►
From YouTube: DXgov Weekly Gathering [2023-03-08]
Description
00:03 Welcome and Agenda
01:02 Mainnet Roundup
13:03 Gnosis Chain - No proposals
17:03 Daylight Savings - How it affects meeting times
24:50 Operations Guild - Treasury Recommendation
46:42 mStable Acquisition Proposal
A
Welcome
to
DXL
governance,
discussion
for
Wednesday
March,
8th,
1600
UTC.
We
will
share
the
agenda
first
to
go
over
what
we
will
talk
about
on
today's
call.
So
we
have
the
proposal
Roundup
as
always
to
go
over
a
bunch
of
proposals
on
mainnet
discussion
items.
We
have
three
discussion
items.
One
hopefully
won't
be
much
of
a
discussion.
A
We
had
the
post
from
Ross
about
an
M,
stable
acquisition
proposal,
so
just
wanted
to
walk
through
that
see
if
there's
any
interest
from
Deep
style
and
maybe
like
putting
together
something
more
specific
there,
but
we
will
dive
first
into
the
mainnet,
rep,
syncs
or
sorry
the
proposals
here.
So
starting
with
the
new
funding
and
voting
power,
we
had
a
rep
sync
for
Melanie,
which
I
feel
like
I
meant
to
vote
on,
because
it's
a
good.
A
B
A
B
A
In
one
year,
I
feel,
like
probably,
should
have
been
January
31st,
but
yeah.
So
as
you
can
see
that
there
that's
the
first
one
and
then
the
second
one
is
the
duration.
So
you
want
to
make
sure
that
this
is
three
years
I
think
maybe
some
people
might
know
how
many
seconds
are
in
a
a
year.
Isn't
that
a
red
song
or
minutes?
Sorry,
so
we're
just
gonna
put
this
in
here
and
we
see
yeah
three
years
here
for
that
so
yeah,
that's
how
you
check
those
for
vesting
contracts
there.
A
There
were
a
couple:
Violet
had
a
couple.
There
actually
voted
for
this
one
here
that
I
checked
this
morning.
Doing
the
same
way,
this
one
is
actually
using
a
February
1st
Cliff
date
instead
of
January,
1st
and
yeah.
So
those
are
the
two
vesting
contracts
there.
We
also
have
another
mainnet
sink
here
from
Medusa
here,
and
so
this
is
sinking
from
gnosis
chain
to.
B
A
A
B
A
And
so
that
means
1.4
million
rep
that
is
inflated
and
been
issued
since
geek
Styles
Inception
like
three
and
a
half
years
ago,
and
so
there
will
be
a
bunch
more
kind
of
in
here,
I
think
there's
yeah
about
50
000
rep.
That
is
in
the
queue
currently
there.
So
we
have
Medusa's
here.
We
also
have
another
March
2023
tokens
claim
from
Nathan
here.
So
he's
been
doing
this
every
month
to
claim
this,
he
could
probably
do
this
on
gnosis
chain
if
he
was
interested
in,
but
maybe
either
one
will
work.
A
A
It
is
not
Comic
Sans,
even
though
I
thought
it
was.
It
says
lexend
thing,
but
yeah
anyway,
so
yeah
you
can
see
here.
This
6.48
is
the
one
from
this.
You
can
see
how
the
6.48
is
calculated
by
adding
up
these
different
parts
here:
okay
and
actually
I'll
need
to
update
his
spreadsheet
because
he's
not
calculating
the
February
vest,
but
maybe
he
has
it
off
by
just
a
little
bit.
A
Dxd
proposals
we
have
those
we
have
the
main,
we
have
the
two
mainnet
sinks
and
then
we
have
a
big
zet.
Q4
2022
payout
is
supposed
to
in
the
Forum
a
couple
days
ago
here-
and
this
is
a
payment
for
as
I
said
three
months
of
work,
so
this
is
in
last
year
so
several
months
ago,
so
for
for
September,
October,
October,
November
and
December
for
Swamper
stuff
there.
So
you
can
have
a
look
on
the
previous
proposals
that
he
had
there
and
then
I
think
also
yeah.
A
Proposal
here
and
then
I
believe
that
is
it
for
the
funding
and
voting
power
proposals
elsewhere
we
do
have
we've
been
doing
the
buyback
proposals
through
cow
Swap,
and
so
those
have
gone
through.
