►
From YouTube: DXgov Weekly Gathering [2022-07-06]
Description
00:04 Welcome
00:27 Mainnet
00:41 RAI Offloading 2/2
15:12 Q2 Gas Refunds
16:45 Gnosis Chain
16:57 Carrot V1 Audit
19:10 Arbitrum
19:45 VOTE
20:35 Next transfer to Gnosis Chain
32:54 Things to check out
33:38 Cordinape
A
Welcome
to
deep
style
governance,
discussion
for
wednesday
july
6,
2022
reporting
for
the
first
time
from
nashville
tennessee.
Let's
start
as
always
with
the
proposal
roundup.
Let
me
share
my
screen
here.
This
is
the
agenda
for
the
whole
meeting,
but
starting
first
with
the
proposal
roundup
on
mainnet,
we
have
two
proposals
live
pretty
interesting.
The
first
one
is
offloading
rye
from
treasury
two
of
two
and
the
second
one
is
governance,
gas
contracts.
B
So
if
we
were
to
hold
rye
over
the
next
year
and
the
redemption
rate
were
to
stay
the
same,
it
would
simply
mean
that
ri
would
devalue
by
exactly
25
and
so.
For
that
reason
we
took
the
decision
to
dispose
of
some
of
our
I
in
the
current
market
situation,
the
first
proposal
already
passed.
This
is
the
second
one,
sending
a
further
350
k
of
rye
to
the
multisig
to
well
sell
it
for
other
stable
coins
and
yeah,
not
much
more
to
it
than
that.
You
know
just.
B
I
think
right
something
we'll
have
to
monitor
more
actively
to
see
kind
of
how
it
develops
and
how
the
kind
of
redemption
rate
evolves
in
the
long
term,
but
of
course,
at
these
like
high
negative
yield
rates,
so
to
speak.
Given
that
you
know
it's
also
a
significant
part
of
our
runway
and
we
are
actually
one
of
the
largest
rye
holders
out
there
now
we
still
are,
even
though
we
sold
off
350k
last
week.
B
It
just
also
makes
sense
to
kind
of
get
this
right
back
into
the
market,
so
people
can
you
know,
exit
their
positions
etc,
and
hopefully
we
will
see
kind
of
like
a
response
in
the
redemption
rate
of
rye.
As
we
sell
this,
we
haven't
really
seen
too
much
based
on
our
first
kind
of
like
off-ramp
but
yeah.
It's
something
to
actively
monitor
and
see
how
that
develops.
C
C
A
Of
it
is
because
the
market
price
didn't
move
that
much
like,
because
if
you
look
at
the,
I
think
the
p
rate
is
determined
by
the
relationship
between
the
redemption
price
and
the
ride
top
price.
The
time
weighted
average
price
right.
So
to
these
things
right
here,
and
so
this
has
gone.
They
both
have
gone
down,
but
they've
gone
down
by
like
the
same
amount
so
like
the
delta
is
basically
the
same.
A
C
Thing
for
us
is
like
you
know.
I
was
hoping
to
see
that
we'd
make
a
bigger
impact
on
the
price
so
that
maybe
we
didn't
have
to
get
rid
of
all
of
the
ride
but
like
if,
if
this
current
proposal
goes
through
and
we
still
don't
and
we
still
see
a
high
negative
interest
rate
we're
still
holding
on
to
300
000
rai,
and
so
I
think,
then
we
have
to
ask
ourselves
what
do
we
do
with
that?
A
Yeah
and
I'm
just
looking
at
the
market
price
for
the
rye
right
now
because,
like
in
terms
of
geek
style
selling,
its
rye,
like
no
matter
what
the
redemption
rate
is
whatever
it's
doing
like
you
know,
if
we're
selling
we're
gonna
be
selling
at
the
market
price.
And
so
I
guess
that
has
gone
down
a
bit
over
the
last
week,
and
this
is,
I
think,
before
the
selling
it
might
have
been
an
actual
anticipation
of
the
selling,
so
three
dollars
and
seven
cents
to
now
like
three
dollars
and
one
cents.
C
A
Like
a
slow
moving
yeah,
it
makes
it
slow
being
trained
or
something
like
that
so
yeah
I
mean
I
think
we
I
mean
this
proposal
actually
voted
on
it
this
morning
got
to
get
back
into
voting.
It
felt
good
but
yeah.
I
voted
on
this
morning
and
I
think
this
one
clearly
like
we'll
go
through
with
that.
I
think
dave
last
time
the
trades
were
to
usdc
and
lusd,
but
this
time
it'll
be
to
die
in
lusd.
