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From YouTube: DXgov Weekly Gathering [2022-04-27]
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A
Welcome
to
geek
style
government's
discussion
for
wednesday
april
27th
happy
kings
day,
starting
first
with
the
proposal
roundup
or
here's
a
the
agenda
for
today
and
then
yeah,
starting
first
with
the
proposal,
roundup,
no
proposals
on
mainnet
or
arbitrom,
but
a
good
chunk
of
proposals
on
gnosis
chain.
A
couple
different
contributor
proposals:
lots
of
new
swapper
contributors.
So
I
wanted
to
maybe
just
highlight
a
couple
there.
A
This
is
thiago
ferreira,
who
I
believe
yeah
was
connected
at
dallas
and
liz
conn,
and
then
there
is
leonardo
bertioti
who
has
been
helping
out
with
the
new
swapbox
implementation
on
swapper
and
has
been
involved
there.
And
then
I
think
this
is
still
pre-boosted,
but
there's
also
jorge
lopez,
who
is
also
helping
out
on
swapper
there.
I
believe
he
was
helping
out
with
some
of
the
eco
router
there.
A
So
these
are
a
couple
new
developers,
big
thanks
to
like
the
venky
and
zett,
who
have
been
kind
of
trying
to
bring
them
in
to
their
layer
kind
of
lure
them
in
and
also
for
melanie
for
kind
of
helping
them
on
board
here
and
start
the
process
there.
So
we
have
those
a
couple
different
rep
booths
for
sarah
and
also
for
the
thriller.
A
The
thriller
has
been
involved
on
a
couple
of
different
community
calls
also
there
yeah
and
then
there
are
a
couple
different
worker
proposals
for
existing
contributors,
katie
forks
proposal
here
for
the
second
half
of
its
february
march,
2022,
one
and
also
the
dx,
amsterdam
stipend,
so
make
sure.
For
those
of
you
gone
to
amsterdam,
that
you're
claiming
the
stipend
there.
The
conditions
are
laid
out
there.
A
D
A
At
any
time,
my
screen
and
myself
is
visible
by
someone
in
particular
and
I'll
have
to
yeah
make
sure
I'm
smiling.
I
did
dress
up
today
if
you
notice.
A
I
was
just
thinking
that,
when
I
put
on
the
shirted
endings
like
the
first
time,
I
wore
a
collared
shirt
in
a
long
time,
and
just
you
know
made
me
feel
good
kind
of
anyway
back
to
the
proposal:
roundup,
yeah,
so
there's
katie,
forks,
there's
also
ross
nielsen's,
who
also
always
has
a
great
it's
always
a
great
read,
going
over
different
things
that
he
worked
on
and
also
things
for
for
dx,
dxgov
and
then
yeah,
there's
three
different
buyback
orders,
183,
184
and
185,
and
that
is,
I
believe,
all
of
the
current
live
proposals
on
notice
chain
there.
A
Cool
and
then
yeah
moving
on
to
discussion
items
just
first
and
foremost,
I
think
amsterdam
g
brief.
I
know
people
have
done
these
in
all
the
other
calls.
So
I
just
we
don't
really
have
to
talk
about
much
here
but
yeah.
I
thought
it
was
a
great
opportunity
to
see
everyone
lots
of
cool
things
going
on
in
terms
of
projects,
people
working
on
hackathon,
lots
of
different
conferences
and
events,
so
some
cool
things
with
governance
going
on.
A
I
think,
as
we've
gone
to
the
different
conferences,
it's
increasingly
obvious
that
more
and
more
projects
are
kind
of
making
that
their
focus
and
how
they're
presenting
their
ideas.
So
I
don't
know
if
anyone
wanted
to
ask
any
questions
or
any
comments
on
amsterdam.
I
guess
we
now
still
have
adam
dave
and
john
or,
and
maybe
zach,
I
think,
are
still
on
the
ground
there
dealing
with
with
king's
day
there.
But
it's
been
a
good
yeah
good
experience.
I
think
for
all.
A
Yeah,
I
guess
the
answer
for
the
the
first,
the
ggg
global
governance
gathering
was
probably
the
most
intense
like
governance
component
there.
So
there's
lots
of
you
know
the
different
dials
involved
there
so
yeah
this
was.
I
did
a
presentation
on
dao
sovereignty.
She
will
post
the
slides
in
the
in
dow
talk.
A
This
had
been
an
article
I
had
done
previously
and
it's
kind
of
trying
to
encapsulate
this
idea
of
deex
doubt
of
ownership
by
daos
and
like
what
that
means,
and
and
how
can
daos
be
sovereign,
like
we
think
of
individuals
being
sovereign
or
sovereign,
like
countries
themselves
are
sovereign,
it's
a
kind
of
like
tied
kind
of
looked
at
all
those
things
there
yeah,
and
so
I
I
think
maybe
it's
a
word
I'm
trying
to
use
a
little
bit
more.
Maybe
we
can
all
use
a
little
bit
more.
A
B
A
Yeah
and
then
it's
it's
just
funny
to
hear
it.