I
had
the
first
successful
one
over
the
weekend,
where
I
actually
was
instead
of
Dave,
submitted
the
buyback
proposal,
so
I'm
feeling
confident
that
I
had
done
that,
and
so
you
can
see
the
other
ones
that
are
coming
up
over
the
next
on
two
weeks.
A
D
A
Days
and
one
hour
here
and
as
always,
you
can
check
the
actual
order
how
it's
signed
from
geeked
out
here.
You
can
see
the
actual
price
here
for
that
0.457
West,
so
that
won't
be
two
days
for
weft
and
then
there's
also
another
one.
That
is
seven
days
after
that
for
weft
and
then
another
one
that
is.
A
That
for
weft,
and
then
we
just
boosted
one
today
that
is
here-
that
is
another
one.
This
is
0.4685.
You
can
see
how
the
price
has
actually
gone
up
a
little
bit
and
that's
because
of
the
BuyBacks
and
the
contraction
actually
increases
the
dxt
price,
and
so
this
one
is
submitted
today
and
so
after
all,
I
have
two
days
of
boot,
then
it
will
have
14
days
there.
A
And
so
that's
one
thing
keeps
a
balanced
so
for
this
this
is
I
think
this
would
be
the
largest
order
for
stable
coins
that
we
have
done
for
DxD,
and
this
would
be
a
hundred
thousand
LUSD
just
because
we
have
a
lot
of
LUSD
and
as
opposed
to
some
of
the
other
ones,
and
the
big
thing
is
usdc
has
eight
decimals,
so
that
ends
up
causing
a
lot
of
problems.
That's
annoying
to
use
or
LUSD
is
a
nice
18
decimal
one
there.
A
So
this
one
yeah
is
submitted
at
731
I
think
this
was
when
eath
was
at
like
1560,
so
you
can
imagine
that
the
dollar
amount
here
fluctuates
more
than
the
eth
price
for
the
West.
Dxd
orders
there.
So
there
is
some
concern
that
this
price
will
not
be
will
either
be
too
high
or
too
low,
and
so
right
now
actually
you'll
notice.
A
A
A
Maybe
if
it
was
7
40,
it
would
be
also
possible
but
and
yeah.
So
that's
another
tool
we
have
for
that,
but
I
think
in
general
it's
good
to
have
these
stable
coin
orders
so
that
they
rebalance
them
and
just
as
the
other
ones.
This
hundred
thousand
LUSD
is
not
a
fill
or
kill
it's
a
liquidity
order.
So
that
means
you
can
access
it.
Many
different
Traders
can
access
it
and
you
can
do
this
not
through
the
Cal
swap
UI
directly
and
maybe
I
should
just
show
people
yes,
but.
A
Have
to
go
to
this
limit
here,
oh
to
unlock
yeah,
and
you
just
have
to
actually
place
the
DxD
order
or
whatever
you
want
there
and
then
you
do
it.
Whatever
price
is
in
the
this
is
the
West
one,
but
whatever
price
is
in
there,
I
actually
don't
know
how
it
would
affect
if
you're
doing
stable
coins.
If
you
were
able
to
go
and
do
like
a
weft
order
for
limit
and
does
Cal
automatically
settle
that
I.
A
A
A
B
A
A
B
A
A
And
in
a
interesting
turn
of
events,
there
are
no
proposals
on
gnosis
chain,
so
just
to
confirm
here.
I
think
this
is
probably
the
first
time
in
a
governance
call
in
a
long
time
where
we
haven't
no,
that's
not
the
wrong,
that's
the
actual,
where
we
have
not
had
a
notice
chain
proposal,
I,
think
partially,
because
we've,
obviously
the
guilds
have
taken
out
a
lot
of
the
individual
contributor
proposals
is
the
big,
the
big
thing
that
was
going
through
noses
there
and
yeah.
A
So
we'll
continue
to
Monitor,
and
it's
definitely
the
place
to
go
when
you
want
different,
smaller
payments
in
terms
of
the
like
less
than
5
000
for
Geek
style,
there's
been
some
things
there
that
that
have
been
very
helpful
for
that,
but
yeah
and
I
think
we'll
have
to
figure
out
we'll
use
it
for
for
for
signaling,
because
that
was
like
kind
of
a
way
to
use
that
there,
but
yeah
I
think
as
Keenan
says,
to
be
fair.
Micropayments
are
mostly
abstracted
to
guilds,
which
is
yeah.
A
Cool
Keenan
says:
are
we
doing
mid
period?
Checking
for
the
guilds
yes
I'm
hoping
to?