A
Yeah,
I
think
we
go
through
with
this
one,
and
then
there
is
yeah.
I
think
300
000
rye,
which
is
about
900
000
in
the
treasury
still,
and
I
think
we
should
monitor
that.
But
I
don't
actually
necessarily
think
we
should
be
quick
to
just
dump
that
because
we're
using
losing
like
a
small
amount
on
a
negative
yield.
A
Just
because
I
think,
like
part
of
the
reason
for
holding
rye,
is
for
its
decentralization
element,
and
so
I
think
we
need
to
at
least
evaluate
that
after
we've
made
after
these
trades
have
kind
of
gone
through
and
again
like
how
the
system
absorbs
it.
Because
really,
what
I
think
needs
to
happen
is
there
needs
to
be
people
like.
Oh,
the
price
of
rye
has
dropped
enough.
A
So
maybe
I'm
going
to
like
pay
off
my
rye
debt,
because
people
that
have
right
debt,
their
debt
is
becoming
cheaper
when
the
price
of
rye
drops
so
the
more
selling
on
the
market
price.
Maybe
some
of
those
rye
debt
holders
will
purchase
the
die
and
then
pay
back
their
debt
and
that'll
kind
of
affect
the
system,
but
I
think
it
would
be
best
to
like
kind
of
wait
and
see
how
these
two
large
sales
have
have
affected
before
moving
forward
before
deciding
on
the
remaining
300
000
ri.
C
What
one
thought
I
I
had
actually
wasn't
my
idea,
but
I
was
talking
to
different
people
about
this
is
potentially
one
way
we
could
approach.
It
is
putting
the
remaining
rye
into
ave
and
then
geeksdale
could
then
collect
the
you
know
the
interest
rate
on
the
deposits
in
ave,
and
it
also
would
like
facilitate
the
market
shorting
right.
A
Yeah,
I
guess,
like
the
ap,
I
was
looking
at
the
api
on
ave
now
for
like
rise
like
1.1
or
1.2
percent.
So
it
is
pretty
low
to
get
that
yield
and
I
guess,
like
you'd,
be
lowering
the
cost
of
borrowing
for
rye
right
because
you'd
be
depositing
rye
into
ave,
meaning
that
it
would
be
cheaper
for
people
to
borrow
rye,
but
the
cost
of
borrowing
rai
is
already
really
low,
especially
when
you
go
directly
to
reflexer,
because
you
have
like
the
redemption
price
that
is
below
the
market
price.
A
A
Davidson
we
need
like
spikes
and
I'm
trying
to
figure
out
why
it
spikes
and
sometimes
but
like
it
seems
like
it
has
yeah.
The
other
thing
we
could
think
about
doing,
though,
if
when
it's
yield
is
like
putting
it
into
swapper
that
would
you
know
think
if
it's
only
one
percent
like
that,
I
think
the
the
stable
coin
the
usdc
and
die
in
gnosis
chain
has
actually
gotten,
I
think,
about
2.5
over
the
last
year.
So
maybe
that's
another
option
for
the
remaining
one,
probably
maybe
mainnet.
B
C
Short
like
right
through
reflexer,
you
have
to
put
up
each
as
collateral,
and
I
think
you
know
I
mean
this
is
sort
of
the
fundamental
problem
here
right
is
that
there's
not
enough
demand
for
for
like
collateralizing
heath
and
getting
leverage
or
whatever
right?
So
I
think
with
ave
people
can
actually
use
stablecoin,
so
it
makes
it
a
little
bit
easier
for
the
short
sellers
they
can
short
sell
against
another
stable
coin.
A
A
Yeah
yeah,
I
know
the
problem
I
mean
this
is
like
the
system
like
adjusts
over
time,
so
even
when
you've
and
it's
a
pretty
complicated
system,
but
it
is
all
transparent
out
there.
So
if
you
can
kind
of
unders
understand
it
but
like
there
is
a
change
right,
the
sale,
the
sales
have
not
actually
like
affected
the
pid
controller
yet
because
it
hasn't
like
incorporated
yet
because
there's
some
lagging
period,
but
I
don't
think
that's
what
I'm
not
sure
like
what
that
lagging
period
is
how
much
it
affects.
C
C
Understanding
of
this
is
that
the
redemption
rate,
which
is
basically
the
rate
of
change
in
the
redemption
price,
which,
like
dave,
said
you
can
think
of
as
the
negative
there's
an
apy.
Basically
on
your
eye,
it's
broken
up
into
the
p
and
the
I
rates
and
the
p
is
a
proportional
rate
which
I
think
is
supposed
to
be.