It
was
partly
because,
with
the
whole,
ukraine,
that
the
russians
of
asia
and
ukraine
are
kind
of
hearing
it
in
that
sense
there,
and
it
makes
you
makes
you
think
about
it,
a
lot
there
so
yeah
any
other
amsterdam
thoughts,
governance
related
or
melanie
also
was
speaking
on
a
panel
at
the
I
think
was
at
the
ggg
about
contributor,
x
and
kind
of
those
types
of
things.
A
So
that
was
another
good
experience
to
kind
of
talk,
share
ideas,
and
I
believe
there
may
be
an
article
coming
out
with
that.
Maybe
even
a
twitter
thread
there
we
go.
E
Yeah,
so
I
also
like
chris
mentioned,
I
was
I
did
a
panel
discussion
workshop
with
a
few
other
people,
ops,
kind
of
leaders
in
the
space
members
of
git
coin
maker,
dow
and
and
aragon,
and
we
kind
of
were
just
discussing
the
importance
of
building
healthy
teams
within
your
dow,
as
we
kind
of
like
scale
in
the
space
kind
of
evolves.
E
So
in
the
upcoming
days,
I
think
I'm
going
to
be
putting
out
an
article
and
then
yeah
a
twitter
thread
on
on
what
what
that
panel
discussion
was
about
and
then
hopefully
more
of
these
talks
to
come
in
the
future
at
future
conferences
and
really
love
being
able
to
talk
about
the
contributor
experience
and
kind
of
share.
My
thoughts
with
with
the
greater
community.
A
Awesome
and
then
like
another
more
government,
there
was
a
great.
I
thought
that
one
of
my
favorite
discussions
was
between
skye
and
chris
was
his
name
from
ur.
It
was
actually
the
live
pier
summit,
I
don't
think,
there's
a
recording
of
it,
but
it
was
kind
of
in
as
melanie's
talking
about
like
actually
people
working
in
dao's,
trying
to
figure
out
these
things
and
actually
two
people
that
have
a
lot
of
experience
with
that.
So
I
thought
that
was
a
really
good
one
and
keenan.
A
I
did
think
he
would
be
a
great
person
chris
from
urine
to
have
on
operation
spaces
when
we
kind
of
think
about
that
there.
E
Oh,
I
need
to
find
skye
to
tell
him,
but
I
didn't
have
a
chance
to
catch
skye's
talk
at
live
pier,
but
someone
reached
out
to
me
and
said
that
she
felt
so
inspired
from
skye's
talk
about
and
when
he
mentioned
the
contributor
experience
at
dx
style
that
she
had
to
reach
out
to
me
and
figure
out
what
I
was
doing
for
dx
dao
and
that
she
would
love
to
hear
more
about
the
processes
we
have
in
place
within
our
dow.
E
So
if
anybody
has
a
recording
of
sky's
talk,
I
definitely
need
to
catch
it.
Wayne
made
an
audio
recording
and.
A
Urine
has
like
a
pseudo
reputation
system
in
a
lot
of
ways
actually
like
they
have.
They
think
they
call
these
different
circles
of
contributors,
that
they
hey,
doers
or
something
or
at
the
top,
and
they
have
certain
capabilities
or
responsibilities
so
yeah.
It
was.
A
To
hear
that
discussion,
yeah,
especially
with
urine
who
you
know
has,
I
think,
is
one
of
the
dows
in
the
space
that
is
really
trying
to
figure
out
how
to
create
a
work
environment,
how
to
create
a
culture.
That's
like
a
dow
first
internet,
first
culture,
yes,
bicameral
is
yeah,
but
that's
the
the
governance.
2.0
is
like
the
ability
to
make
those
like
just
camera.
A
Okay,
any
other
thoughts
on
amsterdam.
I'm
sure
there
will
be
more
and
more
stories
to
come
out
there,
but.
A
Cool
and
then,
let's
move
on
to
the
discussion
items
for
today
or
it's
the
next
discussion
item,
which
is
on
the
dxd
buyback
program,
adjustments
and
clarification.
A
So
just
as
a
reminder,
this
is
a
discussion
basically
trying
to
get
some
clarification
and
adjustments
to
the
way
that
the
buyback
program
has
been
governed.
The
thing
that
is
prompting
this
is
the
supply
of
eth
that
has
been
used
to
conduct.
The
buyback
has
been
coming
from
the
buyback
reserve.
Well,
it's
actually
not
becoming
directly
from.
A
Reserve,
but
that's
where,
from
accounting
perspective
the
eat
is
coming
from
and
that
is
going
to
deplete
at
some
point,
and
so
the
discussion
is
what
to
do
with
when
that
is
depleted
and
like
kind
of
the
long-term
future
of
the
buyback
program.
So
I
think
just
to
kind
of
give
a
brief
background
here
of
what
the
post
says
and
then
some
of
the
responses
here.
In
my
view,
there
are
five
issues
that
we
need
to
discuss
here.
A
So
first,
when
does
the
buyback
reserve
deplete
and
what
happens
to
the
dxd?
That's
been
purchased
two
after
the
buyback
reserve
is
depleted.
What
support
should
the
general
treasury
give
to
dxd
three?
A
What
about
dx
dow
supplied
liquidity
for
an
updated
calculation
for
the
nav
of
the
treasury
and
then
five
a
long-term
reason
to
hold
dxd?