We
can
do
quarterly,
so
the
end
of
March
will
be
the
halfway
point.
So
that'll
be
like
three
or
four
weeks
from
now
so
I'm
hoping
the
beginning
of
April
or
maybe
start
the
end
of
March.
We
just
do
like
a
quarterly
update
from
each
of
the
guilds
there.
A
B
A
A
separate
call-
or
it's
part
of
the
weekly
call
that
this
Guild
already
runs,
but
just
maybe
like
an
update
to
Teak
style
governance.
Forum
posts
would
be
also
great
or
something
that
could
be
shared
about
some
of
the
the
progress
so
far.
This
also
comes
in
conjunction.
We
get
to
think
the
other
thing
going
on
at
this
time
is.
We
will
need
to
do
another
funding
proposal
for
Q2,
so
remember
the
way
that
we
did
the
budgetary
process.
A
We
approved
one
H
2023
budgets,
but
we
only
sent
the
first
quarter
of
that
budget
to
the
guilds
themselves
or
to
the
multi-62
and
then
to
the
guilds,
and
so
we'll
need
to
do
a
re-up
of
that
over
the
next
yeah
month.
Here
so
probably
won't
start
that
process
I'll
put
a
form
and
post
in
the
Forum
I'm
thinking,
probably
not
this
week,
but
maybe
early
next
week
there
and
we
will
yeah
start
that
process
there
I'm
not
sure,
there's
anything
different,
we'll
do
then
last
time,
I
think.
A
Last
time
we
did
send
things
to
the
multi-sigs,
because
this
is
right
when
guilds
were
kind
of
being
set
up,
but
now
that
some
of
the
guilds
are
running
money
and
doing
proposals
from
them,
we
may
go
directly
through
the
guilds
themselves,
but
we'll
yeah
we'll
discuss
how
that
religious
Logistics
happen
in
the
next
say.
Maybe
two
weeks
from
today,
we'll
have
a
plan
for
that,
and
so,
in
conjunction
with
that
again,
it
would
be
good
to
have
the
guilds.
Do
Midway,
check-in
points
or
quarterly
updates
and.
A
Of
the
the
Cadence,
we
can
see
long
term
right
that
you
have
twice
a
year,
December
June
or
you
have
the
half
year
budget,
so
you're
kind
of
looking
at
the
analysis
like
that
and
then
twice
a
year,
April
October.
You
have
like
the
Midway
check-in
points
for,
for
those
that
are
providing
some
of
that
check-in
to
the
community
there
and
I
think
those
are
good.
It's
a
good
Cadence
to
have
anyway.
A
Okay,
moving
on
to
discussion
items,
so
the
first
discussion
item,
I
guess
is
daylight
savings
time.
What
I
like
to
say
is
you're,
not
a
real
Dow
unless
you
have
daylight
savings
time,
problems
or
you're,
not
a
real
down,
unless
you
have
a
Daylight,
Savings
Time
policy,
so
you
have
to
go
through
that.
So
all
I
know
is
this
week
in
the
US
is
the
end
of
daylight
savings
time,
so
that
means
we
will
spring
forward,
and
that
means
it
will
be
like
an
hour
ahead
than
we
are
now
and
I.
A
E
A
Their
time
and
then
we
actually
shift
the
UTC
time
to
1500,
even
though
most
of
the
world
doesn't
actually
switch
because
everyone
does
the
daylight
savings
time,
but
UTC
does
not
right.
So,
basically,
all
of
the
calls
should
be
at
the
same
time
for
everyone
in
a
month,
unless
you
don't
celebrate
or
practice
daylight
savings
time,
correct.
A
And
I
think
the
key
one
so
there's
that
end,
but
then
you
think
on
the
West
Coast
is
of
the
US.
It's
basically
like
skies
are
upstairs
now
but
oftentimes.
It's
there
that
in
Keenan,
of
course,
that
8
A.M
is
when
this
call
is
there
now
and
I.
Just
think
8am
is
like
a
mountain
or
a
very
big
difference
between
7
am
and
so
I
think.
Making
sure
that
in
the
west
coast
is
where
La.
B
A
E
Also
other
communities
or
orgs
that
have
like
a
European
time
for
their
for,
like
maybe
another
call
set
or
people
upskilled
or
whatever
it
is
or
U.S
Community
could
have
a
time
set.
They
don't
change
it
right
because
those
are
local
times,
and
so
then,
if
if
this,
if
your
schedule's,
like
you
know,
set
up
for
local
times,
you
don't
really
want
to
change
it.