You
know
basically
a
current
response
now
I
think
even
that
has
some
lag,
because
it's
using
like
a
time
weighted
average
price
and
it's
not
just
like
the
immediate
market
price
difference
rate.
C
C
So
I
mean
I
don't
know
it's
it's
kind
of
a
shame
now
again
like
I
guess
this
is
like
an
experimental
system
and
you
know
they
kind
of
pick
the
parameters
out
of
thin
air
right.
So
I
mean,
maybe
not
completely
thin
air,
but
I
mean
it's
very
possible
that,
like
this
system,
it's
not
really
like
optimized
or
like.
Maybe
it's
overshooting
a
little
bit
here,
but
I
mean
who
knows.
A
Now
that,
like
that's,
not
an
effective
tool
to
change
the
system
or
to
like
alter
the
structure
of
it
so
yeah,
I
don't
know
if
they
should
have
other
tools
or
it
gets
large
enough
where
you
know.
That
is
a
tool
that
people
can
use,
but
right
now
it's
definitely
not
affecting
it
in
the
way,
I
think
it
it
would
intended
to
be.
C
Yeah
and
then
I
don't
know
if
you
guys
saw
it
because
last
night
in
discord,
but
spicy
soup
was
giving
a
little
bit
of
push
back
on
buying
lusd
because
of
lusd
itself
is
also
above
a
dollar.
It's
like
a
dollar
yeah,
and
we
were
having
a
conversation
about
this
in
discord.
Last
night
I
mean
my
I
like.
I
think
that
is
not
ideal,
but
my
argument,
like
you
know,
for
why
it
still
maybe
makes
sense
to
do.
C
It
is
because
it
provides
us
a
decentralized,
stable
point,
whereas
you
know
even
dye
is
pretty
reliant
on
usdc,
so
I
mean,
like
we
end
up
in
a
situation
where,
basically,
our
only
stable
coins
are
like
usdc
now,
there's
some
other
centralized
ones
too.
That
people
were
mentioning
that
I
kind
of
forgotten
about
busd
was
suggested
by
connor,
there's,
also
true
usd
or
tusd,
and
then
there's
packs
as
well.
A
Yeah,
I
think
I
mean
pax,
so
paxos
is
the
one
who
also
runs
busd
like
finance.
You
see
there
like
that,
because
the
custodian,
but
I
think,
like
the
back
end
for
that,
and
I
feel
like
that-
has
the
same
kind
of
risk
reward
as
usdc
and
it's
like
I'm
not
sure
if
those
would
ever
deviate
where
like
one
would
get
blacklisted
and
the
other
wouldn't
or
or
something
because
presumably.
B
A
Would
come
from
like
government
action
unless
circle
or
or
one
of
them
like
acted
unilaterally
but
yeah?
I
mean
this
is
also
why
I
think
like
there
is
a
cost
to
holding
rye
and
even
like
we're
going
to
like
you
know,
lusd,
that
trade
to
a
dollar
and
two
is,
you
know
basically
like
taking
a
you,
know,
a
negative
yield
and
realizing
it
immediately
there
so
yeah.
I
think
there
could
be
a
cost
to
holding
rye
that
may
be
worth
having
it
for
a
smaller
amount
going
forward,
but
yeah
I
mean
again.
A
Cool,
so
that
will
pass
hope
in
an
hour
and
a
half
and
yeah
we'll
get
that
one
and
we'll
keep
the
conversation
going
and
then
yeah
not
the
next
main
net
proposal
is
to
fund
the
q2
2022
gas
governance
refund
smart
contract.
This
is
always
fun,
but
it's
a
little
less
fun
this
month,
because
the
total
amount
is
a
little
bit
lower
than
it
has
been
in
the
past.
I
think
we're
looking
at
six
to
seven
eth
in
the
past
for
the
quarter.
A
I
think
most
of
kind
of
twofold
one
there's
been
less
activity
on
mainnet
in
terms
of
people
voting
and
doing
that,
but
more
than
that,
the
gas
prices
have
actually
been
somewhat
been
pretty
low.
The
last
quarter,
especially
if
you
catch
it
in
the
morning
and
evening
but
yeah,
there's
a
instructions
on
how
to
claim
your
gas
governance
refunds
in
the
forum,
and
it
should
be
the
same
one
as
as
it's
been
over,
for
I
think
this
is
maybe
the
sixth
quarter.
Seventh
quarter.
A
This
loads
here
I
was
having
some
trouble
on
my
rpc.