Now
I
think
we
can
group
these
five
issues
into
two
buckets.
The
first
two
are
ones
that
I
think
we
can
find
consensus
and
clarification
in
the
you
know
next
week
or
or
two
here,
and
actually
put
that
clarification.
A
Adjustments
in
the
next
buyback
proposal
extension
and
then
three,
four
and
five
are
a
little
bit
more
long-term
oriented
ones,
and
I
think,
as
part
of
this
process
we're
discussing
here,
maybe
we
should
come
to
some
agreement
to
investigate
or
research
this
this
further.
So
starting
with
the
first
two
and
again,
I
think
these
are
the
the
ones
that
we
need
to
decide.
I
can
reach
consensus
in
the
next
week
here.
The
first
is
the
buyback
reserve
in
the
purchase
dxd.
A
So
if
we
look
at
the
buyback
order
sheet-
and
I
know
that
no
one's
not
seeing
my
screen
but
I'm
hoping
that
the
people
recording
are
seeing
it
there,
if
we
look
at
the
buyback
order
sheet
here,
we
can
see
that
there
have
been
13
160
dxd
purchased
through
the
buyback
program
with
about
1100,
sorry
300
east
there.
A
You
can
see
that
most
of
this
has
been
on
xdi,
and
this
has
been
there's
been
a
little
bit
on
on
mainnet
here
in
the
buyback
reserve
itself.
There's
2499
eth
in
there,
so
you
can
see
that
the
total
amount
would
actually
come
up
on
the
buyback
reserve
number
pretty
soon,
especially
when
we
include
the
the
eighth
that's
already
in
the
gp
earlier
on
gnosis
chain,
which
I
think
is
about
yeah
180
180.
A
But
for
those
of
us
that
were
around
at
the
time
when
the
buy-back
program
was
conceived
and
then
we
kind
of
adjusted
it
and
moved
it
there.
There
was
a
pretty
big
shift
in
how
the
buyback
was
thought
of
after
the
first
million
dollars
was
purchased.
A
So
if
you
look
back
in
the
discussion
and
also
in
the
the
signal
proposals
there,
the
first
buyback
program
was
actually
more
about
acquiring
dxt
and
using
it
to
potentially
seed
liquidity
on
swapper,
because
there
had
been
some
concern
about
using
dxd
from
the
treasury
below
nav
to
see
liquidity
on
swappers.
So
part
of
the
motivation
was
to
acquire
the
stxd
on
the
open
market
and
then
use
it
to
seed
liquidity
there.
A
So
you
can
see
in
the
post
where
we
had
highlighted
this
early
discussion
there
on
that
first
million
dollars
of
dxd
that
was
purchased
and
then,
after
that,
first
million
dollars
of
dxd
was
purchased.
There
was
a
shift
in
how
we
were
thinking
about
the
buyback
program.
A
lot
of
this
actually
comes
from.
There
was
a
post
from
john
about
how
the
the
treasury
a
new
token
model
for
gxd.
A
Another
treasury
would
can
be
used
to
support
that,
but
that
incorporation
of
the
buy
back
reserve
as
the
source
of
funds
didn't
take
place
until
the
second,
until
the
first
extension,
which
would
have
been
the
second
million
dollars
purchase.
So
in
this
interpretation,
then
that
first
million
dollars
that
was
purchased
in
dxd
actually
would
go
to
the
general
treasury,
where
it
could
potentially
use
for
seating
liquidity
on
swapper
or
potentially
anything
else.
A
Whereas
then,
the
rest
of
the
deepsea
that's
been
purchased
since
then
would
then
be
from
the
buyback
reserve,
and
so
in
this
interpretation
there's
really
two.
Two
things:
two
two
conclusions
would
be
one:
that
means
we
have
about
550
each
that's
left
in
the
buyback
reserve
to
purchase
dxd
through
the
same
structure
and
format
that
we've
been
using
for
the
last
year
for
the
buyback
program,
so
that
we
wouldn't
have
to
so.
A
The
buyback
reserve
would
have
probably
around
two
to
three
more
months
of
buybacks
that
could
go
on
and
then
second,
we
would
then
have
clear
understanding
of
who
and
what
the
dxd
should
be
for.
So
in
this
interpretation
with
the
1300
dxd,
that's
been
purchased,
3500
of
that
dxd
should
remain
in
the
general
treasury,
which
it
could
be
used
again,
proceeding
quoting
on
swapper
or
anything
else,
and
then
9400
dxd
that
was
acquired
through
the
program
and
then
presumably
any
dc.
That's
acquired
after
this
is
dt.
A
That's
been
purchased
using
eth
from
the
buyback
reserve
and
therefore
that
dxd
could
potentially
be
burned,
and
I
know
augusto
is
getting
excited
because,
yes,
I
do
think
if
he
burned
the
dxc,
we
would
interact
with
the
the
bonding
contract,
the
first
time
almost
in
a
year.
A
So
that's
the
that's
the
first
point
there.
Maybe
we
can
just
stop
and
see
if
there's
any
kind
of
like
thoughts
or
questions
or
thoughts.
Yet
there.
B
A
Yeah,
so
this
includes
yeah
the
dhd
emissions,
and
so
this
is
a
bit
of
a
so.