E
E
A
dow
focused
event,
Tokyo,
there's
a
an
event
in
Seoul,
really
focused
on
Dao's
stuff
and
actually,
interestingly,
like
in
in
Denver
they're
about
30
30
hackers
actually
came
from
Korea
to
attend
East
Denver
and
they
actually
did
really
really
well
and
so
there's
in
the
last
six
months,
there's
been
a
big
push
to
bring
Dao
ideas
and
and
hacking
ideas
and
things
closer
together
between
people
that
are
in
the
western
region
and
Eastern
region
and
I,
think
Dao,
Tokyo
and
the
event
in
Seoul
and
East.
Tokyo
are
part
of
that.
D
E
I
only
know
a
few
Dow
things
happening
in
Asia
like
historically
but
there's
interest,
and
so
potentially
we
can
try
to
capture
more
of
that
audience
into
the
ecosystem
and
the
tools
that
DX
Dow
is
building,
whether
that's
swapper
or
or
Dobby
and
governance
products,
and
then,
hopefully
soon
the
carrot
products
as
well.
So.
A
A
Interested
in
that
and
I
think
you
know,
Ross
is
Ross
from
Jay
Scott.
Is
there
it
now
and
it's
I
think
some
people
are
going
to
be
going
to
Dow.
Tokyo
is
an
opportunity
there,
so
yeah
I'd
be
interested
if
we
wanted
to
set
up
another,
like
maybe
a
monthly
call.
That
is
at
a
time
that
is
more
conducive
to
the
West.
A
Okay,
any
other
daylight
savings
time
so
just
to
wrap
up
for
the
next
two
weeks,
we're
starting
this
Saturday
for
the
next
two
weeks.
All
Americans
will
have
these
typical
old,
sorry,
North,
Americans,
probably
and
I.
Don't
think
South
Americans
go
through
at
this
time.
They
will
have
their
normal.
The
normal
meeting
times
will
be
an
hour
later
and
then
until
European
contributors
go
through
daily
sami's
time
and
then
it'll
be
back
to
the
normal
time
and
then
the
other
change
is
that
going
forward.
A
B
A
Up
is
the
operations
Guild
treasury
recommendation,
and
so
this
is
a
proposal
up
in
the
operations
Guild
in
Davi.
So
you
can
see
here
it
looks
nice
and
pretty
so.
This
was
submitted
by
Melanie
after
some
discussion,
and
this
has
been
a
lot
of
different
things.
So
Melanie,
maybe
you
can
walk
us
through
what
this
proposal
is
specifically
saying.
B
A
B
If
you've
been
following
governance
and
in
the
forums
you
have
seen,
both
groups
give
presentations-
and
you
know,
they're
posted
proposals
and
also,
additionally,
in
the
Avenue
we've
been
exploring,
is
recruiting
an
individual
contributor
to
fail.
This
role
and
the
this
recommendation
proposal
just
Dives
deeper
into
the
processes
around
all
the
potential
options
we
explored,
but
ultimately,
after
analyzing,
all
of
those
specific
options,
The
Proposal
recommends
onboarding
an
individual
contributor,
Maddie
G,
to
support
with
the
established
treasury
functions.
B
B
Calls
and
I
think
you
know
more
than
a
handful
of
DXL
contributors
have
had
a
chance
to
meet
with
him
and
speak
with
him
and
he's
answered
lots
of
questions,
and
you
know
we
all
definitely
feel
that
he
is
a
great
fit
for
this
role.
Additionally,
some
costs
came
into
consideration
when
we
decided
to
make
this
recommendation
in
our
H1
operations.
Guild
budget
we
allocated
around
like
a
hundred
forty
thousand
dollars
for
a
new
treasury
manager
and
the
cost
for
that
agitic
on
board.
B
Would,
you
know,
come
in
quite
under
budget
under
that
budget,
whereas,
like
utilizing
an
investment
management
group
like
Parker
avogard,
their
annual
costs
are
quite
higher,
but
I
also
think
that
it's
important
to
note
that
this
recommendation
also
suggests
that
Maddie
G
still
collaborate
with
like
the
operations
Guild
in
the
future
to
explore
like
long-term
treasury
Management
Solutions
such
as
you
know,
utilizing
hierarchy
or
avant-garde
in
the
future,
but
with
that
being
said,
it
does
currently
look
like
this
proposal
will
pass
in
the
operations.
Guild
I
know.
