and you know to to maximize the runway would make sure that there's enough liquidity for dxt redemptions as well, whenever they are needed, um and then we just go ahead and optimize the idle funds to earn a yield and increase the treasury size of of the X style that way.

C

um Well, there was there was uh there were a few questions on on the proposal which I answered. I don't know if anybody has any questions in particular, if you'd like me to go through anything specific about the proposal itself,.

C

But the main difference with last year is the constitution of the treasury Guild and the usage of zodiac to not need trusted signers from from your end,.

A

Cool any thoughts, reactions from anyone else.

A

Of course I will speak, but I was that's. Why I was speaking to start I thought I would get.

B

Out most of my speaking over the first 25 minutes,.

A

But um yeah I can ask a few questions that I had in the Forum. But if anyone else uh yeah has any questions feel free to I, guess you can raise your hand on the jitsi or just open uh or just take off mute, um yeah and I. Think just uh maybe just looking at some of the highlighting some of the like the the bullet points that I said in in my response and so I think thinking about the the goals of the treasury management and and date, Styles uh needs and I. Think.

B

um You know, as someone who.

A

Has worked with Dave very closely, someone who is involved in governance incredibly um closely and has thought about these things, not just for geeks down I've, also seen it in ens I've also been. You know, following writing method defy space for almost four years now so I think I have a good understanding of the different things that are needed and I. Think there's like three different things that I kind of see as the main core of what DX Styles needs are, and this doesn't necessarily have to be all filled by a single.

C

A

C

A

But just what I think is the need is so one provide inside analysis to txtau on Treasury allocation changes to execute on investment decisions made by Deep style and then three accounting and financial projections um right. So this is like the operational cost of making sure budgets and we have the expenses coming up. This is stuff that that candy Fork has done uh as well, um so I think those three things should all. We should all be looking for to fill that again.

A

It doesn't have to be in this proposal, but that's what I think kind of teach Styles needs are um the flagship product and dog fooding Dobby with the treasury. So we've talked a lot about the flagship product for deak style and having wanting to have um basically a governance system, a governance platform Davi at the core of a lot of what DXL ends up doing for all of its products, right figuring out a way that that can unlock other opportunities in investment. Other product engagements there um and so I.

A

Think a key point of the treasury Guild or using DX Style's treasury is to I think people call it dog. Food swapper I mean so dog food, your own product, so I think Amazon. Web services is probably like the best example of this. Basically like Amazon built Amazon web services to run amazon.com itself, but was building that capability so that other companies could then come in and run on, Amazon web services. They did the same thing with the logistics Network right.

A

They built their Logistics Network for amazon.com to function, and so that was a way to justify the cost.

A

But then, once they've, initially they've kind of built out the system, then they opened the system up to um fulfillment orders from third parties there and I think the same thing is an approach we can take here with txtau, which is how do we use the treasury and deploy the treasury in a way that actually dog foods, DX, Styles own products and so I Think Geek style has already been doing this with swapper there's about five million dollars of teach Styles liquidity in in swapper right now, I think that is.

B

A

Important to having kind of swapper as a product be around be able to do a lot of different things and so I think the question is: what can we do on the treasury side of things to dog, food, um Davi and I? Think as I I kind of said here, um I think this means executing it's responsible through Geeks own governance platform, not through a competing platform. Now this is what's fun about I.

A

Think web3 is competitors are like not exactly competitors right and so there's I think a way that you could see how um you know Davi could plug into a safe and we could plug into all these uh different things, and so I think there is is a way to do that. But I think that's what we should be um pushing for here.

A

um I think the cost and fee structure um I think my uh approach here is um originally. It was a management fee right as a 0.5 percent here and then I think. If you look at what the assets are in this um so about so, this would be I think what the management fee would be on 41 million. And so, if you look at what the assets base for that is so basically it means you get point.