This
is
dc.
It's
been
paid
out
of
the
treasury,
and
so
this
includes,
like,
I
think,
there's
like
a
thousand
of
that
was
for
swapper
farming,
maybe
maybe
a
little
less
than
that,
and
then
like
a
thousand
of
that,
was
for
contributor,
vesting
dxd,
that's
already
been
sent
about,
and
then
like
1500
of
that.
These
numbers
are
actually
not
correct,
but
then
the
the
third
group
is
an
estimate
of
future
dhd
issuance
there.
B
A
The
only
thing
that
was
good
it-
actually,
it's
nice
that
it
says
48
000
on
queen
gecko-
is
because
we
had
returned
the
dxd
from
mainnet,
which
I
think
is
like
1999
here
to
the
treasury
and
so
that
I
think
lowered
the
coin
gecko
one
there.
But
yes,
this
is
that's.
That's,
I
think
a
good
thing
to
be
worried
about
in
terms
of
the
circular
supply
when
it's
on
on
coin
gecko
and
then
ross
is
so.
The
logic
of
the
price
will
increase.
A
Once
we
burn
a
bunch
of
equivalent
to
the
value
we
burn
yeah,
I
mean
burning
tokens.
There's
a
I
mean
a
good
story.
Maybe
has
different
different
reasons.
I
mean
I
think,
there's
a
decreasing
the
supply
out.
There
could
give
confidence
to
token
holders
that
there
won't
be
massive
future
inflation
right.
So
if
you
look
at
the
actual
circulating
supply
right
now,
39
000,
that
seems
pretty
good,
but
if
you
know
that
there's
another
100
000
dxd
in
the
treasury
that
could
be
inflicted
that
could
be
issued
and
therefore
you'd
be
diluted.
A
That
could
turn
off
some
token
holders.
Now,
there's
not
a
there's
not
been
any
dhd
running.
That's
come
out
of
the
treasury.
A
Incredibly
low
admission
for
a
project
of
projects
that
are
around
here,
so
I
think
just
because
you
have
the
dxd
in
the
treasury
doesn't
mean
it
will
be
spent.
But
I
think
there
is
an
argument
that
burning
some
could
give
confidence
to
investors
through
token
holders
that
they
won't
be
diluted
in
the
future.
F
The
idea
is
to
trust
no
one
right
like
if
you
have
the
dxd
there,
they
have
to
try
to
down
the
exile,
won't
spend
them,
but
once
you
burn
it,
that's
it.
You
cannot
mean
anymore.
So
the
idea
is
to
create
this
confidence
where
they
don't
have
to
trust
us.
They
just
we
just
burn
it.
That's
it
if
we
are
not
going
to
use
it.
So
why
do
we
need
it
the
same
as
have
it
or
not?.
B
And
then
I
think
dave
is
saying
this
in
the
chat,
but
I
think
another
line
of
of
thinking
would
be
that
if
this
is
from
the
buyback
reserve
had
that
been,
you
know
dxd
gone
into
the
bonding
curve,
it
would
have
been
burnt
so
kind
of
like
just
sort
of
a
consistency
with
the
original
design.
A
I'm
just
reading
a
comment
from
nathan
earlier
it
says
you
know,
conor
was
talking
about
in
regards
to
this
one.
He
conor,
of
course,
has
been
an
active
dxd
orders
participated
in
a
lot
of
these
conversations
in
discord
and
also
on
the
forum,
so
he
was
kind
of
saying
we
could
take
an
average
price
for
all
of
these
and
then
that
would
potentially
move
the
number
that
would
be
burnt
up
and
potentially
the
number
that
would
be
accessible
to
general
treasury
down
yeah.
A
I
don't
know
if
others
have
thoughts
on
that.
I
think
simplicity
is
kind
of
easier
here
and
and
yeah
nathan
did.
You
have
any
thing
to
add.
G
You
know
it's
just
numbers
and
numbers
like
it.
It's
like
the
proposition
is
a
bit
weird.
It's
like
clearly
intended
to
favor.
Someone
is
just.
B
Well,
I
think
if
you
look
at
the
progression
of
the
proposals
right,
that
first
million
you
know
not
specified
to
be
from
the
buyback
reserve
so
like.
If
anything
that
is
from
the
treasury,
and
if
you
take
that
yeah
I
mean,
I
think
it
just
makes
sense
to
take
that
first
million
and
not
do
an
average,
because
I
just
don't
see
any.
B
I
just
don't
see
why
an
average
would
be.
The
interpretation
since,
like
there
was
an
independent
proposal
like
ahead
of
the
other
ones
right
so.
A
Yeah,
I
think
you
can
say
like
oh
we're,
trying
to
clarify
something.
How
can
we
clarify
something?
But
then
when
we
go
back
and
look
at
what
we
have
to
point
to
like
there's
actually
a
pretty
clear
delineation
here
there,
and
so
I
feel
like
if
we
didn't
have
that
clear
delineation
where
it
was.
You
know
a
little
bit
more
confused
confusion,
then
maybe
it
would
make
sense
but
yeah.
I
think,
because
we
can
point
to
things
and
then
this,
I
think
the
benefit
of
you
know
how
you
you
reference
proposals
and
discussions.