B
I've
had
a
few
people
ask
you
know:
are
we
going
to
bring
this
to
a
dowi
discussion?
Of
course
we
are,
but
we
just
wanted
to
come
to
consensus
in
the
operations
Guild
and
have
a
discussion
there
before
we
discuss
it
further
with
the
DXL
community
and
I'm,
not
sure
Chris
or
anybody
else
in
the
upskid
had
anything
else
to
add
around
fine.
A
A
A
F
A
So
actually,
we
had
created
a
discussion
on
this
in
in
Guilds
here
that
you
can
see
there.
That's
where
one
of
the
comments
from
vinky
was
there
so
kind
of
cool?
How
this
was
there.
I
actually
do
think.
Maybe
is
something
going
forward.
It'd
be
great
if
we
could
have
this
discussion
that
was
in
the
discussion,
part
actually
also
be
in
The
Proposal
itself,
because
I
think
that's
like
an
important
context.
A
C
Just
a
question
I
mean:
can
you
go
in
a
little
bit
detail
about
what
sort
of
comparisons,
apart
from
the
cost
that
we
did
in
onboarding
contributor
towards
whatever
avant-gon
or
car
park?
He
was
doing
because
the
some
of
the
things
that
kapaki
mentioned
was
about
this
business
Dev
opportunities
that
they
would
bring
and
I
think
I
hope
that
the
Returns
on
that
is
much
more
than
the
150k
cost.
A
B
B
A
So
I
think
the
way
that
kaparki
had
their
proposals
structured-
and
this
is
like
things-
are
they're
not
as
finalized
in
this,
but
they
had
these
two
different
options.
One
was
like
the
200k
and
the
other
was
the
390k
I.
Think
I
said
that
in
there,
and
so
the
390k
would
actually
be
the
much
more
operationally
intensive
one.
So
that
was
when
we
were
telling
them
that
yeah
well,
there's
actually
a
lot
that
we
need
from
an
operational
standpoint
too,
and
it's
not
just
on
the
investment
side.
A
So
that's
what
the
all-inclusive
one
from
from
caparky
was
was
the
380k
plus
a
15
performance
fee
and
then
I
think
so
I
think
going
forward
the
way
that
I
see
this
I
think
it's
like
more
about
the
order
that
this
is
done.
That
I
think
it's
important
to
get
the
foundation
in
terms
of
one
of
the
treasury
needs
with
the
treasures
goals.
How
do
we
mention,
like
kind
of
all
these
bigger
ideas?
A
How
do
we
get
some
consensus
on
what
those
are
and
then
look
to
implement
the
like
management
deployment
strategies
of
those
and
I
think
along
with
that
is
other
BD
opportunities.
I
completely
agree
with
you
on
advantage
in
terms
of
the
BD
I.
Think
I
put
this
in
the
in
the
original
reply.
I
sent
to
caparky
I
think
there's
a
big
opportunity
to
keep
building
that
relationship
on
gnosis
chain
with
I.
Think
swapper
specifically
has
a
lot
to
potentially
gain
from
that,
so
I'm
very
interested
in
figuring
out
how
to
deepen.
A
That
relationship.
I
think
is
the
recommendation
kind
of
says
it's
basically
like,
starting
with
the
accounting
operational
side
of
things
before
moving
to
the
investment
manager,
Biz
Dev
stuff,
but
exactly
how
that
affects
like
what
the
potential
proposal
through
Parky
would
be
I'm,
not
sure,
but
I
know
the
380k.
One
did
include
operational
help.
A
A
You
through
90k,
if
included,
Matty
employment
and
two
others
so
I'm,
not
sure
if
it
does
include
net
employment,
because
I
was
actually
put
in
there
before
Matt
had
put
his
proposal
up
so
yeah.
The
additional
cost
would
not
be
390k
like
I'm,
not
gonna
kind
of
you
know.
We
can
see
how
this
could
work
when
we
can
piece
these
things
together,
but
I
think
it
was
additional
operational
help.
But
I
don't
know
if
it's
specifically
priced
with
Maddie
I
think
is
the
question.
A
C
E
Yeah,
like
you
were
also
I,
mean
talking
very
closely
with
those
parties
like,
for
example,
karpaki,
but
we're
actually
bringing
them
new
ideas
that
they
weren't,
even
thinking
about
that
are
solutions
to
things
that
Dows,
like
DX,
Dao,
ndns
and
other
Dows
actually
need
so
far.
We're
seeing
you
know
this
very
intensive.