My
dap
note
has
not
perfectly
made
it
over
into
the
into
the
move
or
I
haven't
kind
of
set
it
up
completely.
I
think
there
was
also
like
a
upgrade
to
adapt
it,
so
I
haven't
figured
that
out
yet
so
I've
been
trouble
relying
on
my
own
rpc
here
but
yeah
just
looking
at
alchemy,
I
guess
for
the
nurse's
chain
proposals
so
yeah.
A
C
C
As
soon
as
we
can
but
yeah,
this
is
for
carrot.
B1
I
mean
I
could
talk
more
about
that,
but
I
think
we've
covered
that.
So
I
mean
it's
got
more
flexibility.
The
ideas
like
allow,
you
know
any
kind
of
oracle,
templates
or
kpi
token
templates
themselves
to
be
added
to
the
system
and
support
many
different
types
of
things
and
also
be
able
to
like
combine
conditions
in
new
ways,
use
multiple
collateral.
C
C
A
E
D
A
A
A
We
have
all
these
people
kind
of
coordinating
and
at
the
end
of
the
day,
that's
like
people
voting
on
chain-
and
I
think
it's
very
important
for
that
to
be
as
decentralized
as
possible,
so
just
a
friendly
minor
that
a
reminder
that
it's
incumbent
upon
all
of
the
contributors
that
are,
you
know
believe
in
this
mission
of
decentralization
to
try
to
be
active
participants
in
governance
and
in
terms
of
voting
on
chain.
That
way
so
always
encouraging
people
to
do
that.
A
Cool
and
then
I
just
had
one
discussion
item
here-
that
I
wanted
to
just
chat
a
little
bit
about
when
there's
a
couple
different
things
at
the
bottom.
Maybe
things
to
check
out,
we
could
and
if
anyone
else
has
anything
but
yeah.
I
just
wanted
to
talk
about
the
next
transfer
to
gnosis
chain,
and
this
was
something
that
dave
and
I
were
chatting
about,
and
so
right
now
we've
been
doing.
Basically,
we
did
like
a
500.
Yes,
all
the
funds.
A
Details
funds,
of
course,
are
basically
on
mainnet,
but
all
of
the
payments
to
contributors
and
even
like
some-
you
know
the
larger
ones
like
this
one
to
the
carrot,
team
and
things
like
the
sorry,
the
team
omega
for
the
carrot,
audit
and
also
for
space
inch.
These
tend
to
happen
all
on
gnosis
chain,
and
so
we
periodically
have
to
transfer
funds
from
mainnet
to
nurses
chain
and
we've
done
this.
A
The
last
time
we
did
this
was
it
was
45
days
ago,
and
that
was
for
500
000,
and
so
those
remember
like
our
the
burn,
is
right
around,
like
you
know,
260
to
70
thousand
dollars
a
month,
and
you
know
some
of
that
does
end
up
coming
on
mainnet,
so
yeah,
it's
probably
about
250
000.
That
needs
to
be
transferred
like
once
a
month,
but
we've
done
this.
A
I
think
in
the
past
kind
of
in
like
the
two-month
increments
and
the
approach
has
been
to
basically,
I
think
the
last
one
we
did
45
days
ago.
That
was
right.
After
some
of
the
the
market
action,
some
of
the
the
stable
coins
were,
I
guess
the
ust.
It
depends
and
there
were
some
concerns
of
the
stable
coins.
A
Now.
The
benefit
to
this
would
be
should
be
kind
of
less
would
be
less
one
less
transfer
it
would,
you
know,
get
us
out
of
usdt
more
quickly
and
then
the
downside.
Of
course.
Being
you
know,
gnosis
chain
base
relies
on
no
sustained
security
and
is
inherently
less
secure
than
ethereum.
So
having
more
funds
on
nurse's
chain
does
does
provide
some
additional
risk
there.
A
B
Sure,
well,
I
don't
even
know
what
exactly
the
issue
is,
but
initially
federico
at
the
end
me
last
week
that
we
were
out
of
usdc
on
gnosis
chain,
which
I
knew
we
weren't.
We
have
like
six
fair
amount,
but
apparently
alchemy
doesn't
allow
you
to
redeem
proposals
that
have
usdc,
because
it
doesn't
read
that
we
still
hold.
B
That
we
still
hold
usdc
somehow.
So
if
you
go
for
the
export
and
redeem
the
proposal
there,
it
redeems
completely
fine.
In
fact,
chris
and
space
inch
had
an
issue
as
well,
so
space
inch
didn't
manage
to
redeem
their
proposals,
texas,
chris
and
then
yesterday.