A
You
know
months
and
maybe
even
a
year
later
and
how
that
can
have
effect
but
yeah
to
me,
that's
the
clarification
and
then
once
we
make
that
clarification,
we
reach
consensus
on
that.
Then
we
can
kind
of
get
the
the
price
and
the
burn
numbers
pretty
easily.
A
Cool
and
then
yeah
the
second
item
that
is,
I
think,
important
as
we're
going
through
this
one
now
is
support
from
the
the
general
treasury.
So
with
that
clarification
with
that
adjustment,
so
there
would
be
around
550
eth
left
in
the
buyback
reserve
that
could
continue
to
purchase
dxd
along
the
same
conditions
as
all
the
other
buyback
extensions
yeah.
Who
knows
what
the
price
of
eth
would
be,
but
this
would
be
around
maybe
2
million
a
little
less,
depending
yeah
on
on
the
price
of
e
2
million
dollars
in
additional
purchases.
A
That
typically,
would
probably
take
eight
to
ten
weeks,
eight
to
eleven
weeks
to
run
through
so
just
thinking
ahead
after
this
current
after
the
the
ether,
the
weapon,
the
gp
relayer
depletes
over
the
next
couple
weeks
and
then
after
the
550
eth
would
deplete
from
the
buyback
reserve
what
then,
for
kind
of
supporting
the
price
of
dxd
or
driving
value
to
dxd
right
through
through
tokens
tokens
or
through
revenue.
A
I
think
just
kind
of
starting
a
little
bit
about
that
discussion
and
I
still
think
it
makes
sense
to
support
dxd
from
the
general
treasury,
but
I
think
it
should
be
in
a
different
manner
than
what
comes
from
the
buyback
reserve,
because
that
is
a
you
know,
a
a
again,
a
sharp
delineation
between
the
we're,
treating
kind
of
those
those
are
being
treated
differently
there,
and
I
think
there
is
a
very
large
concern
about
continuing
to
purchase
dxd
as
approaches
a
hundred
percent
of
nav.
A
You
know
it
makes
a
lot
of
sense
to
purchase
gt
when
it
was
at
0.09
or
0.1
eth,
but
I
think
the
argument
becomes
a
little
bit
harder
to
swallow
once
you
approach
nav
itself,
so
I
think
it
would
make
sense
to
have
some
general
agreement
on
continued
support
from
the
the
general
treasury
for
the
dxd
after
the
buyback
reserve
be
depleted,
but
at
something
lower
than
the
nav,
for
that
has
been.
That
has
been
dictated
for
the
previous
buyback
proposals
there.
A
So
here
I
was
recommending
that
the
general
treasury,
after
the
buyback
reserve
would
be
depleted,
would
potentially
continue
to
buy
dxd.
As
long
as
it's
70
of
the
treasury's
value
here
and
again,
this
would
only
this
would
take
place.
Presumably
after
the
buyback
reserve
would
be
depleted
there,
and
I
don't
actually
have
the
current
value,
but
I
think
we're
probably
at
like
50
a
little
over
50
percent
of
nav
right
now
so
yeah
any
any
thoughts
on
on
this
on
number
two
here
on
support
from
the
general
treasury.
G
If
we
keep
doing
the
buyback,
are
we
kind
of
like
pegging
gxd
to
the
price
of
ether,
because
this
has
to
be
like
a
free
market
dynamic
that
about
how
investors
value
a
company
and
anyone
should
be
able
to
freely
buy
and
sell
a
token
and
in
in
the
tokenomics
of
gxd,
there's
no
claim
on
the
treasury
and
the?
What
is
in
the
talk
economics
is
the
buyback
reserve
and
as
intended,
it's
been
used
and
we
keep
using
it
for
its
intended
purpose.
G
B
I
think
I
have
somewhat
similar
thoughts.
The
way
I
would
frame
it
is,
you
know
the
general
treasury
was
raised
to
build
products
right
that
as
the
intention
and
to
like
redistribute
the
assets
that
were
raised
to
build
products.
You
know
starts
to
look,
I
mean
it
depends
how
you
do
it,
how
aggressively
you
know
to
what
extent
etc.
But
you
know
it
starts
to
look
like
a
liquidation,
and
I
don't
you
know.
B
Well,
I
think
you
could
in
theory,
imagine
maybe
a
scenario
where
a
liquidation
would
be
something
that
governance
would
want
to
do.
I
think
we're
very
very
far
from
that
right
and
the
overall
intention
of
the
treasury
is
to
support
product
development
and
to
have
a
good
runway
to
to
execute
on
the
roadmap
of
the
dow.
B
So
I
guess
and
I'll
like
to
follow
up
on
that
right,
so
I
don't
see
any
problem
per
se
with
like
okay,
the
the
treasury
should
be
making
some
acquisition
of
dxd
below
70
nav.
Given
you
know,
I
think
that
could
make
sense,
but
I
guess
I
would
want
to
have
a
better
understanding
like
you
know
how
much
at
what
rate-
and
I
think
the
other
thing
to
balance
it
with-
would
be
like
how
healthy
is
the
runway
for
product
development
right
like
so.
B
I
think
I
would
be
in
support
of
it
to
some
extent
if
the
runway
looked,
you
know
well
supported
basically.