Multiple
people
hiring
people
to
manage
a
portfolio
for
a
dow.
E
That's
not
necessarily
a
very
active
management
and
like
whether
that's
your
native
token
or
just
eth,
and
staking
youth,
which
DX
already
does
right,
is
to
like
pay
a
lot
extra
for
things
that
we
already
and
could
do
is
like
less
interesting
on
a
scalable
basis
across
the
entire
web.
3
and
DOW
space
then
actually
figuring
out
the
products
that
a
dow
actually
needs.
So,
if
you
like
to
sit
down
and
say
what
is
DX
actually
need
to
do
with
its
Treasury
I
I,
don't
think
it's
not
like
I,
don't
I!
E
It's
actually
teaching
them.
It's
actually
developing
solutions
that
we
actually
need
in
the
space
based
on
the
experience
and
what
we
know
and
I
can
also
strengthen
Partnerships
and
Business
Development
opportunities,
but
right
off
the
bat
it's
like
that
doesn't
seem
like
that.
Like
hiring
one
of
those
other
ones
would
would
accomplish
all
the
things
that
DXL
actually
needs,
and
so
we'd
rather
work
with
them
and
to
bring
new
ideas
that
doubts
actually
need.
E
Gxed
out
plus
other
dials
and
then
make
you
figure
out
how
you
can
make
it
scalable
right,
like
if
you're
doing
what
those
treasury
management
teams
are
doing
you,
you
can't
just
hire
three
people.
Every
time
you
bring
on
new
some
new
money
from
some
new
community
in
the
web
3
space.
Otherwise,
then
you
get
100.
You
get
a
hundred
people
in
that
organization,
which
doesn't
make
any
sense
right
so
figuring
out.
What
actually
needs
to
be
what
needs
to
happen
is
is
actually
more
interesting.
In
my
opinion,.
C
C
A
C
C
A
I
guess
I
should
say:
I
think
it
has
been
so
instructive.
Is
the
right
word
to
talk
about
this,
so
so
I
I
individually
met
with
all
three
of
these
groups:
individuals
in
Denver
and
kind
of
had
really
great
conversations,
all
of
which
have
been
follow-up
conversations
that
I've
had
individually
with
them,
plus
presenting
to
DX,
Dao
and
hearing
that
plus
even
some.
You
know
competition
amongst
those
and
talking
about
different
proposals
plus
kind
of
hearing
feedback
from
there.
A
I
think
this
has
been
a
very
good
process
for
figuring
out
what
deep
style
needs
and
I
think
it's
moved
us
forward
to
to
that.
So
I
think
this.
You
know
we
want
to
I,
guess
see
that
this
is
part
of
the
process
in
terms
of
like
being
yeah
and
communicating
and
kind
of
growing
things
within
the
Dow
and
the
knowledge
there
so
I
mean
I.
Think
kind
of
what
you're
talking
about
Binky
is
like
all
these
things
in
terms
of
offering
things
there
after
this.
A
This
is
all
important
context
for
how
we
try
to
move
forward
is
like
when
the
discussion
we
had
that
there
so
so
I
guess:
yeah,
cool
cool,
I,
guess
just
to
give
some
context
in
the
chat
that's
going
on.
If
people
are
so
apparently
I
guess,
caparky's
charging
notice
is
one
percent
in
AUM
and
a
20
yield.
E
E
Actually
right
where
DXL
is
already
staking
it,
you
got
to
be.
You
got
to
get
very
detailed
on
exactly
how
a
performance
measurement
would
incentivize
a
team
and
the
gnosis
one's
even
more
complicated,
because
at
one
point
they
were
also
in
charge
of
growing
the
gnosis
chain.
Ecosystem
I,
don't
know
if
they're
still
doing
that
or
if
hypnosis
Builder
is
taking
that
over.
But
that's
that
like
makes
it
a
lot
more
complicated
as
well,
and
so
they
have.
D
E
A
Process
of
making
the
recommendation
so
I
think
this
is
what
Skye
was
talking
about.
That
is
a
little.
They
are
kind
of.
Typically,
when
you
charge
a
management
fee
or
like
a
has
a
benchmark
to
dollars
or
eth,
or
something
like
that.
So
it
is
a
little
bit
different
system
from
this,
and
if
you
go
back
to
the
discussion,
the
ens
Dao
around
this.
Actually
there
were
still
some
discussion
around
this
two
weeks
ago
when
they
were
looking
to
send
the
funds.