A

Five percent of whatever this total assets under management is right, so you're so be inclined to increase the asset under management which increases your fees, but I. Think if you look at what the assets under management are for this management fee, um like two-thirds, are DxD and 80th.

A

So in the event that each doubled, the management fee itself would double um actually actually would be like 66 or whatever, because the price of DxD would also double because of the price of DxD is very much correlated with the price of Eve, um and then that would lead to an increase in management fee which I, don't actually think the doubling of of eth was necessarily something that was related to the treasury performance itself. It's more about previous allocation decisions that were decided by by DH style, governance.

B

And I think especially.

A

It's a little different to have DxD included as part of the AUM in the management fee um and I. Think in general. This is maybe where defy and Dows will differ from how the traditional fund structure has worked. So this point, five percent fee here- is very in the performance fee.

A

That's very much aligned with how different um different traditional fund structures have worked, but I think what's exciting about being in defying being in Dows is the ability to possibly automate these things, and if we can automate these things in a way that they shouldn't cost more as the number of assets um scales, um so I think that's, maybe something we should be thinking about here um there and then yeah that was kind of the main things we could see. This was actually just the um what they had proposed to put in uh for.

C

B

So I, just maybe.

A

Took this as a sample one, there um kind of maybe looking at what some of the deployment strategies are and then yeah I think reporting, advisory and partner. Obviously I think they've done a lot of really great work. This is, should have had maybe more than one click here, but this is just like a really great review that kaparky did of uh 2022 in year in review for gnosis just kind of looking at a whole bunch of things, good things, bad things that they've done, but also like what else you know.

A

I think this is looking to business, develop what else they can do to like kind of promote that I think there's a big advantage to having an advocate on that um and so yeah I think there were because Dave and Ross also replied, and then you could see um fasu's reply here.

A

um If you want to go through that, maybe we find oh there's some.

C

Yeah, um regarding that, just for the record, there is a correlation between the efforts. Carpathy would need to do and the assets under management, but I think you do have a point with the with the increase of these, for example, where we would have no incidents.

C

So what we are proposing would be to change that, um instead of having a percentage of the AUM having a fixed fee of 290k a year, um and we would have three full-time equivalent uh contributors working on the XL and they would take care also of providing additional Services as we enter there, including Business Development, accounting reporting um and and budgeting, as well as the treasury Management Services originally entered in the in the proposal, so so yeah. We would be uh willing to offer that as well.

C

That would be an alternative, and you know um we came up with that. After. After reading your your response um and then something I didn't mention before we um did improve in several aspects, since last June, we we have developed in-house Bots that allow us to have greater Capital efficiency with uh early alerts in case there's a a greater volatility in the market or certain price jobs.

C

For example, uh with alerts on the collateral ratios, if there are any loans taken, so the collateral can be increased and we have focused a lot on risk management, which is something that I think has become one of the main strengths of karpatki.

C

We currently have 32 different parameters that we are looking into for for risk management um and that's part of what we take into consideration when carrying out the strategy, and that's also one of the reasons why I think it's important um that we would have a lot of flexibility within the approach strategy, of course, but a lot of flexibility to make uh to act within those boundaries.

C

So if we see that there's an a significant slippage or that the performance of a position has decreased or there's too much price impact or something happened, there was a hacked protocol, whatever uh we can act quickly uh with the Zodiac rules, modifier again within the boundaries approved by by the exta. But this wouldn't require an additional proposal subject to vote, and you know waiting for several days. We could act immediately on on that um and regarding well dog, fooding, uh Davi or or any VX style build uh tools.

C

What we would do is allocate the necessary funds for for them to be used, um but within the boundaries of our proposal we would be using the tools we are accustomed and we have uh gained experience with and audited three three times. For example, in the case of the zodiac rules, modifier um I, don't know if I'm missing any parts of what you mentioned.

C

um Well, I, don't know if uh part part of the of the additional work would be doing is similar to what we recently posted for gnosis the annual report on the northeast dollar treasury, um so that would be also included. Something similar for the extile would be included with with the fixed management fee that is decoupled from any increase in in ether or dxt prices.