A
Yeah-
and
I
think
this
is
like
how
we
kind
of
start
to
flow
from
like
one
to
five
here,
where,
like
the
one
we
kind
of
okay,
we
got
some
agreement
there
and
then,
like
once,
we
start
going
down
like
two
and
like
okay,
we're
gonna.
Do
general
support
the
general
treasury,
then
like
what
does
that
mean
for
yeah
runway?
What
does
that
mean?
For?
A
I
think
nad
is
like
an
important
thing
and
then,
like
this
kind
of
all,
does
kind
of
go
back
with
with
governance
2.0
and
how
like
what
is
the
long-term
reason
to
hold
dxd,
and
I
do
think,
like
the
tokenomics
that
we
were
relying
on
to
start
with
in
terms
of
the
buyback
reserve
like
once
that's
depleted,
it's
not
clear
that
there's
a
you
know
the
with
the
launch
of
like
swapper
token
and
how
we
have
revenue
for
the
products
like
it's
not
clear
how
that
translates
to
dxd
right
now,
and
so
I
think
part
of
this
is
almost
providing
a
stop
gap
measure
until
we
can
come
up
with
like
a
solution
that
does
incorporate
like
all
of
these
things.
A
And
so
then
the
question
is
like
yeah:
do
we
need
to
include
this
kind
of
discussion
now
or
maybe
we
should
have
more
things
kind
of
figured
out,
but
I
think
part
of
it
is
just
giving
some
some
level
of
confidence
that,
after
the
buyback
reserve,
would
end
that
there
would
be
kind
of
some
something
there
yeah
and
so
figuring
out.
Maybe
what
that
is
for
moving
forward.
B
Yeah,
it's
like.
We
want
to
send
a
couple
of
strong
signals
right
like
one.
We
want
to
send
a
signal
that
the
extent
was
building
and
we're
like
more
than
prepared
to
do
so
through
different
market
conditions
and,
like
you
know,
I
think
in
theory.
We
should
be
trading
way
above
nav,
because
we
actually
have
some
interesting
products
and
like
a
very
interesting
organization.
So,
like
I
think,
that's
something
that
I
hope
we
will
eventually
realize.
Obviously
this
bearish
market
trend
and
crypto
in
general.
That
makes
that
somewhat
difficult.
B
But
I
think
that's
like
the
challenge
that
we
have
as
as
contributors
and
then
like
on.
The
flip
side
of
that
is
like
yeah,
sending
a
signal
that,
like
dxnow,
cares
about
the
dxd
price
and
like
if
it's
way
undervalued
then
like
dx
now,
is
maybe
willing
to
use
its
treasury
to
to
support
that
as
well.
B
But
I
think
yeah
there's
some
things
to
to
figure
out
so
like
on
the
runway
side.
I
think
it
would.
We
should
maybe
construct
a
notion
or
like
an
amount
that
we
would
need
to
have
like
a
safe
runway
right
like,
and
maybe
that
would
represent
a
portion
of
the
treasury.
That,
like
would
never
be
touched
right
like
this
is
like
escalating.
It's
not
part
of
the
calculation
for
nav,
it's
like
another
wave.
B
Well,
maybe
you
could
include
it
in
the
nav,
but
it
would
not
be
an
amount
that
would
ever
like
we'd
ever
like
sell
right
like
go
but
below
or
something
as
part
of
buybacks.
Maybe
right
or
you
could
separate
it
from
nav
completely.
But
I
think
the
important
thing
would
be
that
just
that
we
have
this
confidence
that,
like
you
know
this
four
years
of
runway
or
whatever,
like.
I
think
we
gotta
put
numbers
on
this
right.
B
Like
you
know,
you
know
we
gotta
account
for
potential
market
volatility
or
bear
market,
or
you
know
different
market
conditions
right,
but
I
think,
having
a
sense
of
what
our
you
know,
like
burn
rate
is
and
then
a
sense
of
like
how
much
runway
we
think
is
like
a
healthy
amount
to
basically
have
in
reserve
to
kind
of
guarantee
that
we
can
keep
building
under
different
different
conditions.
I
think,
like
you
know
it
should
be
a
reasonable
amount
because
and
then
anything
kind
of
beyond.
That
is
where
you
say
like.
F
It
is
yes
yeah.
My
question
is
when
and
where
do
we
start
thinking
about
revenue?
I
mean
that's,
for
example,
we
john
is
talking
about.
We
want
to
have
enough
dxe
and
ether
to
support
around
a
runway
of
years,
where
we
are
going
to
be
building
products,
but
what
about
revenue
I
mean,
of
course
we
want
to
have
revenue
in
that
four
years
right.
So
how
much
are
we
going
to
target
or
revenue?
How?
F
How
much
do
we
need
to
get
back
from
our
investment
on
building
products
in
our
question
only
building
or
investing
in
products?
To,
for
example,
let's
see,
let's,
let's
think
about
the
hackathon,
if
the
hackathon
happens
and
we
found
out
one
two,
three
projects
that
want
to
support
them
economically
and
maybe
bring
them
into
the
exile
family
or
support
them
outside
the
exile,
family
and
being
born
as
investors.