How
exactly
they're
calculating
that
so
I
think
overall
is
a.
A
B
A
E
And
I
think,
as
you
wrote
in
the
like
their
initial
proposal,
which
then
we
quit,
we
were
questioning
right.
We
were
saying:
why
would
we
want
to
pay
a
management
fee
on
staking
eth
and
DxD
appreciation,
and
so
that's
when
I
think
they
came
back
with
a
proposal
of
maybe
a
flat
fee
rather
than
the
performance
right.
A
A
A
Actually
read
this
recommendation:
I
think
it
kind
of
I
hope
kind
of
walks
a
fine
line
between
a
lot
of
these
different
things,
we're
talking
about
in
terms
of
yeah,
discussing
outside
treasury
management,
focusing
first
on
the
accounting
and
operations
stuff
for
that.
So
yeah
have
a
read
of
this
and
then,
if
it
passes,
we'll
look
to
introduce
this
to
the
extent
governance
through
the
Forum
next
week
or
after
this
passes.
A
D
Some
of
the
conversations
that
were
had
with
him
that
I
was
sort
of
I
was
a
part
of
listening
in
and
it
put
together
this
document.
It
goes
over
their
treasury,
which
is
currently
about
2.15
million
dollars.
It
goes
over
at
the
front.
You
can
see
some
some
some
of
the
posts
sort
of
laying
out
the
rationale
here,
I
think
going
on
there
for
him.
If
you
really
want
to
dive
in
going
on
their
forum,
is
the
place
to
see
everything.
D
It
also
looks
token
stats,
they're,
fully
diluted
valuation.
You
get
all
that
information
here.
Some
links
as
well
as
sort
of
what
the
assets
are,
that's
what
we
talked
about.
It's
the
treasury.
They
have
new
metavaults,
a
new
metavault
product.
They
have
existing
products
and
about
6
million
tvl
in
there
in
their
group
of
products,
and
then
you
know
the
I
think
the
team
members
seem
to
be
interested
in
continuing
to
work
on
this
product,
and
so
they
are
looking
for
some
way
to
continue
doing
that
and
receive
funding.
D
Something
to
be
aware
of.
Is
that
like
they
the
reason
that
they're
having
to
stop
this
is
because
they're
not
profitable,
basically,
they're,
not
they're,
not
really
sustainable
in
the
the
funds
are
not
bringing
in
as
much
money
as
they
need
to
to
fund
their
fund,
their
their
their
contributors,
which
is
about
two
million
dollars,
2.2
million
dollars
a
year,
yeah,
basically,
no
Revenue,
you
see
it
would
require
300
million
dollars
in
tvl
to
for
them
to
break
even
on
their
at
their
current
burn
rate,
which
is
impossible.
D
It's
never
been
that
high
so
anyway,
so
they
have
a
number
of
products.
Basically,
the
one
of
note
is
their
new
yield
product
which
uses
the
four
to
six
two
six
metavaults
ERC
4626
metavault
sort
of
specification
meant
to
be
sort
of
very
composable
across
D5.
They
have
one
out.
They
have
a
few
others
that
have
been
done.
D
If
they're
interested
and
yeah
I
will
oh,
the
timeline
is
very
quick,
so
they're
trying
to
get
this
done,
like
have
a
preliminary
proposal
by
the
end
of
this
week,
have
final
proposals
by
next
week
like
end
of
next
week.
I
understand:
that's
like
crazy,
fast
for
a
Dao,
but
who
knows
if
you
know
if
it
doesn't
happen,
if
that
can
slide
a
bit
more,
whether
you
know,
if
they
don't
get
anything,
they
just
decide
to
shut
things
down,
not
100
sure
anyway,
that's
the
gist.
F
Yeah
I
appreciate
that
and
yeah.
Hopefully,
this
is
appropriate,
so
I
just
have
a
little
bit
of
Insider
knowledge
here,
just
because
I
actually
introduced
when
stable,
told
me
about
this
like
as
soon
as
was
happening
and
I
introduced
them
to
the
Alistair
team
with
Sam
Jordan.
There
I
would
say
that,
like
from
a
product
development
standpoint
like
I,
think
that's
the
reason
why
a
lot
of
the
team
is
kind
of
trying
to
call
it.
F
Quits
is
they've
realized
they
just
haven't
found
product
Market,
fit
that
they're
falling
behind
in
kind
of
the
the
sector
that
they're
trying
to
play
in
I
also
introduced
them
to
a
competitor
who
I
think
is
actually
very
I,
was
talking
to
them
eight
Denver
and
is
very,
very
interested
and
there's
probably
maybe
maybe
I'm
assuming
wrong,
but
probably
deeper
in
this
process.