A

Cool I'm just reading, uh there's two questions in the chat. Maybe the first one is not is how is this working alongside this search for a Treasurer position? Does this fill the role? Would the role still be needed? um I think so, just to take a step back so karparki.

A

um As I said, we had a long relationship with them talking back last year and obviously I think a lot of people are in the noses ecosystem and so far some of the work they've done there and so they've been engaged there.

A

um The contributor X team has also been leading a search, a job posting search for an.

B

A

Contributor, because we had day feeling this role and that has I think yielded uh we're now at like two candidates that I think we can think would be an interesting fit. We could kind of work um see how things are are there? We have not finished that process yet um and then there's also another uh group um avant-garde Finance, which I think caparkey is very familiar. They were the second place in the NS endowment vote there. That has also been in conversation with us.

A

um I actually just saw a draft proposal from or I think it was more like a draft intro from them that they're hoping to post in the Forum this week and then aiming to be on a call uh next week.

A

um So I think that's where there's a couple different things kind of moving on there and there's like a clear process for how we should move forward, but I think over the next like week or two. We should be having this conversation more out in the open and so I think this party, one, is the first one that we can.

A

We can have, and then um I think in terms of does it feel the same like role or needs um I think just kind of going back to maybe what um I said here and I think these are the things that I think we kind of need in a lot of different ways um and so I think having all of these would maybe fill the the role, maybe not the whole left by Dave, because I think one of the things that you know noticed hearing when kind of Dave is working and doing a lot of different contributions like he definitely.

A

He definitely has a contributor mindset, which is like what hat am I going to wear today, right that you're contributing to lots of different things off of Dexter out, rather than maybe just focusing on, like one super specific thing and being able um to do that, whereas I think, once we do go more towards this, like entity, Company Route, fulfilling a service, we probably move away from that contributor um type of Engagement and more to something that is providing a specific um service or or value and I.

A

Think the question there is maybe on some of the operational things so like Dave um is always one to vote on my um you can do another come up with a gif for this he's.

B

Always the one.

A

To make sure he's voting on different proposals on chain uh on mainnet right, just voted for the EMS renewal proposal, which I think other people should have should have voted on. But Dave was the only one that voted on that. So there's like a whole active side of governance there that I think Dave has been very good on that. Maybe we'd be also looking to fill but I'm, not sure.

A

If that necessarily needs to come directly from that, um and so um maybe we can uh chat there and then so I think answered that question from Ross G and then daddy Maddie asks. Can you share example of the most robust financial reporting delivery? You have produced um yeah and I. Think Ruka actually just replied there and then I think he has. He stayed, including in finding this new person or entity, so I think Dave has been very involved with kaparki and he's also chatted with another one of the potential um candidates um as well.

A

So we have and I.

C

Just had a day this morning about.

A

A

B

A

Don't actually know what that shift from Dave is but combing his hair.

A

A

Other questions in the chat or questions.

A

Going once I'll have a sip of mine.

A

A

Cool well yeah, we'll kind of keep uh moving this along as I said. There's you know basically, there's caparky's like the the first one, that's kind of presenting this and kind of absorb it, and then uh there'll be another uh conversation next week with Avant guard and then as well as uh these two candidates that we've been uh chatting with it with them kind of figure out how we can kind of introduce them to teach Dao and see if there's there's a fit there um and I think this is yeah.

A

It was telling you know told like everyone like, we don't have a great process for this, and maybe that we need, but even you know if we had a good process for onboarding contributors, um this is kind of almost something um uh completely different.

A

um Luckily Dave we have a new signaling tool that allows us to do ranked Choice um voting, which actually also includes DHT holders. This is the ESP signal, so I actually am very Keen to maybe be using something like that which you can vote on yeah. You can do ranked Choice voting um pretty cool that way.