Is
that
something
that
we
might
be
interested
and
if
so,
where
is?
F
B
I'd
agree,
we
probably
do
need
a
more
of
a
focus
on
that
there
is
fees
coming
in
from
swapper.
You
know,
and
it's
kind
of
the
trading
volumes
have
varied,
but
like
say,
for
example,
there
was
on
average
half
a
million
dollars
of
trading
volume
per
day.
You
know
that
translates
to
something
like
almost
50
000
per
year
in
protocol
fees
for
a
swapper
and
then
dx
dow
has
like
a
portion
of
the
swapper
tokens
right
to
derive
those
fees
from
so
there
is
a
fee
collection
happening,
and
you
know
I
mean.
B
I
think
this
is
something
that
we
have
talked
about
as
well
for
other
products
like
including
omen
when
there
was
some
volume
there
and
we've
talked
about
it
with
with
carrot
as
well
right.
So
I
I
I
do
think
it
is
something
that
we
have
thought
about
and
are
concerned
with,
but
it
might
be
nice
to
make
the
you
know.
B
F
I
mean
yes,
don't
get
me
wrong.
This
is
awesome.
We
are
there.
I
know,
have
you
guys
heard
of
any
dow
who
is
already
generating
revenue
or
on
anything
right?
So
we
are
generating
revenue
from
swapper
on
swap
on
on
fees
that
they
we
charter
them.
We
take
them
on
chain,
so
all
that
revenue
is
generated
completely
on
the
decentralized
way
and
he
never
leaves
the
blockchain.
We
don't
use
any
central
entity
or
bank
or
whatever
right,
nothing,
nothing
centralized.
F
So
I
think
we
might
be
the
first
out
who
is
doing
it
with
this
already
a
a
huge
achievement
right,
but
how.
F
B
Well,
just
on
the
co
on
the
point
of
like
other
dows
and
stuff,
I
think
this
is
something
that
varies
widely
across
crypto
projects,
some
you
know,
many
of
which,
like
basically
have
no
like
generation
of
fees,
but
some
actually
do
have
quite
good
generation
of
fees.
You
know,
I
think
what
comes
to
mind.
B
There's
like
wiring
like
sushi
swap
make
or
dao
like
these
are
all
projects
that
are
like
generating,
and
it's
actually
like
going
back
to
the
token
already
and
then
there's
other
projects
that
like
have
a
lot
of
potential
and
maybe
just
aren't
collecting
it
yet,
like.
I
think,
unit
swap
rate
like
it
hasn't
turned
on
fees
and
v2.
E
B
Like
there's
huge
potential
there
for
revenue,
so
so
yeah,
I
wouldn't,
I
don't
think
we're,
definitely
not
the
first
crypto
organization.
I
would
argue
that
dxtown
is
much
more
of
a
dow
than
those
other
projects,
but
but
certainly
there's
ones
that
have
pretty
good
generation
of
fees
and
revenue.
F
Yeah,
and
also
you
talk
only
about
building
products
where
I
think
investing
in
products
is
also
a
very
good
tool
and
something
that
we
can
do
fairly
easy
and
what,
of
course,
we
need,
if
you
find
a
if
you
find,
if
you
find
any
spot
or
or
a
nice
idea,
and
they
sell
you
their
bank
account.
That's
it.
We
are,
we
kind
of
do
it
right,
but.
B
Yeah
yeah-
and
this
is
maybe
jumping
ahead
on
like
chris's
points,
because
he
kind
of
gets
at
this
later
in
the
post,
but
I
mean
there
are
other
dxo
has
made
investments
right,
and
so
I
guess
that's
another
question
like
right
like
if
a
hundred
thousand
dollar
investment
from
dx
ventures
eventually
becomes
liquid
and
has
some
kind
of
return
like
what
does
that
mean
for
nav?
What
does
that
mean
for
dxd
holders?
B
In
addition,
like
there's,
yield
getting
generated
from
the
state
eth?
That
dave
has
already
kind
of,
like
you
know,
led
the
effort
around
to
and
chris
to
like
get
going
right.
There's
already
some
yield
there
like
what?
How
does
that
get
accounted
for?
I
think
there's
some
proposals
coming.
B
You
know
chris
and
dave
could
talk
more
about
this
right.
I
think
they're
deeper
into
this,
but
I
understand
that
there's
more
proposals
coming
on
how
to
generate
yield
with
the
treasury
right
so
like
these
are
more
ways
that
dx,
dow
is
making
money
with
its
treasury
and
then
get
to
what
extent
is
that
being
yeah
like?
How
does
that
get
used?
And
where
does
that
go.
F
Yeah,
I
know
more
more
of
more
of
the
same.
I
think
it
will
be
also
very
good
to
start
taking
account
of
that
revenue
that
we
gather
and
see
how
we
can
invest
it.
I
I
think
it's
a
very
it's
a
very
good
use
case,
and
how
do
we
say
it
it
will
be.
It
will
look
very
good
as
okay.
This
is
money
that
we
just
earn
right
by
investing
and
building
on
on
the
f5
products
so,
and
we
are
reinvesting
it
to
generate
more
money,
so.