I
actually
redeemed
the
proposal
on
their
behalf
for
dick's
vote
and
it
worked
fine.
So
I
don't
know
if
there's
I,
I
would
assume
it's
due
to
the
rpcs
in
alchemy,
which
are
dead.
So
of
course,
I
think.
B
F
F
F
C
B
A
C
A
A
C
B
C
B
C
It
later,
but
I
mean
gnosis-
is
a
little
different
too.
This
machine's
a
little
bit
different.
The
way
it
does
the
wraps,
but
back
to
the
on
the
tether
question
like
I'm
sharing
my
screen
like
this
is
what
would
concern
me
about
heather
and
why
I
think
it's
like
I
mean
I
support
the
plan
of
offloading.
C
Now,
that's
all
good
and
well
if
they
are
fully
solvent,
but
there
has
long
been
like
some
doubts
and
questions
about
insolvency,
and
I'm
not
saying
this
is
like
that.
Likely
to
happen-
but
I
just
think
this,
like
tail
risk
of
like
rising
interest
rates,
caused
people
to
redeem
their
stable
coins
and
at
some
point,
people
panic
about
tether
and
then
there's
a
run
on
the
bank.
And
we
just
don't
want
to
be
in
that
situation
where
it's
like
going
to
zero
and
we
can't
get
it
out
of
the
treasury.
C
A
I
think
mostly
it's
like,
and
I
this
is
not
financial
advice
but,
like
I
see
no
reason
to
hold
usdt
when
you
can
hold
usdc,
and
so
I
just
imagine,
a
lot
of
people
made
have
been
making
that
kind
of
jump
over
the
last
month
or
two
into
usdc,
because
there
really
are
no,
especially
for
like
a
if
you
can't
redeem
tether,
which
most
most
of
us
plebs
cannot.
There's
really
no,
no
reason
to
hold
it.
C
A
Cool,
yes,
I
was
chatting
about
that.
Maybe
we'll
expect
to
post
forum
post
before
the
transfer,
especially
if
it
is
a
large
one.
There
and
yeah
be
mindful
of
usdc
and
then
yeah.
If
you're
ever
submitting
a
proposal
and
have
no
preference
for
usdc
or
x
diet.
Sometimes
it
is
easier
to
take
one
or
the
other,
depending
on
what
the
the
balance
is
and
so
yeah
feel
free
to
shoot
a
message
to
dave
or
myself,
but
yeah
we'll
get
the
next
transfer
over
yeah
in
the
coming
weeks.
A
Cool
and
that
was
it
in
terms
of
discussion
items
just
a
couple
things
to
check
out.
I
don't
know
if
there's
any
anything
to
chat
about
them,
but
there
are
tek
style
discord.
Rep
boost
the
forum
post
is
up
from
kenan
then
there's
the
appreciate,
appreciation,
dial
using
coordinate,
epoch
2
up
from
melanie
and
then
there's
an
awesome.
How
to
claim
your
vested
dxd
from
ali.
That's
posted
in
the
forum.
There
so
feel
free
to
check
those
out
check
those
out
to
learn
more.
D
H
I
can
just
mention
something
quickly
about
epoch,
2
of
appreciation
dao.
I
know
it's
not
anything
quite
as
exciting
as
the
transfer
to
no
system,
but
I
want
to,
I
hope
all
of
you
had
a
chance
to
check
out
the
coordinate,
epoch,
2
proposal
in
the
forum
I
posted
it
last
week.
Essentially,
the
post
outlines
a
draft
proposal
for
the
next
epoch
of
appreciation
now
using
coordinate
for
those
who
are
not
familiar,
who
did
not
participate
in
the
initial
epoch
or
didn't
hear
me,
discuss
it
in
the
product.
H
Call
last
friday,
I'll
explain
a
little
bit
more
about
cornape
and
why
we
use
it
so
basically
coordinate
is
a
tool
that
was
created
to
help
daos
like
incentivize
and
reward
their
contributors
at
dx
style.
We
use
coordinate
as
a
way
to
reward
one
another
and
show
each
other
our
appreciation
for
the
contributions
that
we've
made
throughout
the
year.
H
H
Do
we
think
that
this
is
a
fair
amount?
We
are
requesting
30
000
to
be
used
for
this
epoch,
given
obviously
the
conditions
of
the
market.
I
just
wanted
to
come
to
some
kind
of
like
consensus
from
the
community
and
get
kind
of
like
a
thumbs
up
or
you
know,
an
approval
on
that
amount.
And
then
second,
or
did
you
want
to
say
something.