And
then
you
guys
might
be
at
this
point
and
would
probably
have
the
ability
to
bid
higher.
F
Because
again
it
would
just
be
like
a
simple
transfer
of
like
their
tvl
into
similar
strategies,
and
so
I
think
that
there's
probably
a
at
least
in
my
mind,
a
better
fit
there.
And
then
they
could
probably
have
been
more
related
to
that,
but
everything
I
know
about
the
team
like
they're,
really
great
guys.
A
couple
of
them
are
like
really
talented.
I
can't
speak
to
the
whole
group
and
there's
probably
value
there
from
an
IP
perspective
as
well.
F
But
you
know
I
I
personally,
based
off
what
I
know
would
not
recommend
DXL
like
moving
forward
with
acquiring
the
assets
of
of
M
stable,
because
I
think
there's
probably
better
suited
parties
who
can
pay
more
for
that,
and
you
know
I
think
there's
probably
some
little
bit
of
expertise
on
the
stable
coin
front
to
accommodate.
You
know
future
product
development
and
capturing
market
share
to
get
there,
and
maybe
DXL
has
that,
but
that
would
definitely.
B
A
A
F
A
C
A
B
A
Know
deals
and
potential
Acquisitions
in
general.
Like
the
whole
point
is
we
have
to
open
our
mind
to
maybe
this
possibly
could
work,
even
though,
most
of
the
time
not
more
than
the
vast
majority
89
of
the
time,
it's
just
not
going
to
work
out
right.
So
I
think
we
did
this.
We
ran
these
due
diligence
process
about
a
year
ago
on
Ave
I'm,
sorry
Agave,
when
they
had
kind
of
a
hack
and
there
was
a
potential
for
recapitalization
there
should
de-style
participate.
A
We
had
some
back
and
forth
in
the
in
the
community
on
that
which
I
think
again
was.
It
was
very
helpful,
but
ultimately
we're
like
it's
not
really
a
good
fit
and
I
think
we're
kind
of
maybe
reaching
the
same
consensus
here,
but
I
think
this
conversation
of
potential
Acquisitions
and
Deals
is
a
important
one
for
us
to
get
familiar
with.
So
when
there
is
something
that,
like
pops
up,
that
does
really
fit
a
specific
need
for
DX
out.
A
B
B
F
My
background
is
in
mergers
and
acquisition
in
financial
due
diligence.
That
I
think
like
this
space
is
very
unique
in
in
thinking
about
that,
because
everything
is
forkable
like
I
mean
I
would
assume
if
you
guys
really
found
like
their
technology
to
be.
You
know
intriguing
that
it's
always
forkable
and
then
you
can
iterate
on
that
and
where
the
value
really
lies
is
like
committed
users
and
committed
tvl
and
I.
F
F
F
A
And
maybe
just
one
more
thing
on
that
is
I
think
I
said:
is
my
post
I
think
there
may
be
some
opportunity?
We
can
look
at
these
things
to
acquire
a
development
team
to
DX
down
right,
but
that's
a
whole
other
thing
of
how
that
exactly
works,
because
you
have
to
structure
that
be
committed
for
a
certain
amount
of
time.
We
can't
really
tie
people,
we
can't
hire.
A
You
know,
acquire
something
and
say:
okay,
the
founders
need
to
work
a
g-style
for
two
and
a
half
years
or
something
I
guess
we
could
invest
something
in
that
way.
But
I
also
think
there's
some
opportunity
more
on
these
groups
of
developers
and
team
members
that
already
have
a
good
working
relationship
with.
Is
there
an
opportunity
to
try
to
like
onboard
them?
If
there's
something
specific,
they
can
work
on
a
DXL.
We
can
kind
of
have
value
there
in
addition
to
like
the
pure
assets
of
the
protocol
or
the
Dow.
A
Yeah
cool
other
thoughts
on
this
here
or
in
the
Forum
I'll,
probably
leave
it
up
for
another
day
and
then
maybe
tomorrow
morning,
just
reach
out
to
the
App
Store
guys
and
update,
then
that
we
ran
you
know
we
kicked
the
tires
and
had
some
conversations,
but
ultimately
was
not
really
much
of
a
fit.
So
if
you
have
anything,
please
say
it
in
the
Forum
before
tomorrow
morning,
foreign.