C
A
To
take
a
meta
step
back,
it's
april,
27th
2022,
maybe
a
dx
historian
can
correct
me,
but
I
think
we're
may
9th
2020,
I
think,
was
around
the
launch
of
the
dxd
token
in
the
bonding
curve
and
then
I
think,
may
13
2021.
A
So
just
like
one
year
later,
we
geekstyle
passed
the
dxd
buyback
program
and
so
like
I
don't
know
here,
we
are
another
year
later
and
I
think
those
were
each
huge
steps
forward
for
geek
style
and
have
kind
of
there's
lots
of
different
things
that
have
come
off
of
that
really.
The
governance
2.0.
That
kind
of
group
came
off
of
that
initial
launch
of
dxd,
and
so
I
think,
there's
there's
a
lot
of
things
kind
of
going
from
that.
A
So
I
think
we
are
at
another
one
of
those
like
inflection
points
like
a
year
later,
that
we
can
kind
of
think
about
what
yeah
next
steps
and
what
we
could
be
building
for
the
next
year
here
so
yeah.
I
guess
just
in
terms
of
next
steps
or
things
here.
I
think
there's
pretty
clear
consensus
on
point
one.
A
I
think
point
two
will
need
some
kind
of
a
little
bit
more
discussion
and
consensus
on
like
what
exactly
we're
trying
to
do
with
this,
which
is
like
convey
like
a
long-term
signal
to
the
market.
I
think
in
a
lot
of
ways
and
then,
like
the
big
thing.
Yeah
is
like
these
things
that
we're
talking
about
about
revenue,
about
how
it
kind
of
yield
how
these
things
will
eventually
kind
of
translate
to
dxd.
A
I
think
those
are
going
to
require
a
lot
of
work
and
effort
and
like
putting
some
of
this
information
together,
figuring
out
where,
where
the
best
opportunities
are
and
then
yeah
kind
of
probably
designing
a
new
system
that
may
end
up
looking
like
yeah
like
a
new,
maybe
a
new
token
model
in
a
lot
of
ways.
So
I
think
that
we
had
a
lot
of
work
ahead
of
us
on
these
like
three
four
and
five,
but
they
don't
need
to
be
decided
now.
A
But
I
think
we
need
to
put
a
concerted
effort
to
to
explore
the
to
research
and
explore
these
going
forward.
So
I
don't
know
what
that
looks
like.
Maybe
it's
like
a
working
group
or
something
else,
but
yeah.
I
think
we
have
an
opportunity
to
to
do
some
things
here
with
the
dxd
token.
You
know,
as
it
comes
up
on
its
two-year
anniversary.
A
B
Yeah
anyway,
well,
it
was
an
interesting
question
too,
at
the
time
like
whether
people
would
start
buying
from
the
curve
before
the
ens
proposal
like
passed,
because
until
that
proposal
passed,
it
really
wasn't
like
a
clear
sanctioning
from
dx
dow.
Although
I
mean
the
money
was
going
to
get
out,
so
I
mean
yeah,
I
don't
know,
I
think
the
way
it
turned
out,
if
I
remember
correctly,
is
people
did
buy
before
the
proposal
passed
it
like.
I
got
some
amount
of
eth.
A
A
Yeah,
and
just
also
in
the
form
just
to
highlight
a
couple
other
points.
As
I
said
conor,
I
talked
about
his
point
here.
He
was
also
talking
about
maybe
the
nfe
factor
and
some
of
those
things
sky,
I
think,
is
making
a
good
point
here,
which
is
that
you
know,
like
kind
of
the
implementation
of
governance.
2.0
is
critical
to
the
situation.
A
I
think
that's
kind
of
like
the
political
structure
that
allows
this
to
be
very
cohesive
and
then
spreak,
showing
up
in
the
forum
after
10
months
with
some
with
the
killer
posts
here,
yeah
a
couple
different
points
there
so
yeah
make
sure
any
other
thoughts
or
questions
will
come
through
there
and
yeah,
hopefully
in
the
next
week
or
so,
we
have
something
specific
that
we
can
include
in
a
buy
back
extension
proposal,
yeah
and
then
yeah.
We
can
move.
B
A
One
and
two
so
definitely
one,
I
think
one
and
two,
but
I
think,
like
with
two:
it's
really
about
the
signal,
so
I'm
kind
of
trying
to
think
of
like
what
should
be
included
in
that
signal
like
I
guess
it
would
be
70
and
we
maybe
probably
have
to
agree
to
on
a
number
but
then
like
it
would
that
would
still
be
like
almost
three
months
away,
so
we
could
put
things
in
there.
That
would
be
like
okay.
A
These
things
need
to
happen
before
that,
but
I
like
the
idea
of
incorporating
that
signal
with
this,
but
number
one
I
think
is,
is
the
when
it
has
to
happen.
B
It's
been
a
while,
since
we've
seen
spreak
yeah
spring
touches
on
a
couple
of
like
a
couple
of
his
points.
Kind
of
touch
on
the
aspect
of
like
the
runway,
which
I
thought
was
really
good
too,
and
that's
probably
I'll
make
a
comment.
Probably
around
that
as
well.
A
A
A
It's
always
here
always
here
in
your
heart,
cool.
Well
yeah!
I
guess
that's
it
any
other
thoughts
comments
before
we
close.