A

But that's again maybe that's the process we need for that. um But I think we'll see how um I think he says it's very trusted.

A

Yeah I, don't think you can do rep on Snapshot, though yeah or you could yeah I mean. Thank you. I think um snapshot is just as trusted as ESP I.

B

Think we have to go. Ask Skye first to say that this is my dxt Holdings I want so much signal I.

A

Think that's right.

B

Yeah I I. Don't think that would be a good well.

A

I mean I understand but you're asking a snapshot to do it too right, you're trusting another entity to do it.

B

You, don't you don't put it to a person right, I mean you, don't depend upon one single person to just give you. What is your signaling power? Is.

A

Yeah I mean you depend on a company right, I mean I, think for I mean I. Think we've had a long like snapshot, anti-snap shot, because we think it's a super, a very trusted way of deciding things um and I. Don't think you could combine rep and DxD into a single snapshot in snapshot, whereas I think we can do that now, with ESP, okay and I completely agree. We need to I, mean I, think we actually can figure out how to get all the dxt.

A

um Can you combine them in one strategy? Yeah.

B

I think so you can, you can have up to eight different strategies and then you can create one.

A

All right, well I'll, be down with that I think for me, the key thing is: can you have rep and DxD yeah together, um I think it kind of obviously the trouble thing that we're building the governor's 2.0 system now is how do you have the DxD influence in that, and so there is some specifics on how the DTD component um would count in the original proposal, um but yeah I think he's in the original proposal. It says you basically have to have a rep and DxD on a specific address to be able to participate.

A

Anyways there's a good discussion on like how do we yeah make a decision um there um I think we are in the like trying to find some discussion to phase now, I'd be great to hear other people's thoughts there um and then yeah, because we do have this binary thing.

A

If there are more than two options, it does make it very, very difficult there um and just also is like you know, in terms of the uh decision, so this was also a um a contingency budget in the operations guilt right, the treasury thing, so that was approved by diet style there for um a spend on the operations uh Guild one there, and so there is kind of I think maybe some of the operations Guild being able to propose this.

A

If it goes the individual contributor route um or something else, so maybe yeah some things to figure out.

A

Cool any other, yeah and I. Don't so I, don't know the timeline on that, but maybe we could think about two weeks from now. I mean Denver is kind of in here, but maybe like two weeks from now, we could think about the um having an actual vote depending on how the conversations go.

A

If people are drifting one way uh or the other, but um yeah I think would probably be at least another week and a half before we'd figure out what that actual voting would look like, and maybe we should put our some thought into actually the platform to how to do that.

A

Cool um awesome well, thank you, caparky, for for coming on and and uh presenting and answering some questions uh here. um Yeah. Please uh take more questions to The Forum or more comments to The Forum um yeah.

C

A

Cool and then just some call to attentions the also worth checking out section um here: there's a post from Keenan on the phase. Three duke Styles vision, mission and strategy um here and there's also a maybe a hot take from yours, truly on potentially uh slightly adjusting it from enable Community freedom to enable Community sovereignty, um some thoughts there. So if you have any hot takes or opinions on this uh do uh do go there and then we have next week on Tuesday. There is a priorities board monthly check-in on February 21st at 1700 UTC.

A

um So that's an an hour after the developer call, and then there is a DHC monetary policy committee meeting on Thursday at 1600 UTC! That's during this normal time slot.

A

um There was also an interesting post about DX regen, save our Dao about uh covering a lot of different things about an address that has accumulated um fifteen hundred dollars worth of gen and then yeah. There's a nice post from uh venki on swapper Guild, 2023, H1, funding, new developers. This is similar to like the excav in terms of having the contingency budget and then to find a new developer and then finding that one and posting and getting that uh funding there so I think that was posted last week there and still no comments.

A

But if you yeah any thoughts on that go to The Forum.

A

Awesome, um that's it for today's call. Thanks everyone uh for joining and we'll see you next week.

B

Bye everyone thanks just.